St George Commercial Loan Review for Australian Expats

St George Commercial Loan Options

St George Commercial offers the following commercial loan products. Please note that these may not be available for borrowers from overseas. Speak with us to discuss your best options.

This loan is designed to help small businesses purchase or refinance commercial property. The loan can be used for a variety of purposes, such as purchasing a new office building, expanding an existing business, or refinancing existing debt.

The commercial investment loan is designed to help investors purchase commercial property for investment purposes. The loan can be used to purchase a variety of properties, such as office buildings, retail space, industrial properties, or apartments.

This loan is designed to help individuals purchase or start-up a franchise business. The loan can be used to cover the costs of purchasing a franchise, as well as the costs of getting the business up and running. As with the other commercial loan types, this also requires a strong business plan to secure loan approval.

St George Commercial Loan Review

Here are the pros and cons of choosing St George Commercial to buy property in Australia.

Pros Cons
Competitive interest rates
Strict credit assessment
Wide range of loan products
Maximum loan term of 15 years
Flexible loan terms
High fees on some products
Experienced and knowledgeable staff
No low doc commercial loans

Allow us to find you the perfect home loan.

Apply online to get expert recommendations with real interest rates and repayments.

Features of St George Commercial Loans

St George Commercial can help you get the following commercial loan features.

Feature Details
Redraw Facilities
Allows you to access money you've already paid back on your loan, subject to certain conditions. These facilities can be helpful for managing your cash flow or taking advantage of investment opportunities.
Additional Repayments
Can help you save money on interest and pay off your loan faster. However, there may be early repayment fees associated with some loan products.
Loan Portability
Allows you to switch your loan to another St George property if you sell your current property. This can help you avoid the costs and hassle of refinancing your loan.
Repayment Holiday
Offered on a case-by-case basis. This means you may be able to temporarily pause your loan repayments if you are experiencing financial hardship. However, interest will continue to accrue during this time.

Facts About St George Commercial

St George Commercial holds a significant market share in the Australian commercial lending market, particularly within the SMB segment.

SGB Commercial offers a comprehensive range of commercial loan products, including property finance, business loans, equipment finance, and trade finance. It is recognised for its strong customer service and focus on building relationships with its business clients.

The bank actively supports various business initiatives and community programs across Australia.

How Do I Apply for an Expat Mortgage with St George Commercial?

Here are the steps on how an Australian expat, permanent resident, or foreign investor living overseas can apply for an Australian expat commercial loan with St George Commercial.

  • Research and Compare Loan Options: Review the bank’s options along with other lenders to understand their commercial loan products, interest rates, fees, and eligibility requirements. Consider factors like loan amount, repayment terms, interest type (variable or fixed), and security requirements.
  • Gather the Necessary Documents: This includes documents such as evidence of your identity, income verification documents, business plans if applicable, and any other document as requested by the bank.
  • Pre-qualify for a Loan: Contact a commercial mortgage broker for a pre-qualification assessment. This will help you determine the approximate loan amount you may be eligible for and understand any potential hurdles.
  • Submit a Formal Loan Application: Complete the commercial loan application form with the help of your mortgage broker or visit a St George branch with your documents. Make sure to provide accurate and complete information to avoid delays.
  • Credit Assessment: The bank will assess your creditworthiness based on your financial history, income, and assets. This may involve obtaining credit reports and verifying your information.
  • Valuation and Property Assessment: The bank will arrange for a valuer to assess the property you are seeking to purchase. This will determine the market value of the property and influence the loan amount offered.
  • Loan Approval: The bank will review your application and make a decision regarding your loan approval. This can take several days or weeks, depending on the complexity of your application.
  • Loan Documentation and Settlement: Once your loan is approved, you will need to sign loan documentation and complete the settlement process. This involves paying any legal fees, stamp duty, and other closing costs.

Please note that eligibility requirements and loan terms may vary depending on your specific circumstances and the chosen St George Commercial product. We specialise in mortgages for Australian expats, permanent residents and foreign investors living overseas. Contact us for the latest information and personalised advice.

Who is Eligible?

Eligibility criteria for commercial loans with St George Commercial vary depending on the specific loan product and the applicant’s individual circumstances. Here’s a general overview.

  • Age: Applicants must be at least 18 years old.
  • Business Structure: Businesses must be legally registered in Australia.
  • Financial Strength: Businesses must have a strong financial history, demonstrating profitability and stable cash flow.
  • Security: St George Commercial typically requires some form of security for their commercial loans, such as a mortgage over the property being purchased or a guarantee.

