St. George cuts fixed rate loans

St. George Bank has cut its fixed interest rate home loans by up to 0.5 per cent. The St George 3 year Fixed Rate is now 5.34% p.a. New Advantage Package loans are eligible for a further discount of 0.15 per cent off for loans of $150k or more, taking the three year rate down to 5.19 per cent.

One and two year fixed rate loans are now at 5.44 per cent, with four and five year loans at 5.94 per cent.

Andrew Moore, St. George General Manager Retail Distribution, commented, “The new fixed rates, coupled with our market leading Special Offer that offers new customers taking the Advantage Package an additional 1.5% p.a. off the Standard Variable Rate for the first 12 months, reinforce St. George's commitment to remaining highly competitive in the home loan market”.

Source: St. George Bank