|
Lender Name |
ST GEORGE
BANK |
|
Product Name |
BASIC HOME
LOAN |
|
Product Type |
BASIC
VARIABLE |
|
Interest
Rates |
Latest
Interest
Rates
Compare
Other
Lenders |
|
Redraw
Facility |
Redraw Fee
Electronic
$0
Manual $50.
No minimum
amount
applicable. |
|
Offset |
No. |
|
Fees |
Establishment
Fee:$500
(Inc. 1
Val.)
Early
Repayment
Fee $1k if
loan is
discharged
within the
first 3
years
Settlement/Lodgement
Fee:$ 100
(Fee
displayed as
Mortgage
Preparation
)
Monthly
Service Fee:
Nil
Additional
Valuations:$0
Valuers
travelling
allowance
payable by
customer.
Additional
security fee
$100
Additional
Security
Fee: $100
per security
Redraw Fee
Electronic
$0.
Manual
Redraw Fee
$50.
Increase Fee
$395
Switch Fee
to LIS $350.
Rate lock
fee N/A
Consent to
Subdivision
$350.
Substitution
of Security
/
Renegotiation
$350.
Discharge of
Mortgage Fee
$350.
Discharge
Settlement
Processing
Fee $100
Arrears
Letter Fee
$50. |
|
LVR |
Owner
Occupied
Maximum LVR
95%
Investment
Maximum LVR
95%
Construction
Maximum LVR
0%
Refinancing
Maximum LVR
90%
Debt
consolidation
Maximum LVR
90%
Residential
vacant land
LVR 95%
No second
mortgages.
Apart from a
second
mortgage
used with a
family
pledge.
No Genuine
Savings is
available
refer to
Special
Lenders
Criteria for
information. |
|
Repayment
Type |
Principal &
Interest : 3
- 30 yrs
Interest
Based: 3 -
15 yrs. |
|
Repayment
Options |
Weekly,
fortnightly
or monthly
frequencies
allowed on
Principal &
Interest
loans.
Monthly
frequency
only for
Interest
Based
repayments.
Repayment
Pause
available. |
|
Repayment
Method |
Standard
monthly
repayments
by automatic
transfer
(via Freedom
Savings
Account) or
phone/internet
and Direct
Debt. |
|
Extra
Repayments |
Principal
and
Interest-
Fortnightly,
Monthly or
weekly.
Interest
Only 15yrs -
Monthly.
Standard
monthly
repayments
by automatic
transfer or
phone/internet
(via Freedom
Savings
Account). |
|
Special
Offers |
|
|
Term |
Principal &
Interest: 3
- 30years.
Interest
Based: 3 -
15 years.
All interest
only loans
will be
Combination
Loans, ie
Interest
Only for up
to the first
15 years
reverting to
t P & I for
at least 1
year. |
|
Loan Size |
Minimum:
$30K
Maximum: $1M |
|
Mortgage
Insurance |
Mortgage
Insurance
applicable
on loans
with LVR
over 80%.
LMI premium
can be
capitalised. |
|
Acceptable
Income |
Self
employed,
Salary &
Wage
earners. |
|
Product
Change |
Yes. |
|
Statements |
Issued 6
monthly. |
|
Portability |
Yes. |
|
Split Loan
Facility |
No. |
|
Special
Notes |
Acreage over
10 acres
must have
dwelling on
property.
Procedures
for Loan
Increases
for existing
St George
Housing Loan
clients
This new
process
covers
increases up
to $100,000
for both
PAYG and
self-employed
customers.
An existing
customer can
have
successive
increases up
to an
aggregate of
$100,000
within a 12
month
period.
Customer's)
must
complete a
Finance
Application
Form and
affordability
statement
If another
property is
being
included or
different
debtor then
a full
Application
and
assessment
is required.
Quick
increase
policy only
available
for existing
residential
mortgage
customers
with a 12
months
satisfactory
credit
history.
When LMI is
not
required (St.George
lenders will
confirm
existing
Home Loan
and/or
Portfolio
Loan account
conduct
details at
acquisition
of file).
Refinances -
Borrowers
Statements 6
months for
housing
loan.
Acreage
greater than
10 acres
refer to
BDM. |
|
Target
Market |
To buy or
refinance
residential
security,
for both
Owner
Occupiers
and
Investors.
Consolidation
of debt may
form part of
loan sought.
The Family
Pledge
option is
available
refer to
Family
Pledge
Profile -
for policy
details. |
