7.4 / 10

based on 9380 reviews as rated by Mozo community

St.George personal loans

St. George may have started as a building society in 1937 but today this personal loan provider is no small player. Because not only is St. George now a fully fledged bank, it also falls under the umbrella of big four bank Westpac. One of the biggest draw cards of taking out a loan with this major player is the abundance of choice when it comes to securedunsecured and line of credit loans. So read on as you’re bound to find one that speaks to you!

St.George offers the following personal loans

Rates and fees verified as correct at 26 November, 2020. Other information correct at the time of writing. Advertiser disclosure.

Product Interest rate from Comparison rate from Upfront fee
Secured Personal Loan (Fixed)

7.49% p.a.

8.60% p.a.based on $30,000
over 5 years

$195

Secured Personal Loan (Variable)

12.74% p.a.

13.81% p.a.based on $30,000
over 5 years

$195

Unsecured Personal Loan (Fixed)

11.49% p.a.to 17.40% p.a.

12.57% p.a.to 18.44% p.a.based on $30,000
over 5 years

$195

Unsecured Personal Loan (Variable)

12.99% p.a.to 18.90% p.a.

14.06% p.a.to 19.93% p.a.based on $30,000
over 5 years

$195

WARNING: 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 calculated based on a loan of $30,000 for a term of 5 years or a loan of $10,000 for a term of 3 years as indicated, based on monthly principal and interest repayments, on a secured basis for secured loans and an unsecured basis for unsecured loans. 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.

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.

What personal loans do St. George offer?

Secured personal loans:

Secured personal loans from St.George have two nifty advantages over the unsecured alternative. Firstly they have lower interest rates because they are tied to an asset such as a new or used car, and secondly they have a higher borrowing limit of up to $80,000. With these loans you can choose between two interest rate types - a fixed or variable rate. Which one you opt for will depend on your circumstances. Now, if you’re a creature of habit and like to know exactly what your future loan repayments will be, the fixed rate option might be ideal for you. But if you’re willing to part with the lower fixed interest rate for the flexibility of a redraw facility, extra repayments, no-break cost fees, and the possibility of a longer loan term of up to seven years, the variable rate could be your match. Just keep in mind the redraw facility comes with a fee attached each time you use it, and there’s a minimum redraw amount.

Unsecured personal loans:

On top of a secured personal loan option, St. George also offers the alternative of going for its unsecured personal loans. This means you’ll pay a higher interest rate for not binding the loan to an asset like a new or used car. You can use these loans for everything from consolidating debts or paying for that big ticket trip to Europe. St. George unsecured personal loans can range from $3,000 to $40,000 and have a loan term of one to seven years. Plus you can choose between either a fixed or variable interest rate - which rate you choose will depend on the features and benefits that work best for you. Let’s take a look at the fixed rate option first. While you can’t make extra repayments or use a redraw facility, one benefit is that the interest rate is slightly lower and is locked in for the term of the loan, meaning your ongoing repayments will always remain consistent. On the other hand, with the variable rate option the term can be longer. You can also make extra repayments and pay the loan off early without being hit by a break cost fee. Plus, it's redraw facility lets you dip into past repayments of a specified minimum amount. Just keep in mind you are charged a fee each time you do this.

Line of credit loan:

St George’s line of credit loan, dubbed the “Get Set Loan” provides you with a revolving line of credit facility to pay for things like tying the knot, renovating and travelling. Your Get Set personal loan with St. George can range anywhere from $5,000 to $50,000, and the best part is you only pay interest on what you owe.

One key difference to note between a Get Set personal loan and other St. George personal loans is that you can’t elect your repayments to be weekly, fortnightly or monthly. St. George will bill you depending on the status and circumstances of your loan, because it’s going to change according to how you use the revolving line of credit.

St. George personal loan features at a glance

How do you apply for a St. George personal loan?

To apply for a personal loan with St. George, it’s a quick and easy process. You just need to be an Australian citizen or resident and pop into a branch or file your details online to hear back during business hours.

Some things you’ll need to provide in your application include:


How are St.George personal loans rated?

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

Icon of personal-loans
St.George personal loans
Overall
6.8/10
Price
Features
Customer service
Convenience
Trust

462 Reviews

Recent St.George personal loan reviews

St.George Secured Personal Loan review
Overall 9/10
Excellent service.

It was an easy process and everything was organised well.

Read full review

It was an easy process and everything was organised well.

Price
9/10
Features
9/10
Customer service
9/10
Convenience
10/10
Trust
9/10
Less
Tanya, New South Wales reviewed 13 days ago
St.George Secured Personal Loan review
Overall 2/10
Not happy with this bank, not at all helpful.

Overall not happy, interest rate too high, would never use them again.

Read full review

Overall not happy, interest rate too high, would never use them again.

Price
4/10
Features
2/10
Customer service
2/10
Convenience
3/10
Trust
2/10
Less
Sandy, Queensland reviewed 19 days ago
St.George Personal Loan review
Overall 7/10
Great bank

I like this bank. Easy to make payments, great customer service when it comes to handling with complaints or disputes. Been a customer for 9 years. Only bad thing is high interest however my choice to take out a loan was right for me at that time.

Read full review

I like this bank. Easy to make payments, great customer service when it comes to handling with complaints or disputes. Been a customer for 9 years. Only bad thing is high interest however my choice to take out a loan was right for me at that time.

Price
5/10
Features
6/10
Customer service
9/10
Convenience
9/10
Trust
7/10
Less
Ruta, Queensland reviewed 2 months ago
St.George Secured Personal Loan review
Overall 8/10
Good experience with a minimal inconvinience

It’s a bit inconvinient for me as the main branch of St George is only located at Perth City.

Read full review

It’s a bit inconvinient for me as the main branch of St George is only located at Perth City.

Price
8/10
Features
8/10
Customer service
6/10
Convenience
5/10
Trust
7/10
Less
Gizzelene, Western Australia reviewed 4 months ago

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