St.George Basic Home Loan

Rates and Fees verified correct on April 27th, 2017

Pay your loan off sooner thanks to a lower interest rate and no monthly fees

If you’re looking to buy a new house and don’t want to pay for features you may not use, you might want to consider the St.George Basic Home Loan. It offers a low variable interest rate with no monthly account keeping fee or yearly fee.

Special offer

If your loan is over $150,000, St.George will waive the $500 establishment fee. For a limited time only.

Interest Rate Max Insured LVR Max LVR
Promotional Rate (Investor, P&I)
4.39% p.a.
Comparison Rate
4.40% p.a.
95% 80%
Promotional Rate (Owner Occupier, P&I)
3.88% p.a.
Comparison Rate
3.89% p.a.
95% 80%
Variable Rate (Investor, P&I)
4.97% p.a.
Comparison Rate
5.02% p.a.
95% 80%
Variable Rate (Investors,IO)
5.09% p.a.
Comparison Rate
5.14% p.a.
95% 80%
Variable Rate (Owner Occupier, IO)
4.84% p.a.
Comparison Rate
4.89% p.a.
95% 80%
Variable Rate (Owner Occupier, P&I)
4.72% p.a.
Comparison Rate
4.77% p.a.
95% 80%
Product NameSt.George Basic Home Loan
Interest Rate TypeVariable
Comp Rate^ (p.a.)
Minimum Loan Amount$150,000
Maximum Loan Amount$2,000,000
Minimum Loan Term3 years
Maximum Loan Term30 years
Maximum LVR80%
Maximum Insured LVR95%
Mortgage Offset AccountNo
Mortgage 100% OffsetNo
Loan Redraw FacilityYes
Split Loan FacilityYes
Fixed Interest OptionNo
Loan PortableNo
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$0
Ongoing Fees$0 p.a.
Settlement Fee$100
Discharge Fee$350


  • You can borrow up to 95% of the property value.
  • You can make extra payments without penalty.
  • You can withdraw additional payments through the redraw facility at no cost.


  • There is a $500 establishment fee, currently waived for loans above $150,000.
  • A $100 settlement fee applies when setting up this loan.
  • A discharge fee of $350 applies when you close your home loan account.

Things to consider

The St.George Basic Home Loan can be used to purchase any residential property with a term of up to 30 years. It has a variable interest rate and can be used to purchase vacant land, but it cannot be used as a construction loan. The property can have a value between $150,000 and $2,000,000.

You can borrow up to 95% of the value of your chosen home with lenders mortgage insurance (LMI) or up to 80% of the property's value without LMI.

Features of the St.George Basic Home Loan

  • Redraw facility. A St.George Basic Home Loan offers the ability to withdraw extra funds that you may have deposited on your home loan. This means that you can use any extra money you may have to reduce your home loan debt and still be able to access these funds if there is ever a situation where you require them.
  • Repayment pause. If something unforeseen happens and you are unable to work for legitimate reasons, then you can apply to St.George to have the repayments on your home loan reduced to a more manageable level or paused for three to 12 months until you're able to return back to work.
  • Flexible repayments. Home loan repayment can be made weekly, fortnightly or monthly.
  • You can apply for more funds. With the Basic Home Loan it's an easy process if you would like to apply for additional funds. This is useful if you would like to borrow against the equity that you've got in your home for an extension or renovations.
  • Fees and charges. The St.George Basic Home Loan charges no monthly account-keeping fees.
  • You can make extra repayments. Extra repayments can be made at any time without incurring penalties.

Ready to apply?

If you think that the St.George Basic Home Loan could work for you, click the Go to site button. Make sure you have the following information on hand:

  • Employment details including addresses and phone numbers
  • Income details including assets
  • Details of any other loans (personal or home), credit card debts or store cards

The process will take about 15 minutes to complete. You'll then receive an email acknowledging your application, and a St.George representative will be in contact with you to discuss your application further. To find out more details and apply, use the buttons below.

Enquire about this home loan

St.George Basic Home Loan Interest Rate History vs RBA Cash Rate Graph

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This page was last modified on 28 March 2017 at 1:48pm.

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14 Responses to St.George Basic Home Loan

  1. Default Gravatar
    Vicki | November 2, 2016

    Are you prepared to loan to someone on a Disability Pension, with a substantial deposit, ie $100,000 approx. How much could be borrowed?

    • Staff
      Harold | November 2, 2016

      Hello Vicki,

      Thanks for your question.

