Non-major adjusts variable interest rates

by Miklos Bolza27 Mar 2017
Effective on 8 May 2017, St George will be increasing the following variable rates for:
  • Owner Occupier Interest Only Home Loan variable rates: by 0.08% to 5.50% per annum (comparison rate 5.67% per annum)
  • Residential Investment Principal & Interest Home Loan variable rates: by 0.23% to 5.78% per annum (comparison rate 5.95% per annum)
  • Residential Investment Interest Only Home Loan variable rates: by 0.31% to 5.98% per annum (comparison rate 6.15% per annum)
Its interest rates are constantly under review, as market and economic conditions change, the bank said in a statement.

St George will also waive the switching fee for those who move from an interest only to a principal and interest home loan up until 23 June this year.

Customers with an Advantage package can switch at any point in time with no additional cost.