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St.George Bank
In 1937, St.George was founded in Sydney’s southern suburbs. Since then, it has grown to become one of Australia’s largest banks. In December 2008, St.George merged with Westpac Banking Corporation and is now known as St.George Bank. St.George Bank offers its customers a wide range of home loan products, in addition to savings and transaction accounts, personal and car loans, credit cards and business banking.
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St.George Bank home loan repayment calculator
Your estimated mortgage repayments
at interest rate 2.49%
Total interest payable
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Pros and cons
- Large variety of home loans
- Package deals available to bundle other financial products together
- Comprehensive customer service offering
- Some loans offer discounted interest rates for new customers or package deals
- Fees and charges apply to loans
- Higher rates for some riskier customers
St.George Bank home loans rates
Advertised Rate 2.49% Variable | Total estimated upfront fees | Comparison Rate* 2.51% | Ongoing fee | Go to site | More details | |
Advertised Rate 2.54% Variable | Total estimated upfront fees | Comparison Rate* 2.56% | Ongoing fee | Go to site | More details | |
Advertised Rate 2.59% Variable | Total estimated upfront fees | Comparison Rate* 2.61% | Ongoing fee | Go to site | More details | |
Advertised Rate 2.94% Variable | Total estimated upfront fees | Comparison Rate* 2.96% | Ongoing fee | Go to site | More details | |
Advertised Rate 2.99% Variable | Total estimated upfront fees | Comparison Rate* 3.01% | Ongoing fee | Go to site | More details | |
Advertised Rate 3.04% Variable | Total estimated upfront fees | Comparison Rate* 3.06% | Ongoing fee | Go to site | More details | |
Product | Advertised Rate 3.09% Variable | Total estimated upfront fees | Comparison Rate* 3.11% | Ongoing fee | Go to site | More details |
Advertised Rate 1.89% Fixed - 4 years | Total estimated upfront fees | Comparison Rate* 3.16% | Ongoing fee | Go to site | More details | |
Product | Advertised Rate 3.14% Variable | Total estimated upfront fees | Comparison Rate* 3.16% | Ongoing fee | Go to site | More details |
Advertised Rate 3.14% Variable | Total estimated upfront fees | Comparison Rate* 3.16% | Ongoing fee | Go to site | More details | |
Advertised Rate 2.19% Fixed - 5 years | Total estimated upfront fees | Comparison Rate* 3.19% | Ongoing fee | Go to site | More details | |
Advertised Rate 1.94% Fixed - 4 years | Total estimated upfront fees | Comparison Rate* 3.21% | Ongoing fee | Go to site | More details | |
Advertised Rate 3.19% Variable | Total estimated upfront fees | Comparison Rate* 3.21% | Ongoing fee | Go to site | More details | |
Advertised Rate 1.99% Fixed - 4 years | Total estimated upfront fees | Comparison Rate* 3.26% | Ongoing fee | Go to site | More details | |
Advertised Rate 1.99% Fixed - 3 years | Total estimated upfront fees | Comparison Rate* 3.28% | Ongoing fee | Go to site | More details | |
Advertised Rate 2.29% Fixed - 5 years | Total estimated upfront fees | Comparison Rate* 3.29% | Ongoing fee | Go to site | More details | |
Advertised Rate 2.04% Fixed - 3 years | Total estimated upfront fees | Comparison Rate* 3.33% | Ongoing fee | Go to site | More details | |
Advertised Rate 1.99% Fixed - 2 years | Total estimated upfront fees | Comparison Rate* 3.37% | Ongoing fee | Go to site | More details | |
Advertised Rate 2.09% Fixed - 3 years | Total estimated upfront fees | Comparison Rate* 3.37% | Ongoing fee | Go to site | More details | |
Advertised Rate 2.04% Fixed - 2 years | Total estimated upfront fees | Comparison Rate* 3.41% | Ongoing fee | Go to site | More details | |
