Learn more about unsecured personal loans with St George

Thursday January 8, 2009

There are different types of personal loans, mainly secured personal loans and unsecured personal loans.

A secured personal loan requires collateral as this how the bank ensures that they will be able to recoup their losses if you are forced to default. Secured personal loans are typically required for car loans or if your credit history is not as good as it could be. Secured personal loans often offer lower interest rates and higher borrowing amounts.

Unsecured personal loan don't require collateral. Unsecured personal loans can be used for most purpose, such as taking a holiday, renovating your house, getting new furniture, or consolidating debts. The downside to unsecured personal loans can be lower borrowing amounts and interest rates may be higher.

With St George offers both secured personal loans and unsecured personal loans.

The features of St George personal loans include:

• Your choice of variable interest rates or fixed interest rates.
• St George unsecured personal loans allow you to borrow up to $40K.
• A St George secured personal loan allow you to borrow up to $80K.
• Choice of weekly, fortnightly or monthly repayments.
• Competitive establishment fees.
• Low monthly fees.
• Debt consolidation.
• Redraw is available on some types of personal loans.
• Loan insurance is available.

Apply for the St George personal loan online.

Use our personal loan calculator.

Compare personal loans and car loans.

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