| Product | Interest rate from | Comparison rate from | Upfront fee |
|---|---|---|---|
| Secured Personal Loan (Fixed) |
6.49% p.a.to 12.99% p.a. |
7.61% p.a.to 14.06% p.a.based on $30,000 |
$195.00 |
| Unsecured Personal Loan (Fixed) |
6.89% p.a.to 19.99% p.a. |
7.81% p.a.to 20.83% p.a.based on $30,000 |
$150.00 |
| Unsecured Personal Loan (Variable) |
6.89% p.a.to 19.99% p.a. |
7.59% p.a.to 20.59% p.a.based on $30,000 |
$150.00 |
The first major difference between the two is that fixed interest rates don’t change, while St.George has the power to adjust variable rates during loan terms to reflect market conditions. If you compare both rate versions side-by-side, you’ll notice that fixed rates are slightly lower.
So as you can see, fixed and variable rate loans are pretty different, but did you know they offer different loan features too? For instance, if you want a car loan that lets you make extra repayments, redraw from them and not face a break cost for clearing your debt earlier, opt for a variable rate loan. Or, you could sacrifice those features for the peace of mind your rate will stay the same by picking a fixed rate loan.
It’s a rate based on a combination of costs you’ll likely encounter, like a sign up fee and ongoing costs, plus the interest rate. Something to keep in mind is that these rates are indicative only, which is why it’s useful to look at the interest rate too when comparing St.George car loans.
Secured car loans have extra cred because they give St.George the power to repossess cars in cases of loan defaults. So why would you opt for a secured loan? The reason is simply because you are charged at a lower interest rate.
Yes, and it’s worth factoring them into your car loan decision-making to save you financial pain later on. For instance, St.George’s fixed rate car loans have fewer features than the variable rate versions, and you’ll be charged an early loan repayment penalty fee for clearing your debt before you’re due to. But if you opt for a variable rate loan instead, you can take advantage of making extra repayments when you have the extra cash, dip into them via redraw facility and pay off your loan early fee-free.
St.George can lend you between $3k and $80k if you opt for the secured loan, or up to $40k if the loan is unsecured. Other factors come into play on what loan amount you are eligible for too, including your credit history and current financial situation.
Your pick between weekly, fortnightly or monthly due dates.
It depends on whether your loan has a fixed or variable interest rate. St.George’s fixed rate loans have terms ranging from 1-5 years, whereas if you have a variable rate loan, terms can be two years longer.
Variable rate car loans, where you can clear off more debt when you like. Just remember, using the redraw facility to dip into extra repayments is not free, and there is a minimum amount you have to take out when you use it.
It can vary, but the amount is usually based on how much St.George is out of pocket due to your early loan repayment. Remember, the fee will only kick in if you have a fixed rate loan.
Simply to use the funds for life’s expenses that crop up, whether it’s a medical bill or school fees.
You can, but it needs to be less than 12 years old at the time the loan is issued, fully insured and registered to qualify as security. Otherwise, you could opt for an unsecured loan.
Really easy. You can do it from the comfort of your home online, visit a branch, or call St.George’s customer service line. To speed up the application process, have the following personal details ready to go:
Once you’ve applied, St.George will get back to you on the outcome within 3 working days.
Mozo users have rated St.George car loans on price, features, convenience, trust and customer service so you can see what real Aussies have to say about their experiences.
269 Reviews
I have never had a problem with St George, but when l mentioned if l would be charged an early termination fee, they said yes. I am half way through my 5 year car loan. They only let me of 1 payment because l was ahead 1 month. My car recently burst into flames because of a manufacturing fault. I did nothing wrong. I was driving my car and smoke was filling the cabin so l turned off the engine and got out. Five minutes later my car burst into flames. It was very frightening for me. I could have burnt alive. When l get my payout from my insurance company, they will pay out my loan. I shouldn’t have to pay for any fees. My car fire is a very rare occurrence. Does anyone know how l can avoid paying for the early termination fees? My car dealer originally told me to always keep a few dollars on my loan until it finishes to avoid any fees. Has anyone does this? Does it work?
Read full reviewI have never had a problem with St George, but when l mentioned if l would be charged an early termination fee, they said yes. I am half way through my 5 year car loan. They only let me of 1 payment because l was ahead 1 month. My car recently burst into flames because of a manufacturing fault. I did nothing wrong. I was driving my car and smoke was filling the cabin so l turned off the engine and got out. Five minutes later my car burst into flames. It was very frightening for me. I could have burnt alive. When l get my payout from my insurance company, they will pay out my loan. I shouldn’t have to pay for any fees. My car fire is a very rare occurrence. Does anyone know how l can avoid paying for the early termination fees? My car dealer originally told me to always keep a few dollars on my loan until it finishes to avoid any fees. Has anyone does this? Does it work?
I’ve never had a lender that gave you no communication after the loan. No correspondence by mail , email , msg anything , it’s like they want you to default . Then after 1 month short of a 5 year loan I request a payout and they say they will send it but 3 times I’ve rang and no result yet .
Read full reviewI’ve never had a lender that gave you no communication after the loan. No correspondence by mail , email , msg anything , it’s like they want you to default . Then after 1 month short of a 5 year loan I request a payout and they say they will send it but 3 times I’ve rang and no result yet .
After reading the other reviews I feel I am in the same place. The interest is horrendous and set up by the car dealer James Frizelle. I know it is buyer beware but the terms are not explained properly and there is no mention of a payout to exit early. The interest is horrendous. To exit now with about one year to go there is a loan break fee of over $1500. What is that seriously for? No statements - I guess this is so you don't see how much interest you are paying. A client portal that does not work. I am not even sure these guys are part of St George or Westpac for that matter. So completely unprofessional. Feels more like a loan shark - STAY AWARE FROM THIS COMPANY AT ALL COSTS.
Read full reviewAfter reading the other reviews I feel I am in the same place. The interest is horrendous and set up by the car dealer James Frizelle. I know it is buyer beware but the terms are not explained properly and there is no mention of a payout to exit early. The interest is horrendous. To exit now with about one year to go there is a loan break fee of over $1500. What is that seriously for? No statements - I guess this is so you don't see how much interest you are paying. A client portal that does not work. I am not even sure these guys are part of St George or Westpac for that matter. So completely unprofessional. Feels more like a loan shark - STAY AWARE FROM THIS COMPANY AT ALL COSTS.
A few years ago I took out a car loan with St George. A few years in I lost my job and found it difficult to make repayments. Rather than contacting and threatening me, St George took the time to understand me and presented me with some options. The customer service was exceptional and they really took their time to understand my situation. I was treated respectfully and with dignity at all times and they worked hard to resolve the situation with me. I can't recommend St George more highly. If you're looking for an ethical bank that cares about their customers, then I highly recommend St George.
Read full reviewA few years ago I took out a car loan with St George. A few years in I lost my job and found it difficult to make repayments. Rather than contacting and threatening me, St George took the time to understand me and presented me with some options. The customer service was exceptional and they really took their time to understand my situation. I was treated respectfully and with dignity at all times and they worked hard to resolve the situation with me. I can't recommend St George more highly. If you're looking for an ethical bank that cares about their customers, then I highly recommend St George.