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No Deposit Quick Start

Changes to No Deposit Quick Start Option - effective 7 April 2008

Thu, 2008-04-03 22:13 — Broker
From 7 April 2008 St.George/BankSA is making changes to the No Deposit – Quick Start Option. This option is suitable for those customers who have minimal funds upfront to purchase a property. This includes customers who do not wish to pay the LMI or the LEF (Loan Extension fee). The changes are as follows:
  • The variable interest rate margin will increase from 0.32% to 0.50% above the Standard Variable Rate;
  • The fixed interest rate margin will increase from 1% to 1.15% above the Standard Fixed Rate; and

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