Standard Variable Rate Home Loan Standard Variable Rate Home Loan (Interest Only) (Owner Occupied)
5.30%p.a Standard Variable
About St.George Bank
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 ["Bridging", "Construction", "Owner Occupied", "Vacant Land"], in ["NSW", "NT", "QLD", "SA", "WA", "VIC", "TAS", "ACT"].
- 1 - 30 years
The level of financial documentaion and credit history required to apply for the loan.
- Full Doc
- Credit History
- Genuine Saving
Save on interest repayments by holding spare cash in an offset account.
- Offset account
Get quick access to cash by drawing on the loan to pay for renovations or other purchases.
- Redraw Facility
- Min Redraw
- Redraw fee
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 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.
Monthly and annual fees and charges during the loan period.
- Ongoing Monthly
Fees associated with prematurely ending the loan.
- Early Repayment
- Switch To Fixed
The Standard Variable rate is the traditional variable rate product. Option of Interest Based Term maximum of 15 years (the loan term has a maximum of 30 years). Monthly repayment ONLY are allowed, when paying interest based repayments, ie the customer cannot nominate to pay weekly or fortnightly whilst making interest based repayments. During the construction period (until loan is fully drawn down) repayments are interest only repayments. The Repayment Pause option is available on this product. Key benefits are: - Principal reductions may be made at any time, therefore reducing the repayment term of the loan. - The ability to redraw additional repayments made thereby saving interest on the loan but retaining access to the funds. There is no minimum redraw amount and a redraw fee applies to each approved request. $10 Redraw Fee for redraws via Phone/ Internet & $25 via SGB Branch. - Interest offset facility to help reduce the interest charged while still having access to funds at call. - Building loans allowed. $250 Progress Payment Admin Fee applies, the fee is $350 for owner builders. Inspection Fee: $102.50. More than 6 advances $50 fee per additional advance applies. Refinances from other financial institutions - A full valuation is required regardless of LVR - LVR cannot exceed 90% - Loan statements must be obtained from the current lender to verify the loan repayment history during the previous 6 month period. The Standard Variable Rate product is NOT AVAILABLE for: - Prepaid Interest repayment type Interest offset facility: Customers with this product are able to elect to have a Full Offset facility linked to their Loan Account. Mortgage Equaliser Offset is available with P&I repayments.Repayment Offset is available with interest based repayments. No Partial offset. A full Offset service fee is payable whilst the offset facility is current. There is no Full Offset Service fee payable if the loan is taken as part of the Advantage Home Loan Package
For new and existing customers, max LVR for owner occupiers is 95%. Max LVR for refinances from other financial institutions is 90%. Owner Occupied: These LVRs can be increased by the amount of the LMI premium to a maximum of 2% above the max LVR for that customer. 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 applicants 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.
Other upfront fees and costs may apply. Additional Security Property Fee: $100. Partial discharge assessment fee: $350 Company Title: $205 per security Trustee: $205 per trustee When any of the security offered involves a Guarantee:$205 per guarantee