St George Finance Car Loans

First founded in 1937 as a building society, it became a full bank in 1992. St George Bank became part of the Westpac group in 2008. St George Finances car loans as well as mortgages and other banking products. Their custom base for retail and business banking has grown to more than 2.6 million people since then.

Because of its partnership with one of Australia’s Big Four banks, St George can offer a multitude of services to its both personal and business customers. Its personal banking products include bank accounts, home and personal loans, credit cards, insurance and investments; while its business banking products include bank accounts, credit cards, business loans, superannuation, insurance, payment and other solutions.


When it comes to St George car loans, individual loans offerings include secured and unsecured personal loans, while for businesses the options are goods loans (also known as chattel mortgages), hire purchase, finance lease and novated lease agreements. You can even track and administer your St George finance car loan online through their internet banking facility.

One of the biggest thing that stands out with their loans is a minimum amount of just $3,000. Applications are even approved on the same day with proper documentation.

About St George Finance Car Loans

Whether secured or unsecured, these are unique features for each based on the risk profile (credit history) of the borrower themselves.

St George Secured Car Loans

This loan uses the vehicle as security creating a lower interest rate. Some features of this loan include:

  • Minimum loan amount of $3,000, up to $40,000
  • Fixed or variable interest rate
  • Loan periods of 1 to 5 years
  • Extra repayments without penalty
  • Redraw facility where extra payments can be taken back (variable rate only)
  • Weekly, bi-weekly or monthly payments

St George Unsecured Car Loans

For those who choose not to use the vehicle or any other personal property as security, interest rates will be higher than for a St George Finance car loan's product of an unsecured car loan. Some features of this loan include:

  • Borrow from $3,000, up to $80,000
  • Fixed or variable interest rates
  • Loan periods of 1 to 5 years
  • Redraw facility for variable rate loans
  • Flexible repayment – weekly, bi-weekly or monthly

About St George Finance Car Loans for business

There are four different St George Bank car loan options for businesses, each with their own unique benefits. Whichever option you choose, the minimum loan amount is $15,000 with flexible periodical repayment terms from 1 to 7 years.

St George Goods Loan (Chattel Mortgage)

With this loan, you source and buy the vehicle owning it outright as the loan is secured against the vehicle. There are many tax benefits here as businesses can claim the GSET on the purchase price in their next BAS statement, claim depreciation and interest on the loan repayments and 100% finance is available, where you can roll all additional costs into the loan amount itself.

St George Hire Purchase

With this loan, St George buys the vehicle and the borrower repays them in payments. Once they are all made, ownership is transferred to the borrower. Just like the Goods loan, both depreciation and GST on interest repayments is tax deductible.

St George Finance Lease

Like that of a Hire Purchase, a Finance Lease agreement means that St George will purchase the vehicle and rent it to you for an agreed period of time (loan terms). You then can buy the vehicle for market value or St George will sell the car at the end of the term period.

St George Novated Lease

A Novated Lease is the same as a Finance Lease, only it is for individual employees of a company who wish to buy a vehicle for private use. The employer takes on the responsibility of making the lease payments on behalf of the employee from their pre-tax salary. This means paying less tax as your pre-tax salary less that payment will be less.

About St George Programs and Initiatives

St George is involved in a number of community programs and initiatives including:

  1. Discounted banking for those with special needs, students, not-for-profit organization and for rural customers
  2. In Touch With Money, a program designed to educate young people about basic and important money management.
  3. Wesley Mission Credit Line - An education program that offers on managing money and different financial risks to avoid.

For more information on their services, visit or call 1300 301 315 directly.

Read about car finance lenders here.

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St George Finance