Home News St.George slashes fixed loan rates

St.George slashes fixed loan rates

Font size :
Australia's fifth largest lender said the reduced rate will be offered for a limited time starting on 15 January - making St.George's offering some of the cheapest among Australian lenders. This also comes as the big four banks decided to increase rates on their fixed term mortgages. Before the rate cut, St.George was offering a three-year fixed term loan rate of 7.19% and a five-year term loan at 7.15%. According to Steven Heavey, general manager, third party and specialist distribution at St.George, the low rates are aimed at customers who want peace of mind and to avoid the fluctuations in interest rates. "Borrowers are nervous and are considering the benefits of fixed rates. By locking into fixed rate, borrowers protect themselves from interest rate rises and they get certainty on their monthly repayments, which allows them to budget with confidence. These rates are bound to help customers get a financial footing in 2007," he says. The lender's rate cut comes after the Australian Bureau of Statistics reported a sharp decline in the number of dwelling commitments for owner-occupied housing. At the same time, the number of fixed-rate loans for owner occupiers continued to strengthen.

With interest rates at their lowest for more than 50 years, there are some great rates available. The best thing to do is to compare rates from all the lenders. Let us help take the leg work out of doing this - Compare Home Loans now

Mortgage News and Articles

New social housing aims to transform Ivanhoe Estate New social housing aims to transform Ivanhoe Estate

The sprawling redevelopment aims to boost the supply of affordable housing in Sydney Read more

A new suburb will be built in west Melbourne A new suburb will be built in west Melbourne Mount Atkinson will become home to more than 22,000 people over the next 15 years ... Read more

Surging house prices threaten liveability in Melbourne Surging house prices threaten liveability in Melbourne Analysts warn the city could become just as unaffordable as Sydney, if property trends continue ... Read more

More Aussies would benefit from regional hubs linked to cities More Aussies would benefit from regional hubs linked to cities Shorter commutes could spur higher home sales in regional towns, analysts say ... Read more

More mortgage news and articles

Sponsored Links

Thursday, Aug 17, 2017
Top Featured Rates
Top Bank Rates

Get help choosing the right home loan

Let us help you find the right home loan for your needs.

Tell us a bit about your circumstances:
  • Purpose of mortgage
  • Household Income
    $
  • How much do you want to borrow?
    $
  • How much deposit do you have?
    $
  • How much is your house worth?
    $
  • How much do you still owe on your mortgage?
    $
  • What type of mortgage do you have?


  • How much is your new home?
    $
  • How much do you want to borrow?
    $
  • How soon do you want a mortgage?
Next
  • First name
  • Last name
  • Where do you live?
  • Phone number

Special Offers

Related Keywords