St George Fixed 1 Year

The St. George 1-Year Fixed Rate home loan offers borrowers an affordable fixed rate period upfront for the first 12 months of the repayment term. Once this period comes to an end, the loan will revert back to the Standard Variable Rate for the remainder of the loan’s term.

This is comprehensive home loan with an assortment of key benefits that make it more flexible to meet different client needs. Borrowers can use a rate lock to save the introductory fixed rate for up to 90 days prior to starting payments. Other features include a 100% Mortgage Offset account, repayment holidays extra payments, redraw facility, split loans, and interest only payment options.

KEY BENEFITS

Below are some of the key benefits that are available with the St. George 1-Year Fixed Rate Home Loan.

Extra Payments

This loan allows you to pay extra on the loan balance so you are eliminating more principal and potentially paying the mortgage off faster.

Repayment Holidays

You can place mortgage payments on a temporary hold provided you can pay a $500 fee. This period can last anywhere from 3 to 12 months if you have already paid ahead on your scheduled loan payments.

Split Loans

You can split this St. George home loan with another loan to pay different parts of total mortgage balance.

Redraw Facility

You can use this feature to remove money you already paid into the loan account in order to reuse them for different purposes. You can only take a redraw on the extra money you pay above the regular payments.

Interest Only Payments

This is a period of up to 15 years where you pay only the interest owed on the mortgage.