special
Get one of the lowest variable interest rates on the market and pay no application or ongoing feesGet one of the lowest variable interest rates on the market
2.88%
Variable
2.90%
Smart Home Loan
3.43%
Fixed - 2 years
5.17%
Pros
Cons
Maximum LVR 90% | Interest rate structure Fixed - 2 years |
Borrowing range $10k - $100m Calculate how much you can borrow | Total Repayments $447,300 |
Principal & interest | Interest only |
Loan term range 1 - 30 years | Offset account Partial offset account |
Extra repayments Unlimited extra repayments | Redraw facility Redraw fee: $10 |
Allows split interest | Suitable For Investors |
Applicable States ACT, NSW, NT, QLD, SA, TAS, VIC, WA | |
Estimated upfront fees $864 | Application fee $600 |
Settlement fee $100 | Valuation fee $164 |
Legal fee $0 | Ongoing fee $10 |
Discharge fee $350 | Property Type |
SMSF Trustee | Minimum SMSF Amount |
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 offer 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.
St. George Bank Home Loan Calculator
Interested in a St. George Bank home loan? RateCity has a suite of calculators that can show you what your repayments would be and how St. George Bank compares to its competitors. Simply plug in your borrowing amount below.
A fixed rate home loan is a loan where the interest rate is set for a certain amount of time, usually between one and 15 years. The advantage of a fixed rate is that you know exactly how much your repayments will be for the duration of the fixed term. There are some disadvantages to fixing that you need to be aware of. Some products won’t let you make extra repayments, or offer tools such as an offset account to help you reduce your interest, while others will charge a significant break fee if you decide to terminate the loan before the fixed period finishes.
A variable rate home loan is one where the interest rate can and will change over the course of your loan. The rate is determined by your lender, not the Reserve Bank of Australia, so while the cash rate might go down, your bank may decide not to follow suit, although they do broadly follow market conditions. One of the upsides of variable rates is that they are typically more flexible than their fixed rate counterparts which means that a lot of these products will let you make extra repayments and offer features such as offset accounts.
Split rates home loans
A split loan lets you fix a portion of your loan, and leave the remainder on a variable rate so you get a bet each way on fixed and variable rates. A split loan is a good option for someone who wants the peace of mind that regular repayments can provide but still wants to retain some of the additional features variable loans typically provide such as an offset account. Of course, with most things in life, split loans are still a trade-off. If the variable rate goes down, for example, the lower interest rates will only apply to the section that you didn’t fix.
