What are the break costs for a fixed-rate loan with St.George Bank?

If you decide to exit a fixed-rate loan early, St.George Bank may charge break costs. These costs can be significant, so it's important to consider this before opting for a fixed-rate loan.

Why are there long hold times when contacting St.George Bank's customer service?

Many customers have reported long hold times and delays in service. This is an ongoing issue, and while St.George is aware, resolution times can still be lengthy.

What fees should I be aware of with a St.George home loan?

Be prepared for a high annual Advantage Package Fee of $395 and a loan discharge fee of $350 per mortgage. These can add up over the life of your loan.

How much would I save by refinancing to St.George Bank?

Refinancing a $1,000,000 loan to St.George could save you $137 per month, totaling $49,489 over 30 years. Savings depend on your specific loan amount and terms.

What happens if I experience fraud on my St.George account?

St.George offers a 100% refund on any money taken if you're a victim of fraud, as long as you notify them immediately. Prompt reporting is crucial for protection.

How long does it take to discharge a loan with St.George Bank?

The discharge process can take up to 15 business days, depending on the complexity of the case. A discharge fee of $350 applies.

Are there any rewards for choosing a home loan with St.George Bank?

Yes, you can earn up to 150,000 bonus Qantas Points with specific spending conditions, which can be a great perk if you frequently travel.

How much would my monthly payments be on a $500,000 loan at 6.29%?

For a $500,000 loan at 6.29% over 30 years, your monthly payments would be approximately $3,092, with a total interest of $612,978.

What should I do if my online hardship notice isn't addressed by St.George Bank?

St.George has faced penalties for not responding to online hardship notices in a timely manner. If you experience this, follow up persistently and consider escalating the issue if necessary.

UPDATED JUL 7, 2026

St.George Bank Home Loans: The 2026 Review

Earn up to 150,000 Qantas Points with no establishment fees. Watch out for the $395 annual fee. Ready to maximize your rewards?

Bheja Verdict

Very Good

4.0/5

✓

Competitive interest rates

✓

Great features: offset account, redraw facility

Check Eligibility

St.George Bank Home Loans At a Glance

🏷️Best Rate Available

6.29%

Variable • Owner Occupied

💳Application Fee

Fee-free options available

📅Monthly Fee

Fee-free options available

Loan Range:$10K - $100.0M

LVR:Up to 95%

Products:147 variations

Offset Account:Available

Current St.George Bank Home Loan Rates

Last updated: July 2026

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Average Rate: 7.38%
Best Rate: 6.39%
Monthly Payment: $3,124

Advanced

Sort By

Basic Variable Home Loan
St.George Bank
20%-30% DepositRedraw
6.39%
Interest Rate
Variable
6.40%
Comparison Rate*
$3,124
per month
Principal And Interest
Check Eligibility
Fees:
Discharge
$350+ other fees may apply
Variable Home Loan with Offset
St.George Bank
20%-30% DepositOffsetRedraw
6.49%
Interest Rate
Variable
6.86%
Comparison Rate*
$3,157
per month
Principal And Interest
Check Eligibility
Fees:
Application $600Ongoing/year $395
Discharge
$350+ other fees may apply
Basic Variable Home Loan
St.George Bank
5%-20% DepositRedraw
6.69%
Interest Rate
Variable
6.70%
Comparison Rate*
$3,223
per month
Principal And Interest
Check Eligibility
Fees:
Discharge
$350+ other fees may apply
Variable Home Loan with Offset
St.George Bank
5%-20% DepositOffsetRedraw
6.79%
Interest Rate
Variable
7.16%
Comparison Rate*
$3,256
per month
Principal And Interest
Check Eligibility
Fees:
Application $600Ongoing/year $395
Discharge
$350+ other fees may apply
Variable Home Loan with Offset
St.George Bank
20%-30% DepositOffsetRedraw
8.81%
Interest Rate
Variable
8.95%
Comparison Rate*
$3,955
per month
Principal And Interest
Check Eligibility
Fees:
Application $600Ongoing/year $395
Discharge
$350+ other fees may apply
Variable Home Loan with Offset
St.George Bank
5%-20% DepositOffsetRedraw
9.11%
Interest Rate
Variable
9.25%
Comparison Rate*
$4,063
per month
Principal And Interest
Check Eligibility
Fees:
Application $600Ongoing/year $395
Discharge
$350+ other fees may apply

St.George Bank Product Statistics

Real-time insights and market analysis

St.George Bank offers 5 home loan products across 147 variations, the average variable rate is 7.86% p.a., the best available rate is 6.29% p.a..

