St.George Secured Personal Loan

Mozo snapshot

St.George's secured personal loan offers up competitive variable and fixed rate options, with fixed rates starting as low as 8.49% (9.60% comparison rate*). You can borrow up to $80,000 with this loan, with a term of up to 7 years. Keep in mind that whether you choose the fixed or variable option will also affect what kind of features are available - you'll be able to make free extra repayments and redraws with the variable rate option, but not the fixed.

Key features

Need a fast turnaround? St.George personal loan online applications usually take around 15 minutes to complete and you can expect an answer within 60 seconds. So within 20 min you could have a personal loan anywhere between $3,000 to $80,000.

The St.George personal loan is available for a term between 1 to 7 years for variable rates and up to 5 years for fixed rates. Repayments can be timed to suit your payday, either weekly, fortnightly or monthly. Be sure to keep your repayments on time as there is a $15 late payment fee.

Other fees to lookout for with a St.George fixed secured personal loan are the $195 establishment fee and the $12 monthly service fee.

You can use your car as security for the loan as long as it's no older than 12 years from the time the loan is paid out. If you opt for the variable rate version, you can make free extra repayments and make use of the redraw facility, but remember that if you prefer the certainty of a fixed rate, you won't have access to these features. 

Another thing to remember is that early repayment penalties apply for both options, so be sure to choose a loan term that will see you pay off the loan within your budget at the quickest time possible.

Who is it good for

Anyone looking for a low rate personal loan from a major Australian lenders who's willing to offer their vehicle as collateral.

Any catches

No major catches, but just like most loans, you'll want to stick strictly to the repayment plan to avoid early repayment or late fee penalties.