St.George Variable Loan (Advantage Package $150K-$249K)
Posted May 7th, 2010
and last modified April 16th, 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 are looking for a complete banking package as well as a home loan between $150,000 and $250,000 then you should look at the St.George variable loan advantage package $150 K to $250 K, this home loan offers a large range of flexible features and options that will help you reduce the length of your home loan and save you money both on your home loan and your everyday banking accounts.
Features of the St.George Variable Loan Advantage Package
- Option to have an offset account
Having an offset account linked to your St.George Variable loan advantage package $150K-$250K helps you to save money, this works by using any savings that you have to offset the interest that’s charged on your loan. For example if you have a home loan of $210,000 and you have $10,000 in your offset savings account then you will be only charged interest at $200,000 on your home.
- Has a redraw facility
With a St.George Variable loan advantage package you are able to access the extra money that you have payed on your loan. This means that you’re able to make extra payments on a St.George home loan knowing that if you ever need to get to the extra funds in an emergency you will be able to. There is no fee for using the redraw facility but you will need to give the bank 24 hours notice.
- Who can use this home loan?
This home loan can be used by people who would like to buy residential property between the value $150,000 and $249,999 and St.George offers terms on this home loan up to 30 years. Home loan customers are able to borrow up to 95% of the property’s value with mortgage insurance and are only able to borrow up to 95% of the property’s value without mortgage insurance.
- Payment options
You can make the payments on your St.George Variable loan advantage package $150K-$250K either weekly fortnightly or monthly. This is a really important option to consider because you are able to choose a repayment time that suits your current financial situation.
- Apply for more funds
It’s easy to apply for more money with a St.George Variable loan advantage package $150K-$250K. If there is a time in the future that you need more money then you are able to apply to St.George to increase the amount of your loan.
- Variable interest rate
With the St.George variable loan advantage package 150 K to 250 K you get the advantage of having a discount of 0.5% off the standard variable rate as long as you have this package. This gives the home loan a current variable interest rate of 6.54%. Variable interest rate loans are a good option to consider because they offer lower interest rates than fixed rate home loans and because they are so popular that banks offer more features and options.
- A credit card
If you have a St.George loan advantage package $150 K to $250 K home loan then you will be offered a St.George credit card with the annual fee waived for as long as you have the advantage package.
- Fees and charges
Having the advantage package on your St.George variable rate loan will cancel out the home loan establishment fee, a saving of up to $700, and will also cancel out any monthly account keeping fees on the loan, and on a St.George transaction account.
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