St.George Bank FAQs

Once you have provided St.George with your documentation, they will usually take around 24-48 hours to approve your loan.

As of May 2020, the interest rate for fixed St.George loans is 2.24% p.a.

When the RBA made their emergency rate cut in March 2020, St.George cut their interest rate by 0.65% p.a.

Your borrowing power will be dependent on a range of factors such as your credit history, the value of your property and your income. As well as this, the interest rate, term and type of loan will also come into consideration. You can calculate your borrowing power here.

You can apply to refinance your St.George Home Loan here. If you need assistance, you can also contact a home lending specialist at St.George online or via telephone. As part of your application, you will be required to provide documentation such as existing home loan statements and your ID. A valuation will be varied out as well. After this, the approval and settlement stages will follow.

Currently, the interest rate for St.George home loans is relatively low. For 1, 2 and 3 year fixed rate loans, the interest rate sits at 2.24% p.a. You can compare St.George’s interest rates to other lenders.

If you wish to carry out a full discharge of your loan, you will need to provide a signed and fully completed discharge authority form. Alternatively, you can provide written instructions from a solicitor or conveyancer. St.George will then carry out the settlement process and instruct you on any further steps that must be taken.

You can access your St.George Home Loan account via their internet banking facility. Find out more.

To access redraw from your St.George account, you must meet a minimum requirement for your home loan. You then must make a redraw request. Once this has been completed, you can access your redraw through St.George’s Internet or mobile banking facilities. Alternatively, you can complete a Home Loan Redraw form that can be handed to a St.George branch or emailed to St.George.

To add a spouse to your home loan, you will have to specify that you are married on your loan application and add them as a second applicant or trustee. If you have an existing loan, it is likely that you will have to refinance in order to add your husband to your home loan.