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St.George Intro 1 Year Fixed Rate
Posted June 18th, 2010
and last modified March 23rd, 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
When buying your first home it can be difficult to choose the right home loan. The St.George Intro 1 Year Fixed Rate home loan gives you a special fixed rate introductory period to reduce costs during the first year. The main features are:
- The freedom to choose between a variable interest rate and a fixed interest rate. At the end of the introductory period, the interest rate converts to the Standard Variable Rate.
Features and Benefits of the Intro 1 Year Fixed Rate
If you are buying your first home and would like to take advantage of some great introductory specials the St.George Intro 1 Year Fixed Rate is the one for you. The St.George Intro 1 Year Fixed Rate offers the following features:
- You can increase the value of the loan. At times when you need more money you may wish to increase the loan amount. If your request is approved you can increase the value of the loan.
- You can redraw the extra payments you have made. If you come into a bit of extra money the St.George Intro 1 Year Fixed Rate loan allows you to make extra payments on the loan. In addition to this feature you can also request redraw these payments while on the variable rate. The flexibility of this feature allows you to obtain your money quickly when you need it.
- Interest offset facility. If you have savings and would like to pay off your loan quicker you can use our interest offset facility. While still having access to your savings, you can offset the balance of your Intro 1 Year Fixed Rate loan with these funds to reduce the interest charged.
- You can reduce or pause your home loan repayments. If you unexpectedly left the workforce on an extended leave and suddenly didn’t have the income to repay the loan, you can take advantage of this facility. This allows you to either reduce or pause your repayments for a period between 3 – 12 months so you can enjoy the extra money.
- You can borrow more money with a family pledge. If your parents would like to help you buy your home but don’t have the funds they can use the equity from their home to cover your deposit. Therefore, you can purchase a home without actually providing a deposit.
- You can fix the interest rate. If you would like to lock in an interest rate you can do so up for to 3 months before your settlement date. You may wish to do so if you suspect the interest rates will rise dramatically and will stay high for a while.
- Protect your deposit. The deposit bonds primary function is to secure you deposit. Instead of the deposit going on the loan it is kept in an account where it gathers interest and gains you money. If the deposit is not paid by the time of settlement, the bank will pay it.
- The all in one advantage package. The advantage package is a feature which allows you to take advantage of no administration fees, free credit card accounts and discounted interest rates.
Buying you first home can be a very stressful process. With the St.George Intro 1 Year Fixed Rate home loan you can relax a little knowing that you have a very good interest rate and that it is fixed for the year.
Read the St.George Intro 1 Year Fixed Rate terms and conditions.
| Minimum Loan Amount | $50,000 | |
|---|---|---|
| Maximum Loan Amount | $1,000,000 | |
| Maximum LVR | 95% | |
| Maximum Insured LVR | 95% | |
| Mortgage Offset Account | No | |
| Loan Redraw Facility | No | |
| Split Loan Facility | Yes | |
| Fixed Interest Option | No |
| Interest Rate Type | Fixed | |
|---|---|---|
| Interest Rate | 6.15% | |
| Comparison Rate | 7.44% | |
| Repayment Type | Principle & Interest | |
| Repayment Frequency | Weekly | |
| Extra Repayments | Yes |
| Application Fee | $0 | |
|---|---|---|
| Legal Fee | $0 | |
| Valuation Fee | $0 | |
| Service Fee | $395 | |
| Settlement Fee | $100 | |
| Exit Fee | $500 |
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| 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 |
 
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 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 |
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 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 |
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 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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