• expired

St George Bank $4000 + $2000 Per Additional Property Refinance Cash Rebate 2.94% No Annual Fee + 0.3% Bundle Rebate (> $250k)


The deals keep coming!

St.George is introducing a new Refinance Cashback offer for new refinance applications on the Advantage Package and Basic Home Loans.

$4,000 Refinance Cashback for their first refinance application, plus a bonus $2,000 for every additional property refinanced. (further -0.05% for <60% LVR)
Update 3/3/20: St George and big 4 banks have already passed on the full 0.25% cut. Note this is for variable rates only.

St George Basic
No annual fees, free online redraw, no offset. https://www.stgeorge.com.au/personal/home-loans/our-home-loa...
Rates from
2.99% (CPR 3.01%) owner occ variable P&I (further -0.05% for <60% LVR)
3.54% (CPR 3.56%) investor variable P&I (further -0.05% for <60% LVR)

St George Package
$395 annual fees, offset account, free redraw, premium credit card. https://www.stgeorge.com.au/personal/home-loans/our-home-loa...
Rates from
3.09% (CPR 3.97%) owner occ variable P&I. (further -0.05% for <60% LVR)
(CPR 4.43%) investor variable P&I (+0.2% for investor interest only) (further -0.05% for <60% LVR)

PLUS 0.3% Bundle Rebate for purchase or refinance

In ADDITION to bank rebates, Bundle Home Loans gives a rebate of 0.3% of loan size (net of offset ie balance owing) for ANY bank or product, eg:
(Paid 50/50 at 2 and 24 months after settlement).

$400,000 = $1,200 Bundle cash rebate
$700,000 = $2,100 Bundle cash rebate
$1,000,000 = $3,000 Bundle cash rebate

$4,000 Refinance Cashback Offer details

The important detail:
• A $4,000 refinance cashback for the first application and a bonus $2,000 for every additional property refinanced is applicable for new St.George refinance applications received between 24 February 2020 to 31 March 2020 and settled by 31 May 2020.
• The $4,000 refinance cashback is limited for the first application only, regardless of the number of customers, properties or applications involved; and only one bonus $2,000 cashback will be paid for every additional property refinanced regardless of the number of loans involved.
• Offer available on the Advantage Package and Basic Home Loans for Owner Occupier with Principal & Interest repayments and all Residential Investment Loans.
• Applicants must have a St.George transaction account linked to the home loan at the time of settlement. The transaction account must be kept open for at least 60 days after settlement for the cashback to be paid into.
• Applicants’ home loan repayments must be direct debited from this St.George transaction account.

Eligibility criteria:
• For new refinance applications received from 24 February 2020 to 31 March 2020 and settled by 31 May 2020.
• Available for St.George Owner Occupier (Principal & Interest repayments only) and all Residential Investment home loans.
• Available for Basic home loans and home loans under the Advantage Package. $395 annual package fee applies.
• Minimum loan size of $250,000 per property refinanced.
• Excludes Portfolio Loans, switches and refinances of home loans within the Westpac Group which include St. George, Bank Of Melbourne, Westpac, BankSA and RAMS.
• Offer not available for Owner Occupier Interest Only loans or residential lending originated under family or company trusts.
• Offer may be varied or withdrawn at any time.

Other great offers
Westpac 2.99% Investor Fixed + $3000 Per Property Refinance / $2000 Purchase Rebate + Annual Fee Waived 1yr

(hurry rate offer expires end of month 29 Feb 2020)

ANZ 2.68% Fixed 2yr Home Loan + up to $3500 Refinance Rebate


Total fees

Total Fees eg NSW & VIC incl GST

Mortgage discharge fees $143.5 (NSW), $116.80 (VIC)
Transfer/Mortgage Registration fee $143.5 (NSW), $116.80 (VIC)
Title search $14.70 (NSW)
Legal/settlement fee from incoming lender – Approx $100-$350
Discharge admin fee from outgoing lender – Approx $250-$350
Total fees approx $650 - $800 in most cases.

Let me know if we can help.

We have some of the lowest rates, and can get pricing discounts up to 2.05%.
Our policy is to beat any competitor/broker/lending manager with our rates and rebates, so will do whatever it takes to get the best deal for you.

