New Investment & Interest Only Rates - from 2.19% 2 Year Fixed @ St George & Bank of Melbourne

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Store RepLoan Base @ Loan Base on 08/03/2021 - 09:45 stgeorge.com.au (218 clicks)
Last edited 09/04/2021 - 15:40 by 2 other users

St George / Bank of Melbourne / Bank SA group has just announced new rate cuts including a 2.19% 2 Year Fixed Investment product for sub 60% LVR and 2.39% for Interest Only.

Please see current rates below.

Add 0.05% for 60-80% LVR to the below, add 0.1% for 80%+ LVR to the below.

Investment P&I < 60% LVR

• 2 Year Fixed - 2.19% (3.94% CPR)

Investment IO < 60% LVR

• 2 Year Fixed - 2.39% (4.20% CPR)

Owner Occupied P&I < 60% LVR

• 2 Year Fixed - 1.79% (3.43% CPR)
• 3 Year Fixed - 1.88% (3.35% CPR)

Fees

• $100 upfront fee (per application)
• $395 annual fee which includes a credit card

Cashback Conditions —

• Requires $250k minimum lending
• $4,000 for first property, $2,000 per property thereafter
• Refinances only
• Must apply by June 30th, settle by September 30th for the cashback to apply

Variable Rates

As mentioned above, we can apply for variable pricing discretions. Please get in touch to discuss these as we cannot post them online.

Alternatives

Depending on your total utilised lending size and LVRs, we may be able to offer a number of alternative lender options with lender cashbacks as high as $4,000 for purchases. Please reach out to discuss your options.

Comparison Rates

Any quoted comparison rate is only true for the example given and may not include all fees and charges. Different terms, loan amounts or fees may result in a different comparison rate. Comparison rates are based on a loan amount of $150,000 over a loan term of 25 years.

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As a broker, we can also apply for variable pricing discretions - for both variable loans and the variable revert rate on fixed loans.

HOW TO APPLY

Our team is here to help, and will work to ensure we obtain the best pricing discretions possible for any variable rates. You can lodge an enquiry via our platform here - https://loanbase.com.au/compare-home-loans-fva, or contact one of our brokers directly with their details below:

Andrew Loucas, Email: [email protected], Calendar link: https://calendly.com/loanbase-andrew/quickchat
Leo Gonzales, Email: [email protected], Calendar link: https://calendly.com/loanbase-leo/initial
Eric Cheng, Email: [email protected], Calnedar link: https://calendly.com/loanbase-eric/quickchat

Loan Base Pty Ltd (ABN 95 162 141 915) · Australian Credit Licence Number 508 308
Head Office: Level 1, 1-5 Link Road, Zetland, NSW, 2017. Phone: 1300 512 377.

Related Stores

Bank of Melbourne

Loan Base

Third-Party

St.George Bank

• 

  Dealsclaw on 08/03/2021 - 10:09

  Hi
  Quick one. Does these fixed interest rates packages comes with a offset account or only offered to variable rates?

  • 

    Store RepLoan Base @ Loan Base on 08/03/2021 - 10:14

    Hi Dealsclaw, I believe St George offers a partial offset on their fixed rate loans (0.7% last I checked, but can confirm if you like). Alternatively, we have a few lenders that offer 100% fixed rate offset accounts, just not with the cashback offer - or we could split the loan so that the portion you anticipate offsetting can be kept variable with 100% offset and the remainder fixed at the lower rate.

• 

  honkyb on 08/03/2021 - 10:26

  +2

  We got 1.79% with CBA for two years

  • 

    Store RepLoan Base @ Loan Base on 08/03/2021 - 10:43

    Yes some of the majors can do sharp discretionary pricing, but as far as we know, St George is the only lender offering a $4,000 refinance cashback along with the 1.79% 2 year fixed rate.

    • 

      honkyb on 08/03/2021 - 15:48

      Yeah we refinanced half our loan with CBA to fixed

  • 

    [Deactivated] on 08/03/2021 - 17:35

    Do you mind telling me if it was investment or owner occupied? How much was the loan amount?

• 

  Diji1 on 08/03/2021 - 10:51

  -4

  And Australia's homeless population continues to skyrocket as the private sector continues to not supply housing to them as they reside in the 14 wealthiest country that has ever existed in history.

  

  Diji1 on 08/03/2021 - 10:51 (Collapsed - Offtopic. Show)
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  [Deactivated] on 08/03/2021 - 11:31

  These grapes are sour.

  

  [Deactivated] on 08/03/2021 - 11:31 (Collapsed - Offtopic. Show)
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  PeppaCat on 08/03/2021 - 11:31

  Does anyone know when ANZ will cut the rate?

• 

  MikeHunt on 11/03/2021 - 14:32

  hi, are there any deals on Owner Occupied Interest Only (fixed for 2-3 years)?
  house worth $3.5m, $1m P&I, $1m IO (approx) so overall LVR is 57%.