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Home Loan Interest rates
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LVR stands for the initial loan to value ratio at loan approval. LVR is the amount of your loan compared to the Bank’s valuation of your property offered to secure your loan expressed as a percentage.
For example, a loan of $400,000 to buy a property worth $500,000 results in a loan to value ratio of 80%. The interest rates below are for new loans. Home loan rates are set based on the initial LVR and don’t change because of changes to the LVR during the life of the loan.
LVR | Annual Rate | Comparison rate^{1} |
---|---|---|
Principal & Interest | ||
Standard rate | 4.56% p.a. | 4.73% p.a. |
LVR up to 60% (Includes discount of 0.10% p.a.) |
4.46% p.a. | 4.63% p.a. |
LVR above 60% up to 80% (Includes discount of 0.05% p.a.) |
4.51% p.a. | 4.68% p.a. |
LVR above 80% (No change to standard rate) |
4.56% p.a. | 4.73% p.a. |
Interest only | ||
Standard rate | 5.15% p.a. | 5.32% p.a. |
LVR up to 60% (Includes discount of 0.10% p.a.) |
5.05% p.a. | 5.22% p.a. |
LVR above 60% up to 80% (Includes discount of 0.05% p.a.) |
5.10% p.a. | 5.27% p.a. |
LVR | Annual Rate including Advantage Package^{*} Discount of 1.32% p.a. |
Comparison rate^{1} |
---|---|---|
Principal & Interest | ||
Standard rate | 3.24% p.a. | 3.67% p.a. |
LVR up to 60% (Includes further discount of 0.10% p.a.) |
3.14% p.a. | 3.57% p.a. |
LVR above 60% up to 80% (Includes further discount of 0.05% p.a.) |
3.19% p.a. | 3.62% p.a. |
LVR above 80% (No change to standard rate) |
3.24% p.a. | 3.67% p.a. |
Interest only |
||
Standard rate | 3.83% p.a. | 4.24% p.a. |
LVR up to 60% (Includes further discount of 0.10% p.a.) |
3.73% p.a. | 4.14 % p.a. |
LVR above 60% up to 80% (Includes further discount of 0.05% p.a.) |
3.78% p.a. | 4.19 % p.a. |
Term | Annual Rate | Comparison rate^{1} |
---|---|---|
Principal & Interest Special offer^{^} discount of 1.29% p.a. off the Basic Home Loan rate is included in the below rates. |
||
Standard rate |
2.69% p.a. | 2.71% p.a. |
LVR up to 60% (Includes further discount of 0.10% p.a.) |
2.59% p.a. | 2.61%p.a. |
LVR above 60% up to 80% (Includes further discount of 0.05% p.a.) |
2.64% p.a. | 2.66% p.a. |
LVR above 80% (No change to standard rate) |
2.69% p.a. | 2.71% p.a. |
Interest only Special offer^{^^} discount of 0.53% p.a. off the Basic Home Loan rate is included in the below rates. |
||
Standard rate | 4.04% p.a. | 4.05% p.a. |
LVR up to 60% (Includes discount of 0.10% p.a.) |
3.94% p.a. | 3.95% p.a. |
LVR above 60% up to 80% (Includes discount of 0.05% p.a.) |
3.99% p.a. | 4.00% p.a. |
LVR stands for the initial loan to value ratio at loan approval. LVR is the amount of your loan compared to the Bank’s valuation of your property offered to secure your loan expressed as a percentage.
For example, a loan of $400,000 to buy a property worth $500,000 results in a loan to value ratio of 80%. The interest rates below are for new loans. Home loan rates are set based on the initial LVR and don’t change because of changes to the LVR during the life of the loan.
LVR | Annual Rate | Comparison rate^{1} |
---|---|---|
Principal & Interest | ||
Standard rate | 5.12% p.a. | 5.29% p.a. |
LVR up to 60% (Includes discount of 0.1% p.a.) |
5.02% p.a. | 5.19% p.a. |
LVR above 60% up to 80% (Includes discount of 0.05% p.a.) |
5.07% p.a. | 5.24% p.a. |
LVR above 80% (No change to standard rate) |
5.12% p.a. | 5.29% p.a. |
Interest only | ||
Standard rate | 5.41% p.a. | 5.58% p.a. |
LVR up to 60% (Includes discount of 0.1% p.a.) |
5.31% p.a. | 5.48% p.a. |
LVR above 60% up to 80% (Includes discount of 0.05% p.a.) |
5.36% p.a. | 5.53% p.a. |
Get an Advantage Package^{*} discount on Balances $100,000+
LVR | Annual Rate including Advantage Package^{*} Discount of 1.32% p.a. |
Comparison rate^{1} |
---|---|---|
Principal & Interest | ||
Standard rate | 3.80% p.a. | 4.21% p.a. |
LVR up to 60% (Includes further discount of 0.1% p.a.) |
3.70% p.a. | 4.12% p.a. |
LVR above 60% up to 80% (Includes further discount of 0.05% p.a.) |
3.75% p.a. | 4.16% p.a. |
LVR above 80% (No change to standard rate) |
3.80% p.a. | 4.21% p.a. |
Interest only |
||
Standard rate | 4.09% p.a. | 4.50% p.a. |
LVR up to 60% (Includes further discount of 0.1% p.a.) |
3.99% p.a. | 4.40% p.a. |
LVR above 60% up to 80% (Includes further discount of 0.05% p.a.) |
4.04% p.a. | 4.45% p.a. |
LVR | Annual Rate | Comparison rate^{1} |
---|---|---|
Principal & Interest Special offer^{^^^} 1.40% p.a. off the Basic Home Loan rate is included in the below rates. |
||
Standard rate | 3.14% p.a. | 3.16% p.a. |
LVR up to 60% (Includes further discount of 0.1% p.a.) |
3.04% p.a. | 3.06% p.a. |
LVR above 60% up to 80% (Includes further discount of 0.05% p.a.) |
3.09% p.a. | 3.11% p.a. |
LVR above 80% (No change to standard rate) |
3.14% p.a. | 3.16% p.a. |
Interest only Special offer^{^^^^} 1.49% p.a. off the Basic Home Loan rate is included in the below rates. |
||
Standard rate | 3.34% p.a. | 3.36% p.a. |
LVR up to 60% (Includes further discount of 0.1% p.a.) |
3.24% p.a. | 3.26% p.a. |
LVR above 60% up to 80% (Includes further discount of 0.05% p.a.) |
3.29% p.a. | 3.31% p.a. |
The reference rate is your variable interest rate before any discounts. To find out your reference rate, please refer to your loan contract or contact us on 13 33 30.
