Lender Name

ST GEORGE BANK

Product Name

ADVANTAGE HOME PACKAGE

Product Type

PROFESSIONAL

Interest Rates

Latest Interest Rates

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Redraw Facility

Yes (not available on Portfolio Loans) & Fixed Rate Loans.
Fee free phone and internet redraws.

Offset

Yes (not available on Portfolio Loans).

Fees

Annual Package Fee $375
Home Loan Establishment Fee Nil
Home Loan Increase Fee Nil
Switch/Conversion Fee Nil
Portfolio Loan sub-account set up NIl
Home loan monthly Admin fee NIl
Complete Freedom monthly fee  Nil
Credit Card annual fee Nil
Mortgage equaliser fee Nil (Includes Repayment Offset monthly service fee.)
Phone and Internet Redraw fees Nil
Fees apply as per product specifications

LVR

As per individual product specifications.

Repayment Type

As per individual product specifications.

Repayment Options

As per individual product specifications.

Repayment Method

As per individual product specifications.

Extra Repayments

As per individual product specifications.

Special Offers

Tier Discount - Standard Variable or Portfolio Variable
$0 to $100K  0.00%
$100K to $150K  0.25%
$150Kto $250K 0.50%
$250K plus  0.70%

Standard Variable Rates,  Standard Fixed Rates, 
Portfolio Variable,  Equity Line
Discount Variable Rate and 1 Year Introductory Rate
Choice of Transaction Account:
Complete Freedom, or Complete Freedom with Mortgage Equaliser Offset
Choice of Credit Card: Platinum, Starts Lows, Stays Low, Gold Low Rate, or Vertigo.

For Low Doc Professional Packages refer to Low Doc Profile.

Term

As per individual product specifications.

Loan Size

Minimum $50K.

Mortgage Insurance

As per individual product specifications note LMI can be capitalised up to 95% for purchases and up to 90% for external refinances.
The LMI Premium amount will be deducted from the loan amount at settlement.

Acceptable Income

No income or Professional Hurdles
Self employed At the Lending Managers discretion
Serviceability up to LVR 80% 1.00 x over LVR 80% 1.10 x Non Resident and serviced apartments 1.25 x 
On Income Calculations Worksheet  use 2 % of limit, highest balance in the last 3 mths, or nil limit if card cleared each month for the last 3 mths

For Investment Loans calculate 12 months worth of interest at the qualifying rate and take this amount off  taxable income before assessing for  tax.

Product Change

Yes.

Statements

Issued according to product selected:

Portability

Yes.

Split Loan Facility

Yes. Multiple Loans up to 5 loans for the annual fee of $375.

Special Notes

At the end of the Discount Variable rate period or the 1 year Introductory Rate period, the interest rate automatically reverts to the applicable Advantage Package discounted interest rates. There is a $500 fee debited to the loan at that time. At the end of the standard fixed rate period, the interest rate automatically reverts to the applicable Advantage Package discounted interest rates. Only applies to new packages taken from 11/11/07. There is no fee payable.

Target Market

 This package is available to personal clients only.