You’re spoilt for choice when it comes to St.George car loans, and have no less than four versions to pick from for a new or preloved ride. Motoring enthusiasts can mix and match between fixed or variable interest rates, and secured or unsecured. To help you find the right one for your needs, we’ve set up a comparison table and answered your FAQs below...
| Product | Interest rate from | Comparison rate from* | Upfront fee | |
|---|---|---|---|---|
| Secured Personal Loan (Fixed) St.George | 8.49% p.a. | 9.60% p.a.based on $30,000 | $195 | Go to site |
| Secured Personal Loan (Variable) St.George | 12.74% p.a. | 13.81% p.a.based on $30,000 | $195 | Go to site |
| Unsecured Personal Loan (Fixed) St.George | 12.99% p.a.to 19.99% p.a. | 14.06% p.a.to 21.02% p.a.based on $30,000 | $195 | Go to site |
| Unsecured Personal Loan (Variable) St.George | 12.99% p.a.to 19.99% p.a. | 14.06% p.a.to 21.02% p.a.based on $30,000 | $195 | Go to site |
* 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.
† Mozo may receive a payment from financial providers listed on the site. Customer reviews are in no way affected by any commercial relationships Mozo has with providers.
The first major difference between the two is that fixed interest rates don’t change, while St.George has the power to adjust variable rates during loan terms to reflect market conditions. If you compare both rate versions side-by-side, you’ll notice that fixed rates are slightly lower.
So as you can see, fixed and variable rate loans are pretty different, but did you know they offer different loan features too? For instance, if you want a car loan that lets you make extra repayments, redraw from them and not face a break cost for clearing your debt earlier, opt for a variable rate loan. Or, you could sacrifice those features for the peace of mind your rate will stay the same by picking a fixed rate loan.
It’s a rate based on a combination of costs you’ll likely encounter, like a sign up fee and ongoing costs, plus the interest rate. Something to keep in mind is that these rates are indicative only, which is why it’s useful to look at the interest rate too when comparing St.George car loans.
Secured car loans have extra cred because they give St.George the power to repossess cars in cases of loan defaults. So why would you opt for a secured loan? The reason is simply because you are charged at a lower interest rate.
Yes, and it’s worth factoring them into your car loan decision-making to save you financial pain later on. For instance, St.George’s fixed rate car loans have fewer features than the variable rate versions, and you’ll be charged an early loan repayment penalty fee for clearing your debt before you’re due to. But if you opt for a variable rate loan instead, you can take advantage of making extra repayments when you have the extra cash, dip into them via redraw facility and pay off your loan early fee-free.
St.George can lend you between $3k and $80k if you opt for the secured loan, or up to $40k if the loan is unsecured. Other factors come into play on what loan amount you are eligible for too, including your credit history and current financial situation.
Your pick between weekly, fortnightly or monthly due dates.
It depends on whether your loan has a fixed or variable interest rate. St.George’s fixed rate loans have terms ranging from 1-5 years, whereas if you have a variable rate loan, terms can be two years longer.
Variable rate car loans, where you can clear off more debt when you like. Just remember, using the redraw facility to dip into extra repayments is not free, and there is a minimum amount you have to take out when you use it.
It can vary, but the amount is usually based on how much St.George is out of pocket due to your early loan repayment. Remember, the fee will only kick in if you have a fixed rate loan.
Simply to use the funds for life’s expenses that crop up, whether it’s a medical bill or school fees.
You can, but it needs to be less than 12 years old at the time the loan is issued, fully insured and registered to qualify as security. Otherwise, you could opt for an unsecured loan.
Really easy. You can do it from the comfort of your home online, visit a branch, or call St.George’s customer service line. To speed up the application process, have the following personal details ready to go:
Once you’ve applied, St.George will get back to you on the outcome within 3 working days.
