St.George Fixed Loan (Advantage Package)
Posted July 26th, 2010
and last modified January 31st, 2012
What happens when I click Enquire Now?
- Clicking Enquire Now will take you to the lender's website
- After completing the contact form, a mortgage expert will contact you
- The mortgage expert will ensure you find the right loan, calculate your repayments, and explains all the associated fees
- After going through the enquiry process you will be able to know how much you can borrow, begin your application when you are ready to apply and be approved for a home loan
Buying a new home is one of the most important investment decisions that you will ever make and you can sometimes get caught up in all the champagne popping and congratulations, so read on to find out about the pros and cons of having a St.George fixed advantage package home loan, to decide if it is the right product for you before you fork out for Moet.
Benefits Of The St.George Home Loan
- Fixed interest rate. The interest rate is fixed on a St.George fixed advantage package home loan this means that you get a fixed interest rates for a period of your choice between 1 to 5 years. Having the interest rate fixed means that you won’t have to worry about any changes in the interest rate so that you know your payments will be the same every time, at the end of the fixed rate period to get the choice of refixing or converting back to the standard variable home loan rate.
- St.George redraw facility. With a redraw facility you can get access to all the extra repayments that you might have made on your home loan up to $10,000 per year, this means that you can repay your home loan sooner and not have to worry about trying to find money if something unexpected pops up.
- Can be used to purchase vacant land. Unlike some home loans a St.George fixed advantage package home loan can be used to purchase vacant land this means that if you can’t find a house that you want then you can purchase vacant land and build the house of your dreams knowing that you’ve still got a fully featured home loan.
- You can suspend payments. You can reduce or even suspend your home loan repayments on a St.George fixed home loan, meaning that if something happens and you have a legitimate reason to not being able to work then you can apply to St.George to have your payments reduced to a amount that you can afford or stopped for a period for 3 to 12 months.
Benefits of the advantage package
The advantage package is a great way to home loan customers to be saved money by having a complete home loan and banking package that suits them.
- A 0.15% discount off the standard fixed rate. With the advantage with the advantage you get a discount of 0.15% or St.George’s standard fixed rate home, this is an important feature because obviously the lower the interest rate the less your repayments will be making it easier to make extra payments so that you can own your home sooner.
- Allows you to save on fees. The advantage package has an annual fee of $395 but it’s still very good value because it means that you’ll have no establishment fee which can be a saving of up to $700 and no monthly fee on your home as well as the reduced interest rate.
- Offset account. you get to have a 100% offset account with an advantage package, this means that any savings that you have in your link offset account will be used to reduce the amount of interest paid on your home loan helping you reduce your home loan balances as fast as possible.
- Personal banking. You also get a fee free transaction account and the choice of a credit card with no annual fee.
The St.George fixed rate advantage package home loan is available for owner occupiers who would like to invest in residential property with a value between $10,000 and one half million dollars. This fully featured home loan allows customers to choose a term between 1 to 30 years and can be structured to have repayments paid weekly fortnightly or monthly. To enquire about a St.George fixed advantage package home loan or to compare St.George to hundreds of other Australian home loan lenders you can view our home loan comparison table here.
Read the St.George Fixed Loan (Advantage Package) terms and conditions.
| Minimum Loan Amount | $150,000 | |
|---|---|---|
| Maximum Loan Amount | $1,500,000 | |
| Maximum LVR | 95% | |
| Maximum Insured LVR | 95% | |
| Mortgage Offset Account | No | |
| Loan Redraw Facility | No | |
| Split Loan Facility | No | |
| Fixed Interest Option | No |
| Interest Rate Type | Fixed | |
|---|---|---|
| Interest Rate | 6.29% | |
| Comparison Rate | 7.12% | |
| Repayment Type | Interest Only | |
| Repayment Frequency | Weekly | |
| Extra Repayments | No |
| Application Fee | $0 | |
|---|---|---|
| Legal Fee | $0 | |
| Valuation Fee | $0 | |
| Service Fee | $395 | |
| Settlement Fee | $100 | |
| Exit Fee | $250 |
Top Home Loans
| Home Loan | Details | Interest Rate (p.a.) | Comp Rate^ (p.a.) | App Fee / Ongoing Fee | Max LVR | Min & Max Borrowing | |
|---|---|---|---|---|---|---|---|
 Loans.com.au - Dream Catcher | A home loan offer with a $0 application fee and one of the lowest available home loan interest rates. | 5.85% | 6.21% | $0 / $375 | 80% | $50,000 / $750,000 |
 
|
 Bankwest Online Home Loan | A low interest rate home loan with a $0 application fee and ongoing maintenance fees. This offer is exclusively available by applying online. | 5.97% | 5.97% | $0 / $0 | 80% | $100,000 / $1,000,000 |
|
 State Custodians Mortgage Company Standard Variable Offset Loan | Awarded Mortgage of the Year 2012 – this multi-award winner features 100% offset and a loyalty 0.25% rate drop after 5 years. | 6.02% | 6.23% | $0 / $345 | 95% | $150,000 / $1,000,000 |
|
 Illawarra Home Loans Bank Beater Home Loan | A low variable rate, beaten down even further by 0.05% p.a. after 5 years. | 6.07% | 6.35% | $0 / $345 | 90% | $250,000 / $1,000,000 |
|
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