Non-major launches new loan rate

by Maya Breen01 Jul 2015
St.George Banking Group has introduced a new competitive rate of 4.19% p.a. for its Basic Home Loan across St George , Bank of Melbourne and Bank SA.

The promotional rate, effective from 1 July 2015, is available to new owner occupier Basic Home Loan applications and for existing customers switching into a new fixed rate.
St.George Banking Group general manager mortgage broking Clive Kirkpatrick said, “This is a fantastic and highly competitive offer. We are very excited to launch this extremely competitive rate and urge all brokers to take advantage and get out there to share the great news with their customers.”

The Group is also offering new rates under their two and five year fixed rate for a limited time.
Under their Advantage Package, two year fixed owner occupier rates have dropped from 4.59% to 4.19%; two year fixed investor from 4.59% to 4.39% and five year fixed investor and owner occupier from 4.49% to 4.59%.

“At St. George we are committed to helping people into their own homes and we have a range of products to cater for their individual circumstances and lifestyle needs. With the competitive rates now on offer now is a great time for Brokers to speak with us,” Kirkpatrick said.


  • by Harold Spencer 1/07/2015 10:13:32 AM

    Are so confusion rains supreme, no wonder consumers can't work it out. They are Major banks but just a different brand and surely you would know that.

  • by Rundmc 2/07/2015 7:40:49 AM

    They pay brokers more and more every year so why do people feel the need to beat up on the banks? More variety helps 3rd party as customers need more clarity and guidance..