      Please note that if you receive Centrelink payments, including the pension, and are looking for a loan, you may find your options somewhat limited. Lenders have stricter criteria for those receiving disability support pension (DSP) carer’s pension or the age pension.

      For your reference you may find this article helpful.

      I hope that helps.


  2. Default Gravatar
    Anthony | October 2, 2016

    Hi Do you have banking branches and were can I find the closest to Frankston or Mordialloc 3195 Thanks

    • Staff
      Jennifer | October 24, 2016

      Hi Anthony,

      Thank you for contacting we are a financial comparison website and general information service and therefore can only offer general advice and information.

      Yes, St. George does have a branch on Frankston.
      Here is the address
      Frankston Branch
      3 Shannon Street Mall,
      Frankston, VIC, 3199

      Closest to Mordialloc is Mentone Branch.
      20-22 Como Parade,
      Mentone, VIC, 3194.

      I hope this helps.


  3. Default Gravatar
    Tracy | April 13, 2016

    Do you provide Home Loans in Darwin , Northern Territory for re financing?

    • Staff
      Marc | April 14, 2016

      Hi Tracy,
      thanks for the question!

      While St.George doesn’t operate in Darwin, BankSA does, and they offer this exact same product (they’re both part of the Westpac group and offer the same products).

      I hope this helps,

  4. Default Gravatar
    John | March 7, 2016

    can i use my owned house as collateral to enter into the loan without cash exchange

    • Staff
      Belinda | March 8, 2016

      Hi John,

      Thanks for getting in touch.

      I’ve sent you an email to follow up with this enquiry.


  5. Default Gravatar
    Singh | February 26, 2016

    I have my mortgage with CBA charging variable rate 4.90%. Current outstanding is 180K.
    I am willing to switch over to other lenders @ some reduced mortgage rate.
    I am also looking to Re-financing against equity to enter into investment property in future.
    Will appreciate your help with great offers.

    • Staff
      Marc | February 26, 2016

      Hi Singh,
      thanks for the question!

      You might wish to speak directly with St.George about the Basic Home Loan, or alternatively fill in the mortgage broker form on the right side of this page to get some help to find the right home loan for you. You might also want to compare other refinancing deals to see what’s out there.

      I hope this helps,

  6. Default Gravatar
    | January 14, 2016

    Hi guys,we are currently looking to re-finance & consolidate some debts on top of our mortgage. We currently would need to borrow to a capacity of 95% so (Lenders Mortgage insurance) would have to be included. We were looking to borane extra $10000, but are finding it difficult to find a suitable lender with a reasonable “interest rate” and also to only pay “interest only”. Also the value of our property seems to becoming under value,considering the recent sales of properties in our area sell for way beyond to what the Banks value properties are selling for in the area. Would just like to know where to go to,also the more inquiries you make for applications for Re-financing seems to go against you….

    • Staff
      Belinda | January 15, 2016

      Hi James,

      Thanks for reaching out.

      You are correct in saying that the more enquiries that you make for a refinancing application can “go against you” in the sense that it can harm your credit file. This is why it is particularly important to consult a mortgage broker as they will be able to draw upon their panel of lenders to find a mortgage that’s suitable for you– they can also negotiate for a better rate on your behalf.

      We have a guide about refinancing for debt consolidation where you can learn more about the benefits, risks and costs involved when switching to a debt consolidation home loan.

      It is essential that this type of home loan is structured correctly (again this is where a mortgage broker can be useful) because if you consolidate personal debt (e.g. credit cards) under your mortgage, although you may be paying a lower interest rate for the short-term debt, you will be stretching it out over a longer term (e.g. 30 years for a mortgage). This can see you paying higher interest charges over the life of the loan.

      You can use our switching cost calculator to estimate your refinancing costs.

      All the best!

  7. Default Gravatar
    David | September 26, 2015

    I currently have a home loan of 246,000 my interest rate is 4.73 i would like to bring my interest rate down another 0.8%atleast as i have been a loyal customer for 30 years.
    Thanks Dave

    • Staff
      Marc | September 28, 2015

      Hi Dave,
      thanks for the question.

      You’ve come through to, a comparison service, so we’re unable to help you negotiate your home loan rate. To speak to St.George regarding your home loan, please contact them directly.

      I hope this helps,

St.George Basic Home Loan

  • Interest Rate


  • Comparison Rate


  • App Fee / Annual Service Fee

    $0 / $0

  • Max LVR


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