St George Advantage Package home loan

Bundle your personal finance products together and receive a discount on your interest rate

The St.George Advantage Package is a package loan which bundles together your credit card, transaction account and home loan together and in return gives you a range of savings on your home loan interest rate and fees and discounts on your St.George credit card and transaction account fees and insurance premiums.

Cashback offer for the Advantage Package

Eligible borrowers can receive a cashback when taking out a principal and interest St.George Advantage Package loan with a minimum loan size of $250,000. Customers refinancing an owner occupier or investment loan can receive a $2,000 cashback on applications received from 23 September 2019 to 31 January 2020 and settled by 31 March 2020.
Cashback offers exclude Portfolio loans and customers refinancing from within the Westpac banking group.

Interest Rate Max Insured LVR Max LVR
Standard Variable (Investor, IO)
4.34% p.a.
Comparison Rate
4.74% p.a.
90% 80%
Standard Variable (Investor, P&I)
4.05% p.a.
Comparison Rate
4.46% p.a.
90% 80%
Standard Variable (Owner Occupier, IO)
4.08% p.a.
Comparison Rate
4.49% p.a.
80% 80%
Standard Variable (Owner Occupier, P&I)
3.49% p.a.
Comparison Rate
3.91% p.a.
80% 80%
Standard Variable LVR 60% to 80% (Investor, IO)
4.29% p.a.
Comparison Rate
4.69% p.a.
80% 60%
Standard Variable LVR 60% to 80% (Investor, P&I)
4% p.a.
Comparison Rate
4.41% p.a.
80% 60%
Standard Variable LVR 60% to 80% (Owner Occupier, IO)
4.03% p.a.
Comparison Rate
4.44% p.a.
80% 60%
Standard Variable LVR 60% to 80% (Owner Occupier, P&I)
3.44% p.a.
Comparison Rate
3.86% p.a.
80% 60%
Standard Variable LVR up to 60% (Investor, IO)
4.24% p.a.
Comparison Rate
4.64% p.a.
60% 60%
Standard Variable LVR up to 60% (Investor, P&I)
3.95% p.a.
Comparison Rate
4.36% p.a.
60% 60%
Standard Variable LVR up to 60% (Owner Occupier, IO)
3.98% p.a.
Comparison Rate
4.39% p.a.
60% 60%
Standard Variable LVR up to 60% (Owner Occupier, P&I)
3.39% p.a.
Comparison Rate
3.81% p.a.
60% 60%
Product NameSt.George Advantage Package Home Loan
Interest Rate TypeVariable
Comp Rate^ (p.a.)
Minimum Loan Amount$100,000
Minimum Loan Term1 year
Maximum Loan Term30 years
Maximum LVR80%
Maximum Insured LVR95%
Mortgage Offset AccountYes
Mortgage 100% OffsetNo
Loan Redraw FacilityYes
Split Loan FacilityYes
Fixed Interest OptionNo
Loan PortableYes
Suitable for InvestmentYes
Extra RepaymentYes
Available as equity loan/line of creditNo
Repayment TypePrincipal & Interest and Interest Only Options
Application Fee$0
Lender's Legal Fee$0
Valuation Fee$164
Ongoing Fees$395 p.a.
Settlement Fee$100
Discharge Fee$350


  • You can withdraw any extra payments you make using the redraw facility at no cost, but you do need to give the bank 24 hours notice of your intention to redraw
  • You get discounts off the advertised variable and fixed interest rates with this package
  • You can link a 100% offset account to this home loan


  • There is a settlement fee of $100
  • There is a $395 annual fee
  • A discharge fee of $350 applies when you close your home loan account

Bundle some of your financial products together and find out how you could save with the St George Advantage Package home loan.

Things to consider about this loan

It should be noted that this is a package home loan. This means it gives borrowers a discount on different products and services in return for charging an annual fee.

The Advantage Package is a flexible loan which gives borrowers the ability to borrow to buy a home, an investment property or to refinance. When paired with the standard variable rate loan it’s able to be used for purchasing vacant land to build on it and it’s a full documentation loan.

St.George also offers low doc loans which have simple documentation requirements.

How does the St.George Advantage Package work?

This loan works by bundling together a St.George home loan, credit card and transaction account together. In the credit card department you can choose from:

  • The Amplify Visa Card, which is a rewards card which can earn Amplify Rewards or Qantas Points.
  • The Amplify Platinum Card, a credit card which offers complimentary insurance policies, a concierge service and competitive promotional rates.
  • The Amplify Signature Card, a rewards card with St.George's highest points earn rate.
  • The Vertigo MasterCard, which is a basic low rate card.
  • The Vertigo Platinum MasterCard, which has a low rate and a range of complimentary insurance covers.

In the transaction account department you can choose from two different transaction accounts, including the Complete Freedom account which gives free transactions at a branch, St.George ATMs or Westpac ATMs, as well as internet banking; or the Complete Freedom with Mortgage Equaliser account, which is an unlimited transaction account that offsets the interest on your loan account.