Advertised Rate 2.74% Fixed - 5 years | Total estimated upfront fees | Comparison Rate* 3.43% | Ongoing fee | Go to site | More details | |
Advertised Rate 1.99% Fixed - 1 year | Total estimated upfront fees | Comparison Rate* 3.46% | Ongoing fee | Go to site | More details | |
Advertised Rate 2.09% Fixed - 2 years | Total estimated upfront fees | Comparison Rate* 3.46% | Ongoing fee | Go to site | More details | |
Advertised Rate 2.04% Fixed - 1 year | Total estimated upfront fees | Comparison Rate* 3.51% | Ongoing fee | Go to site | More details | |
Advertised Rate 2.09% Fixed - 1 year | Total estimated upfront fees | Comparison Rate* 3.56% | Ongoing fee | Go to site | More details | |
Advertised Rate 3.14% Variable | Total estimated upfront fees | Comparison Rate* 3.57% | Ongoing fee | Go to site | More details | |
Advertised Rate 3.19% Variable | Total estimated upfront fees | Comparison Rate* 3.62% | Ongoing fee | Go to site | More details | |
Advertised Rate 3.24% Variable | Total estimated upfront fees | Comparison Rate* 3.67% | Ongoing fee | Go to site | More details | |
Advertised Rate 2.69% Fixed - 5 years | Total estimated upfront fees | Comparison Rate* 3.71% | Ongoing fee | Go to site | More details | |
Advertised Rate 2.74% Fixed - 5 years | Total estimated upfront fees | Comparison Rate* 3.76% | Ongoing fee | Go to site | More details | |
Product | Advertised Rate 2.34% Fixed - 5 years | Total estimated upfront fees | Comparison Rate* 3.78% | Ongoing fee | Go to site | More details |
Advertised Rate 2.39% Fixed - 3 years | Total estimated upfront fees | Comparison Rate* 3.78% | Ongoing fee | Go to site | More details | |
Advertised Rate 2.69% Fixed - 4 years | Total estimated upfront fees | Comparison Rate* 3.78% | Ongoing fee | Go to site | More details | |
Advertised Rate 2.79% Fixed - 5 years | Total estimated upfront fees | Comparison Rate* 3.80% | Ongoing fee | Go to site | More details | |
Advertised Rate 2.79% Fixed - 1 year | Total estimated upfront fees | Comparison Rate* 3.80% | Ongoing fee | Go to site | More details | |
Advertised Rate 2.44% Fixed - 3 years | Total estimated upfront fees | Comparison Rate* 3.82% | Ongoing fee | Go to site | More details | |
Product | Advertised Rate 2.04% Fixed - 4 years | Total estimated upfront fees | Comparison Rate* 3.83% | Ongoing fee | Go to site | More details |
Product | Advertised Rate 2.39% Fixed - 5 years | Total estimated upfront fees | Comparison Rate* 3.83% | Ongoing fee | Go to site | More details |
Advertised Rate 2.74% Fixed - 4 years | Total estimated upfront fees | Comparison Rate* 3.83% | Ongoing fee | Go to site | More details | |
Advertised Rate 2.49% Fixed - 3 years | Total estimated upfront fees | Comparison Rate* 3.87% | Ongoing fee | Go to site | More details | |
Advertised Rate 2.79% Fixed - 4 years | Total estimated upfront fees | Comparison Rate* 3.87% | Ongoing fee | Go to site | More details | |
Product | Advertised Rate 2.09% Fixed - 4 years | Total estimated upfront fees | Comparison Rate* 3.88% | Ongoing fee | Go to site | More details |
Advertised Rate 2.39% Fixed - 2 years | Total estimated upfront fees | Comparison Rate* 3.88% | Ongoing fee | Go to site | More details | |
Product | Advertised Rate 2.44% Fixed - 5 years | Total estimated upfront fees | Comparison Rate* 3.88% | Ongoing fee | Go to site | More details |
Product | Advertised Rate 2.14% Fixed - 4 years | Total estimated upfront fees | Comparison Rate* 3.93% | Ongoing fee | Go to site | More details |
Advertised Rate 2.44% Fixed - 2 years | Total estimated upfront fees | Comparison Rate* 3.93% | Ongoing fee | Go to site | More details | |
Advertised Rate 2.89% Fixed - 5 years | Total estimated upfront fees | Comparison Rate* 3.95% | Ongoing fee | Go to site | More details | |
Advertised Rate 2.49% Fixed - 2 years | Total estimated upfront fees | Comparison Rate* 3.97% | Ongoing fee | Go to site | More details | |