St George Commercial offers commercial loans to Australian expats and permanent residents living overseas. However, specific eligibility requirements may apply, such as:

  • Minimum income levels
  • Stable employment history
  • Sufficient equity in the property being purchased
  • Creditworthiness established in Australia
  • Demonstrated ability to service the loan
  • Additional documentation for income and assets verification

St George Commercial may also offer commercial loans to foreign investors living overseas. However, the eligibility requirements are likely to be more stringent than for Australian residents. This may include:

  • Higher minimum income thresholds
  • Greater equity requirements
  • Additional security requirements
  • More stringent credit assessments
  • Potential for higher interest rates

It is always recommended to contact a specialist commercial mortgage broker directly for a personalised assessment of your eligibility and the most applicable loan options for your specific circumstances. They can provide you with tailored advice and guidance to help you navigate the application process successfully.

What Documents Do I Require?

St George Commercial requires specific documents to assess your eligibility and process your application for a commercial loan if you’re an overseas applicant. These documents may vary depending on your individual circumstances and the type of loan you’re applying for. Here’s a general list of documents you might need.

Identification Documents

This includes documents such as your passport, proof of overseas residency (e.g., utility bills, rental agreement), and Australian visa or citizenship documentation (if applicable).

Financial Information

This includes documents such as the completed application form, recent tax returns (2-3 years), bank statements for all accounts (personal and business) for the past 6 months, proof of income and employment (e.g., payslips, contracts), business financial statements (if applicable), and credit report from your home country.

Property Information

This includes documents such as property purchase contract or agreement, property valuation report, council rates notices, and evidence of any existing mortgages or encumbrances on the property.

Additional Documents

This includes documents such as a business plan (if applicable) and letters of reference from financial institutions or business partners.

This is not an exhaustive list, and the bank may request additional documents based on your specific case.

Other Related Products from St George Commercial

Commercial Development Loan

A commercial development loan helps finance the purchase of land, construction costs, and associated expenses for the development of commercial property.


  • Flexible loan terms up to 24 months.
  • Interest-only payments during construction.
  • Repayment options tailored to your project timeline.
  • Security required, typically a mortgage over the development land.

It provides access to significant capital for complex projects, reduces upfront costs and improves cash flow management, and allows customisation based on your project’s specific needs.

Commercial Construction Loan

A commercial construction loan helps you finance the construction of a new commercial building or major renovation of an existing one.


  • Short-term loan with flexible repayment options.
  • Progress payments aligned with construction milestones.
  • Security required, typically a mortgage over the land and/or building under construction.

It ensures timely access to funds for construction expenses, provides predictable costs and minimises financial risks, and offers flexible repayment options based on project progress.

Line of Credit

A line of credit helps provide flexible access to funds for ongoing business expenses, such as inventory purchases, payroll, or temporary cash flow gaps.


  • Pre-approved credit limit based on your business’s financial strength.
  • Interest charged only on the amount drawn.
  • Revolving credit facility allowing for multiple draws and repayments.
  • Security required, which may vary depending on the credit limit.

It provides increased financial flexibility for managing unexpected expenses, improved cash flow management and avoids the need for multiple loan applications, and reduces reliance on overdrafts or other short-term borrowing options.

Need a Mortgage With St George Commercial?

St George Commercial can be a good option for Australian expats looking to buy commercial property in Australia, especially if they have a good credit history and a significant amount of equity in their property. However, it is important to compare rates and fees from other lenders before making a decision. That’s where we come in!

Odin Mortgage specialises in residential and commercial mortgages for Australian expats, permanent residents and foreign investors living overseas looking to buy property in Australia. Contact us today to discuss your needs and unique situation to check out your best options.

Other Australian Lender Reviews

Allow us to find you the perfect home loan.

Apply online to get expert recommendations with real interest rates and repayments.

FAQs About St George Commercial

Yes, St George Commercial offers commercial loans to Australian expats living overseas. However, specific eligibility criteria apply, including minimum income levels, stable employment history, sufficient equity in the property being purchased, and creditworthiness established in Australia.

St George Commercial offers several benefits for expat borrowers, including competitive interest rates, non-recourse loan options, experience with expats, flexible loan terms, and a wide range of products. They are also an experienced and well-renounced Australian lender.

The documents required may vary depending on your specific circumstances and the type of loan you’re applying for. However, general documents required include identity documents, income verification documents, and any other additional documents as required. You can find out more about this in the relevant section above.

Yes, expats may face some additional considerations.

  • Stricter Credit Assessment: St George Commercial has a stricter credit assessment process for expats, so having a solid credit history is crucial.
  • Higher Equity Requirements: You may need a higher deposit than Australian residents to qualify for a loan.
  • Limited Non-recourse Options: Non-recourse loans may not be available for all properties or borrowers.
  • Tax Implications: Consider the tax implications of owning commercial property in Australia while living overseas.

Odin Mortgage can help you secure your commercial loan to buy or invest in Australian property.

See What You Qualify For

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