Average Variable Rate

7.86%

37 products

Average Fixed Rate

6.95%

110 products

Best Available Rate

6.29%

Variable • Owner Occupied • P&I

Total Products

147 variations

Fee Summary

Application Fee

7% fee-free

$0 - $600

Monthly Fee

7% fee-free

$0 - $8

Discharge Fee

$350

Late Payment Fee

$15

Key Features

Across St.George Bank's range: 22 include an offset account, 143 offer redraw, 147 allow extra repayments, 147 support split loans.

Offset Account

15%

Redraw Facility

97%

Extra Repayments

100%

Split Loan

100%

Product Ranges

St.George Bank's interest rates range from 6.29% to 9.96% p.a., maximum LVR from 70% to 95%, loan amounts span $10,000 to $100,000,000.

Interest Rates6.29% — 9.96%

Max LVR70% — 95%

Loan Amount$10K — $100.0M

Disclaimer: The key features displayed highlight what's available across the lender's home loan range. Individual products and variations may differ. Use the product table to search for a loan with the specific features you're looking for.

How St.George Bank Compares

FEATURE	St.George Bank	Westpac	MyCard	Bankwest	BankSA
Best Variable Rate	6.29%	6.39%	—	6.19%	6.29%
Best Fixed Rate (3yr)	6.54%BEST	6.54%	—	6.69%	6.54%
Application Fee	$0BEST	$0	$0	$0	$0
Monthly Admin Fee	$0BEST	$0	$0	$12	$0
Offset Account			—
Redraw Facility			—
Product Variations	147	172	0	105	147

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Bheja Insight: St.George Bank offers offset accounts like most mid-tier banks, helping reduce interest while keeping funds accessible.

About St.George Bank

Company overview and contact information

St.George Bank, established in 1937 in Hurstville, Australia, is a major bank and part of the Big 4, owned by Westpac Banking Corporation since 2008. With its headquarters in Sydney, St.George Bank operates through a combination of branches and online services, providing comprehensive financial solutions to its customers.

St.George Bank offers a diverse range of home loan products, featuring 147 variations with interest rates ranging from 6.29% to 9.96%. Their offerings include unique features such as the Family Pledge option and the ability to lock in fixed rates to avoid future rate rises. Notably, they do not charge lending establishment, loan account, or ongoing fees, making their products attractive to a wide range of borrowers.

What sets St.George Bank apart is their special programs like the Amplify Qantas Rewards, which offers up to 150,000 bonus Qantas Points under specific conditions. As a holder of an Australian Financial Services Licence (AFSL 233714), they are regulated by APRA, ensuring a high standard of financial security and trust for their customers.

Company Details

Legal Name: St.George Bank

ABN: 33007457141

ACN: 007457141

Established: 1937

Headquarters: Sydney, Australia

Ownership: Big 4 Owned

AFSL: 233714

Parent Company: Westpac Banking Corporation

Key Features

St.George Bank offers a range of home loan products with features designed to provide financial flexibility, cost savings, and convenient management options for borrowers. Key benefits include no ongoing fees, flexible repayment options, and comprehensive digital banking tools.

Offset Account

St.George Bank offers an offset account feature, allowing borrowers to link up to 10 accounts to their home loan. This can significantly reduce the interest payable, with potential savings of $524 per month on a $100,000 offset balance. Fees apply for this feature.

Redraw Facility

For loans fixed from 17 May 2020, borrowers can redraw funds paid during the fixed rate period up to a $30,000 prepayment threshold. Loans fixed before this date allow up to $10,000 redraw per anniversary year. This provides flexibility to access extra repayments if needed.

No Ongoing Fees

St.George Bank’s home loans come with no ongoing monthly account-keeping fees, providing cost savings for borrowers. This feature is available on all products, helping to reduce the overall cost of the loan.

