Foreign Currency Loan

Borrow funds in a foreign currency to buy your investment property in Australia

The St.George Foreign Currency Home Loan offers customers residing either in Australia or overseas the ability to borrow funds in a foreign currency for an Australian residential investment property, provided their main source of income is in that same foreign currency.

You can borrow up to 75% of the value of the security property
Or if additional security is provided, your can borrow up to 100% of the value of a new property

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The loan

Foreign currencies
available

Hong Kong Dollar (HKD)
United States Dollar (USD)
Singapore Dollar (SGD)
British Pound Sterling (GBP)
New Zealand Dollar (NZD)
Euro (EUR)

Interest type

Variable interest rate – the interest rate is set at a margin above the applicable foreign currency’s base rate, and may differ depending on loan amount. Rates are set every 3 or 6 months

Term

Up to 30 years

Can be used for building

No. During construction loans in AUD are available and when the building is complete the AUD loan can be converted to a Foreign Currency Home Loan

Available for vacant land

Yes, but only if a building contract (ie to construct a dwelling) has been signed

Repayments

Frequency

Nominate to pay every 3 or 6 months in arrears

Additional payments

Make additional payments at any time¹

Repayments

Can be remitted via Telegraphic Transfer or Direct Transfer from a nominated account overseas

Interest-only option

Nominate to pay every 3 or 6 months in arrears, for up to 15 years

Features and benefits

Account keeping

No monthly administration fee

Ability to increase loan amount

Applying for additional funds is simple²

Redraw facility

Not available on foreign currency loans

Interest Offset facility

Not available

Repayment Pause

Not available

Family Pledge

Not available

Flexible Choice Home Loan

Not available

Deposit Protect Bond

Not available

Interest Rates

The interest rates quoted below are the sum of the Currency Reference Rate and a margin from 1.00% to 1.50%. Reference rates are subject to change at any time. Rates are indicative only, and are a daily average for week ending Friday, 19 December 2008.

Total Home Loan Borrowing Amount	Up to $500K		From $500k to <$1m		=>$1m
Margin	1.50%		1.25%		1.00%
Currency Reference Rate	3 Month Interest Rate	6 Month Interest Rate	3 Month Interest Rate	6 Month Interest Rate	3 Month Interest Rate	6 Month Interest Rate
USD - SIBOR USD	3.19% p.a.	3.53% p.a.	2.94% p.a.	3.28% p.a.	2.69% p.a.	3.03% p.a.
HKD - HIBOR	2.80% p.a.	3.33% p.a.	2.55% p.a.	3.08% p.a.	2.30% p.a.	2.83% p.a.
SGD - SIBOR SGD	2.71% p.a.	2.84% p.a.	2.46% p.a.	2.59% p.a.	2.21% p.a.	2.34% p.a.
GBP - LIBOR GBP	4.60% p.a.	4.77% p.a.	4.35% p.a.	4.52% p.a.	4.10% p.a.	4.27% p.a.
Euro - LIBOR EUR	4.70% p.a.	4.80% p.a.	4.45% p.a.	4.55% p.a.	4.20% p.a.	4.30% p.a.
NZD - NZFMA	6.66% p.a.	6.43% p.a.	6.41% p.a.	6.18% p.a.	6.16% p.a.	5.93% p.a.

Learn more about our Foreign Currency Home Loan

Call a home loan expert on 13 33 30 8am - 9pm (AEST), 7 days a week

Apply now

Make an appointment

Disclaimer

Fees and charges are payable and terms & conditions apply. Full details of relevant terms & conditions are available on request. All applications for credit are subject to the Bank’s prevailing credit criteria.

1 No fee is payable if the principal reduction occurs on an interest payment date.
2 Within available currencies and conditions apply.

St.George Bank Limited issues currency swaps. Before acquiring or deciding to hold a product, you should read the Product Disclosure Statement available by phoning us on 13 33 30.