From humble southern Sydney beginnings, in 1945 St George merged with the Cronulla District Co-operative Building Society growing to 38 branches. Over the next 50 years St George built a reputation as Australia's foremost building society, before achieving full banking status in July 1992.

In December 2008, St George merged with Westpac Banking Corporation becoming a member of the Westpac Group before retail and business banking distribution businesses formally became known as St George Bank. 

What home loans does St George offer?

St George offers principal and interest (P&I) and interest-only (IO) home loans for both owner-occupiers and investors.

In keeping it simple for customers, St George offers home loans under the options of:

  • Basic

  • Fixed

  • Standard Variable


Check out some of St George’s home loans for owner occupiers in the table below.

Lender

Variable
More details

St.George Bank – Basic Home Loan (Principal and Interest) (New Customer) (LVR < 70%)

    Variable
    More details

    St.George Bank – Basic Investment Loan (Principal and Interest) (New Customer) (LVR < 70%)

      Fixed
      More details

      St.George Bank – Advantage Package Fixed Rate Home Loan (Principal and Interest) 2 Years (LVR < 70%)

        Fixed
        More details

        St.George Bank – Advantage Package Fixed Rate Investment Loan (Principal and Interest) 2 Years (LVR < 70%)

          Variable
          More details

          St.George Bank – Basic Investment Loan (Principal and Interest) (New Customer) (LVR 70%-80%)

            Variable
            More details

            St.George Bank – Basic Investment Loan (Principal and Interest) (New Customer) (LVR 80%-90%)

              Important Information and Comparison Rate Warning

              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 be made on variables as selected and input by the user. Some products will be marked as promoted, featured or sponsored and may appear prominently in the tables regardless of their attributes. All products will list the LVR with the product and rate which are clearly published on the product provider’s website. 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. *The Comparison rate is based on a $150,000 loan over 25 years. Warning: this comparison rate is true only for this example and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Rates correct as of March 1, 2024. View disclaimer.


              Features of St George home loans

              $1 LMI for First Home Buyers

              As a special deal for first home buyers, St George offers to reduce the cost of LMI for those with a 15% deposit to only $1.

              Read more: St. George’s $1 LMI first home buyer offer

              Advantage Package

              For a $395 annual fee, the Advantage Package offering from St George provides customers with the option to combine home loans, credit cards and everyday accounts into one package. This package offers discounted interest rates alongside no establishment, monthly account or credit card fees.

              Extra repayments

              St George offers the ability to make extra repayments across Basic Variable and Standard Variable home loan options, helping you to pay off your mortgage faster. 

              Flexible repayments

              St George offers customers the option to choose home loan repayment frequency from weekly, fortnightly, or monthly payments.  

              Full interest offset

              The Standard Variable offering from St George provides customers with the opportunity to utilise a 100% offset account, which can help save customers thousands on interest. 

              Redraw facility

              St George offers the ability to withdraw extra payments made on your mortgage across Basic and Standard Variable home loans.

              Split loan

              St George offers the 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

              St George customers are offered the option of reducing or stopping repayments for an approved period of time at their discretion. 

              Family Pledge

              St George offers the ability 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. St George rate lock feature will hold the current fixed rate for up to 90 days after you have locked in the rate for a fee of 0.15% of the loan amount, minimum $500. Once the loan is approved, you will need to pay the fixed rate minus the lock-in fee before drawdown of the loan.

              Am I eligible for a St George home loan?

              Eligibility criteria

              Before you can apply for St George home loans, you must meet the following requirements:

              • You must be at least 18 years of age.

              • You must be an Australian resident.

              • You must be employed or earning a steady income.

              • You must have a good credit history.

              If you meet all the requirements, you can get started with your home loan application by completing a pre-approval application form online. You can also speak with a home loan lending specialist in a branch or call 13 33 30.

              Required documents

              To apply for a St George home loan you’ll probably need the following documents:

              • Personal identification including valid Drivers Licence, Australian Passport, Medicare Card, Birth Certificate.

              • Proof of income, such as your latest PAYG statement for the last three months.

              • If you’re self-employed, your last two years of tax returns and a notice of assessment from the ATO.

              • Proof of residence if you are a homeowner or a tenancy agreement if you are renting.

              • Asset and liability documents.

              • Proof of savings, term deposits, managed funds and any other income streams.

              How can I refinance with St George?

              Switching your home loan to St George can potentially save you thousands through a few simple FASTRefi steps:

              1. Apply 

              • Apply for your home loan as normal.

              • Your St George lender calculates your estimated payout: they'll let you know if you qualify for FASTRefi. 

              2. Sign your loan documents

              • Once you’ve returned your signed St George loan documents either online or through a branch and shown evidence of your current balance, relax – your work is done! 

              3. St.George will open your new loan

              • St George will send the funds electronically to your other lender, paying out your old loan – your St George loan is ready. 

              • You may be charged an additional settlement agent fee by your old lender (ANZ, CBA, Citibank, NAB and Westpac tend not to charge this fee).

              4. St George will settle your old loan

              • After settlement, St George will complete the recovery of your title and registration.

              • Any leftover buffer is refunded to you. Or if there's a shortfall, you'll need to cover it.

              Image by David Floyd via Pexels





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