Basic home loan

Why?
Features
Rates & fees
Details

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Why choose a Basic Home Loan?

No monthly fees and a lower interest rate

A no frills loan

A home loan with a lower variable interest rate, useful for first home buyers or anyone who doesn’t want to pay for features they won’t use.

Make extra repayments at no extra cost

Pay off your loan sooner and save on interest.

$0 monthly service fee

And a $0 establishment fee if you borrow more than $150k³ when making Principal & Interest repayments (see fees section).

You also get…

No-frills low rate loan

Designed for someone who wants a no-frills, basic home loan.

Redraw facility

If you have made any extra repayments, you have access to redraw them. (fees apply)².

Learn more

Flexible repayments

Choose to make your repayments weekly, fortnightly or monthly.

Family Pledge

You could use the equity in a family member’s home to help you on your home buying journey and maximise the amount you can borrow.
Learn more

Take a break from repayments

You may be able to pause or reduce your repayments for a set period (keep in mind after the break your repayments may be higher for the rest of your loan term).²

Owner occupier

3.88% p.a
-Basic Home Loan Variable rate.
-Principal & Interest repayments.^{^#}
-Rate includes 0.90% p.a. discount off the Basic Home Loan Rate.
3.89% p.a Comparison rate*

Residential Investment

4.24% p.a
-Basic Home Loan Variable rate.
-Principal & Interest repayments.^{^^##}-Rate includes 1.10% p.a. discount off the Basic Home Loan Rate.
4.25% p.a Comparison rate^*

Fees

$0 Establishment Fee if loan amount is greater than $150,000² for customer making Principal & Interest repayments only.
$0 Monthly administration fee

The Detail

Conditions, fees and credit criteria apply. Before making a decision, it’s best to read the terms and conditions.

Residential Loan Agreement

General Terms and Conditions.

Loan Accounts

Charges for specific services and accounts.

A simple way to apply for a St.George home loan

Borrowing power

Find out your buying power so you could start house hunting with confidence – we’ll even show you what you could afford to spend on a property and costs involved.

Our lowest rate

We’ll give you our lowest rate upfront, personalised to your buying scenario.

Property valuation

If you’ve found the perfect property (or you’re refinancing), we will complete a real-time bank valuation to give you the confidence we will lend against the property.

Real support

Need help? You can live chat with us to help you complete the application 7 days a week (even outside of business hours).

Talk to us

Enquire online

A St.George home loan expert will call you back.

Find a lender

Find your nearest branch or mobile lender.

Not right? Try these

Fixed Rate

Lock in your rate

Find More

Important information

Conditions, fees and credit criteria apply.

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.

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.

* The comparison rate is based on a loan of $150,000 over a 25 year term. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

^ Basic Home Loan Promotional Rate:
This offer is only available for new Basic Home Loan applications received from 19 September 2018. 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 Basic Home Loan applications received from 7 November 2018. 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.

# Excludes Investment loan applications where the principal property securing the loan will be used to derive rental income or where the loan application purpose is to invest in real estate or to construct or make property improvements to an investment property.

## Excludes loan applications for owner occupier purposes (where the owner owns the property in which they live or intend to live in). Includes Investment loan applications where the principal property securing the loan will be used to derive rental income or where the loan application purpose is to invest in real estate or to construct or make property improvements to an investment property.

1. As compared to our standard variable interest rate.

2. Redraw, repayment pause and rate lock requests are subject to our approval. Fees apply.

3.Upfront fees and other fees and charges may apply.

Credit criteria, fees and charges apply. Property valuation: valuation is valid for 90 days. Your upfront bank valuation assessment may require further valuation assessment if your property does not fit lending guidelines. Personalised rate: variable interest rates are subject to change, the rate discount is valid for 14 days. For fixed rates, discounts are valid for 5 days. Support and live chat: dedicated teams are here to help you 7 days a week. Available 8am-10pm Mon-Fri and 9am-5pm Sat-Sun. St.George - A Division of Westpac Banking Corporation ABN 33 007 457 141 AFSL and Australian credit licence 233714.