Advertised Rate 2.49% Fixed - 1 year | Total estimated upfront fees | Comparison Rate* 4.00% | Ongoing fee | Go to site | More details | |
Advertised Rate 2.94% Fixed - 5 years | Total estimated upfront fees | Comparison Rate* 4.00% | Ongoing fee | Go to site | More details | |
Product | Advertised Rate 2.14% Fixed - 3 years | Total estimated upfront fees | Comparison Rate* 4.03% | Ongoing fee | Go to site | More details |
Advertised Rate 2.59% Fixed - 3 years | Total estimated upfront fees | Comparison Rate* 4.03% | Ongoing fee | Go to site | More details | |
Advertised Rate 2.89% Fixed - 4 years | Total estimated upfront fees | Comparison Rate* 4.03% | Ongoing fee | Go to site | More details | |
Advertised Rate 2.54% Fixed - 1 year | Total estimated upfront fees | Comparison Rate* 4.05% | Ongoing fee | Go to site | More details | |
Advertised Rate 2.99% Fixed - 5 years | Total estimated upfront fees | Comparison Rate* 4.05% | Ongoing fee | Go to site | More details | |
Product | Advertised Rate 2.19% Fixed - 3 years | Total estimated upfront fees | Comparison Rate* 4.08% | Ongoing fee | Go to site | More details |
Advertised Rate 2.64% Fixed - 3 years | Total estimated upfront fees | Comparison Rate* 4.08% | Ongoing fee | Go to site | More details | |
Advertised Rate 2.94% Fixed - 4 years | Total estimated upfront fees | Comparison Rate* 4.08% | Ongoing fee | Go to site | More details | |
Advertised Rate 2.59% Fixed - 1 year | Total estimated upfront fees | Comparison Rate* 4.09% | Ongoing fee | Go to site | More details | |
Product | Advertised Rate 3.59% Fixed - 3 years | Total estimated upfront fees | Comparison Rate* 4.10% | Ongoing fee | Go to site | More details |
Product | Advertised Rate 3.59% Fixed - 2 years | Total estimated upfront fees | Comparison Rate* 4.11% | Ongoing fee | Go to site | More details |
Advertised Rate 2.99% Fixed - 4 years | Total estimated upfront fees | Comparison Rate* 4.12% | Ongoing fee | Go to site | More details | |
Product | Advertised Rate 3.59% Fixed - 1 year | Total estimated upfront fees | Comparison Rate* 4.12% | Ongoing fee | Go to site | More details |
Advertised Rate 3.70% Variable | Total estimated upfront fees | Comparison Rate* 4.12% | Ongoing fee | Go to site | More details | |
Product | Advertised Rate 2.24% Fixed - 3 years | Total estimated upfront fees | Comparison Rate* 4.13% | Ongoing fee | Go to site | More details |
Advertised Rate 2.69% Fixed - 3 years | Total estimated upfront fees | Comparison Rate* 4.13% | Ongoing fee | Go to site | More details | |
Advertised Rate 2.59% Fixed - 2 years | Total estimated upfront fees | Comparison Rate* 4.14% | Ongoing fee | Go to site | More details | |
Product | Advertised Rate 3.73% Variable | Total estimated upfront fees | Comparison Rate* 4.14% | Ongoing fee | Go to site | More details |
Product | Advertised Rate 3.64% Fixed - 3 years | Total estimated upfront fees | Comparison Rate* 4.15% | Ongoing fee | Go to site | More details |
Product | Advertised Rate 3.64% Fixed - 2 years | Total estimated upfront fees | Comparison Rate* 4.16% | Ongoing fee | Go to site | More details |
Advertised Rate 3.75% Variable | Total estimated upfront fees | Comparison Rate* 4.16% | Ongoing fee | Go to site | More details | |
Product | Advertised Rate 3.64% Fixed - 1 year | Total estimated upfront fees | Comparison Rate* 4.17% | Ongoing fee | Go to site | More details |
Advertised Rate 2.65% Fixed - 2 years | Total estimated upfront fees | Comparison Rate* 4.19% | Ongoing fee | Go to site | More details | |
Product | Advertised Rate 3.78% Variable | Total estimated upfront fees | Comparison Rate* 4.19% | Ongoing fee | Go to site | More details |
Product | Advertised Rate 2.14% Fixed - 2 years | Total estimated upfront fees | Comparison Rate* 4.21% | Ongoing fee | Go to site | More details |
