St.George Bank Home Loans

St.George Bank Home Loans

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Everything you need to know about a St. George Home Loan

Originally founded in 1937 in the suburbs of Sydney, today St. George Bank has become a highly competitive retail bank with excellent products, especially for first-time homebuyers and young families. They also offer benefits to various groups, such as discounts for some professionals and affordable SMSF loans. Although owned by Westpac – this big four bank acquired St. George in 2008 – the lender continues to offer forward-thinking products for borrowers, staying true to its specialist lender roots, while also being able to provide the low rates you’d expect from a major bank.

Key Benefits

  • Competitive rates and discounts
  • Variety of home loan products including low doc
  • Low deposit loans are accepted


  • LMI can be costly
  • Difficult to qualify with bad credit
  • Slower application processing times

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St. George Home Loan Products Breakdown

Standard Variable Rate Home Loan

  • Flexibility
  • Offset account
  • Redraw

A smart option for paying off your mortgage faster

If you want to focus on paying down your mortgage faster, this Standard Variable Rate loan product may be a smart option. You’ll get to use a full interest offset facility to help pay down your loan faster. Also, if you bundle your loan with the Advantage Package, the bank sometimes offers great interest rate discounts. You can also split your loan with St. George’s Flexible Choice features, paying off part of your mortgage with a fixed rate.

Fixed Rate Home Loan

  • Fixed rate interest term
  • Lock in a fixed rate
  • Interest in advance

Enjoy the comfort of knowing exactly what your monthly repayments will be

You can choose a fixed rate from one to five years and then refix your loan at the end of the period or switch to the standard variable rate. St.George Bank also offers a rate lock feature so you can secure your fixed rate up to three months before your loan settles. You can also make extra repayments without penalty and then redraw those additional funds if you need to. The Fixed Rate loan product also comes with an optional offset facility.

Basic Home Loan

  • Flexibility
  • Offset account
  • Redraw

An easy, low rate home loan with all the basics you need

For a straightforward home loan that is easy on your finances, St.George offers a low variable rate loan with low fees in their Basic Home Loan. You can still take advantage of flexible repayments, free additional repayments and redraw. This is an ideal option for first-time homebuyers who want an affordable loan. You can use equity built up in a family member’s home to possibly eliminate your need for lender’s mortgage insurance and can save even more with the First Home Owner Grant.

Portfolio Loan

  • Fixed rate interest term
  • Discount interest & fees
  • Flexible repayments

Invest in your future today with this ongoing line of credit

This is St.George’s line of credit home loan. You’ll have an ongoing line of credit at your low mortgage interest rate which you can use to make investments when you see fit. This is a great option if you want the ability to do more with your loan to help you achieve your future financial goals. Fees on this loan, however, are relatively high, although you can reduce them by bundling with the Advantage Package.

Building Home Loan

  • Fund new homes
  • Funds grow
  • Schedule payments

Build or renovate your dream home with a great rate loan

This specialist loan can be used for new builds. St.George makes the construction process even easier by helping to identify your building expenses to make payment for each stage of the build more streamlined. You are only responsible for interest on the portion of the loan you have drawn down.

Advantage Package

  • Discount on rates
  • All-in-one package
  • $0 monthly fees

Save when you package a home loan, credit card and transaction account

You can bundle your home loan with a credit card and transaction account for all-in-one simplicity and savings. Enjoy flexible repayment options and waived fees. St.George does sometimes offer exceptional rate discounts on their home loan package, making this option even more affordable. The discounts are higher for larger loans.

Relocation Loan

  • Live in existing home
  • Package and save
  • Full interest offset

Remove the stress of timing the purchase or construction of your new home


Still looking for your perfect match?

At eChoice, we have partnered with over 20 of Australia's leading lenders to help you find the right home loan. Chat with one of our experienced brokers today.

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Competitive Interest Rates

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