Annual Rate |
Comparison rate^{1} | |
---|---|---|
Owner Occupier Standard Variable Rate | 4.56% p.a. | 4.73% p.a. |
Owner Occupier Interest Only Standard Variable Rate | 5.15% p.a. | 5.32% p.a. |
Residential Investment Standard Variable Rate | 5.12% p.a. | 5.29% p.a. |
Residential Investment Interest Only Standard Variable Rate | 5.41% p.a. | 5.58% p.a. |
Portfolio Loan Variable Rate | 5.98% p.a. | n/a |
Owner Occupier Basic Rate | 3.98% p.a. | 4.03% p.a. |
Owner Occupier Interest Only Basic Rate | 4.57% p.a. | 4.62% p.a. |
Residential Investment Basic Rate | 4.54% p.a. | 4.59% p.a. |
Residential Investment Interest Only Basic Rate | 4.83% p.a. | 4.88% p.a. |
Important information
Conditions, fees and credit criteria apply. Based on St.George’s credit criteria, residential lending is not available for Non-Australian resident borrowers.
Before making a decision, it’s best to read the terms and conditions:
Please read these documents and keep a copy. You can request a paper copy at a branch.
Fixed Interest Rates: The Bank will apply the fixed rate that is available at the loan settlement date or the date the fixed rate period commences. At the end of the fixed rate period the interest rate will convert to the applicable variable interest rate.
The information on our website is prepared without knowing your personal financial circumstances. Before you act on this, please consider if it’s right for you. If you need help, call 13 33 30. Tax consequences may arise from promotions for investors and customers should seek independent advice on any taxation matters.
^{1} Comparison Rate: The comparison rate is based on a loan of $150,000 over a term of 25 years. WARNING: This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
^{2} For sale products only
^{*}Advantage Package Terms and Conditions apply. A $395 annual package fee applies and is payable from an eligible St.George transaction account. An Advantage Package discount has been included in the advertised eligible rate. The discount and fee savings apply for the duration of the package. Before deciding to acquire a St.George transaction account, read the terms and conditions (PDF 148KB), and consider if the product is right for you.
^{+}LVR stands for the initial loan to value ratio at loan approval. LVR is the amount of your loan compared to the banks valuation of your property offered to secure your loan expressed as a percentage. Home loan rates for new loans are set based on the initial LVR and don’t change because of changes to the LVR during the life of the loan. Any applicable LVR discount has been included in the advertised eligible rate.
^{^} Basic Home Loan Promotional Rate: This offer is only available for new Owner Occupier Basic Home Loan applications with Principal and Interest repayments received from 5 June 2020. Discount applies to our Basic Home Loan offer for the life of the loan. Excludes internal refinances and switches within St.George, Bank of Melbourne and BankSA. This offer may be varied or withdrawn at any time. Interest rates subject to change.
^{^^} Basic Home Loan Promotional Rate: This offer is only available for new Owner Occupier Basic Home Loan applications with Interest Only repayments received from 5 June 2020. Discount applies to our Basic Home Loan offer for the life of the loan. Excludes internal refinances and switches within St.George, Bank of Melbourne and BankSA. This offer may be varied or withdrawn at any time. Interest rates subject to change.
^{^^^} Basic Home Loan Promotional Rate: This offer is only available for new Residential Investment Basic Home Loan applications with Principal and Interest repayments received from 5 June 2020. Discount applies to our Basic Home Loan offer for the life of the loan. Excludes internal refinances and switches within St.George, Bank of Melbourne and BankSA. This offer may be varied or withdrawn at any time. Interest rates subject to change.
^{^^^^} Basic Home Loan Promotional Rate: This offer is only available for new Residential Investment Basic Home Loan applications with Interest Only repayments received from 5 June 2020. Discount applies to our Basic Home Loan offer for the life of the loan. Excludes internal refinances and switches within St.George, Bank of Melbourne and BankSA. This offer may be varied or withdrawn at any time. Interest rates subject to change.