Basic Home Loan Promotional Basic Home Loan Promotional (Interest Only) (Owner Occupied)

  • 3.98%
    p.a Basic Variable
  • 3.98%
    p.a Comparison**
  • $100
    Upfront fees
  • $0
    Annual fees
  • 95%
    Max Lvr
  • $1,844
    Per Month*

About St.George Bank

St.George Bank is one of Australia's leading retail and business banking brands, serving over 2.6 million consumer, business and corporate customers in Australia. In 2008, St.George and its South Australian brand, BankSA, became part of the Westpac Group. With more than 5700 staff and 396 St.George and BankSA retail branches, St.George is known for exceptional service, innovative, award-winning products, and specialist financial advice for retail and business customers. St.George has built its reputation on strong connections with local communities. A deepening understanding of sustainability suggests that they’re extending their commitment to a broader range of stakeholders and interests.

Basic Variable

Repayments calculated to take into account ongoing monthly and anual fees.

Monthly repayment*
rate per annum

Loan to Value Ratio

Borrow up to the maxium of 95% of the value of the property.

Lenders Mortgage Insurance, or LMI, will be payable on most loans where the borrowings are greater than 80% of the value of the property.

However, you may be able to capitalise LMI into your loan, increasing the overall loan amount by about 2% (in order to cover the cost of the insurance). Contact a loan market broker to find out how LVR and LMI might impact the cost of your loan repayments.

Capitalise LMI


For ["Owner Occupied", "Vacant Land"], in ["NSW", "NT", "QLD", "SA", "WA", "VIC", "TAS", "ACT"].

3 - 30 years


The level of financial documentaion and credit history required to apply for the loan.

Full Doc
Credit History
Genuine Saving

Redraw Facility

Get quick access to cash by drawing on the loan to pay for renovations or other purchases.

Redraw Facility
Min Redraw
Redraw fee

Banking Features

Given the wide range of loans on offer – with different interest rates, product features and fees – it pays to shop around to find the loan that fits your needs and circumstances. Some loans offer features that may be appropriate for your situation and result in savings over the life of the loan.

Some features you may wish to consider include:

  • an offset account;
  • ability to make extra repayments;
  • a redraw facility; and
  • linked credit card and savings accounts;
  • ability to split your loan between fixed and variable interest rates
Offset Account
Redraw Available
Credit Card
Internet Banking
Telephone Banking
BPay Option
Portability of Loan
Professional Pack
Check Account
Direct Salary Credit
Free Transactions
Minimum Redraw
Redraw Fee


You can make your repaments Monthly.

Interest Only Option
Max Interest Only
5 years

Upfront Fees

Upfront fess associated with estabilishing the loan. Other loan set-up fees, such as valuation fees and lender's mortgage insurance, and Government charges, such as registration fees and stamp duty on property transfer, have not been included. These will be determined after application.


Ongoing Fees

Monthly and annual fees and charges during the loan period.


Exit Fees

Fees associated with prematurely ending the loan.

Early Repayment
Switch To Fixed


Special limited time discounted Basic Home Loan offer may be withdrawn at any time. This offer is only available for new Basic Home Loan applications received from 23 May 2016. This offer is only available for new Basic Home Loan applications received from 23 August 2016. Offer current as at 23 May 2016. Refer to or call us for more information on current offers available. This is a current offer which may be varied or withdrawn at any time. If you apply after this offer has been withdrawn the interest rate which will apply is the standard Basic Variable Rate without any discount. Applicable to new loan applications only (excluding internal refinances) and is not available in conjunction with, or in addition to any other special offers, negotiated rates or discounts. The Basic Home Loan is a variable rate loan at a competitive variable interest rate with no monthly administration fee for the life of the loan. No honeymoon rate period applies to this product. Target Market: The main selling features of the Basic Home Loan are its simplicity and price. Key Benefits: - Unlimited additional repayments - Redraw facility - Flexible repayment frequency Not available for: - Building loans - Interest in Advance repayment option - Second mortgages (behind other financial institutions) - Savings plan loans - Rent to buy proposals - Extended settlement loans - Company Loans and Trusts - No Deposit Loans - Low Doc Loans LOW DOC A full

LVR Notes

For new and existing customers, max LVR for owner occupiers is 95% including LMI capitalisation. Max LVR for refinances from other financial institutions is 90%. Conditions apply for new customers. These include, but are not limited to; - Maximum loan amount of $750K - No Auto Decline overrides will be considered - Genuine savings policy applies, with the exception of Inheritance and Sale of non-real estate assets which are capped at 90% LVR


5% Genuine savings needs to be verified on mortgage insured loans where the LVR exceeds 85%. Any applications for investments loans that have an LVR >90% will require a minimum equity of 10% to be held in another property. The 10% equity holding is to be calculated using the applicant’s estimated Market Value of their existing properties against their current exposure. Current exposure is to be calculated on loan account limit and not loan account balance. The 10% equity may be held in one or more existing properties held by any of the applicants.

Fee Notes

$0 establishment fee if loan amount is greater than $150,000 – Limited time special offer Loan amount <$150K - Standard $500 establishment fee applies. Other upfront fees and costs may apply. $50 Fee for manual Redraws, Phone and Internet redraws are free. Split Loan Fee: $150 Partial Discharge Assessment Fee: $350. Additional Security Property Fee: $100. Company Title: $205 per security Trustee: $205 per trustee When any of the security offered involves a Guarantee:$205 per guarantee

*Monthly Repayments

Monthly repayments are calculated to take into account the loan amount, repayment term and ongoing fees and charges over the life of the loan.

  • Variable rate loans show the monthly repayments at the current rate.
  • Fixed rate loans show the monthly repayment during the fixed period only.
  • Monthly repayment calculations are an approximate guide only. Speak to a LoanMarket Mortgage broker to understand the exact cost of a loan given your particular circumstances.

**Comparison Rates

A comparison rate is a tool to help consumers identify the true cost of a loan. It factors in the interest rate, loan amount, repayment term and ongoing fees and charges and displays this as a single percentage rate that can be used to compare various loans from different lenders.

Monthly Repayment and Comparison Rate* calculations do not include:

  • The use of account features such as early repayments and offset accounts which vary widely among loans and can reduce the cost of a loan significantly.
  • Cost savings such as fee waivers or special rate discounts.
  • Fees and charges associated with loan options or events that may or may not be used by the borrower, such as early repayment or redraw fees
  • Lenders Mortgage Insurance (LMI) which may be required to secure the loan and can increase the cost of the loan.
  • Government charges such as stamp duty or mortgage registration fees.
  • Fees and charges which aren’t available at the time the comparison rate is provided