St.George Super Fund Home Loan
Posted May 21st, 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
If you happen to have your own self managed super fund or are thinking of creating one then you can now benefit from some of the superfund home loans available from St.George. These superfund home loans give people who are running their own super fund the chance to diversify their portfolio by being able to invest in residential property; having a diverse portfolio means that the superfund won’t have to rely on just one form of growth.
The St.George bank superfund home loan has the following features:
- Can have a partial or 100% offset account.
- Allows extra repayments to be made.
- Gives you a choice of payment frequency.
The St.George Superfund Home Loan Features
For people who do run their own super fund and are interested in purchasing an investment property here is some information about the St.George superfund home loan to help you make a decision on whether or not this is the correct type of loan for your superfund:
- Variable rate. The St.George superfund home loan has a variable rate, this means that the interest rate on the home loan can be changed by the bank. Variable rate home loans often have a rate which is cheaper than the banks fixed rate home loans this is because the banks will often factor in interest rate fluctuations in the future. If you like the sound of this loan but would prefer a fixed rate than St.George offer a fixed rate superfund home loan here.
- Offset account. The superfund home loan has the option of having either a 100% or partial percentage offset account, this means that any savings that the superfund may have in another account can be used to offset either all or part of the interest being paid on the home this can be a great option super funds that have large savings.
- You can make extra repayments. You have the option of being able to make extra repayments on your home loan up to the amount of $10,000 per year with a St.George super fund home loan. Being able to make these extra repayments is a great way of reducing the total amount to be paid in interest and the length of your loan.
- Several payment options. You can have either weekly fortnightly or monthly repayments on your St.George superfund home loan this means that you’re able to structure the repayment of your home loan in a way that best suits your super fund’s financial situation.
- Establishment and monthly fees. A $1500 establishment fee applies to the St.George Bank Super Fund Home Loan, plus a monthly fee of $12. Fees may also apply for additional features.
Benefits of Having A Super Fund Home Loan
There are several benefits of having a superfund home but like any financial product your superfund home loan has to be managed correctly for you to be able to take full advantage of these benefit:
- Diversify yourself managed super fund. By having a St.George bank’s superfund home loan, your superfund will only have to do repay your loan payments, which means that your superfund can have cash freed up to be invested in other ways such as term deposits or shares. This will help ensure that yourself managed super fund will keep performing well.
- Use the rent help repay the home loan. With a superfund home loan you can use the rental payments from your investment property to help offset the repayment on the property, this helps the superfund find money that can be used to fund other investments.
People Who Are Suited To A St.George Bank Superfund Home
The superfund home loan should only be used by people that would like to invest in residential property and have or are considering opening a self managed super fund, and are looking to investments with a long timeframe 15 to 30 years.
If you think that the St.George bank superfund home loan suits your current position and you would like more information or to apply then followed the secure link to St.George here. If you’re not quite sure about this home loan or if you would like to compare it to other superfund home loans or even standard home loans that you can view our home loan comparison tables here.
Read the St.George Super Fund Home Loan terms and conditions.
| Minimum Loan Amount | $100,000 | |
|---|---|---|
| Maximum Loan Amount | $2,000,000 | |
| Maximum LVR | 72% | |
| Maximum Insured LVR | 73% | |
| Mortgage Offset Account | Yes | |
| Loan Redraw Facility | No | |
| Split Loan Facility | Yes | |
| Fixed Interest Option | No |
| Interest Rate Type | Fixed | |
|---|---|---|
| Interest Rate | 7.04% | |
| Comparison Rate | 7.29% | |
| Repayment Type | Principle & Interest | |
| Repayment Frequency | Weekly | |
| Extra Repayments | Yes |
| Application Fee | $1,500 | |
|---|---|---|
| Legal Fee | $0 | |
| Valuation Fee | $0 | |
| Service Fee | $12.00 | |
| 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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