St. George Home Loans

Read on to compare some of St. George’s key home loan interest rates and the key features they have.

St.George was established in 1937 in South Sydney, achieving full banking status in 1992. In 2008 it became a part of the Westpac Banking Corporation alongside BankSA and Bank of Melbourne. St. George has served more than 2.6 million customers and offers a variety of financial products and services such as home loans, credit cardspersonal loanssavings accounts, superannuation, and more.

As of 2006, St. George surpassed $100 billion in assets under management. 

Read on to learn more about some of St. George’s key home loans and features.

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What home loans does St. George offer?

St. George offers home loans for a wide range of borrowers, including loans for first home buyersrefinancersinvestors 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

Lender
Advertised rate Comparison rate Monthly repayment Rate TypeOffsetRedrawOngoing FeeUpfront FeesLVRLump Sum RepaymentAdditional RepaymentsPre-approval
VariableMore details

Basic Home Loan (Principal and Interest) (New Customer) (LVR 60%-80%)

VariableMore details

Basic Investment Loan (Principal and Interest) (New Customer) (LVR 60%-80%)

Base criteria of: a $400,000 loan amount, variable, fixed, principal and interest (P&I) home loans with an LVR (loan-to-value) ratio of at least 80%. However, the ‘Compare Home Loans’ table allows for calculations to made on variables as selected and input by the user. All products will list the LVR with the product and rate which are clearly published on the Product Provider’s web site. Monthly repayments, once the base criteria are altered by the user, will be based on the selected products’ advertised rates and determined by the loan amount, repayment type, loan term and LVR as input by the user/you. *Comparison rate is based on a loan of $150,000 over a term of 25 years. Please note the comparison rate only applies to the examples given Rates correct as of October 18, 2021. View disclaimer.

Considering other lenders? Compare home loans with these low-rate offers for owner occupiers:

Lender
Advertised rate Comparison rate Monthly repayment Rate TypeOffsetRedrawOngoing FeeUpfront FeesLVRLump Sum RepaymentAdditional RepaymentsPre-approval
VariableMore details
LIMITED TIME OFFER

Smart Booster Home Loan Discounted Variable - 2yr (LVR < 80%)

  • Fast turnaround times, can meet 30-day settlement
  • For purchase and refinance, min 20% deposit
  • No ongoing or monthly fees, add offset for 0.10%
LIMITED TIME OFFER

Smart Booster Home Loan Discounted Variable - 2yr (LVR < 80%)

  • Fast turnaround times, can meet 30-day settlement
  • For purchase and refinance, min 20% deposit
  • No ongoing or monthly fees, add offset for 0.10%
FixedMore details
NO UPFRONT OR ONGOING FEES

Basic Home Loan Fixed (Principal and Interest) (LVR < 70%) 3 Years

NO UPFRONT OR ONGOING FEES
VariableMore details
100% FULL OFFSET ACCOUNTNO APPLICATION FEE OR ONGOING FEES

Low Rate Home Loan - Prime (Principal and Interest) (Owner Occupied) (LVR < 60%)

  • No upfront or ongoing fees
  • 100% full offset account
  • Extra repayments + redraw services
100% FULL OFFSET ACCOUNTNO APPLICATION FEE OR ONGOING FEES

Low Rate Home Loan - Prime (Principal and Interest) (Owner Occupied) (LVR < 60%)

  • No upfront or ongoing fees
  • 100% full offset account
  • Extra repayments + redraw services

Base criteria of: a $400,000 loan amount, variable, fixed, principal and interest (P&I) home loans with an LVR (loan-to-value) ratio of at least 80%. However, the ‘Compare Home Loans’ table allows for calculations to made on variables as selected and input by the user. All products will list the LVR with the product and rate which are clearly published on the Product Provider’s web site. Monthly repayments, once the base criteria are altered by the user, will be based on the selected products’ advertised rates and determined by the loan amount, repayment type, loan term and LVR as input by the user/you. Rates correct as of October 18, 2021. View disclaimer.

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 

Documents needed

 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.