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Why choose a Relocation Loan?

Remove the stress of timing the purchase or construction of your new home

Live in your existing home
For relocation loans to be used for building a new property, you can live in your existing home while your new home is being built.
Package and save
With a St.George Advantage Package you could get discounted interest rates and fees when you package your home loan, credit card and transaction account1.
Full interest offset
We have a range of interest offset facilities available, depending on the product chosen for the end loan. You could save interest by offsetting the funds in your linked transaction account against the balance of your loan.

How does it work?

If you're buying a new home,

a relocation loan could help you pay for the deposit, stamp duty and removalist costs on a new property (as well as the purchase price on settlement). You have 12 months after you receiving any funds to sell your current home.

If you're building a new home,

you can also use a relocation loan, living in your current home until construction is complete. You have 12 months after your first advance to build your new home, and sell the existing home.

Choose from 2 options...

Option 1.

Standalone Relocation loan

You repay the loan in full when you sell your current home.


No repayments are needed until you sell your home, at which point you repay the Relocation Loan in full. The balance you pay off will include interest, which is capitalised into the loan during the loan term.

Although not required, you can make additional lump sum payments at any time.

Option 2.

Relocation loan combined with a new loan

You partially pay off the loan when you sell your current home, then choose from a range of St.George home loans for the remaining balance.


No repayments are needed until you sell your home, at which point the Relocation loan is partially paid off by the proceeds from the sale of your existing home. You will then begin to make repayments on the remaining balance.

You can make additional payments at any time.

Tell me more

New Owner Occupier Loans

  • 5.35% p.a

    With Interest Only repayments
    LVR+ above 60% up to 80%



  • 5.52% p.a

    Comparison rate2



  • $600 Establishment fee3 (with end loan)
  • $1350 Establishment fee3 (without end loan)
  • $10 Monthly Administration fee

The Detail

Credit criteria, fees and charges apply. Terms and conditions available on request. 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.

Talk to us

Important information

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 (PDF 224KB)

Loan Accounts – Charges for specific services and accounts (PDF 183KB)

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.

  1. Advantage Package:
    annual fee of currently $395 applies, other fees may be payable. The fee savings apply for the duration of the package. Contact St.George to see if you are eligible to receive Advantage Package benefits.
  2. 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.
  3. Upfront fees and other fees and charges may apply.

+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. 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.