Advertised Rate 3.80% Variable | Total estimated upfront fees | Comparison Rate* 4.21% | Ongoing fee | Go to site | More details | |
Advertised Rate 2.69% Fixed - 2 years | Total estimated upfront fees | Comparison Rate* 4.24% | Ongoing fee | Go to site | More details | |
Product | Advertised Rate 3.83% Variable | Total estimated upfront fees | Comparison Rate* 4.24% | Ongoing fee | Go to site | More details |
Product | Advertised Rate 4.04% Fixed - 4 years | Total estimated upfront fees | Comparison Rate* 4.24% | Ongoing fee | Go to site | More details |
Product | Advertised Rate 2.19% Fixed - 2 years | Total estimated upfront fees | Comparison Rate* 4.26% | Ongoing fee | Go to site | More details |
Product | Advertised Rate 4.04% Fixed - 5 years | Total estimated upfront fees | Comparison Rate* 4.26% | Ongoing fee | Go to site | More details |
Advertised Rate 2.69% Fixed - 1 year | Total estimated upfront fees | Comparison Rate* 4.27% | Ongoing fee | Go to site | More details | |
Product | Advertised Rate 4.09% Fixed - 4 years | Total estimated upfront fees | Comparison Rate* 4.29% | Ongoing fee | Go to site | More details |
Product | Advertised Rate 2.84% Fixed - 5 years | Total estimated upfront fees | Comparison Rate* 4.30% | Ongoing fee | Go to site | More details |
Product | Advertised Rate 2.24% Fixed - 2 years | Total estimated upfront fees | Comparison Rate* 4.31% | Ongoing fee | Go to site | More details |
Product | Advertised Rate 4.09% Fixed - 5 years | Total estimated upfront fees | Comparison Rate* 4.31% | Ongoing fee | Go to site | More details |
Advertised Rate 2.74% Fixed - 1 year | Total estimated upfront fees | Comparison Rate* 4.32% | Ongoing fee | Go to site | More details | |
Product | Advertised Rate 2.89% Fixed - 5 years | Total estimated upfront fees | Comparison Rate* 4.35% | Ongoing fee | Go to site | More details |
Product | Advertised Rate 2.94% Fixed - 5 years | Total estimated upfront fees | Comparison Rate* 4.40% | Ongoing fee | Go to site | More details |
Advertised Rate 3.99% Variable | Total estimated upfront fees | Comparison Rate* 4.40% | Ongoing fee | Go to site | More details | |
Product | Advertised Rate 2.14% Fixed - 1 year | Total estimated upfront fees | Comparison Rate* 4.41% | Ongoing fee | Go to site | More details |
Product | Advertised Rate 2.99% Fixed - 5 years | Total estimated upfront fees | Comparison Rate* 4.44% | Ongoing fee | Go to site | More details |
Product | Advertised Rate 2.84% Fixed - 4 years | Total estimated upfront fees | Comparison Rate* 4.45% | Ongoing fee | Go to site | More details |
Advertised Rate 4.04% Variable | Total estimated upfront fees | Comparison Rate* 4.45% | Ongoing fee | Go to site | More details | |
Product | Advertised Rate 2.19% Fixed - 1 year | Total estimated upfront fees | Comparison Rate* 4.46% | Ongoing fee | Go to site | More details |
Product | Advertised Rate 2.89% Fixed - 4 years | Total estimated upfront fees | Comparison Rate* 4.50% | Ongoing fee | Go to site | More details |
Advertised Rate 4.09% Variable | Total estimated upfront fees | Comparison Rate* 4.50% | Ongoing fee | Go to site | More details | |
Product | Advertised Rate 2.24% Fixed - 1 year | Total estimated upfront fees | Comparison Rate* 4.51% | Ongoing fee | Go to site | More details |
Product | Advertised Rate 2.54% Fixed - 3 years | Total estimated upfront fees | Comparison Rate* 4.53% | Ongoing fee | Go to site | More details |
Product | Advertised Rate 3.04% Fixed - 5 years | Total estimated upfront fees | Comparison Rate* 4.54% | Ongoing fee | Go to site | More details |
St.George Bank customer service
Home Loan customers can contact St. George Bank by phone, by popping into a branch, by submitting an online enquiry form or chatting to a customer support staff member via online chat.
