What home loans does St. George offer?
St. George offers home loans for a wide range of borrowers, including loans for first home buyers, refinancers, investors etc.
St. George has four main home loan products:
- Standard Variable Rate Home Loan: A mortgage with flexible repayment options and a full interest offset account.
- Fixed-Rate Home Loan: A mortgage that allows you to lock in your rate for one to five years.
- Portfolio Home Loan: A flexible line of credit secured by your property, allowing you to borrow up to 90% of your property's value.
- Basic home loan: A "no-frills" mortgage with no monthly fees and a low interest rate
These loans come with principal and interest as well as interest-only payment options.
Compare St. George Mortgage Rates
Considering other lenders? Compare home loans with these low-rate offers for owner occupiers:
St. George home loan features
St. George's mortgages offer a variety of features and options which customers might find useful. These may include:
- Extra repayments: Ability to pay above your minimum repayment, helping you to pay off your mortgage faster.
- Flexible repayments: You can choose your repayment frequency to be weekly, fortnightly, or monthly.
- Full interest offset: Some loans come with a 100% offset account, which can save you interest.
- Redraw facility: Ability to withdraw extra payments made on your mortgage.
- Packages: The St.George Advantage Package loan lets you bundle products like credit cards and bank accounts into your mortgage with potentially discounted interest rates (package fees apply)
- Split loan: Ability to split your loan between a fixed and variable interest rate, combining the flexibility of a variable rate and with the security of a fixed rate.
- Pause repayments: You may be able to reduce or stop repayments for an approved period of time at their discretion.
- Family Pledge: Option to use a family member as a guarantor for your loan to help you avoid Lenders Mortgage Insurance (LMI)
- Rate lock: For a fee, customers can lock in an interest rate when applying for a fixed-rate mortgage to avoid rate rises before settlement.
See the terms and conditions for more information on these features.
How to apply for a St. George home loan
To qualify for a mortgage, you need to meet their eligibility requirements:
- You must be 18 years or over
- You must be an Australian or New Zealand permanent resident
- You are either married or de-facto (to each other) if you're making a joint application
When applying for a mortgage, you'll likely need the following documents:
- Personal ID, which can be your driver's license, Medicare card or passport.
- A statement of all your savings accounts covering the last three months
- Your last two consecutive payslips
- If you're self-employed, you may need copies of your personal income tax returns and financial statements for the past two years
- If you own a rental property, you may need a copy of the current tenancy agreement and recent bank statements indicating rent payments
- A letter from Centrelink (if applicable) detailing your current entitlements, and with a printout of direct credits which verifies receipt of Centrelink payments.
- Detail of your ongoing expenses
- Your current signed lease rental agreement
- Assets and liability documents
St. George Frequently asked questions
How long does it take for St. George to process my home loan application?
Generally, it can take several weeks for your home loan application to be fully processed and approved, as St. George needs to verify your identity, assess your finances and transfer security of the property.
Pre-approval usually takes less time than unconditional approval, and you should receive pre-approval within 24-48 hours once you have submitted all the required documentation, but speak to a St. George lending specialist for more information on your application.
How does St. George verify my identity?
St. George can verify your identity electronically or over the phone using the personal details you have provided in your application. You can also fill out a Customer Identification Verification form.
Why was my home loan application unsuccessful?
Your home loan application can be unsuccessful if you don't meet the eligibility criteria or haven't supplied all the documentation required for the process to move forward.