Basic variable home loan
Our no-frills variable home loan rate, with redraw and no establishment or ongoing monthly fees.
Why choose our variable Basic home loan?
No application fee
A no-frills home loan with $0 lending establishment fee.
No ongoing monthly fees
$0 monthly account-keeping fee. Other fees may apply.
Limitless extra repayments
With no extra repayment fee or limits, you’re free to pay off your loan as fast as you like.
Flexibility
Fee-free options include unlimited redraw1, Interest Only and reducing repayments if rates fall.
Our variable Basic home loan rates
Owner occupier rates for new loans with Principal & Interest repayments^
Investor rates for new loans with Principal & Interest repayments^
Compare all our rates and home loans
Set up and ongoing fees
| Fee | Charges |
|---|---|
| Lending establishment fee | $0 |
| Loan account fee |
$0 |
| Some other fees | Various (PDF 147KB) |
Book a Home Lender in minutes
Buying a home or need a new loan? Book a slot with a dedicated Home Loan Specialist at a time and location that works for you.
Choose your next step
Apply online now
Apply in 10-20 mins, or save your application and come back later.
- You could get conditional approval within 1 business day
- Your lender will finalise your loan through to settlement.
Book an appointment
Talk with a local lender at a time and place that works for you. They'll answer questions, guide your next steps, and tell how much you could borrow before any credit check, with no obligation.
- Tell us what you’d like to talk about
- Choose video, phone, in branch, or they can visit you.
Book an appointment
Pick a time and place that suits you to talk to a home loan specialist.
Important information
Conditions, credit criteria, fees and charges apply. Based on St.George's credit criteria, residential lending is not available for Non-Australian resident borrowers. Interest rates subject to change. Before making a decision, it's best to read the terms and conditions.
Loan Accounts - Charges for specific services and accounts (PDF 147KB)
This information is general in nature and has been prepared without taking your objectives, needs and overall financial situation into account. For this reason, you should consider the appropriateness of the information to your own circumstances and, if necessary, seek appropriate professional advice.
*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.
#Advantage Package: Terms & Conditions (PDF 1MB) apply. A $395 annual package fee applies and is payable from an eligible St.George transaction account. Before deciding to acquire a St.George transaction account, read the terms & conditions, and consider if the product is right for you.
+LVR stands for the initial loan to value ratio. 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. Home loan rates for new loans are set based on the initial LVR and won’t change during the life of the loan as the LVR changes.
^^^Basic Home Promotional Rates:
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 24/11/2023. 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 and BankSA. 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 24/11/2023. 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 and BankSA. This offer may be varied or withdrawn at any time. Interest rates subject to change.
Basic Home Loan Promotional Interest Only Rate: This offer is only available for new Owner Occupier Basic Home Loan applications with Interest Only repayments received from 26/10/2020. 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 and BankSA. This offer may be varied or withdrawn at any time. Interest rates subject to change.
Residential Investment Basic Interest Only Promotional Rate: This offer is only available for new Residential Investment Basic Home Loan applications with Interest Only repayments received from 24/11/2023. 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 and BankSA. This offer may be varied or withdrawn at any time. Interest rates subject to change.
1Redraw facility: if you have 'available funds' (you're ahead on your home loan repayments) and you've activated your redraw facility, you're free to redraw them with no redraw fee. Up to $100k will be available to redraw from your variable loan online or over the phone each day (in-branch it's $30k). For fixed loans you can redraw up to your prepayment threshold during your fixed term. Read our Home Loan Redraw Form (PDF 160KB) for full details.