St.George Unsecured Personal Loan

  • St.George
  • 14.35%

  • 17.59% based on $10,000
    over 3 years

  • $195

  • St.George
  • 14.74%

  • 17.98% based on $10,000
    over 3 years

  • $195

St.George Unsecured Personal Loan Review

Review updated: 17 March 2014
Review published: 5 December 2012

What's hot:

  • Unsecured personal loan up to $40,000
  • Flexible repayment options

What's not:

  • $150 early repayment penalty

Mozo snapshot:

The almost identical sibling of the St.George fixed rate secured loan but with a notable difference in the higher 14.35% interest rate and the loan amount available (maximum $40,000).

Key features:

The St.George fixed rate unsecured loan has a high 14.35% interest rate so you'll want to select a loan term that enables you to pay off the loan in the least amount of time that will fit with your monthly budget. You can select a term between 1 - 5 years.

If you've got a busy lifestyle and can't get to a branch, you can apply for St.George personal loans online. The application only takes about 15 minutes and St.George say that the loan can be approved within 60 seconds. You have the option between weekly, fortnightly and monthly repayments options.

Other than your monthly loan repayments you will also have to pay a $9 monthly service fee.

One of the downsides of this loan is that you can't make extra repayments and if you do pay out the loan you will have to pay a penalty fee and break costs. But because it is a fixed loan, each month you will have set repayments so this should help with monthly budgeting.

If you are planning to get a loan within half an hour you'll need to have a $195 ready at hand for the application fee. And once you have the loan, set up automatic repayments otherwise you will have to pay a $9 late payment fee.

Who it's good for:

Fixed loans are best for people who need to stick to a set monthly budget and don't want to worry about changes in interest rates.

Any catches?

Because this is an unsecured loan you will be paying top dollar for your borrowing so try to set the most aggressive repayment plan you can so that you pay the least amount of interest possible.

If you pay off your loan within 12 months there will be a $150 early repayment penalty or $100 after 12 months and before end of term and you may also have to pay break costs.

How are St.George personal loans rated by the Mozo community?

Product Type Overall Rating Price Features Service Convenience Trust
St.George personal loan 7.9 Based on 53
St.George personal loan reviews
7.3 6.8 8.3 7.9 8.3

Read St.George personal loan reviews by the Mozo community

Latest reviews of St.George Unsecured Personal Loan

  • Easy online access

    1. Overall customer rating
    2. (Reviewed 22 days ago)

    It was easy to apply and it connects to my other services.  Full review 

    It was easy to apply and it connects to my other services.


      1. Price
      1. Features
      1. Customer service
      1. Convenience
      1. Trust
    Less
    St.George personal loan review by Alyce from Australian Capital Territory

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  • Friendly service, fair application process

    1. Overall customer rating
    2. (Reviewed 22 days ago)

    Have held a personal Loan for a number of years with St. George and have had to refinance a few times. Service is great, application process quick and easy to link existing accounts. Have offered flexibility in times of hardship and customer ser...  Full review 

    Have held a personal Loan for a number of years with St. George and have had to refinance a few times. Service is great, application process quick and easy to link existing accounts. Have offered flexibility in times of hardship and customer service reps are friendly and understanding.


      1. Price
      1. Features
      1. Customer service
      1. Convenience
      1. Trust
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    St.George personal loan review by Joanna from New South Wales

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  • Great rates, great customer service

    1. Overall customer rating
    2. (Reviewed 28 days ago)

    I like the small bank touch. They are very helpful and helped us get our personal loan and over the entire course, kept us updated. I dislike the way we have to make our payments (Automatically direct debited), meaning we can't pause payments whil...  Full review 

    I like the small bank touch. They are very helpful and helped us get our personal loan and over the entire course, kept us updated. I dislike the way we have to make our payments (Automatically direct debited), meaning we can't pause payments while on holidays or pay ahead.


      1. Price
      1. Features
      1. Customer service
      1. Convenience
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    Less
    St.George personal loan review by Natasha from Queensland

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  • Great all rounder- service loan and management

    1. Overall customer rating
    2. (Reviewed about 1 month ago)

    Efficient service and ease of loan and repayment arrangements.  Full review 

    Efficient service and ease of loan and repayment arrangements.


      1. Price
      1. Features
      1. Customer service
      1. Convenience
      1. Trust
    Less
    St.George personal loan review by Jane from Queensland

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  • Great service at St George

    1. Overall customer rating
    2. (Reviewed 2 months ago)

    I have been a loyal customer of St George. My local branch is great to deal with.  Full review 

    I have been a loyal customer of St George. My local branch is great to deal with.


      1. Price
      1. Features
      1. Customer service
      1. Convenience
      1. Trust
    Less
    St.George personal loan review by Esther from New South Wales

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Currently showing:

Rates

Rate types
Fixed
Rates from
14.35%fixed
Comparison rate from*
17.59% based on $10,000
over 3 years

Fees

Application fee
$195.00
Service fee
$9.00
Late payment fee
$9.00
Exit fee
$0.00
Early repayment penalty
$150 within first year of term, $100 after.

Other financial bits

Minimum loan amount
$3,000.00
Maximum loan amount
$40,000.00
Minimum loan term
1 Year
Maximum loan term
5 Years
Security types
Unsecured

Features

Repayment options
Weekly, Fortnightly, Monthly
Extra repayments allowed
no
Redraw allowed
no
Other restrictions
none
Other benefits
none

Rates

Rate types
Variable
Rates from
14.74%variable
Comparison rate from*
17.98% based on $10,000
over 3 years

Fees

Application fee
$195.00
Service fee
$9.00
Late payment fee
$9.00
Exit fee
$0.00
Early repayment penalty
$150 within first year of term, $100 after.

Other financial bits

Minimum loan amount
$3,000.00
Maximum loan amount
$40,000.00
Minimum loan term
1 Year
Maximum loan term
7 Years
Security types
Unsecured

Features

Repayment options
Weekly, Fortnightly, Monthly
Extra repayments allowed
yes
Redraw allowed
yes
Other restrictions
none
Other benefits
none

About St.George

St.George is Australia's fifth largest bank and has merged with Westpac to create a banking mega force. St.George offers a wide range of products aimed at business and corporate customers. St.George still have a customer focused team who tailor products to suit its customers needs. So if you want a bank that's good with people and good with money too, check out the St George range of credit cards, bank accounts, savings accounts, home loans and personal loans.

*The Comparison Rate combines the lender's interest rate, fees and charges into a single rate to show the true cost of a personal loan. The comparison rates displayed are for the amounts and terms quoted, based on monthly principal and interest repayments, on a secured basis for secured loans and an unsecured basis for unsecured loans, and apply only to these examples. Different amounts and terms will result in different comparison rates. Full comparison rate schedules are available from lenders. Costs such as redraw fees or early repayment fees, and savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.

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