Your selected personal loans
St. George may have started as a building society in 1937 but today this personal loan provider is no small player. Because not only is St. George now a fully fledged bank, it also falls under the umbrella of big four bank Westpac. One of the biggest draw cards of taking out a loan with this major player is the abundance of choice when it comes to secured and unsecured loans. So read on as you’re bound to find one that speaks to you!
Your selected personal loans
Easy process and bank representatives were willing to help out. St George gave me a go with my personal loan application compared to other banks.
St.George Bank – Secured Personal Loan Review I’ve had an overall positive experience with St.George Bank’s secured personal loan, but there are a few considerations potential borrowers should be aware of. Pros: -Competitive Interest Rates: St.George offers reasonably competitive interest rates compared to other providers, particularly if you’re able to secure the loan with a high-value asset like a vehicle. -Flexible Repayment Options: I appreciated the option to choose between weekly, fortnightly, or monthly repayments. This flexibility made it easier to align payments with my income schedule. -Convenient Online Application: The application process was straightforward and easy to complete online. I received a decision quickly, which was great for planning. -Early Repayment Option: Being able to pay off the loan early without penalty was a significant benefit for me as it helped reduce the total interest paid. Cons: -Fees: While the interest rates are competitive, the upfront and ongoing fees can add up. There’s an application fee, and if you make certain changes to your loan, you might encounter additional costs. -Asset Requirements: The requirement to use a secured asset like a car might not suit everyone, especially those who don’t own a qualifying asset. -Customer Service Wait Times: While the staff were helpful, the wait times for phone support were longer than I’d hoped. This could be frustrating for those needing immediate assistance. Tips for Potential Borrowers: -Make sure to review all the fees and conditions carefully to avoid surprises. -If you plan to pay off the loan early, confirm that there are no penalties specific to your loan agreement. -Ensure the secured asset meets the bank’s criteria before applying, as this can save time and effort. Overall, St.George Bank’s secured personal loan is a solid option for those who have a suitable asset and want a straightforward loan with flexible repayments. However, it’s essential to weigh the fees against the benefits to determine if it’s the right fit for your financial goals.
Easy access; not bureaucratic.
We have our home loan with this bank St George they have been great. Also had our car loan with them and paid up for my car loan with no problems. We had taken a travel loan out with them, we got went through the process with ease. Interest is low which is great and amazing customer service.
The customer service is amazing everytime I go in they have always helped and explained things to me I have never had a problem with them. Their interest rates aren't too bad
I have been with St George for over 42 years. I have found them to be loyal to me since the beginning. Always every detail is explained to me fully so that I understand. The interest rates are not exorbitant. I'm very happy.
* WARNING: The Comparison Rate combines the lender's interest rate, fees and charges into a single rate to show the true cost of a personal loan. The comparison rates displayed are calculated based on a loan of $30,000 for a term of 5 years or a loan of $10,000 for a term of 3 years as indicated, based on monthly principal and interest repayments, on a secured basis for secured loans and an unsecured basis for unsecured loans. This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.
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