St George Bank has joined the ranks of companies on the App Store by releasing an app of its own, designed as a home loan calculator for prospective property buyers.
The app will allow users to calculate how much they can borrow, their monthly repayments and the best suburbs in which to buy based on median house prices across the country.
The bank said it produced the app due to the 60,000 customers currently using its mobile banking service.
“The St.George Home Loan Calculator App is very easy to use and also provides potential home buyers with the information they need right at their fingertips, where and when they need it the most,” head of e-distribution and internet Travis Tyler said in a statement.
“With this app, users can work out their borrowing power and repayments on their dream home while at an auction or inspection, find suburbs where they can afford to buy and even ask for a St.George lending expert to contact them at a specific time with more information. What’s more, calculating your potential borrowing power and loan repayments doesn’t even require an internet connection.”
Patrick Stafford is a freelance journalist and a former deputy editor of SmartCompany.
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