St.George Bank home loan review
St.George Bank is an established Australian lender, and Ratesniffers tracks 50 of its home loan products across variable, fixed and interest-only options. Its lowest variable rate Ratesniffers tracks is 6.39% p.a., and its lowest fixed rate is 6.44% p.a. That sits about 20 basis points above the market median of 6.19% p.a., so sharper variable rates exist elsewhere today.
Is St.George Bank a good home loan lender?
St.George Bank suits borrowers who want a full offset account with branch access behind it, on a loan large enough for the Advantage Package discount to outweigh its fee. Ratesniffers checked its published fee schedule and product pages on 3 Sept 2026. The trade-off is that its offset sits on the packaged loan, not the fee free Basic.
What we looked at
Ratesniffers ranked and described this lender from the verified rate snapshot on this page, then read the lender's own published product pages and fee documents listed under Sources below. Sources were checked on 3 Sept 2026. There are no scores, no stars and no user reviews here, only what the lender publishes and what the snapshot shows.
WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is based on a loan of $150,000 over a term of 25 years.
The information provided on this site is general in nature and does not take into account your objectives, financial situation or needs. Before acting on any information, consider whether it is appropriate for you and read the relevant Credit Guide and lender disclosures.
St.George Bank home loan interest rates by term
The lowest owner-occupier, principal and interest rate St.George Bank has published per term, from the same rate snapshot as the panel above.
| Term | Interest rate | Comparison rate |
|---|---|---|
| Variable | 6.39% p.a. | 6.40% p.a. |
| 1-year fixed | 6.54% p.a. | 6.87% p.a. |
| 2-year fixed | 6.44% p.a. | 6.85% p.a. |
| 3-year fixed | 6.64% p.a. | 6.91% p.a. |
| 5-year fixed | 6.79% p.a. | 7.00% p.a. |
The case for
- Up to 10 offset accounts can be linked to a St.George home loan, with full interest offset on the Standard Variable Rate Home Loan.
- The $395 Advantage Package waives the $600 lending establishment fee and the $8 monthly loan account fee, and is charged once no matter how many home loans are held. It applies to the Standard Variable and Fixed Rate loans only, and cannot be taken on the Basic Home Loan.
- The Basic Home Loan carries a $0 lending establishment fee and a $0 loan account fee.
- Redraw carries no fee once the facility is activated, with up to $100,000 a day available online or by phone on a variable loan and $30,000 in branch. On loans fixed after 18 August 2019 redraw during the fixed term is capped at $30,000 in total.
- St.George runs a branch network, and an application can be started online, by phone, by video call or in branch.
What to weigh up
- Its sharpest variable rate sits above the market median of 6.19% p.a. in the rate snapshot on this page.
- A $100 document processing fee is payable at settlement on every St.George home loan product.
- The loan discharge fee is $350 across the range, and a $15 missed payment fee applies.
- The Basic Home Loan cannot be packaged and does not offer an offset account.
- Locking a fixed rate costs the higher of 0.15% of the loan amount or $500, capped at $1,000 for loans up to $2 million.
- Fixed loans allow $30,000 of prepayments across the entire fixed period before break costs apply.
Who St.George Bank suits and who it does not
St.George tends to suit borrowers who want a full offset account with a branch network behind it, and whose loan is large enough that the Advantage Package discount outweighs its $395 annual fee. It suits less well for a small no frills loan, since the Basic Home Loan cannot be packaged and carries no offset, and St.George states that residential lending is not available to non Australian resident borrowers.
St.George Bank home loans: our verdict
St.George Bank is a credible choice whose lowest variable rate of 6.39% p.a. currently sits about 20 basis points above the market median, so it's worth comparing before you commit (last updated 23 Sept 2026). Whether it's right for you comes down to your deposit, the features you'll use, and how its real approved rate compares, so treat the headline as a starting point, not the final answer.
Sources checked 3 Sept 2026: St.George, Loan Accounts fees schedule; St.George, Standard Variable Rate Home Loan; St.George, Basic Home Loan; St.George, Advantage Package; St.George, Offset accounts; St.George, Redraw. Fees and product terms change, so confirm them with St.George Bank before applying.
See if you can do better than St.George Bank
The advertised rate isn't always the rate you'll be approved for. Compare St.George Bank against the wider panel, or have your scenario negotiated, at no cost.