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St.George Standard Variable Loan
Posted May 7th, 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
If you’ve been looking for the perfect house and have managed to find it now you should start looking for the home loan to match. It’s important when you are looking for a home loan that it suits your financial situation comfortably with because it’s normally one of the biggest decisions that you’re going to make. If a home loan with a flexible interest rate and a full set of features sounds like it may suit then you should consider the St.George variable rate home.
St.George Bank’s Loan Features
It’s important when you’re shopping for a home loan that you find one that offers you a good interest rate and a range of features to help you manage your loan more easily, listed below are some of the features that are available on a St.George variable interest rate home loan:
- A variable rate. Having a variable interest rate means that you are not locked in to a specific rate for a certain amount of time this means that you’re able to take advantage of any reductions in the official interest rate that may occur in the future, however it also means that the bank can increase the interest rate on your home loan. The current interest rate offered by St.George on their variable rate home loan is 7.04%
- Repayment pause. With a St.George variable home loan you have the option of having your home loan repayments reduced or paused for up to twelve months. This means that if you are unable to work for a legitimate reason then you can apply to St.George to have your repayments reduced to an amount that you are able to cover, or paused until you are able to return to work at you full wage.
- Repayment options. With a St.George variable rate home loan, get the option of being able to pay your mortgage repayments either weekly monthly or fortnightly this means that you’ll be able to pay your mortgage on a frequency that you feel comfortable with suits your financial situation.
- Making extra repayments. If you would like to make some extra repayments on your home loan because you been lucky enough to come into some extra money then you can do so on a St.George variable home loan without incurring any fees,, this means that you can reduce your home loan as fast as you can helping you increase your equity and wealth.
- What can this loan be used for? The St.George variable rate home loan can be used by any person who would like to purchase residential property to own or invest in up to a value of $10,000,000 (minimum value $10,000) and the borrower can borrow up to a maximum of 95% of the property’s value with mortgage insurance or up to 95% of the property’s value without mortgage insurance.
- Redraw facility. You get the option on a St.George variable rate home loan of being able to redraw the extra funds that you may have paid on your home loan. This means that you can work hard to pay off your home loan faster knowing that if some sort of emergency arises and you need to have access to those funds then you can. A $10.00 fee applies to each time you use the redraw facility and you will be require to give the bank 24 hours notice.
- Offset account. You can link a St.George variable rate home loan to offset account this means that if you have any savings they can be used to offset the interest that is applied to your home loan each month for example if you have a $100,000 home loan and $10,000 in your offset account then interest will only be applied to $90,000 of your home loan.
- Can be linked to an advantage package. A St.George variable rate home loan can be connected to St.George’s advantage package, this offers the home loan customer an all in one home loan package with great savings on interest rates and fees.
- Establishment or monthly fees. There is a once off establishment fee of $600 and a $10 monthly fee on a St.George variable interest rate home.
Read the St.George Standard Variable Loan terms and conditions.
| Minimum Loan Amount | $10,000 | |
|---|---|---|
| Maximum Loan Amount | $10,000,000 | |
| Maximum LVR | 95% | |
| Maximum Insured LVR | 95% | |
| Mortgage Offset Account | Yes | |
| Loan Redraw Facility | Yes | |
| Split Loan Facility | Yes | |
| Fixed Interest Option | No |
| Interest Rate Type | Variable | |
|---|---|---|
| Interest Rate | 7.04% | |
| Comparison Rate | 7.20% | |
| Repayment Type | Interest Only | |
| Repayment Frequency | Weekly | |
| Extra Repayments | Yes |
| Application Fee | $600 | |
|---|---|---|
| Service Fee | $10.00 | |
| Settlement Fee | $100 | |
| Exit Fee | $500 |
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 |
 
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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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