✓ Customer service centre (phone)
✓ Mobile app
✓ Online banking
✓ Live Chat
✓ Branch
✓ Mobile banking staff
How to apply for a St George home loan
You can apply for a home loan from St.George by calling the bank, applying online, or visiting a branch.
Before applying for a home loan, it’s important to calculate how much you can realistically afford to borrow and comfortably repay in your current financial situation.
You will also need to provide documentation when applying for a home loan, including:
- Identification that includes the name and contact details of each borrower.
- Details of your current income and expenses.
- Records of any current assets or liabilities.
St.George home loans review
St.George is part of the Westpac banking group, and is able to offer a wide range of home loan options to different customers. Fixed and variable rate home loans are available for owner occupiers and investors, including first home buyers and refinancers. A building loan is also available for borrowers looking for money to help them build a property, and a portfolio loan offers a line of credit.
St.George’s lowest interest rates tend to be for owner occupiers with low LVRs, especially if they choose to package their home loan with other St.George Bank financial products. Variable and fixed interest rates are available, with the option to fix for up to five years. Split interest rates are also available on some St.George home loans.
Several of St.George Bank’s home loans charge upfront and ongoing fees, which could affect its overall cost. Some charge a monthly account keeping fee, while bundled home loan charge a higher annual package fee.
Extra repayments and redraws are available on St.George home loans. Full and partial offset accounts are also available with some mortgage options. And borrowers with low deposits may be able to get a guarantor in their family to help secure their loan with their own property.
Learn more about home loans
How to apply for a home loan pre-approval from St. George?
By applying for a home loan pre-approval, you can establish how much you can afford to borrow and look for houses within that pre-approved budget. Getting home loan pre-approval from St. George is a fairly simple process that can be completed within 15 minutes.
The first step in this process is completing a home loan application. Once that application is submitted, a home loan expert from St. George will contact you to understand your requirements and your current financial position. You could also directly contact a home loan expert at the bank by calling 13 33 30 or by visiting your nearest branch.
Once the application has been processed, the home loan expert will ask for some basic documentation to confirm your borrowing capacity. After this, you should be issued a home loan pre-approval, subject to certain conditions.
Based on your home loan pre-approval from St. George, you can then find a property and make an offer. Your home loan expert will arrange to have the property valued and may request for more documentation, taking your home loan application to the next step.
How do I apply for a home improvement loan?
When you want to renovate your home, you may need to take out a loan to cover the costs. You could apply for a home improvement loan, which is a personal loan that you use to cover the costs of your home renovations. There is no difference between applying for this type of home improvement loan and applying for a standard personal loan. It would be best to check and compare the features, fees and details of the loan before applying.
Besides taking out a home improvement loan, you could also:
- Use the equity in your house: Equity is the difference between your property’s value and the amount you still owe on your home loan. You may be able to access this equity by refinancing your home loan and then using it to finance your home improvement. Speak with your lender or a mortgage broker about accessing your equity.
- Utilise the redraw facility of your home loan: Check whether the existing home loan has a redraw facility. A redraw facility allows you to access additional funds you’ve repaid into your home loan. Some lenders offer this on variable rate home loans but not on fixed. If this option is available to you, contact your lender to discuss how to access it.
- Apply for a construction loan: A construction loan is typically used when constructing a new property but can also be used as a home renovation loan. You may find that a construction loan is a suitable option as it enables you to draw funds as your renovation project progresses. You can compare construction home loans online or speak to a mortgage broker about taking out such a loan.
- Look into government grants: Check whether there are any government grants offered when you need the funds and whether you qualify. Initiatives like the HomeBuilder Grant were offered by the Federal Government for a limited period until April 2021. They could help fund your renovations either in full or just partially.
How do I apply for Westpac’s first home buyer loan?
If you’re a first home buyer looking to apply for a home loan with Westpac, they offer an online home loan application. They suggest the application can be completed in about 20 minutes. Based on the information you provide, Westpac will advise you the amount you can borrow and the costs associated with any possible home loan.
You can use Westpac’s online mortgage calculators to estimate your borrowing power. You can also work out the time it might take to save up for the deposit, and the size of your home loan repayments.
When applying for a home loan with Westpac, you’re assigned a home finance manager who can address your concerns and provide information. The manager will also offer guidance on any government grants you may be eligible for.
