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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.

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 $50,000 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. 
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.1


Choose between our Unsecured Personal Loans

Variable Rate Personal Loan

Whether you’re planning for your big day or the trip of a lifetime, our Variable rate Personal Loan can help.
 

6.89% p.a. to 19.99% p.a. Interest rate range
7.59% p.a. to 20.59% p.a. Comparison rate range^
15.49% p.a. Median rate
$2,000 -  $50,000 Borrowing amount
1 - 7 years Loan term
$0 establishment fee
Right now, we’ll waive your $150 establishment fee when you apply for a variable rate Unsecured Personal Loan by 18/12/23.##

Fixed Rate Personal Loan

Time to upgrade your ride or home? Or looking to combine your debts? Our Fixed rate Personal Loan may be the right fit.
 

6.89% p.a. to 19.99% p.a. Interest rate range
7.81% p.a. to 20.83% p.a.
Comparison rate range^
15.49% p.a.
Median rate
$2,000 -  $50,000 Borrowing amount
1 - 7 years Loan term



Our standard variable rate is 12.99% p.a. (comparison rate 14.06% p.a.^

The rate for some customers is based on personalised pricing. The final rate you’re offered may be lower or higher than 12.99% p.a. (comparison rate 14.06% p.a.^), depending on your personal financial circumstances. 

Key Fees

Variable rate Personal Loan

$150 Lending establishment fee
$10 Monthly loan account fee
$0 Per redraw on variable loans
$0 Loan discharge fee if you fully repay the loan within the first 12 months

Fixed rate Personal Loan

$150 Lending establishment fee
$10 Monthly loan account fee
$150 Loan discharge fee if you fully repay the loan within the first 12 months
$100 Loan discharge fee if you fully repay the loan after the first 12 months and before the end of the loan term

Fees are subject to change. 

Say goodbye to your establishment fee

With a variable rate personal loan

Apply for a variable rate personal loan today and we'll waive your establishment fee, saving you $150 upfront.##

Offer ends 18 December 2023.

 

Offer not available for fixed rate personal loans or secured personal loans. Eligibility criteria, fees and charges apply.

Repayment calculator

This calculator helps you estimate how much your personal loan repayments could be#.

 


Before you apply

Follow this section to improve the likelihood your application is approved. 

  • You’re aged 18 or over
  • You have permanent residency in Australia/NZ  OR;
  • You’re a non-resident or migrant and hold an acceptable Visa (PDF 269KB), with a minimum 1 year before expiry 
  • You have a regular, verifiable Australian taxable income
  • You have a fixed, verifiable residential address in Australia.

How to apply for a loan

1.
Apply online in 20 minutes, 10 minutes if you’re already with us.
2.
When you press submit you’ll get an answer within 60 seconds. Part of that answer may be that we’ll need to verify some of your details  
3.
Once your application’s approved, we’ll invite you to review and accept your contract online.
4.
Once you’ve accepted, we’ll automatically send the funds to the account (or accounts) you’ve nominated. If that’s an account with us, it’ll be there within 60 minutes.

Important information

Any advice on this website is general in nature and has been prepared without considering your objectives, financial situation or needs. Please read the product disclaimer and Terms and Conditions (PDF 678KB) documents and consider your individual circumstances before applying for a St.George Personal Loan. Credit criteria, fees, charges, terms and conditions apply. Information correct as of 27 November 2023. Interest rates are subject to change.

Our standard variable rate for unsecured variable rate loans is 12.99% p.a. (comparison rate 14.06% p.a.). The rate for some customers is based on personalised pricing. The final rate you’re offered may be lower or higher than 12.99% p.a. (comparison rate 14.06% p.a.), depending on your personal financial circumstances.

^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 loan discharge fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.

Unsecured Personal Loan repayment terms range from 1 to 7 years. 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 & variable rate loan is 6.89% p.a. (Comparison rate 7.81% p.a.) with the estimated total amount payable including fees is $36,327.
  • The maximum interest rate for an unsecured fixed & variable rate loan is 19.99% p.a. (Comparison rate 20.83% p.a.) with the estimated total amount payable including fees is $48,517.

#Repayment calculator & assumptions: Any calculations made by you using this calculator is intended as a guide only.  It is for illustrative purposes only and is based on the accuracy of the information provided.  The calculation is not an offer of credit. The amount you can borrow may vary once you complete a loan application and all the details relevant to our lending criteria are captured and verified.  The calculations should not be relied on for the purpose of making a decision whether to apply for a personal loan. Weekly and fortnightly repayment calculations – if your monthly repayments are $1000, fortnightly repayments are calculated by dividing $1000 by 2 and rounding up if required ($1000 ÷ 2 = $500). Weekly repayments are calculated by dividing $1000 by 4 and rounding up if required ($1000 ÷ 4 = $250).

##$0 establishment fee offer is available for customers who apply, are approved and accept their Variable rate personal loan contract before 18/12/23. To receive this offer applicants must apply online using the 'Apply now' button on this page and select ‘Variable rate loan’. This offer is not available for Fixed-rate or Secured Personal Loans. Excludes non-resident or migrant applicants. Offer can be changed or withdrawn at any time.

1A Redraw facility is available on variable interest rate loans only. Redraw requests are subject to approval. Minimum redraw amount is $500 and a $0 redraw fee applies to each approved request. Other fees and charges may apply.

*Access to funds within 60 minutes: Available for existing customers who apply for an Unsecured Personal Loan, as a single applicant online. Loan funds will be disbursed into an existing St.George account 60 minutes from final approval.

**Personalised rates: The rate for some customers is based on personalised pricing. Instead of a one-size-fits-all approach, personalised pricing allows us to offer more people personal loans at a better rate, based on an assessment of credit history as well as the information provided in the application.

Unless otherwise specified, the products and services described on this website are available only in Australia from St.George - A Division of Westpac Banking Corporation ABN 33 007 457 141 AFSL and Australian credit licence 233714.