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 8.0 Based on 4
St.George personal loan reviews
7.5 7.0 9.2 8.5 8.2

Read St.George personal loan reviews by the Mozo community

Latest reviews of St.George Unsecured Personal Loan

  • Great service at St George

    1. Overall customer rating
    2. (Reviewed 9 days 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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  • Good customer service is what they have provided

    1. Overall customer rating
    2. (Reviewed 9 days ago)

    I have been with the bank for a number of years and taken out loans and I have had good history of paying off all loans. Therefore, when I applied for another loan, they were not able to reduce or negotiate the interest charged on the loan.  Full review 

    I have been with the bank for a number of years and taken out loans and I have had good history of paying off all loans. Therefore, when I applied for another loan, they were not able to reduce or negotiate the interest charged on the loan.


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

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  • Easy loan

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

    With my personal loan at St.George, I can add to my weekly payments with no trouble and can readily access my balance at any time.  Full review 

    With my personal loan at St.George, I can add to my weekly payments with no trouble and can readily access my balance at any time.


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

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  • Great customer service and interest rate

    1. Overall customer rating
    2. (Reviewed 4 months ago)

    The personal loan I obtained was completed very quickly at a great interest rate. The customer service person arranged this over the phone and even though I have a high level of personal debt, he was able to give me the highest level of loan avai...  Full review 

    The personal loan I obtained was completed very quickly at a great interest rate. The customer service person arranged this over the phone and even though I have a high level of personal debt, he was able to give me the highest level of loan available. It has changed my financial situation dramatically.


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

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  • Accommodating with excellent customer service

    1. Overall customer rating
    2. (Reviewed 5 months ago)

    Accommodating with excellent customer service.  Full review 

    Accommodating with excellent customer service.


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

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Currently showing:

Rates

Rate types
Fixed
Variable rate
none
Comparison rate from*
17.59% based on $10,000
over 3 years
Fixed 1 year rate
14.35%
Fixed 2 year rate
14.35%
Fixed 3 year rate
14.35%
Fixed 4 year rate
14.35%
Fixed 5 year rate
14.35%
Fixed 6 year rate
none
Fixed 7 year rate
none

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
Variable rate
14.74%
Comparison rate from*
17.98% based on $10,000
over 3 years
Fixed 1 year rate
none
Fixed 2 year rate
none
Fixed 3 year rate
none
Fixed 4 year rate
none
Fixed 5 year rate
none
Fixed 6 year rate
none
Fixed 7 year rate
none

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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