How to apply for a pre-approval home loan from Bendigo Bank?
Applying for pre-approval on your home loan gives you confidence in your ability to secure finance while looking at potential new homes. You can get a free and personalised pre-approval home loan from Bendigo Bank in just a few minutes, without any credit checks or paperwork.
Bendigo Bank offers pre-approval for home loans that allow you to understand the home loan size you may be able to get before looking for a new home.
With the pre-approval, Bendigo Bank provides an estimate of your borrowing power. This figure incorporates stamp duty, lenders mortgage insurance (LMI) and any first home buyer incentives you may be eligible for. You may also qualify for the First Home Loan Deposit Scheme initiative, depending on your circumstances.
To apply for a pre-approval on your home loan from Bendigo Bank, all you need to do is fill in a smart form. You could also contact the bank directly on 1300 236 344.
Can first home buyers apply for an ING home loan?
First home buyers can apply for an ING home loan, but first, they need to select the most suitable home loan product and calculate the initial deposit on their home loan.
First-time buyers can also use ING’s online tool to estimate the amount they can borrow. ING offers home loan applicants a free property report to look up property value estimates.
First home loan applicants struggling to understand the terms used may consider looking up ING’s first home buyer guide. Once the home buyer is ready to apply for the loan, they can complete an online application or call ING at 1800 100 258 during regular business hours.
Can I get a NAB home loan on casual employment?
While many lenders consider casual employees as high-risk borrowers because of their fluctuating incomes, there are a few specialist lenders, such as NAB, which may provide home loans to individuals employed on a casual basis. A NAB home loan for casual employment is essentially a low doc home loan specifically designed to help casually employed individuals who may be unable to provide standard financial documents. However, since such loans are deemed high risk compared to regular home loans, you could be charged higher rates and receive lower maximum LVRs (Loan to Value Ratio, which is the loan amount you can borrow against the value of the property).
While applying for a home loan as a casual employee, you will likely be asked to demonstrate that you've been working steadily and might need to provide group certificates for the last two years. It is at the lender’s discretion to pick either of the two group certificates and consider that to be your income. If you’ve not had the same job for several years, providing proof of income could be a bit of a challenge for you. In this scenario, some lenders may rely on your year to date (YTD) income, and instead calculate your yearly income from that.
How can I get ANZ home loan pre-approval?
Shopping for a new home is an exciting experience and getting a pre-approval on the loan may give you the peace of mind that you are looking at properties within your budget.
At the time of applying for the ANZ Bank home loan pre-approval, you will be required to provide proof of employment and income, along with records of your savings and debts.
An ANZ home loan pre-approval time frame is usually up to three months. However, being pre-approved doesn’t necessarily mean you will get your home loan. Other factors could lead to your home loan application being rejected, even with a prior pre-approval. Some factors include the property evaluation not meeting the bank’s criteria or a change in your financial circumstances.
You can make an application for ANZ home loan pre-approval online or call on 1800100641 Mon-Fri 8.00 am to 8.00 pm (AEST).
Can I apply for an ANZ non-resident home loan?
You may be eligible to apply for an ANZ non-resident home loan only if you meet the following two conditions:
- You hold a Temporary Skill Shortage (TSS) visa or its predecessor, the Temporary Skilled Work (subclass 457) visa.
- Your job is included in the Australian government’s Medium and Long Term Strategic Skills List.
However, non-resident home loan applications may need Foreign Investment Review Board (FIRB) approval in addition to meeting ANZ’s Mortgage Credit Requirements. Also, they may not be eligible for loans that require paying for Lender’s Mortgage Insurance (LMI). As a result, you may not be able to borrow more than 80 per cent of your home’s value. However, you can apply as a co-borrower with your spouse if they are a citizen of either Australia or New Zealand, or are a permanent resident.
What are the NAB term deposit interest rates for businesses?
If you’re looking to lock in a return on your business savings, one option is a business term deposit with NAB. The big four bank provides competitive interest rates while giving you the flexibility to choose the term. NAB offers business term deposit interest rates for investments of between $5,000 to $499,999.
NAB doesn’t charge any monthly account or application fees. The interest is calculated daily and for the 90-day term and six months term, you will get paid when the deposit matures. For the 12 months term, you can either choose to get paid monthly, quarterly, half-yearly or annually.
