Personal loans

Debt Consolidation

Simplify multiple debts by combining them into a single loan.

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Why consolidate debt with an Unsecured Personal Loan?

Borrow between $2k-$40k

Consolidate several credit cards, store cards and personal loans into a single debt balance.

A single interest rate

Know how much interest you're paying on the combined debts at any one time.

One regular repayment

Keep track of a single regular repayment on the combined debt.

Set an end-date for your loan

Every repayment reduces what you owe and gets you closer to paying off your loan.

Redraw facility on variable rate loans

Redraw money from the amount you've repaid, provided you're at least $500 ahead on your repayments. Each request is subject to approval and a fee. 1

Flexible loan repayments

Choose a loan term of 1-7 years to suit your circumstances and make weekly, fortnightly or monthly repayments.

Variable rate

  • 1-7 years flexible loan term
  • From 12.99% p.a. variable interest rate *
  • 14.06% p.a. comparison rate^
  • Pay your loan off sooner with fewer fees  

Fixed rate

  • 1-5 years flexible loan term  
  • From 12.99% p.a. fixed interest rate *
  • 14.06% p.a. comparison rate^ 
  • Set repayments for simpler budgeting

* Our risk-based pricing means the loan interest rate may vary between 12.49% p.a. and 19.99% p.a. depending on our credit assessment and the detail in your application. Interest rates may change and margins may apply in some circumstances. Your loan is more likely to be approved if you’ve been with St.George for six months or more.

The Detail

Before making a decision, please read these documents to ensure you’re aware of all fees, charges and interest rates.
Terms and conditions
General details of our personal loan products
Fees and charges
All costs for specific personal loan services and accounts

How to apply for a loan

1.
Apply online in 10 minutes – 5 minutes for existing customers – depending on your internet connection.
2.
We’ll then review your application and may ask you for more detail to verify your income.
3.
Once your application is approved, we’ll invite you to review and accept the contract online.
4.
Upon final approval, we’ll credit the funds into your loan account.
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Key fees

  • $195 Establishment fee
  • $12 Monthly administration fee
  • $10 Per redraw on variable loans
  • $150 Early repayment fee if you fully repay the loan within the first 12 months
    (you will also have to pay break costs on early repayment of a fixed rate loan)
  • $100 Early repayment fee if you fully repay the loan after the first 12 months and before the end of the loan term (you will also have to pay break costs on early repayment of a fixed rate loan)
  • $9 Fee when a direct debit order for payment from another institution is dishonoured

What is a break cost?
Break costs are an amount equal to our reasonable estimate of loss if you break a fixed rate loan term. You’ll need to pay break costs upon early payout or partial payment (in excess of the limit set out in the loan terms and conditions) of a fixed rate loan.

Fees are subject to change. 

More on debt consolidation

Learn how combining multiple debts into a single loan could help you simplify your debt and even pay less interest.

Calculators and resources

Use our online tools to learn more about your borrowing power and the types of loan we offer that could suit your purposes.

Frequently-asked questions

Learn from our selection of FAQ content to make the most of your loan’s features and capabilities.

Important information

Credit criteria, fees, charges, terms and conditions apply.

This information 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 and, if necessary, seek appropriate professional advice. Read the above product disclosure documents as well as the Online Banking Terms and Conditions (PDF 224KB) before making a decision and consider whether the product is appropriate for you. If you need help, call 13 33 30.

^The comparison rate is based on an Unsecured Personal Loan with a loan amount of $30,000 and a term of 5 years. WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.

1. Redraw on Loan: Redraw requests are subject to approval. Minimum redraw amount $500 and a redraw fee applies for each approved request. Other fees and charges may be payable.