Media Release

St.George today announced a range of mortgage interest rate cuts for home loan customers.

The .20% per annum (p.a.) interest rate reduction will bring the Variable home loan rate for owner occupier to 5.16% p.a. for customers with principal and interest repayments. The Variable residential investment property home loan rate will be reduced by .20% p.a. to 5.72% p.a for customers with principal and interest repayments.

St.George customers who choose to package their home loan with the Advantage package receive an additional discount on their home loan rate.

The following interest rate changes will come into effect on 18 June 2019.

• Variable home loan (owner occupier) rate has been reduced by .20% p.a. to 5.16% p.a. for customers with principal and interest repayments.
• Variable residential investment property loan reduced by .20% p.a. to 5.72% p.a. for customers with principal and interest repayments.
• Variable home loan (owner occupier) rate reduced by .20% p.a. to 5.75% p.a. for customers with interest only repayments.
• Variable residential investment property loan rate reduced by .35% p.a. to 6.11% p.a. for customers with interest only repayments.

Ross Miller, General Manager of St.George Bank said today’s decision will help our customers with their home ownership goals.

“With historically low interest rates, we encourage our customers to come talk to us about how we can support them on their home buying journey.

It also provides an opportunity for families to look at their budget and have a conversation about whether now is a good time to get ahead on their repayments.”

Customers can speak to St.George on 13 33 30 or chat with a lender at a local St.George branch. Many St.George branches across NSW provide extended trading hours on Thursday nights and Saturdays.

 

MEDIA ENQUIRIES

Penny Mahon
E: mahonp@stgeorge.com.au
M: 0434 185 590