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
7.4

Based on 62
St.George personal loans reviews

7.0 6.3 8.0 7.9 7.8

Read St.George personal loan reviews by the Mozo community

Latest reviews of St.George Unsecured Personal Loan

St.George

St.George Unsecured Personal Loan (Fixed) personal loan review

Overall rating   9 / 10

Great customer service and loyalty to customers

St George definitely looks after their long term customers. I have banked with St George for as long as I can remember and they have never turned me away when I needed a loan or a credit card where other banks have. Their online banking is super...
Full review

St George definitely looks after their long term customers. I have banked with St George for as long as I can remember and they have never turned me away when I needed a loan or a credit card where other banks have. Their online banking is super easy to use making managing my money simple and easy!

    Price   7 / 10

    Features   4 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

Less

Jade (ACT), reviewed 3 months ago

Was this review helpful? Yes

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St.George

St.George Unsecured Personal Loan (Fixed) personal loan review

Overall rating   7 / 10

Easy online access

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.

    Price   3 / 10

    Features   6 / 10

    Customer service   8 / 10

    Convenience   7 / 10

    Trust   7 / 10

Less

Alyce (ACT), reviewed 7 months ago

1 person found this review helpful – do you? Yes

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St.George

St.George Unsecured Personal Loan (Fixed) personal loan review

Overall rating   6 / 10

Friendly service, fair application process

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...
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.

    Price   5 / 10

    Features   6 / 10

    Customer service   8 / 10

    Convenience   5 / 10

    Trust   5 / 10

Less

Joanna (NSW), reviewed 7 months ago

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St.George

St.George Unsecured Personal Loan (Fixed) personal loan review

Overall rating   8 / 10

Great rates, great customer service

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...
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.

    Price   8 / 10

    Features   0 / 10

    Customer service   7 / 10

    Convenience   6 / 10

    Trust   10 / 10

Less

Natasha (QLD), reviewed 7 months ago

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St.George

St.George Unsecured Personal Loan (Fixed) personal loan review

Overall rating   6 / 10

Great all rounder- service loan and management

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

Efficient service and ease of loan and repayment arrangements.

    Price   4 / 10

    Features   1 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

Less

Jane (QLD), reviewed 7 months ago

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Currently showing

Rates

  • Fixed

  • 14.35%fixed

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

Fees

  • $195.00

  • $9.00

  • $9.00

  • $0.00

  • $150 within first year of term, $100 after.

Other financial bits

  • $3,000.00

  • $40,000.00

  • 1 Year

  • 5 Years

  • Unsecured

Features

  • Weekly, Fortnightly, Monthly

  • no

  • no

  • none

  • none

Rates

  • Variable

  • 14.74%variable

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

Fees

  • $195.00

  • $9.00

  • $9.00

  • $0.00

  • $150 within first year of term, $100 after.

Other financial bits

  • $3,000.00

  • $40,000.00

  • 1 Year

  • 7 Years

  • Unsecured

Features

  • Weekly, Fortnightly, Monthly

  • yes

  • yes

  • none

  • 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.

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