St.George Bank review
Bank
Best suited for borrowers financing a car up to seven years old at application who want a fixed secured rate, with terms from one to seven years
Loanseekers is a broker, not a lender, and may receive commission from lenders on our panel. This does not change what you pay. See our Credit Guide.
Advertised rates
6.49% p.a. to 12.99% p.a. secured personal loan / car loan (fixed); 7.00% p.a. to 21.99% p.a. unsecured personal loan (fixed); 7.00% p.a. to 21.99% p.a. unsecured personal loan (variable). Standard variable rate for unsecured variable rate loans is 14.99% p.a.
Comparison rate 7.90% p.a. to 14.34% p.a. secured personal loan / car loan; 8.41% p.a. to 23.28% p.a. unsecured personal loan (fixed and variable); 16.00% p.a. on the 14.99% p.a. standard variable unsecured rate*
Approval speed
Published as a "response within 60 seconds" to an application. For existing St.George customers, funds are transferred within the hour after contract acceptance; transfers to accounts at other banks take up to 3 days.
Credit-profile fit
Applicants must be 18 years or older and hold a current Australian driver licence or learner's permit for the car loan. Applicants must be an Australian or New Zealand citizen, permanent resident or hold an acceptable visa, hold a fixed, verifiable residential address in Australia, and receive a regular, verifiable Australian taxable income. No minimum income amount and no minimum credit score are published. The financed car must be 7 years old or less at the time of loan application, must never have been written off even if repaired, and must be comprehensively insured with St.George showing as the financier. The secured car loan is available from $10,000 to $130,000 and the unsecured personal loan from $2,000 to $50,000, both over terms of 1 to 7 years.
Pros & cons
Pros
- Secured car loan fixed rates start at 6.49% p.a. (comparison rate 7.90% p.a.)
- Publishes a median secured car loan rate of 10.99% p.a., stating around half of customers receive that rate or lower
- Secured car loan borrowing extends to $130,000
- $0 extra repayment fee applies on the fixed rate car loan
- Publishes a response within 60 seconds on application, with funding within the hour for existing customers
Cons
- A $15 monthly loan account fee is payable on both secured and unsecured personal loans
- Cars more than 7 years old at the time of loan application are not eligible for the secured car loan
- A $150 loan discharge fee applies if the loan is fully repaid within the first 12 months
- The secured car loan starts at $10,000, so smaller purchases fall to the unsecured loan priced at 7.00% p.a. to 21.99% p.a.
- Redraw is not available on fixed interest rate loans
Key features
- Secured car loan borrowing range of $10,000 to $130,000
- Loan terms of 1 to 7 years across secured and unsecured products
- Fixed interest rate secured against the vehicle, which lowers the rate compared with the unsecured product
- Unsecured personal loan alternative of $2,000 to $50,000 in either fixed or variable rate
- $0 extra repayment fee on the fixed rate car loan
- Redraw available on variable interest rate loans only, minimum redraw $500, with a $0 redraw fee
Fees
- Lending establishment fee, secured personal loan: $250
- Lending establishment fee, unsecured personal loan: $250
- Loan account fee: $15 per month
- PPSR fee for secured car loan: $6
- Loan discharge fee, within the first 12 months of the loan term: $150
- Loan discharge fee, after the first 12 months and before the end of the loan term: $100
- Missed payment fee: $15
- Processing fee, payable each time a repayment is made over the counter in a branch or by cash or cheque: $3 per transaction
- Extra repayment fee on the fixed rate car loan: $0
- Redraw fee on variable interest rate loans: $0
Frequently asked questions
Who is St.George Bank best suited to?
Based on our review, St.George Bank is best suited for borrowers financing a car up to seven years old at application who want a fixed secured rate, with terms from one to seven years.
What are St.George Bank's rates?
6.49% p.a. to 12.99% p.a. secured personal loan / car loan (fixed); 7.00% p.a. to 21.99% p.a. unsecured personal loan (fixed); 7.00% p.a. to 21.99% p.a. unsecured personal loan (variable). Standard variable rate for unsecured variable rate loans is 14.99% p.a.. Rates and fees are current as at 25 Aug 2026 and are subject to change by the lender at any time.
What fees does St.George Bank charge?
Lending establishment fee, secured personal loan: $250. Lending establishment fee, unsecured personal loan: $250. Loan account fee: $15 per month. PPSR fee for secured car loan: $6. Loan discharge fee, within the first 12 months of the loan term: $150. Loan discharge fee, after the first 12 months and before the end of the loan term: $100. Missed payment fee: $15. Processing fee, payable each time a repayment is made over the counter in a branch or by cash or cheque: $3 per transaction. Extra repayment fee on the fixed rate car loan: $0. Redraw fee on variable interest rate loans: $0.
How fast is St.George Bank's approval?
Published as a "response within 60 seconds" to an application. For existing St.George customers, funds are transferred within the hour after contract acceptance; transfers to accounts at other banks take up to 3 days..
What credit profile does St.George Bank accept?
Applicants must be 18 years or older and hold a current Australian driver licence or learner's permit for the car loan. Applicants must be an Australian or New Zealand citizen, permanent resident or hold an acceptable visa, hold a fixed, verifiable residential address in Australia, and receive a regular, verifiable Australian taxable income. No minimum income amount and no minimum credit score are published. The financed car must be 7 years old or less at the time of loan application, must never have been written off even if repaired, and must be comprehensively insured with St.George showing as the financier. The secured car loan is available from $10,000 to $130,000 and the unsecured personal loan from $2,000 to $50,000, both over terms of 1 to 7 years.
How do I apply through St.George Bank?
Start a Loanseekers enquiry and we compare St.George Bank against 70+ lenders for your situation. The initial check does not affect your credit score, and our specialists manage the application to settlement.
See if St.George Bank suits your situation
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This is general information only, not personal advice; we have not considered your objectives, financial situation or needs. Loanseekers is a broker, not a lender, and may receive commission from lenders on our panel. This does not change what you pay. Approval is subject to lender criteria. See our Credit Guide.
Rates and fees current as at 25 Aug 2026. Rates and fees are subject to change by the lender at any time.
*The comparison rate is based on the lender's published example and is true only for that example. 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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