Len Yin
Bundle Property Home Loans
T: (02) 9698 7186
M: 0422354868
E: [email protected]
ACL 445947

We've been getting overwhelming responses lately and many phone calls but will reply within 24-48 hours. If your matter is urgent please call/text us and advise it is an urgent purchase or fixed expiring. For refinances, please try to email us at first instance and we will respond ASAP. Please email to [email protected] or [email protected] or [email protected]. We usually send emails from our gmail as emails from @bundleproperty.com.au goes into people's junk mail as spam. Thanks for your understanding.

The information provided is for general education purposes only and is not intended to constitute specialist or personal advice. This has been provided without taking into account your objectives, financial situation or needs. Because of this, you should consider the appropriateness of the advice to your own situation and needs before taking any action. It should not be relied upon for the purposes of entering into any legal or financial commitments. Specific investment advice should be obtained from a suitably qualified professional before adopting any investment strategy.

Related Stores

St.George Bank
St.George Bank
Bundle Property Home Loans
Bundle Property Home Loans

closed Comments

  • Any deals for investment I/O ?

    • +1

      Offer available on the Advantage Package and Basic Home Loans for Owner Occupier with Principal & Interest repayments and all Residential Investment Loans.

      This deal?

      • Updated above. Inv IO from 3.59% variable.

  • +1

    Can I transfer my $250K loan (of which I usually have a 0.01 balance at ubank) and pay off 249,999 immediately?

    I know there will be stamp duty and things like this. Trying to figure out if it can still clear me a $2k+ profit

    (I still want the loan facility open for some future works we have planned)

    • You will see alot of loans have early discharge fees

      Like as in if you pay the loan off within 3 years ext.
      I've seen them range from $350 to a % of the loan sometimes :)


      ExistingHome Loansthe higher of 0.15% of the loan amount (to be at a fixed rate) or $500.For loan amounts up to $2M, the fee is capped at $1,000. For loans >$2M the 0.15% of the loan balance applies.


      • +3

        thanks for the reply. I'll read up

      • +4

        Early discharge fees aren't a thing anymore.

        Just get a variable interest rate and you can refinance whenever and pay the same fees as anyone else.

    • +2

      In some cases, the above can lead to the broker getting paid a commission on $0.01. If you are going to do something like this, go straight to the bank direct.

    • Yes, I have done this

  • +1

    Could I refinance my loan, get the 4K minus fees, then return to my previous lender if they have a better rate? Also, why doesn't everyone do this who has over 250k owing?

    • +5

      A lot of paper work, and headaches, etc. Most lenders will attempt to offer a better deal to retain you, but there is only so much some lenders can do. Move to another lender if it makes sense.

      • +6

        more credit checks eg if your circumstances have changed eg partner no longer working

        • Yep, right here. Can no longer afford my home loan apparently…

  • +1

    When I enquired about the WBC offer they wanted an LVR of <= 70%. What is the LVR requirements for the St George deal?

    • Westpac give further -0.1% for <70LVR.
      STG give further -0.05% for <60LVR.

      • +1

        So that would be 2.89% for <70LVR? Recently refinanced on <70LVR, but I thought the valuation was pretty generous and wouldn't be confident of getting that in the market (or another valuation). 2.89% is only just above my current rate, so with $4k cash back I'd have to consider it.

  • Ah! i am already with BankSA about a month ago. any way I can get on this deal? with some sweet talking on the phone maybe. haha

    • +1


      ANZ 2.68% Fixed 2yr Home Loan + up to $3500 Refinance Rebate

      • Are you able to advise what the desktop valuation would be so we can get an idea of the LVR before applying for refinance?

    • +1

      No, St George and BankSA are part of the Westpac group so you wouldn’t be eligible. Better off going to NAB, who is offering $4k Cashback.

  • 3.44% variable rate

    • From 2.99% basic above

      • No offset.

        • +1

          You (probably) don't need an offset.

          • @ely: Yes. Offset is absolutely important.

            • +2

              @keyboardwarrior: It's important if you plan on converting to an investment property in the future, otherwise it's redundant. If you get it for $0 take it but don't make the mistake of paying for it.

              • @ely: More detailed explanation.

