St.George Bank vs Westpac home loans September 2026
Ratesniffers rates checked 27 August 2026. On the exact owner-occupier principal-and-interest row at 80% LVR, St.George Bank is sharper on comparison rate by 15 basis points: 6.39% p.a. (6.40% comparison rate) against 6.49% p.a. (6.55% comparison rate) for Westpac. Interest rate and comparison rate come from the same product row.
Rates checked 27 August 2026 · checked daily against each lender's current published pricing · machine-readable at /rates.json
St.George Bank vs Westpac at a glance
| Feature | St.George Bank | Westpac |
|---|---|---|
| Compared product | Basic Variable Home Loan | Flexi First : Our lowest online variable home loan rate (Owner Occupied) |
| Variable rate and comparison rate | 6.39% p.a. (6.40% comparison rate) | 6.49% p.a. (6.55% comparison rate) |
| 3-year fixed rate and comparison rate | 6.64% p.a. (6.91% comparison rate) | 6.64% p.a. (6.91% comparison rate) |
| Scope of the compared rate | Owner-occupier, principal and interest, 80% LVR | Owner-occupier, principal and interest, 80% LVR |
| Published LVR scope | Proof of genuine savings is only required above 90% of property value | Lends from a 5% deposit with insurance on principal and interest loans, up to 95% for eligible applicants |
| Offset | Available on at least one tracked product | Available on at least one tracked product |
| Redraw | Fee-free redraw on the Basic Home Loan, $100,000 a day online or by phone | Available on at least one tracked product |
| Package fee | $395 a year for the Advantage Package, from $150,000 of lending | $395 a year for the Premier Advantage Package |
| First home buyer scheme | Listed as a participating lender, 5% Deposit Scheme | Listed as a participating lender, 5% Deposit Scheme |
| Products tracked | 80 | 80 |
| Approved cashback register | Unavailable | Unavailable |
Promoted rate comparisons require exact owner-occupier principal-and-interest rows at 80% LVR from the snapshot dated 27 August 2026, on both sides. “Unavailable” means a two-sided comparison cannot be substantiated, not that a lender has no product or no such feature.
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.
Is St.George Bank or Westpac cheaper?
As at 27 August 2026, St.George Bank is the cheaper of these two products on comparison rate at 80% LVR for owner-occupier principal and interest: 6.39% p.a. (6.40% comparison rate) against 6.49% p.a. (6.55% comparison rate). On a $500,000 loan over 30 years the headline gap is about $33 a month before fees. Approved pricing still varies by file.
St.George Bank versus Westpac on fees
Fees as at 2 September 2026. St.George Bank lists $395 a year for the Advantage Package, from $150,000 of lending. Westpac lists $395 a year for the Premier Advantage Package. The comparison rate folds ongoing fees into the figure, so a sharper headline rate paired with a higher annual fee can finish behind a plainer loan.
St.George Bank versus Westpac for refinancing
Refinancing as at 2 September 2026. St.George Bank: the Advantage Package waives the $600 establishment fee and the $8 monthly loan account fee. Westpac: the Premier Advantage Package waives Rocket Repay's $600 establishment fee and $8 monthly fee. A refinance turns on the comparison rate, the exit and establishment costs on both sides and the LVR the new valuation lands you at.
St.George Bank versus Westpac for first home buyers
First home buyers, as at 2 September 2026. On the Australian Government 5% Deposit Scheme participating lender list, St.George Bank is listed and Westpac is listed. Eligibility rules and property price caps apply either way, and a lender that is not listed can still lend at a low deposit with lenders mortgage insurance payable.
Which suits an investor?
For an investor, as at 3 September 2026. Westpac: investors can take interest-only repayments for up to 15 years, capped at 80% of property value. No verified investor record is published for St.George Bank yet, so only one side is described here. Investor pricing, interest-only terms and LVR ceilings sit apart from the owner-occupier row this page compares.
Who should choose St.George Bank
St.George tends to suit borrowers, particularly in New South Wales, who want big-bank product breadth with a challenger-brand feel and pricing. The comparison table above is the price check, and this section is the fit check. Features, service model and eligibility all move the outcome on a real file. Compare the two on the way you actually use a loan, not only on the advertised figure.
Who should choose Westpac
Westpac tends to suit borrowers who want big-four scale and product breadth with an extended commitment to regional branch access, and those who might find a sharper deal from one of its other group brands (St.George, Bank of Melbourne or BankSA) depending on where they live. The comparison table above is the price check, and this section is the fit check.
Head-to-heads that share a lender with this one: CommBank vs Westpac, Westpac vs ANZ, Westpac vs NAB. Full product detail sits on the St.George Bank and Westpac lender pages, with the candid write-ups on the St.George Bank review and the Westpac review.
Not sure which one fits your scenario?
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