St.George Introductory Variable Rate Loan

Save more than $10,000 over 4 years on a new home loan! (conditions apply)

The offer includes:

• Up to 0.80% p.a. off the standard variable rate on the home loan every year thereafter
• $700 towards switching costs

In addition to the discounted standard variable rates included with this offer, St.George Advantage Package customers can also enjoy additional benefits included with the offer, such as:

• 10% off the cost of combined home and contents insurance (plus an additional 5% off for St.George Advantage Package customers)
• No annual fee on selected credit cards
• No account keeping fee on a ‘Complete Freedom Transaction Account’
• No monthly loan administration fee – saving you an additional $14 per month
• Option of a 100% interest offset facility, helping you to minimise your interest repayments

With the family home accounting for 80% of the average Australian family’s wealth it’s normally the biggest financial decision that most Australians will make, therefore it’s important that home loan customers take advantage of the best rates and deals available to them from the different banks and financial institutions. The St.George introductory home loan is a great way to start out moving into your new home because you get a lower rate in the first year making it easier to manage your finances of the first year as you get settled in.

Features Of The St.George Bank One Year Discounted Variable Rate Home Loan

The St.George introductory home loan is so packed full of features that it gives the home owner more freedom to manage their finances than with other loans with less features. Some of these features are as follows:

• The St.George introductory home loan can be used for building. This means that if you can’t find an existing house that really suits, then you can still use this loan for buying a perfect block of land while you work out who is going to build the house of your dreams.
• It easy to make repayments. Payments can be made to your St.George introductory home either weekly fortnightly or monthly depending on what suits your individual situation you can also have your payments automatically deducted from a bank account of your choosing.
• A lower rate for one year. As the name suggests St.George will give you a discount on the standard variable home loan rate bringing it down for one year making it easier for you to manage your finances and cover any expenses that are associated with buying a new home such as stand duty payments or moving costs. After one year the interest rate will return back to the standard variable home loan rate.

Benefits of a St.George Bank One Year Discounted Variable Rate Home Loan

Introductory rate home loan such as this one offered by St.George gives the home loan customer many benefits that can be called upon by the customer as they see fit to use them.

• St.George Introductory rate home loans have a redraw facility. This means that if any unforeseen expense comes along and you don’t have the extra funds available then you can redraw against extra payments that you have made on your home loan. The redraw feature of this home loan it easy done via Internet banking and a $10 fee applies to each time you redraw you will be require to give the bank 24 hours notice.
• The option to increase your loan. This option allows you to increase the amount of money you borrow against your house as you gain more equity in the property, you can then use this money to buy a car go on holiday or renovate your home.
• Can reduce or pause your payments. If for a legitimate reason you or your spouse find yourselves in a position where you are unable to work and can’t meet your home loan payments then you can apply to St.George to have the your repayments reduced or stoped for a period between 3 to 12 months(a fee will apply to this request).

The introductory variable rate home loan from St.George can also be linked to a 100% offset account or an advantage package, also because there is no establishment or monthly fees this is home alone is sure to appeal to most people with its low fees and many features.

Read the St.George Intro 1 Year Discount Variable Rate terms and conditions.

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