Flexible Repayment Options

Borrowers can choose from weekly, fortnightly, or monthly repayment schedules. This flexibility allows borrowers to align repayments with their cash flow, making budgeting easier and more convenient.

Family Pledge

The Family Pledge feature allows borrowers to use the equity in a family member's home to guarantee part of their home loan. This can help maximise borrowing capacity and potentially eliminate the need for lenders mortgage insurance.

Fraud Protection

St.George Bank provides a 100% refund on any unauthorised transactions if fraud occurs, provided the borrower notifies the bank immediately. This offers peace of mind and financial security for borrowers.

Digital Banking Features

St.George Bank offers comprehensive online banking and mobile app services, allowing borrowers to manage their loans conveniently. Features include account management, transaction history, and automated valuations.

Extra Repayments

Borrowers can make unlimited extra repayments on variable rate loans without incurring fees. This feature enables faster loan repayment and interest savings, providing significant financial flexibility.

Combination Loan Feature

The combination loan feature allows borrowers to split their loan into fixed and variable portions. This offers the security of fixed rates and the flexibility of variable rates, catering to diverse financial strategies.

Guarantor Features

Subject to terms and conditions, St.George Bank offers guarantor features, allowing a third party to guarantee the loan. This can assist borrowers in securing a home loan when their deposit is insufficient.

Fees & Charges

St.George Bank offers a comprehensive range of home loan products with various fees, including upfront, ongoing, and conditional charges. The bank provides fee waivers and special offers to enhance affordability and transparency for borrowers.

Fee Type

Amount

Description

Lending Establishment Fee

$0-$600

Charged for loan establishment; $0 for Basic Home Loan, $600 for others.

Property Valuer Fee

Variable

Dependent on the location and value of the security property, starting from $164.

Document Processing Fee

$100

Charged for processing settlement services, including document validation and conveyancing.

Annual Advantage Package Fee

$395/year

Charged annually for Standard Variable and Fixed Rate Home Loans, waives certain fees and includes discounts.

Loan Discharge Fee

$350

Applies per mortgage upon loan discharge, with a process taking up to 15 business days.

Break Cost Fee

Variable

Calculated for early repayment or breaking a fixed-rate period, based on the bank's estimated loss.

Missed Payment Fee

$15

Charged when an arrears letter is sent for an overdue amount.

Fixed Rate Lock-In Fee

0.15% of loan amount or $500, capped at $1,000

Applies to lock in a fixed rate for loans up to $2M.

Loan Account Fee

$0-$8/month

$0 for Basic Home Loan, $8 for others, waived under Advantage Package.

Fees subject to change. Refer to lender documentation for current rates.

Eligibility Criteria

St.George Bank offers home loans to a wide range of borrowers, including individuals, trusts, and companies, with flexible options for both Australian and New Zealand citizens or permanent residents. Whether you're a new or existing customer, St.George Bank provides various loan products to suit different needs and circumstances.

Must be at least 18 years old.

Must be an Australian or New Zealand citizen or a permanent resident.

Eligible for individuals, trusts, companies, and partnerships.

Must be a new or existing home loan customer.

Loan-to-Value Ratio (LVR) must be between 70% and 95%.

Loan amounts range from $10,000 to $100,000,000.

Must be an owner occupier buying a new home or vacant land to build a new home.

Important Notes

Lenders Mortgage Insurance (LMI) may be required for loans with an LVR above 80%.
Special offers such as the Advantage Package provide fee waivers and rate discounts.
Relocation loans are available for those buying a new home before selling the old one.
Check the details of a particular offer before making an application.

St.George Bank Home Loan Pros & Cons

Our expert take on whether St.George Bank is right for you

Pros

+No lending establishment or ongoing fees
+Conditional approval within 1 business day
+Cashback offers available for refinances

Cons

–Above market interest rates
–High annual Advantage Package Fee
–Poor customer service reputation

Best For

Borrowers seeking fixed-rate loans with redraw options
Homeowners looking for no ongoing fees
Customers interested in cashback offers

Not Ideal For

Borrowers prioritizing low interest rates
Customers seeking exceptional customer service

💡

Bheja Verdict: St.George Bank offers a range of home loans with competitive features, but higher-than-average rates and customer service issues may deter some borrowers.

Expert Secrets (Why Use Us?)

