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Why renovate with an Unsecured Personal Loan?

Set an end-date
Every repayment reduces what you owe and gets you closer to repaying the total cost of your renovation debt.
Borrow between $2k-$50k
Borrow up to $40,000 on your own or with someone else, then use the funds to bring your plans to life.
Customise repayments
Choose a term of 1-7 years, make weekly, fortnightly or monthly repayments and repay early without incurring break costs (an early repayment fee will apply).
Redraw if you need to
Redraw money on variable rate loans from the amount you've repaid if you need to, provided you're at least $500 ahead on your repayments. Each request is subject to approval and a fee. 1

How could an Unsecured Personal Loan help with renovation?

Commission designs
Cover the cost of architectural drawings and a design or appraisal from a structural engineer.
Pay the professionals
Confirm the builders, landscapers, electricians, plumbers or interior designers you need to realise your vision.
Make it feel like home
Put the ‘home’ into home renovation with a fresh coat of paint, new furniture, updated appliances or beautiful artwork.
Additional funds
Be ready to cover the unexpected expenses that sometimes arise with renovation projects.

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 11.49% p.a. fixed interest rate
  • 12.57% p.a. comparison rate^ 
  • Set repayments for simpler budgeting

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
  • $100 Early repayment fee if you fully repay the loan after the first 12 months and before the end of the loan term
  • Break cost If you choose to repay your fixed rate loan early in full or prepay at least $5,000 in any 12 month period or if your fixed rate loan is in default - break costs may apply. These costs are equal to the reasonable estimate of our loss for breaking a fixed loan term. Please refer to the Personal Loan Terms and Conditions for more details. 

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.

More on personal loans

Learn how we can help you manage your repayments and loan balance over the life of the loan, plus minimise fees and charges.

Tools and calculators

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 255KB) before making a decision and consider whether the product is appropriate for you. If you need help, call 13 33 30.

^Comparison rates: Comparison rates help you understand the true cost of a loan. All comparison rate examples shown are for a personal loan amount of $30,000 and a term of 5 years. WARNING: Comparison rates apply only to the example or examples given and may not include all fees and charges. Different loan 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.

Our personalised pricing means the interest rate on an approved application may vary, based on the information you provided and our credit assessment criteria. Personalised pricing interest rates are from 11.49% p.a. to 18.90% p.a. 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.

Unsecured Personal Loan repayment terms range from 1 to 5 years for a fixed rate loan and 1 to 7 years for a variable rate loan. Interest rate ranges and representative examples are based on an unsecured loan of $30,000 borrowed for 5 years:

  • The minimum interest rate for an unsecured fixed rate loan is 11.49% p.a. (Comparison rate 12.57% p.a.) with the estimated total amount payable including fees is $40,555.
  • The maximum interest rate for an unsecured fixed rate loan is 17.40% p.a. (Comparison rate 18.44% p.a.) with the estimated total amount payable including fees is $46,136.
  • The minimum interest rate for an unsecured variable rate loan is 12.99% p.a. (Comparison rate 14.06% p.a.) with the estimated total amount payable including fees is $41,932.
  • The maximum interest rate for an unsecured variable rate loan is 18.90% p.a. (comparison rate 19.93% p.a.). The estimated total amount payable including fees is $47,617.


1. Redraw on Variable Rate 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.