If you wish to withdraw your funds before the deposit matures, you need to give NAB 31 days notice. However, they do make exceptions if you’re experiencing hardship and need the funds immediately. Either way, you may have to bear the prepayment cost, which you can learn more about in the Terms and Conditions.
How do I get a pre-approved home loan with Aussie?
Getting Aussie home loan pre-approval means receiving conditional support from Aussie Home Loans to borrow the money you need to buy a home.
It’s an indication of the approximate amount Aussie may offer you, subject to some terms and conditions. Keep in mind, having a pre-approved home loan does not guarantee an actual approval of your loan when it comes time to buy.
Aussie home loan pre-approval often involves speaking to one of the lender’s brokers. You can make an appointment online. You’ll often have to submit your personal details and other information about your assets, income, liabilities and expenses. It’s worth remembering that a pre-approved loan is usually valid for a few months.
How can I apply for a first home buyers loan with Commonwealth Bank?
Getting a home loan requires planning and research. If you are considering a home loan with the Commonwealth Bank, you can find the information you need in the buying your first home section of the bank’s website.
You can see the steps you should take before applying for the loan and use the calculators to work out how much you can borrow, what your monthly repayments would be and the upfront costs you’d likely pay.
You can also book a time with a Commonwealth first home loan specialist by calling 13 2221.
CommBank publishes a property report that may help you understand the real estate market. The bank has also created a CommBank Property App that you can use to search for property. The link to download this app is available on the same webpage.
If you are eligible for the First Home Loan Deposit Scheme, CommBank will help you process your application. The scheme helps first home buyers to purchase a home with a low deposit. You can read details about this scheme here and speak with a CommBank home lending specialist to understand your options.
How long does Bankwest take to approve home loans?
Full approval for a home loan usually involves a property valuation, which, Bankwest suggests, can take “a week or two”. As a result, getting your home loan approved may take longer. However, you may get full approval within this time if you applied for and received conditional approval, sometimes called a pre-approval, from Bankwest before finalising the home you want to buy.
Another way of speeding up approvals can be by completing, signing, and submitting your home loan application digitally. Essentially, you give the bank or your mortgage broker a copy of your home’s sale contract and then complete the rest of the steps online. Bankwest has claimed this cuts the approval time to less than four days, although this may only happen if your income and credit history can be verified easily, or if your home’s valuation doesn’t take time.
Does UBank offer home loan pre-approvals?
If you’re applying for a home loan with UBank, you can first get an approval in principle. You’ll need to provide information about your job and earnings, your household expenses, the assets you own and the debts you owe.
UBank will assign a home loan specialist to discuss these details over a phone call, which can take about 30 minutes.
The bank will then confirm if you’ve received in-principle approval for your home loan. Depending on how you submit your documents, this could take a few days or a few weeks. If successful, the approval will be valid for 60 days.
Where can I get all the information about an ANZ first home buyer’s loan?
As a first home buyer, you may require help and hand-holding, and as such ANZ has the buying your first home section on its website full of important information. ANZ also has a form in this section you can fill out to get a free consultation from an ANZ First Home Coach and create your own plan for buying your first home. This coach will help you understand where your current income is being spent and plan for your home loan repayments. You’ll get a clear picture of the costs involved in purchasing a property and how to budget or save for these costs. The coach will help you understand different deposit options and manage your accounts to enhance your savings.
There are three types of ANZ first home loans - Standard Variable, Fixed, and Equity Manager. The features, interest rates, and terms for each are different, and you can compare them here.
When they apply for an ANZ home loan, first home buyers can also get guidance on applying for the First Home Owner Grant (FHOG). This is a one-off government grant that may be available to you when you’re buying your first home. The eligibility criteria for FHOG differs between the different states and territories, which is why it’s helpful to have expert advice when applying.
What is the average length of a home loan?
Most Aussie lenders offer home loans with a 30-year term, meaning that you should pay back the full loan amount and the interest you owe on the amount in 30 years.
However, home loans can also have a shorter or longer term. They may be as low as ten years or up to 45 years, depending on the product and lender.
It’s worth remembering that a longer loan term usually means you’ll end up paying a lot more interest in total, but your scheduled repayments may be more manageable. In contrast, you could opt for a shorter loan term if you are comfortable making large repayments in exchange for paying less interest over the term of the loan.