Home Loans

Basic variable home loan

Our lowest variable home loan rate, with redraw and no ongoing fees.

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Why choose our Basic Home Loan?

A no frills loan

A home loan with a lower variable interest rate1, useful for 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 loan account fee

And a $0 lending establishment fee if you borrow more than $150k2 when making Principal & Interest repayments (see fees section).

Redraw facility

If you have made any extra repayments, you have access to redraw them.3

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.

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).3

New Owner Occupier Loans

  • 2.19% p.a Basic Home Loan Variable rate.
    Principal & Interest repayments.**
    Rate includes 1.74% p.a. discount off the Basic Home Loan rate for new loans.
    LVR+ above 60% up to 80%
  • 2.21% p.a Comparison rate*

New Residential Investment Loans

  • 2.49% p.a Basic Home Loan Variable rate.
    Principal & Interest repayments.***
    Rate includes 2.00% p.a. discount off the Basic Home Loan rate for new loans.
    LVR+ above 60% up to 80%
  • 2.51% p.a Comparison rate*

Fees

  • $0 Lending establishment fee if loan amount is greater than $150,0002 for customer making Principal & Interest repayments only.
  • $0 Loan account fee

Get 3K cashback when you refinance

$3K

Cashback^ When you Refinance


Apply by 30th November 2021, and settle by 28th February 2022. Owner Occupier (P&I repayments) and Residential Investment loans, with LVR less than 90%.  Available on home loans with our Advantage Package ($395 annual package fee) and our Basic Home Loan (no annual fee). $250k min loan. Only one $3K cashback offer available per primary applicant within a 12 month period. Excludes refinances from within Westpac Group.^ 

Looking to refinance?

 

FAQs

$3,000 Refinance Cashback per primary applicant for applications received between 1st July 2021 - 30th November 2021 and settled by 28th February 2022. Limit of one $3,000 cashback payment regardless of the number of applications, applicants, properties or loans involved per 12 month period. For joint applications, only one cashback payment will be paid to the primary applicant.

The cashback will be paid into a St.George transaction account within 60 days of settlement. The transaction account must be in the same name as the home loan account and linked to the home loan at the time of settlement. This account must be kept open for 60 days after settlement.

For the $3,000 cashback offer, tax consequences may arise for investors and you should seek independent advice.

Start your application online

Learn how much you could borrow.
It should only take around 20 minutes to apply.

A home loan expert will call you once you have submitted your application to talk through next steps.

Get started

 

Already started an online application with us? Retrieve your application.

Calculator & tools

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Compare our home loans

See at a glance how features differ by product.

Compare our home loans

Home loan interest rates

View our latest interest rates for a range of St.George home loans to suit your needs. Compare our variable and fixed interest rates for owner occupiers and investors.

View interest rates

Request a call back

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

Call us on

13 33 30

To talk with a St.George home loan expert, say "New home loan" when prompted.

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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.

* 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.

** Basic Home Loan Promotional Principal and Interest Rate: This offer is only available for new Owner Occupier Basic Home Loan applications with Principal and Interest repayments received from 04/11/2021. Discount applies to our Basic Home Loan offer for the life of the loan. Excludes internal refinances and switches within the Westpac Group, which includes Westpac, St.George, Bank of Melbourne, BankSA and RAMS. This offer may be varied or withdrawn at any time. Interest rates subject to change.

*** Residential Investment Basic Principal and Interest Promotional Rate: This offer is only available for new Residential Investment Basic Home Loan applications with Principal and Interest repayments received from 04/11/2021. Discount applies to our Basic Home Loan offer for the life of the loan. Excludes internal refinances and switches within the Westpac Group, which includes Westpac, St.George, Bank of Melbourne, BankSA and RAMS. This offer may be varied or withdrawn at any time. Interest rates subject to change.

#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, and consider if the product is right for you.

1Haggle free home loan rate: Available on Basic Variable (Simplicity) home loans only. Interest rates are subject to change. Applicable discounts off the Basic Home Loan rate may be withdrawn or varied at any time. Basic Variable Home Loan rate discount is valid for 14 days once the application is submitted. 

2 Upfront fees and other fees and charges may apply.

3 Redraw and rate lock requests are subject to our approval. Fees apply for rate lock.

+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.

^How does the refinance cashback offer work: Conditions, credit criteria, fees, charges, eligibility criteria and exclusions apply. Apply between 1st July 2021 to 30th November 2021 and settle by 28th February 2022 for refinance applications. Offer may be varied or withdrawn at any time. Min loan amount $250k and LVR must be less than 90% (LMI may apply). Offer available for Owner Occupier with Principal & Interest repayments and Residential Investment Loans (Principal and Interest & Interest Only repayments). Advantage Package ($395 annual package fee and T&Cs apply) and Basic Home Loans. Limit of one $3,000 cashback payment regardless of the number of applications, applicants, properties or loans involved per 12 month period. For joint applications, only one cashback payment will be paid to the primary applicant. Excludes Owner Occupier Interest Only, Portfolio Loans, residential lending originated under family or company trusts and refinances within Westpac Group (Westpac, St.George, Bank of Melbourne, BankSA and RAMS). The cashback will be paid into a St.George transaction account within 60 days of settlement. This account must be in the same name as the home loan account and linked to the home loan at settlement. Tax consequences may arise from this promotion for investors and customers should seek independent advice on any taxation matters.