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Staff Reporter
Determined to improve its competitive position in the market, St George Bank has increased the discount it offers on one of its mortgage packages.
From today onwards, the lender will increase the discount on its Advantage Package to 0.25 per cent from 0.15 per cent for its two year fixed rate home loan.
The increased discount brings the fixed interest rate to just 6.99 per cent.
The offer applies for new St George two year fixed rate advantage package loans of $150,000 or more, for all applications until 20 June 2011 and is available to new and existing customers.
Speaking about the discount, the bank’s chief executive Rob Chapman said the special offer fixed home loan rate would be welcomed by customers seeking interest rate certainty.
“Our customers are telling us that they are concerned about rising costs of living and managing their budgets, so we’ve listened to their concerns and provided an attractive fixed rate home loan offer which offers customers the certainty of knowing exactly how much their mortgage repayments will be each month,” he said.
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