One of Australia’s leading banks, St George has been providing financial services to more than 2.6 million customers and businesses since 1937. In 2008, St George became part of the Westpac Group and today boasts 396 branches and 3000 ATMs throughout Australia.
On this page, you’ll be able to learn about St George’s home loans from its variable and fixed to package and line of credit offers. We’ve also provided some helpful tips on what home loan features you should keep an eye out for as well as the documentation you’ll need to successfully complete your home loan application with St George Bank.
Rates and fees verified as correct at 11 August, 2020. Other information correct at the time of writing.
St George offers two fixed home loans from which you can choose depending on whether you’re an owner occupier or investor. The fixed home loans are available from $10,000 and you can borrow up to 95% of your property’s value. With a fixed home loan from St George you can lock in a fixed rate from a period of 1 year up to 5 years and there is an additional rate lock feature which allows you to secure the advertised interest rate for up to 3 months before the settlement date of your loan (fees apply). There is plenty of flexibility in terms of repayment options including the ability to make extra repayments up to $10,000 p.a without charge, a redraw facility (fees apply) and repayment holidays when you’re ahead of your repayments. There is a monthly service fee to consider but you’ll be able to save heaps on interest over the term of your loan with a partial offset account.
| Product | Fixed 3 year rate | Comparison Rate* | Service fee | Upfront fee | Monthly repayments ‡ |
|---|---|---|---|---|---|
| 2.99% p.a. | 4.89% p.a. | $10.00 monthly | $700 | ||
| 2.94% p.a. | 4.84% p.a. | $10.00 monthly | $700 | ||
| 2.79% p.a. | 4.63% p.a. | $10.00 monthly | $700 | ||
| 2.84% p.a. | 4.68% p.a. | $10.00 monthly | $700 | ||
| 2.74% p.a. | 4.58% p.a. | $10.00 monthly | $700 | ||
| 3.79% p.a. | 4.92% p.a. | $10.00 monthly | $700 | ||
| 3.74% p.a. | 4.87% p.a. | $10.00 monthly | $700 | ||
| 2.39% p.a. | 4.13% p.a. | $10.00 monthly | $700 | ||
| 2.44% p.a. | 4.18% p.a. | $10.00 monthly | $700 | ||
| 2.34% p.a. | 4.08% p.a. | $10.00 monthly | $700 |
Owner occupiers and investors are given the choice between a basic home loan starting from $150,000 and a standard variable rate which is available on loans starting from $10,000. It’s easy to pay back your home loan on your own terms with flexible features such as extra repayments, repayment holidays and the choice between a weekly, fortnightly or monthly repayment cycle. While the basic home loan option doesn’t have an attached service fee but should you opt for the standard variable rate you’ll be charged a monthly fee. If this is the case, you can offset the cost of the fee by taking full advantage of the offset account feature to help you save on interest over the term of your loan.
| Product | Rate | Comparison Rate* | Service fee | Upfront fee | Monthly repayments ‡ |
|---|---|---|---|---|---|
| 3.64% p.a. | 3.69% p.a. | $0.00 | $600 | ||
| 3.34% p.a. | 3.39% p.a. | $0.00 | $600 | ||
| 4.57% p.a. | 4.62% p.a. | $0.00 | $600 | ||
| 2.79% p.a. | 2.84% p.a. | $0.00 | $600 | ||
| 3.29% p.a. | 3.34% p.a. | $0.00 | $600 | ||
| 3.24% p.a. | 3.29% p.a. | $0.00 | $600 | ||
| 3.09% p.a. | 3.11% p.a. | $0.00 | $100 | ||
| 3.14% p.a. | 3.16% p.a. | $0.00 | $100 | ||
| 3.04% p.a. | 3.06% p.a. | $0.00 | $100 | ||
| 3.99% p.a. | 4.04% p.a. | $0.00 | $600 | ||
| 3.94% p.a. | 3.99% p.a. | $0.00 | $600 | ||
| 2.64% p.a. | 2.66% p.a. | $0.00 | $100 | ||
| 2.69% p.a. | 2.71% p.a. | $0.00 | $100 | ||
| 2.59% p.a. | 2.61% p.a. | $0.00 | $100 | ||