Features of the St.George Advantage Package

The Advantage Package has a range of benefits which grant savings to borrowers. The features of the St.George Advantage Package are:

  • Tiered discounts. The Advantage Package gives you a bigger discount the more you borrow. If you borrow between $150,000 and $249,999 you’ll get a discount of 0.70% p.a., if your loan is between $250,000 and $499,999 you’ll get a discount of 0.95% p.a. and if you borrow over $500,000 you’ll get a discount of 1.00% p.a. on your account.
  • Maximum LVR. You can borrow up to 80% of the property value with this loan, or up to 95% of the property value if you’re prepared to pay Lender’s Mortgage Insurance (LMI) premiums. Some areas will require a higher minimum deposit.
  • Loan term. The Advantage Package with Standard Variable Rate Home Loan has a loan term of up to 30 years if you choose to make principal and interest repayments, or up to 15 years if you make interest-only repayments.
  • Discounts. Bundling your products together nets you some discounts. You’ll pay no annual fees for your credit card, no monthly fees for your transaction account or offset account and get free redraws over the phone or internet. You’ll also get a 10% discount on St.George Home Loan Protection insurance, St.George Home and Contents Insurance and St.George Lifetime Protect Insurance. Finally, you’ll also receive a $200 cash bonus if your BT Super for Life Account reaches $1,000.
  • Flexible repayments. You can make your repayments every week, fortnight or month if you’re making principal and interest repayments, or every month if you’re making interest-only payments. You can also make additional repayments at no extra cost and get access to these payments with a free redraw facility if you need the extra cash.
  • Interest offset account. The interest offset account offered with this loan means you can deposit your salary and savings into your account and then pay less interest on your home loan.
  • Other features. The Advantage Package with Standard Variable Rate Home Loan allows you to pause repayments for 3 to 12 months if you leave the workforce for a legitimate reason, split your loan into variable and fixed rates and use a family pledge to avoid paying LMI premiums.

St.George Advantage Package fees

There are fees you can avoid and fees you can’t avoid with this loan.

Fees you can avoid

  • Home loan establishment fee. $600. The main benefit of this package is that you don’t have to pay this establishment fee.
  • Monthly loan administration fee. $10 a month. You also don’t have to pay this fee when taking out the Advantage Package.
  • Credit card annual fee. Cost varies. The Advantage Package waives the annual fee of the credit card you choose to bundle with your home loan.
  • Transaction account monthly fee. Cost varies. Like the credit card annual fee, this is also waived when the account is bundled into the package.
  • Valuation fee. From $164. This is charged to allow St.George to find out the market value of your property and is dependent on location or value of the security property.
  • Lender’s Mortgage Insurance. Cost varies. This is a premium which is charged to you to cover your lender in the event you default on your loan. This is only charged if you borrow more than 80% of the property value.

Fees you can’t avoid

  • Package loan fee. $395 per year. This fee is charged in exchange for the discounts and other perks offered with this package. The fee covers up to five home or investment loans.
  • Settlement processing fee. $100. This is charged to cover the cost of transferring funds from the bank to you.

Applying for the St.George Advantage Package

If you feel like the St.George Advantage Package is a loan you’d like to learn more about, or even apply for, you can do so by clicking on the ‘Go to site’ buttons on this page.

Before you apply be sure you are eligible for this loan by checking the below details:

  • All applicants must be over 18 years of age
  • All applicants must be Australian citizens or permanent residents

You will also need to make sure you have the below details handy before completing an application:

  • Personal details – these will include contact details as well as photo ID
  • Income details – these will include your regular salary from an employer as well as the details of any other income producing assets you may have.
  • Savings and credit history – you will need to provide proof that you are able to make regular payments and actually service this loan, whether it be through a long and solid savings history or any other credit or loans you currently have and are paying off.
  • Property details – you will need to provide some details of the purpose of the loan, whether it be the contract of sale of the property you are purchasing or the building plans or details of your refinance.

Package loans can save you a lot over the course of a loan if used correctly. Do some calculations to see if one might work for you and if so add it to your home loan comparison today.

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2 Responses

  1. Default Gravatar
    vanessaJanuary 16, 2014

    We took the advantage package home loan in june 2011. Unfortunately we sold the house in July 2012 , We release the mortgage and paid all the fees but we did not notice that the home loan insurance continued and it is been debited from our account until january 2014 when we noticed and cancelled. Is that correct? we informed St George that the main mortgage did not exist since 2012 and St george is been debited payments of $80 during the last 18 months. St george has refund the last premium.

    • Avatarfinder Customer Care
      MarcJanuary 17, 2014Staff

      Hello Vanessa,
      thanks for the comment.

      You definitely shouldn’t be charged for insurance which you’re not using. I would contact St George again asking for a refund for each month which you no longer held the home but were still being charged.

      I hope this helps,

St.George Advantage Package Home Loan

  • Interest Rate


  • Comparison Rate


  • App Fee / Annual Service Fee

    $0 / $395

  • Max LVR


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