St.George Launches “Hot” Introductory Home Loan Rate

A “hot” new One-Year Introductory Fixed Rate of 5.99% p.a. has been added to St.George Bank’s home loan product range.

The 5.99% p.a. Introductory Rate is fixed for one year, after which it reverts to St.George’s Standard Variable Home Loan Rate. The Introductory rate is available to all new home loan applicants for a limited time.

“This One Year Introductory Fixed Rate is a super competitive offer, which also gives customers the security of knowing their repayments are fixed for one year,” said St. George General Manager Consumer Lending, Darren McMullen.

There are many other features and services St.George is also offering home buyers. For first home buyers, St.George will assist applying for the government’s $7,000 First Home Owner Grant, then include the grant in the home loan settlement, which means it can be then used to cover costs associated with buying a house and reduce the amount borrowed.

St.George also offers customers who enquire about a home loan free information about house prices and demographics of the post code area where they are looking to buy through the Postcode Insight Service. If the loan is approved by St.George before August 31 this year, the customer is entered into a monthly draw to win a $10,000 shopping spree at Myer/Grace Bros.

“Combined with such a low Introductory Rate, we believe these value added services give home buyers a compelling reason to talk to St.George about their home loan,” Mr McMullen said.