| 5.36% p.a. | 5.53% p.a. | $10.00 monthly | $700 | ||
| 5.31% p.a. | 5.48% p.a. | $10.00 monthly | $700 | ||
| 5.07% p.a. | 5.24% p.a. | $10.00 monthly | $700 | ||
| 5.12% p.a. | 5.29% p.a. | $10.00 monthly | $700 | ||
| 5.02% p.a. | 5.19% p.a. | $10.00 monthly | $700 | ||
| 5.10% p.a. | 5.27% p.a. | $10.00 monthly | $700 | ||
| 5.05% p.a. | 5.22% p.a. | $10.00 monthly | $700 | ||
| 4.51% p.a. | 4.68% p.a. | $10.00 monthly | $700 | ||
| 4.56% p.a. | 4.73% p.a. | $10.00 monthly | $700 | ||
| 4.46% p.a. | 4.63% p.a. | $10.00 monthly | $700 |
The fixed rate Advantage Package from St. George is available with home loans starting from $150,000. Whether you’re an owner occupier or investor, you’ll be able to make full use of the flexible repayment options that come with the package including free repayments up to $10,000 p.a., a redraw facility and repayment holidays when you’re ahead on your payments. There is also a partial offset account to help reduce your interest payments over the term of the loan. In return for an annual fee, you’ll be able to enjoy exclusive package offers such as interest rate discounts as well as waived fees on your home loan (i.e. establishment, administration), credit card and transaction account.
| Product | Fixed 3 year rate | Comparison Rate* | Service fee | Upfront fee | Monthly repayments ‡ |
|---|---|---|---|---|---|
| 2.84% p.a. | 4.14% p.a. | $395.00 yearly | $100 | ||
| 2.79% p.a. | 4.09% p.a. | $395.00 yearly | $100 | ||
| 2.64% p.a. | 3.88% p.a. | $395.00 yearly | $100 | ||
| 2.69% p.a. | 3.93% p.a. | $395.00 yearly | $100 | ||
| 2.59% p.a. | 3.83% p.a. | $395.00 yearly | $100 | ||
| 3.64% p.a. | 4.16% p.a. | $395.00 yearly | $100 | ||
| 3.59% p.a. | 4.11% p.a. | $395.00 yearly | $100 | ||
| 2.24% p.a. | 3.38% p.a. | $395.00 yearly | $100 | ||
| 2.29% p.a. | 3.43% p.a. | $395.00 yearly | $100 | ||
| 2.19% p.a. | 3.33% p.a. | $395.00 yearly | $100 |
The variable rate Advantage Package from St. George is also available with home loans starting from $150,000. You’ll get all the same great features as with the fixed rate alternative, with added flexibility in repayments. With the variable rate package, you will enjoy unlimited free repayments and the full use of an offset account to help you pay off your home loan as soon as possible. You can choose to make monthly repayments on your principal and interest amount or only on interest, and you can make these payments weekly, fortnightly or monthly.
| Product | Rate | Comparison Rate* | Service fee | Upfront fee | Monthly repayments ‡ |
|---|---|---|---|---|---|
| 4.04% p.a. | 4.45% p.a. | $395.00 yearly | $100 | ||
| 3.99% p.a. | 4.40% p.a. | $395.00 yearly | $100 | ||
| 3.75% p.a. | 4.16% p.a. | $395.00 yearly | $100 | ||
| 3.80% p.a. | 4.21% p.a. | $395.00 yearly | $100 | ||
| 3.70% p.a. | 4.11% p.a. | $395.00 yearly | $100 | ||
| 3.78% p.a. | 4.19% p.a. | $395.00 yearly | $100 | ||
| 3.73% p.a. | 4.14% p.a. | $395.00 yearly | $100 | ||
| 3.19% p.a. | 3.62% p.a. | $395.00 yearly | $100 | ||
| 3.24% p.a. | 3.67% p.a. | $395.00 yearly | $100 | ||
| 3.14% p.a. | 3.57% p.a. | $395.00 yearly | $100 |
Building up your future wealth is easy with a flexible line of credit home loan from St George. Available on loans starting from $10,000, St George’s Portfolio loan allows you to use the equity in your own home to put towards other investments such as shares and property. While you’re busy building up your future assets, you can choose to pay back the loan whenever you like (but at least monthly) and you’ll only pay interest on the outstanding balance. Plus, you’ll have 24/7 access to your funds via ATMs, EFTPOS, Internet, Mobile and Phone Banking, rate lock and Visa Debit card.
