St George Bank have just announced that due to continued higher costs of wholesale funding St George/BankSA will increase the interest rates on its Variable Rate Home Loans (excluding Low Doc loans) by 0.20%pa. This new rate will be effective for both new and existing borrowers from Tuesday 8 July 2008.
St George Variable interest rate Home Loan products which are increasing are;
- Standard Variable
- Portfolio Variable Loan
- Discount Variable
- Seniors Access Home Loan
- St.George No Deposit Home Loan – Quick Start Option
- St.George No Deposit Home Loan – Flexi Deposit (LMI) Option (For new applications from 26 November 2007)
- No Deposit Home Loan – Loan Extension Fee Option (for loans approved from 4 September 2006)
- Loyalty Variable
- Business Umbrella Investment Loan