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New Investment & Interest Only Rates - from 2.19% 2 Year Fixed @ St George & Bank of Melbourne


St George / Bank of Melbourne / Bank SA group has just announced new rate cuts including a 2.19% 2 Year Fixed Investment product for sub 60% LVR and 2.39% for Interest Only.

Please see current rates below.

Add 0.05% for 60-80% LVR to the below, add 0.1% for 80%+ LVR to the below.

Investment P&I < 60% LVR

  • 2 Year Fixed - 2.19% (3.94% CPR)

Investment IO < 60% LVR

  • 2 Year Fixed - 2.39% (4.20% CPR)

Owner Occupied P&I < 60% LVR

  • 2 Year Fixed - 1.79% (3.43% CPR)
  • 3 Year Fixed - 1.88% (3.35% CPR)
  • $100 upfront fee (per application)
  • $395 annual fee which includes a credit card
Cashback Conditions —
  • Requires $250k minimum lending
  • $4,000 for first property, $2,000 per property thereafter
  • Refinances only
  • Must apply by June 30th, settle by September 30th for the cashback to apply
Variable Rates

As mentioned above, we can apply for variable pricing discretions. Please get in touch to discuss these as we cannot post them online.


Depending on your total utilised lending size and LVRs, we may be able to offer a number of alternative lender options with lender cashbacks as high as $4,000 for purchases. Please reach out to discuss your options.

Comparison Rates

Any quoted comparison rate is only true for the example given and may not include all fees and charges. Different terms, loan amounts or fees may result in a different comparison rate. Comparison rates are based on a loan amount of $150,000 over a loan term of 25 years.

As a broker, we can also apply for variable pricing discretions - for both variable loans and the variable revert rate on fixed loans.


Our team is here to help, and will work to ensure we obtain the best pricing discretions possible for any variable rates. You can lodge an enquiry via our platform here - https://loanbase.com.au/compare-home-loans-fva, or contact one of our brokers directly with their details below:

Andrew Loucas, Email: [email protected], Calendar link: https://calendly.com/loanbase-andrew/quickchat
Leo Gonzales, Email: [email protected], Calendar link: https://calendly.com/loanbase-leo/initial
Eric Cheng, Email: [email protected], Calnedar link: https://calendly.com/loanbase-eric/quickchat

Loan Base Pty Ltd (ABN 95 162 141 915) ยท Australian Credit Licence Number 508 308
Head Office: Level 1, 1-5 Link Road, Zetland, NSW, 2017. Phone: 1300 512 377.

Related Stores

Bank of Melbourne
Bank of Melbourne
Loan Base
Loan Base
St.George Bank
St.George Bank

closed Comments

  • Hi
    Quick one. Does these fixed interest rates packages comes with a offset account or only offered to variable rates?


      Hi Dealsclaw, I believe St George offers a partial offset on their fixed rate loans (0.7% last I checked, but can confirm if you like). Alternatively, we have a few lenders that offer 100% fixed rate offset accounts, just not with the cashback offer - or we could split the loan so that the portion you anticipate offsetting can be kept variable with 100% offset and the remainder fixed at the lower rate.

  • We got 1.79% with CBA for two years


      Yes some of the majors can do sharp discretionary pricing, but as far as we know, St George is the only lender offering a $4,000 refinance cashback along with the 1.79% 2 year fixed rate.

    • Do you mind telling me if it was investment or owner occupied? How much was the loan amount?

  • These grapes are sour.

  • Does anyone know when ANZ will cut the rate?

  • hi, are there any deals on Owner Occupied Interest Only (fixed for 2-3 years)?
    house worth $3.5m, $1m P&I, $1m IO (approx) so overall LVR is 57%.