Table of Content
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But if your lender starts lowering rates you won't benefit either. Refinancing a fixed rate loan means breaking the loan, because you've agreed to a specific rate. This means you may have to pay a fixed rate break fee. Eligible refinancers switching to St.George can get a $4,000 cashback.
St.George home loan features
St.George's Variable Home Loan is available to owner occupiers and investors on home loans starting from $150,000. You’ll get all the same great features as with the fixed rate alternative, with the added flexibility in terms of repayments. With the variable rate package, you will enjoy unlimited extra repayments , redraws and the full use of an offset account to help you pay off your home loan as soon as possible.

Hit the "Load more" button to compare a bigger selection of products. You can also find more information on each product by clicking "more info". A Salt Lake City native, Shilo has nearly a decade of experience in the mortgage industry and currently holds his professional license with Vintage Lending.
Lock in a fixed rate
It has a variable interest rate and can be used to purchase vacant land, but it cannot be used as a construction loan. 2 Upfront fees and other fees and charges may apply. A home loan with a lower variable interest rate1, useful for anyone who doesn’t want to pay for features they won’t use. May not be taken into account if you apply for a loan with us as we will make our own calculations. When assessing ability to service a loan, St.George may use an interest rate that is higher than the current interest rate for the loan requested. 6Upfront fees and other fees and charges may apply.
Your repayment changes each month depending on the interest charged to your loan. If you’ve set up a direct debit for your home loan repayments, this will continue to be automatically updated to meet your Interest Only repayment. With principal and interest repayments, each repayment pays off both the amount borrowed (the ‘principal’) and the interest. While with interest only repayments, each payment only covers the interest owing on the loan, so none of the principal will be paid off.
Calculators & rates
Our lowest variable home loan rate, with redraw and no ongoing fees. The cashback will be paid into a St.George transaction account within 60 days of settlement. The transaction account must be in the same name as the home loan account and linked to the home loan at the time of settlement. This account must be kept open for 60 days after settlement. Choose to pay interest in advance on investment loans and get 0.2% p.a. Off the fixed interest rate for the interest in advance period2.
With the Rate Lock feature, you can lock in the current fixed interest rate. This way, for a fee, you are protected from the possibility of rising interest rates. If the current rate falls below your 'locked in’ rate on your settlement date, you'll be given the lower rate. As mentioned before fixed rate loans will generally require you to pay a higher rate of interest.
Home Loan Repayment Calculator
Use our repayments calculator to work out how much more your repayments may cost as interest rates rise. You could change your variable St.George home loan to a fixed home loan, with no switching fee. Finder.com.au is one of Australia's leading comparison websites. We compare from a wide set of banks, insurers and product issuers. We value our editorial independence and follow editorial guidelines. Home loan pre-approval is an optional step in the application process that some lenders offer.
LVR is the amount of your loan compared to the Bank’s valuation of your property offered to secure your loan expressed as a percentage. Home loan rates for new loans are set based on the initial LVR and won’t change during the life of the loan as the LVR changes. A $395 annual package fee applies and is payable from a St.George Complete Freedom transaction account. Before deciding to open a St.George Complete Freedom account, read theTerms & Conditions, and consider if the account’s right for you. Variable rate home loans have an interest rate that can fluctuate; it can go both up and down and this can affect your repayments. Please note that the information published on our site should not be construed as personal advice and does not consider your personal needs and circumstances.
You can choose to make monthly repayments on your principal and interest amount or only on interest, and you can make these payments weekly, fortnightly or monthly. The Fixed Home Loan from St. George is available with home loans starting from $150,000. There is also a partial offset account to help reduce your interest payments over the term of the loan. In return for an annual fee, you’ll be able to enjoy exclusive package offers such as various interest rate discounts and waived fees on your home loan, credit card and transaction account. St George has a variety of mortgage products for those purchasing a home or an investment in property.

The interest rates offered with the St.George Fixed Rate Home Loan are listed in the table above. Loan approval is subject to credit approval and program guidelines. Not all loan programs are available in all states for all loan amounts.
He enjoys helping people understand the ins and outs of mortgages so they can make smarter property decisions. Richard trained as a high school teacher but found it easier to manage personal finances than a classroom full of kids. Before joining Finder, he edited textbooks and taught English in South Korea. If you’re looking to buy a new house and don’t want to pay for features you may not use, you might want to consider the St.George Basic Home Loan. It offers a low variable interest rate with no ongoing fees.

Talk to yourSt George mortgage brokerwho has his pulse on interest rates right now. I think people should understand global factors as well as national factors as they relate to the stock and bond market. Of particular importance then will be with how interest rates can, are and will be impacted and affected. Only pay interest on the money you draw down as each construction stage is completed. Available on our Standard Variable Rate home loan.
Its product range includes discounted package home loans , its standard variable loan, no frills basic home loans, home equity type loans and fixed rate home loans ranging from 1 to 5 years. In addition it also offers a low doc home loan for business owners and self employed as well as relocation home loans, building home loans and reverse mortgages. There is a monthly service fee to consider though, as well as a number of one-off fees.