                For tax reasons, if you plan on converting your home in to an investment property in the future, and expect to claim interest as an expense, then you will want an offset because the redrawing makes this a mess (which is crazy, but it is what it is). Note that you can rent out your primary residence for quite a while before it necessarily has to become an investment property and this might be better for CGT reasons than claiming interest as expenses, depends on your circumstances, talk to your accountant, etc.

                Otherwise many people seem to think that they need an offset account, but you can do fine using redraw. Just put all of your income in to your mortgage, all of your expenses on credit card, and redraw to pay the credit cards in full every month. This works out marginally better than offset in terms of interest because the interest free period on the credit cards lets you keep a higher average balance against your mortgage than if you were paying this out of your offset instead - the difference isn't likely to be large though, the key thing is that you're not actually behind as many people seem to think. You'll also get some additional benefit in the form of rewards points / sign up bonuses from running everything through a credit card, how much this is worth to you is up to you, but a small added bonus.

                Offset is probably easier, and doesn't require you to be as organised (and you can still run everything through a credit card if you want), so if you want it and can get it for free then there's no downside to it that I can see. I just wouldn't pay more for it, and the cheapest options tend to come without it (e.g. TicToc / Athena have very good rates, but offset is a paid extra).

  • got an error when tried to email,
    [email protected]
    (ultimately generated from [email protected])
    host se4-syd.hostedmail.net.au []
    SMTP error from remote mail server after end of data:
    550 High probability of spam

  • Why is the deal only on refinancing and not on Taki g out a new loan?

  • Hi Len

    I sent you an email to you last Saturday but still haven’t got your response. Can you please check my email. Thanks

    • Thanks, pls DM me your email and I will respond.

    • good luck

  • +1

    cheers for the fee breakdown, sounds like it's in my interests to look at doing this now given the vastly differnt interest rate to what I'm paying

  • Damn it, refinanced just a month ago when it was 4K.
    Will keep an eye and see if another bank is matching in 5 months.

    • Same situation here.. Seems like the deals keep getting more and more competitive :/

    • Why in 5 months?

      • Because it’s best to have 6 months bank statements. Also I don’t want to change so Often

        • +1


    • NAB is offering $4k too at the moment.

  • -3

    Is it just me or does this feel like they are pushing more and more debt? I’m starting to get sceptical

    • +1

      No, they still need to lend per the responsible lending regulations. If anything it’s harder to get a home loan now given the scrutiny of expenses. They are purely doing it to build market share and grow their loan books.

  • Good for some, not for everyone. Important to do your sums. If I refinanced with the StG basic offer my repayments would increase $316 per month. By the time I got the 24 month Bundle bonus I'd be over $2000 worse off after fees. And I'd lose the offset account I currently enjoy.

    The pain of a high interest rate continues long after the thrill of a sign-on bonus has faded

    • +1

      It’s pretty subjective I moved from 3.39 to 3.01 with st George, so paying less and $$3100 bonus ($900 approximately cost). No brainer for me

    • +2

      Who are you with that's offering a significantly better interest rate than the 2.99%?

    • Your loan must be huge! You've probably applied a interest rate difference of 1% rather than 0.1%?

  • +1

    Great to see this offer back. I switched to StGeorge from another lender in December last year. I was able to get 3.04 for my primary residence and 3.49 for my investment. All the cash backs got paid so, win win with interest rates and cash back. The process was simple (With a great broker I was put forward to via the online chat) as long as you have your documents in tact. Hope this helps

  • Wondering if refinance from Bank of Melbourne to St George accepted?

    • Generally refinances within the same group will not pay cashback, I don't know in this specific case, but it would be unusual.

    • Please note the Refinance Cashback offer excludes:

      • Internal refinances or switches within the Westpac Group, which includes Westpac, St.George, Bank of Melbourne, BankSA and RAMS
    • You can refi but no rebates within same Westpac group. You still get our 0.3% bundle rebate

  • +2

    If I took your offer and refinance after 6 months do I have to pay a clawback?

    • Yes. Our 0.3% bundle rebate has a 18-24 month clawback policy in accordance with the bank's clawback of our commission.

