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St George Bank from 2.59% No Annual Fee Home Loan + $2000 Cash Rebate per property (> $250k) + up to 0.4% Bundle Rebate

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St George Bank 2.64% (<80%LVR), or 2.59% (<60%LVR) No Annual Fee Home Loan + $2000 Cash Rebate per property (> $250k) + up to 0.4% Broker Rebate
SLA's are back to ~2 business days after the blowout of up to 4-6 weeks from the previous promotion.

St George Basic Product

No annual fees, free online redraw, no offset.
2.64% (CPR 2.66%) owner occ variable P&I (further -0.05% for <60% LVR = 2.59%)
3.09% (CPR 3.11%) investor variable P&I (further -0.05% for <60% LVR = 3.04%)

St George Package

$395 annual fees, offset account, free redraw, premium credit card.
Rates from below (variable rates subject to approval)

2.24% (CPR 3.45%) fixed 1-3 years owner occ P&I.
2.74% (CPR 3.99%) fixed 2-3 years investor P&I.
2.79% (CPR 3.67%) owner occ variable P&I. (further -0.05% for <60% LVR)
3.09% (CPR 4.13%) investor variable P&I (+0.2% for investor interest only) (further -0.05% for <60% LVR)

Total fees

Total Fees eg NSW & VIC incl GST
https://www.nswlrs.com.au/getattachment/
https://www.propertyandlandtitles.vic.gov.au/

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.

PLUS up to 0.4% Broker Rebate for purchase or refinance (available via us only, not via the bank)

In ADDITION to bank rebates, we have up to 0.4% rebate of loan size (net of offset ie balance owing) for ANY bank or product (Paid 50/50 at 2 and 24 months after settlement).

We are pleased to announce we have added a $1m+ tier of 0.4% rebate of loan size (net of offset ie balance owing) for new loans.

Disclaimer:
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.

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

Mod: Third party information must be at the bottom of the deal description

Related Stores

St.George Bank
St.George Bank
Bundle Property Home Loans
Bundle Property Home Loans
Third-Party

closed Comments

  • +1

    looks good. I'll contact in the new financial year.

  • If I have a current loan facility of <$200K, how difficult is it to refinance for a $250K loan facility? A previous enquiry reveals it's not that simple (something about equity transfer).

    • +1

      Just redraw another $50k for “renovations”.

      • My max loan facility size is under $200K. Unless I'm missing something?

        • If the combined principle you paid off plus any increase in equity the property might have since your purchase is greater than $50k then bank will loan it to you. If you also had a wage rise then that will also help. Talk to your bank or the other bank.

    • Yes you top up loan the loan to 250k and hence eligible for the bank rebate

  • Is there a limit on refinancing per year? Isn't it technically possible to churn through multiple banks and get these cashbacks?

    • +2

      Usually a 24month or 12month clawback clause

    • No limit

  • +1

    interested….

  • Is this similar to materates?
    But i yhink most cashbacks are only for refinance and not applicable for first home ?

    Do

    • Yeah usually refinance only

  • I don't see the 2.79% owner-occupied variable P+I on the website?

    • The website only lists standard package discounts. We can access a greater discount for the best variable rates

  • What about existing customers? Can they price match the interest rate of 2.59%

    • No they won’t! After 3 years of being with them, I jumped ship last year! I really liked St George though

      • care to share what is your interest rate now and with whom?

    • You can try but as existing customer chances are not good. We have other lenders with low rates plus $3k bank rebates

  • Not earth shattering considering you can get same if not a little better direct from a big bank with rates the way they are at the moment

  • Make me sad, I'm getting 4.11%…

    • Message me and I'll see what i can do

  • Does St George do new house build loans like cater for progress payments etc…?

    • Yes they do

  • So by taking the "st George package" $395/year, you're rewarded by a higher variable interest rate of 0.1%? (compared to the basic product)
    So you pay $395/year to pay additional $250 interest per year on a $250k loan?

    I thought you would get advantages with a "package".
    I thought they would offer interest rate discounts with a package.

    • at other bank, package means when in the future you buy another property you can get the new loan under the same package, only pay one 395/y
      and so on

    • Package gives you an offset account which is good for owner occ, basic does not.

      Choice of Package or Basic loan:
      o Package (recommended): annual package fee (max $395), free offset account, free premium rewards credit card, lower interest rates.
      o Basic: no offset, no annual fee. You can still put extra money in the loan account directly to reduce interest charged, then redraw money for free when you need it. The difference is you must manually transfer money to the loan account, there is no automatic offset by leaving money in the savings account.

      • My point was that lower interest rates means higher interest rate than basic.
        So the package premium for lower interest rates is marketing trick to think you're better off.
        The free basic gets more discount on the inflated interest rate than the package for which you pay $395 pa., yet in the calculation of benefits on the package include the interest as supposed benefit.

        • But, you have an offset account. You wouldn't go for the package if you didnt plan to save money in the offset. As long as you have enough savings in the offset to save your self the fees, then anything more is saving money on the monthly interest fees.

          • @jackwoz: Well then market the offset account.
            Saying you get lower interest rates with the package is not correct.

            • @johnmelb: Always take note of the comparison rate when looking at interest rates. This is why it was made law for banks to show it because of the sneaky fees

  • damn, I've got a st george basic loan at the moment and just checked, my rates 2.79%
    wonder if I can talk to them about changing down to the 2.64%
    also wondering if I could get a new loan/extension to buy the apartment in the sa3me property that just came up…

  • You can try but as existing customer chances are not good. We have other lenders with a lower rate plus $3k bank rebates

    • Is there any issues with changing to another bank as i just changed to St George to get the 4k

  • Does the bank requires "Building Insurance" for investment property refinance ?

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