7.4 / 10

based on 9362 reviews as rated by Mozo community

St.George home loans

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.

What home loans do St.George offer?

Rates and fees verified as correct at 24 October, 2020. Other information correct at the time of writing. Advertiser disclosure.

Fixed Rate Home Loans

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.

Home loan repayments calculator

years

Product Fixed 3 year rate Comparison Rate* Service fee Upfront fee Monthly repayments ‡

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

2.99% p.a.

4.89% p.a.

$10.00 monthly

$700

3.04% p.a.

4.94% 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

Variable Rate Home Loans

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.

Home loan repayments calculator

years

Product Rate Comparison Rate* Service fee Upfront fee Monthly repayments ‡

4.57% p.a.

4.62% p.a.

$0.00

$600

2.79% p.a.

2.84% p.a.

$0.00

$600

4.52% p.a.

4.57% p.a.

$0.00

$600

4.47% p.a.

4.52% 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

5.10% 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

3.64% p.a.

3.69% p.a.

$0.00

$600

3.34% p.a.

3.39% 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

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

Fixed Package Home Loan

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.

Home loan repayments calculator

years

Product Fixed 3 year rate Comparison Rate* Service fee Upfront fee Monthly repayments ‡

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

2.84% p.a.

4.14% p.a.

$395.00 yearly

$100

2.89% p.a.

4.20% 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

Variable Package Home Loan

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.

Home loan repayments calculator

years

Product Rate Comparison Rate* Service fee Upfront fee Monthly repayments ‡

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

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

Line of Credit

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

*WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.

‡ 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.

St.George home loan features in a glance

Offset icon

Offset 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.

Home loan icon

Family 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.

Repayment Icon

Extra 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).

Image of coins

Split 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.

Image of coins

Great 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.

How are St.George home loans rated?

Mozo users have rated St.George home loan on price, features, convenience, trust and customer service so you can see what real Aussies have to say about their experiences.

Icon of home-loans
St.George home loans
Overall
7.0/10
Price
Features
Customer service
Convenience
Trust
1506 reviews

Recent St.George home loan reviews

St.George Standard Variable Home Loan review
Overall 1/10
Would not recommend St George.

The process has been anything but seamless, every step of the way there has been a problem that I have had to deal with and follow up with multiple phone calls and emails with little to no response most of the time. They have stuffed up every payment made to the builder so far. I had to pay extra on the day of settlement, 2 hours prior or my land wouldn't have settled and if it wasn't for the fact I was friends with my settlement agent I wouldn't have known there was an issue as my St.George banker's response to my settlement agent when advised of the short fall was "I have to go into a meeting", all because they couldn't get their calculations right to begin with. Then when it was discovered they owed me money it took constant following up to get the money back only to find they had done it as a loan advance and now I am paying interest on money that I shouldn't of had to part ways with in the first place. I would not recommend anyone to go with this bank when looking into house finance.

Read full review

The process has been anything but seamless, every step of the way there has been a problem that I have had to deal with and follow up with multiple phone calls and emails with little to no response most of the time. They have stuffed up every payment made to the builder so far. I had to pay extra on the day of settlement, 2 hours prior or my land wouldn't have settled and if it wasn't for the fact I was friends with my settlement agent I wouldn't have known there was an issue as my St.George banker's response to my settlement agent when advised of the short fall was "I have to go into a meeting", all because they couldn't get their calculations right to begin with. Then when it was discovered they owed me money it took constant following up to get the money back only to find they had done it as a loan advance and now I am paying interest on money that I shouldn't of had to part ways with in the first place. I would not recommend anyone to go with this bank when looking into house finance.

Price
4/10
Features
4/10
Customer service
1/10
Convenience
4/10
Trust
1/10
Less
Alicia, Western Australia reviewed about 1 month ago
St.George Basic Home Loan review
Overall 8/10
Great service.

I've paid off two home loans with St George and I've got 4 years to go on a third home loan and have no complaints with them.

Read full review

I've paid off two home loans with St George and I've got 4 years to go on a third home loan and have no complaints with them.

Price
8/10
Features
8/10
Customer service
8/10
Convenience
9/10
Trust
9/10
Less
Trevor, New South Wales reviewed about 2 months ago
St.George Variable Home Loan (Advantage Package) review
Overall 4/10
I know there are better deals out there.

High interest rates compared to other banks and very slow to reduce rates when the Reserve Bank does so.

Read full review

High interest rates compared to other banks and very slow to reduce rates when the Reserve Bank does so.

Price
6/10
Features
9/10
Customer service
6/10
Convenience
1/10
Trust
2/10
Less
Pam, Western Australia reviewed 3 months ago
St.George Basic Home Loan review
Overall 7/10
Good basic loan for first time home owners

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.

Read full review

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.

Price
7/10
Features
5/10
Customer service
5/10
Convenience
10/10
Trust
10/10
Less
Melanie, New South Wales reviewed 3 months ago
St.George Home Loan review
Overall 8/10
Personalized service

Great customer service and reliability. Always available to review home loan and other products and services.

Read full review

Great customer service and reliability. Always available to review home loan and other products and services.

Price
8/10
Features
8/10
Customer service
9/10
Convenience
6/10
Trust
9/10
Less
Christine, Western Australia reviewed 3 months ago

What do you need to apply for a St.George home loan?

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.

  • Savings account statements showing savings history
  • Income details including payslips detailing each component of income, gross and net income and your employer’s name if you’re a salaried employee. Applicants who are self-employed will need to provide copies of personal income tax returns and the most recent financial year’s assessment notice.

Be aware you may need to supply other documentation depending on your individual circumstances:

  • Letter from a Real Estate Agent indicating anticipated rental income if you’re purchasing a rental property. If you have a property already tenanted, St George Bank will require copies of the existing Residential Tenancy Agreement and recent bank statements showing payments.
  • Letter from Centrelink displaying current entitlements and statements to verify receipt of payments
  • Records of liabilities such as credit card and personal loan statements
  • Details of any extraordinary expenses (i.e. private school fees and maintenance payments)
  • First Home Owner Grant application
  • Copy of registered Strata Plan

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