St George Basic Variable

The St George Basic Home Loan is a loan that has a low interest rate but not as many features as the standard variable product. The no frills approach with the basic home loan appeals to clients who prefer low interest rates over flexibility in the loan.

The simple approach to the home loan means that you will not be paying for features that you are not going to use. This budget type approach comes with no monthly or yearly account keeping fees.

The St George basic home loan is often popular among first home buyers who are after a no-frills, simple approach to home financing

The St George Bank is widely regarded as a popular lender among first home buyers as well as other forms of borrowers.

KEY BENEFITS

There a multiple features that are attached to this mortgage.

Low Rate of Interest

Customers are always looking for a low rate of interest. This mortgage offers a cheap interest rate to clients.

$0 Monthly Fees, $0 Annual Fees

We all don’t like paying bank fees. Beat the fees by taking out a mortgage that has $0 monthly fees and $0 annual fees.

Faster Repayments

If you are on top of your game an wish to pay off your home loan sooner why be penalised? One of the great features about the basic variable mortgage is that you can pay off the loan faster without being charged.

Available Repayment Options

If you’re the type of person that does not like to be put in a box the Basic Home Loan can assist. Have the choice of paying your repayments either monthly, fortnightly or weekly.

Redraw Facility

Draw down addition funds from the home loan. Note that this the redraw facility is dependent of St George approval and will incur fees.