      • How does that work mate? If you refinance after 6 months you have to pay back $3000 as a clawback, 12 months $2000, 18 months $1000 and if you refinance after 2 years no clawback?

  • To be quite frank, I am with St George and stupidly locked in on an interest rate until November. Their customer service and ability to help on enquiries is almost non existent. I would go elsewhere or take up the NAB offer which gives you until end of June I believe.

  • +4

    has anyone refinanced through this broker yet? Any good?

  • Noob question: Suppose I have a mortgage of 400k with offset, and that offset contains 50k. If i were to refinance at this point, would I need to empty the offset to myself or would that offset money belong to the first lender?

    • +1

      If you refinanced for the same loan limit of $400k, you will still have $50k in the current bank offset/savings account. After the refinance remember to manually move the $50k into the new bank's offset/loan account.

  • +1


    The fees to refinance with St George seem a lot higher than the ANZ deal. Even though the rebate from St George can be $1500 higher than ANZ, this is to cover the extra fees.

    OP, for a hypothetical $435,000 refinance can you do a comparison of fees (including any annual fees) between:
    1. St George basic 2.99% (CPR 3.01%) owner occ variable P&I
    2. ANZ 3.09% (CPR 4.65%) owner occupied P&I
    3. Westpac Owner 3.04% variable (CPR 3.45%)

  • +1

    I wonder if the rebate needs to be treated as income for tax purposes?

  • Any chance of being eligible for the amplify platinum $400 gift card as part of this too?
    Or I guess I could apply for this independently and then roll it in to the advantages package?

    • Best to call the lender directly for the exactly card you want as cc's change constantly so don't want to tell you the wrong card.

    • yes I have the same question. can we get the bonuses for a credit card applied for separately then roll it into the package? would there be fees charged for the gap period between getting the card and getting the bonus then rolling it into the package?

  • Are there any mortgage deals for small balances? EG,under $150k?

  • Is the .30 rebate just the trail commission you pay over the life of the loan? How does that work?

    • Bundle Rebate is paid in 2 instalments, 50% at 2 months and 50% at 24 months after settlement per our Credit guide and in accordance with Lender’s up to 24 month clawback policy. For background, we are able to provide a rebate to the customer from the the commission that lenders pay us. Lenders claw back our commission up to 24 months after settlement, so that if a customer refinances/sells/discharges and our commission is clawed back, if we have already paid out rebate, not only are we doing the work for free, we suffer a loss of the rebate amount out of our own pocket. We present a signed legally binding agreement outlining these T&C's confirming our obligation to pay you the rebates, as well as the customer's obligations to return the rebate to us should a clawback event occur. Importantly, this only relates to return of our rebate given to you, we do not charge a fee for lost commission. But even if you must refinance and leave, as long as you stick with me and I help you do it, you can keep the rebate (as the new bank commission would replace the clawback). Thank you for your understanding.

  • Is the 3.04% variable rate under package only for certain loan size eg >$1m?

  • As it says "first refinance application", does that mean if I had applied previously online (but then did not proceed with refinance), I will not qualify for the $4000 refinance rebate if I apply now?

    • If you've never received a $4k rebate, you should be eligible

  • Im currently with st george on a 3.71% fixed. Ami elible to refinance and get the 4k? I refinanced in 2018 with stgeorge.

  • ref STG No Annual Fee , does that mean the $395 annual offset package fee is waived and you can also get their credit card annual fee waived?

    • The Basic product has no fee and no offset, but free redraw.
      The Package product has annual fee with offset.

  • Hi OP, What's the best available variable interest rate for St George now afyer the rate cut on 65% LVR on package? Thx

  • I only need 2,20,000 loan. If I borrow $2,50,000 and pay back $30,000 just next day after the settlement, will I still get the $4,000 rebate?

  • hi Op. Besides the generous conditional bundle rebate, would you mind advising what benefits there are to refinance using your services rather than doing it online with the bank?
    Also once the loan is in place, would we have to go through your organisation to do splits etc or can we deal directly with the bank?

  • What's the minimum loan amount Len -Bundle Loans will accept? My sister just tried to apply for $250,000 and was told to apply direct as you wouldn't make any money off the deal?

  • Has anyone completed their refinance? I'm still waiting after three months.