Insider knowledge about St.George Bank that most borrowers don't know

LMI Cost Examples

1For a $500,000 loan at 85% LVR, LMI costs $6,000; at 90% LVR, it's $12,500; and at 95% LVR, it's $21,000.

2A $750,000 loan incurs LMI of $9,000 at 85% LVR, $18,750 at 90% LVR, and $31,500 at 95% LVR.

3For a $1,000,000 loan, LMI costs are $12,000 at 85% LVR, $25,000 at 90% LVR, and $42,000 at 95% LVR.

4No LMI waivers are available, emphasizing the importance of understanding these additional costs.

Fee Waivers

No annual fee for the first year on the St.George Vertigo credit card if you spend $1,000 or more in the first 3 months.

Advantage Package waives certain fees with a $395 annual fee, including no annual credit card fee.

Offset Benefits

A $10,000 offset saves $52/month ($624/year), significantly reducing interest over the loan term.

A $25,000 offset saves $131/month ($1,572/year), providing substantial yearly savings.

A $50,000 offset saves $262/month ($3,144/year), which can be reinvested or used for other expenses.

A $100,000 offset saves $524/month ($6,288/year), maximizing interest savings and reducing loan term.

Admin & Logistics (The Help Desk)

Everything you need to manage your loan

Application Process

4 Steps

Submit Discharge Request Form: Complete and submit the discharge request form available on the St.George Bank website or through customer service. (Tip: Ensure all details are accurate to prevent delays.)

Pay Discharge Fee: Pay the $350 discharge fee per mortgage. This can be done online or through your bank branch. (Tip: Confirm payment has been processed to avoid any hold-ups.)

Await Processing: The bank will process your discharge request, which may take up to 15 business days. (Tip: Monitor your email or contact the bank for updates on the status.)

Receive Confirmation of Discharge: Once processed, you will receive confirmation that your loan has been discharged. (Tip: Keep this confirmation for your records.)

Processing Times

Discharge ProcessUp to 15 business days

💡

Pro Tips

Request the discharge at least 2 weeks before your desired settlement date to ensure timely processing.
Double-check that all fees are paid to avoid any delays in the discharge process.
Contact customer service at 1300 304 660 for any questions or clarifications.
Consider discussing any potential fee waivers with your bank representative.
Ensure all your contact details are up-to-date with the bank to receive timely notifications.

St.George Bank Mortgage Calculator

Estimate your repayments using current St.George Bank home loan rates

Over 30 years, borrowing $480,000 at 6.29%, total cost including interest and known fees could be around $1,068,909. Estimated monthly repayment: $2,967.94.

Home loan option

Property price

Your deposit

Loan term (years)Repayment frequency

Estimated total cost over 30 years

$1,068,909

Estimated repayment

$2,967.94

monthly repayment

Amount you borrow: $480,000 · At 6.29% · Variable — can change with the market

This loan can be split between fixed and variable. This estimate uses one option only.

Known fees in this estimate

Settlement fee: $100
Discharge fee: $350
Total ongoing fees (30 yrs): $0

How is this calculated?

Estimated total cost includes the amount borrowed, interest over the full loan term, and any upfront, ongoing, and discharge fees published by the lender. It does not include stamp duty, LMI, or savings from an offset account.

The revert rate is the rate your loan may switch to when a fixed, introductory, or interest-only period ends. Where a lender hasn't published this rate, we use an estimate.

Cost breakdown

Amount you borrow: $480,000
Total interest: $588,459
Upfront fees: $100
Ongoing fees: $0
Discharge fee: $350
Estimated total cost: $1,068,909

These figures are estimates only. Your actual repayments and costs may differ. Confirm all details with your lender before making a decision.
Where a lender hasn't published their revert rate (the rate that applies after a fixed, introductory, or interest-only period ends), we estimate it. Your repayments may change when this period ends.
Split loans and offset accounts aren't included in this estimate.
For product comparison and comparison rates, see the rates table above.

Still Unsure? Let a human handle it.

Not sure if St.George Bank is right for you? Our brokers can help you compare options.

Frequently Asked Questions

The approval process can vary, but online applications initiated through the St.George website typically start the process. It’s best to allow a few weeks for approval, depending on the complexity of your case.