| Product | Rate | Comparison Rate* | Service fee | Upfront fee |
|---|---|---|---|---|
| 5.98% p.a. | n/a | $200.00 yearly | $800 |
‡ Results from this calculation are estimates only as individual lenders apply different formulas. Actual repayments will depend on your individual circumstances and interest rate changes.
| Offset accountOffset account | To help you save on interest payments over the term of your loan, St George’s standard variable home loan comes with an offset account. Borrowers opting for a fixed rate will not miss out on this money saving feature because the fixed home loan from St George has a partial offset account. |
| Family PledgeFamily Pledge | With St George’s Family Pledge option, your parents or other family members can use the equity in their own home to provide additional security for a portion of your loan amount. That way your loan to value ratio is reduced and you may be able to avoid paying Lender’s Mortgage Insurance. |
| Extra repaymentsExtra repayments | Whether you choose a fixed, variable or package home loan from St George, you’ll be able to make extra repayments whenever you like (up to $10,000 p.a. for the fixed rate option). |
| Split loanSplit loan | Variable rate? Fixed rate? Can’t decide? St George home loans have a split loan facility which means you won’t have to. Simply split your loan between a fixed and variable rate and take advantage of both. |
| Great accessGreat access | St George’s home loans give you great 24/7 access to your funds via a number of platforms including ATMs, EFTPOS, Internet, Mobile and Phone Banking and a Visa Debit card. |
At Mozo, we understand choosing the right home loan for you may be a little tricky. That’s why we’ve compiled hundreds of home loan reviews from St George customers to help make your big decision a little easier. You can see how St George home loans rated here.
High interest rates compared to other banks and very slow to reduce rates when the Reserve Bank does so.
High interest rates compared to other banks and very slow to reduce rates when the Reserve Bank does so.
Pam, Western Australia, reviewed 13 days ago
As first time home owners who didn’t know a lot about the home buying/loan process we went through a mortgage broker, who organised this loan for us. It was all very easy and seamless. The loan itself is exactly what the name says: basic. No...
As first time home owners who didn’t know a lot about the home buying/loan process we went through a mortgage broker, who organised this loan for us. It was all very easy and seamless. The loan itself is exactly what the name says: basic. No monthly fees and low rates, with no bells and whistles. Apparently you can make extra repayments and there’s a redraw facility but we haven’t been told how to do it - we’ll have to look into it. We contacted them recently with a question and it took 2 days for them to return our call. I assume this is due to COVID but that wasn’t great.
Melanie, New South Wales, reviewed 14 days ago
Great customer service and reliability. Always available to review home loan and other products and services.
Great customer service and reliability. Always available to review home loan and other products and services.
Christine, Western Australia, reviewed 14 days ago
All well and good to have a good Bank, but even better, when the staff are the stars! I've had to deal with two "St George Stars" in the past 2 years, firstly with a deceased estate, secondly, with information for my elderly...
All well and good to have a good Bank, but even better, when the staff are the stars! I've had to deal with two "St George Stars" in the past 2 years, firstly with a deceased estate, secondly, with information for my elderly parents. Patience, information and understanding were all deciding factors that made my experience easy and worry free. St. George staff, are by far, the friendliest and most informative people I have come across within the banking sector.
Liz, New South Wales, reviewed about 1 month ago
I've paid off two houses with St George and nearly finished paying off a third house. Never had any trouble with them.
I've paid off two houses with St George and nearly finished paying off a third house. Never had any trouble with them.
Trevor, New South Wales, reviewed about 2 months ago
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Putting in a little leg work can go a long way when it comes to applying for a home loan. Take a few minutes to check out our helpful guide on what documents you may need to apply for a home loan with St George.
Be aware you may need to supply other documentation depending on your individual circumstances:
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