St. George Bank Personal Loans

St. George Bank provides personal loans as well as car loans, home loans, savings accounts, credit cards, travel insurance, superannuation and investment products.

Compare St. George Bank personal loans and ratesSt George: Outstanding Value Award Winner

The table below displays a snapshot of St. George Bank’s secured personal loan products and rates on Canstar’s database, sorted by Star Rating (highest to lowest). Please note the products and Star Ratings displayed are based on a loan amount of $20,000 for a three-year loan in NSW.

Compare Personal Loans

What personal loans does St. George Bank offer?

St. George Bank currently offers two personal loans at the time of writing: a secured loan and an unsecured loan. These loans can have either a variable or fixed interest rate.

  1. Unsecured personal loan – suitable for a holiday, household purchase, or consolidating debt
  2. Secured personal loan – suitable for a new or used car

St. George Bank secured personal loan

This loan has the following features:

  • Variable rate of 12.74% with a comparison rate of 13.81% p.a. and fixed rate of 8.49% p.a. with a comparison rate of 9.60% p.a.
  • Loan term of 1-7 years for the variable rate option and 1-5 years for the fixed rate option
  • Borrow between $3,000 and $80,000
  • Redraw facility
  • Flexible repayments of either weekly, fortnightly or monthly
  • Loan insurance available

St. George Bank unsecured personal loan

This loan has the following features:

  • Both variable and fixed rates starting from12.49% with a comparison rate of 14.06% p.a.
  • Loan term of 1-7 years for the variable rate option and 1-5 years for the fixed rate option
  • Borrow between $2,000 and $40,000
  • Redraw facility
  • Flexible repayments of either weekly, fortnightly or monthly
  • Loan insurance available

Compare Personal Loans

What can you use St. George Bank’s personal loans for?

A personal loan with St. George Bank can be used for many important life events, such as:

  • Buying a car
  • Debt consolidation
  • Holidays
  • Home renovations
  • Weddings

Personal loans are a relatively straightforward way of borrowing money with a structured repayment program. A personal loan with St. George Bank could give you access to more money to pay for these major life events.

Check the product disclosure statement (PDS) from St. George Bank to see what you can and can’t take out a personal loan for.

Compare Personal Loans

St. George Bank FAQs

Both the secured and unsecured loans offer a term of 1-5 years for their fixed rate options and a term of 1-7 years for their variable rate options.

There are a number of fees to be aware of when taking out a personal loan with St. George Bank:

  • Establishment fee – $195
  • Administration fee – $12 per month
  • Fees on early repayments
    • $150 fee if you pay the loan off in the first 12 months
    • $100 fee if you pay the loan off after the first 12 months but before the end of the loan term
  • $10 redraw fee on variable loans
  • $9 dishonour fee

See this article for look at the average fees currently charged by personal loan providers on the market (based on Canstar’s Personal Loans Star Ratings for November 2017) to see if St. George Bank’s fees are more or less what the average customer is paying.

Yes, St. George Bank personal loans require minimum monthly repayments, which vary depending on the loan and rate and can be viewed in the table above.

Applying for a St. George Bank personal loan is straightforward; you can do it online after visiting Canstar’s comparison tables. When applying for a personal loan with St. George Bank (or most providers in Australia for that matter), you generally need to meet the following criteria:

  • You must be 18 years or older
  • You must live in Australia
  • You must be an Australian or New Zealand citizen
  • Hold a regular income and good credit rating (see here for more info on how to get a good credit rating)
  • Show an ability to afford your loan repayments
  • Take out a loan of at least $2,000

If done online, the application process can take as little as 10 minutes, provided you have everything on hand. You may need to provide documents and ID such as:

  • A current driver’s license
  • Details of your current and previous (if applicable) employer
  • Details of your income, assets, expenses and liabilities
  • Previous tax returns if you are self-employed

You may also require your current account number for St. George Bank if you’re an existing member.

Best known as the bank with the dragon logo, St. George Bank was founded in 1937 in the southern suburbs of Sydney as a co-operative building society. Today they have over 2.6 million customers in Australia. In 2008, St.George Bank became part of the Westpac Group.

They achieved full banking status in July 1992 and two years later they led the way into the future by launching electronic banking for their business customers. Later St. George was the first bank to launch SMS Alerts in 2004.

St. George Bank supports the Australian community in many ways. They provide Disaster Relief Packages for affected customers, such as after the 2016 bushfires in Western Australia. They established the St.George Foundation in 1989 as a registered charity, and to date they have given more than $15 million for better quality of life for Aussie kids.

St. George has a charitable gift-matching program for their employees. Employees also receive one paid day of leave each year to volunteer for a worthy cause, and can choose to be involved as a mentor through NGOs, social enterprises, and Indigenous Enterprise Partnerships.

St. George protects the environment by providing interest-free loans of up to $4,000 per year to purchase and install environmentally-friendly modifications such as solar hot water systems and energy-efficient appliances. St. George also participates in Earth Hour each year.

Source: St. George Banking

Secured Fixed Personal Loan

Canstar Research
Rating:
Award: 3-Star Rating Personal Loans

$20,000

New South Wales

2017 Star Ratings Report

Written by: Regina Collins | Last updated: