St.George Brokers - Personal Lending Products

The St.George Bank Personal Loan is a simple, easy finance option for your clients, with competitive interest rates and features including flexible terms and redraw facilities.

Unsecured Personal Loan
Product description	The St.George Personal Loan is an unsecured loan for amounts between $3,000 and $40,000 for any personal purpose.
Target audience	Available to new or existing customers for personal use. The applicant must be over 18 years of age and standard credit application criteria and terms and conditions apply.
Term	Variable Rate: 1 to 7 years (6 and 7 year terms available on loan amounts > $15k) Fixed Rate: 1 to 5 years
Statement Frequency	Six monthly
Repayment Options	Monthly, fortnightly or weekly repayments on principal and interest.
Early Repayment	Customers are charged a one off establishment fee and an ongoing monthly fee. An early repayment fee applies to both fixed and variable rate customers. Fixed rate customers also pay a break cost fee upon early discharge. Refer to schedule of Fees and Charges (pdf, 149kb) for more information.
Redraw Facility	Redraw facility available on variable interest rate option only. Minimum redraw amount is $500 and a redraw fee of $10 applies for each approved request.

Secured Personal Loan
Product Description	A St.George Bank Secured Personal Loan offers borrowers the opportunity to provide a motor vehicle as security over a personal loan and may be used for any worthwhile purpose such as buying a new car, to consolidate debts or going on a holiday.
Acceptable Security	Any motor vehicle being purchased or an existing unencumbered motor vehicle already owned outright by the applicant, subject to acceptable security guidelines, including: The borrowers and owners of the security vehicle must be the same. That is, a vehicle owned or being purchased by one borrower is not acceptable security for a loan in joint names. Only one motor vehicle can be used as security for the loan NB: Second hand imported motor vehicles are not acceptable security.
Loan Size	Minimum: $ 3,000 Maximum: $60,000
Loan Term	Variable Rate 1 to 7 years (6 and 7 year terms available on loan amounts > $15k) Fixed Rate 1 to 5 years
Redraw Facility	A redraw facility is available on Variable Rate Personal Loans only. Minimum redraw amount is $500, and a $10 redraw fee applied for each approved request.
Documentation Required	Private Sale: A Vendor Tax Invoice is required when borrowers are purchasing a motor vehicle (which is being used as security for the proposed loan) via a private sale. A copy of the form can be downloaded from our website. Caryard Purchase: Tax Invoice or Contract of Sale is required when borrowers are purchasing a motor vehicle (which is being used as security for the proposed loan) from a licensed motor vehicle dealer. The tax invoice must contain the required motor vehicle identification particulars. Existing Motor Vehicle: If a vehicle already owned outright by the borrower/s is to be used as security for the loan, a copy of the vehicle's registration papers are required. Comprehensive Insurance: Evidence that the Motor Vehicle being used as security for the loan has Comprehensive Insurance, with St.George Bank noted as an interested party, must be provided in all instances.

© St.George Bank Limited ABN 92 055 513 070 AFS Licence No. 240997
St.George is the product issuer of the deposit and payment products referred to on this website. Any advice on this website is prepared without consideration of your personal objectives, financial situation or needs. Before acting on the advice, you should consider if it is appropriate to your objectives, financial situation or needs. You can obtain a Product Disclosure Statement (PDS) for the deposit, payment, insurance and wealth management products referred to on this website by phoning 13 33 30. Please consider the PDS for a product before you decide whether to acquire or continue holding the product. Information current as at date of posting. Applications for credit are subject to the Bank's prevailing lending criteria. Terms and conditions apply to the products mentioned.

The taxation position described is a general statement and should only be used as a guide. It does not constitute tax advice and is based on current tax laws and their interpretation. Your individual situation may differ and you should seek independent professional tax advice on any taxation matters.