Adelaide Bank SmartSaver Home Loan

The Adelaide Bank SmartSaver is a basic home loan that offers finance without complicated features or high fees.

With a low introductory variable interest rate and no monthly administration fees, the Adelaide Bank SmartSaver home loan allows you to put money aside each month. You can finance up to 95% of your home’s value, making this an option for Australians who don’t have a lot of disposable income to make a large down payment.

Note that Adelaide Bank also offers a range of fixed rate and low doc loans.

Interest Rate Max Insured LVR Max LVR
LVR < 90% (Owner Occupier, IO)
3.23% p.a.
Comparison Rate
2.95% p.a.
80% 80%
LVR < 90% (Owner Occupier, P&I)
2.73% p.a.
Comparison Rate
2.77% p.a.
90% 80%
LVR <90% (Investor, IO)
3.23% p.a.
Comparison Rate
3.14% p.a.
80% 80%
LVR <90% (Investor, P&I)
3.03% p.a.
Comparison Rate
3.07% p.a.
90% 80%
LVR > 90% (Owner Occupier, P&I)
3.43% p.a.
Comparison Rate
3.47% p.a.
95% 80%
Product NameAdelaide Bank SmartSaver Home Loan
Interest Rate TypeVariable
Comp Rate^ (p.a.)
Minimum Loan Amount$10,000
Maximum Loan Amount$5,000,000
Minimum Loan Term5 years
Maximum Loan Term30 years
Maximum LVR80%
Maximum Insured LVR95%
Mortgage Offset AccountNo
Mortgage 100% OffsetNo
Loan Redraw FacilityYes
Split Loan FacilityYes
Fixed Interest OptionYes
Suitable for InvestmentYes
Extra RepaymentYes
Available as equity loan/line of creditNo
Repayment TypePrincipal & Interest and Interest Only Options
Application Fee$375
Lender's Legal Fee$0
Valuation Fee$240
Ongoing Fees$0 p.a.
Settlement Fee$120
Discharge Fee$325


  • $0 Legal fee
  • $0 Ongoing fee
  • Redraw Facility
  • Extra repayments are available
  • Borrow up to 95% of the property's value


  • $375 Application fee
  • $325 discharge fee when closing the loan
  • No offset account

Things to consider about the Adelaide Bank SmartSaver Home Loan.

The SmartSaver home loan is a full documentation loan only available for purchasing or refinancing a home, although it may be used towards the purchase of an investment property. Company and trust applicants aren’t eligible for this loan, as will temporary residents or overseas applicants.

This loan has no monthly or annual fees, but does charge regular upfront costs.

Features of the Adelaide Bank SmartSaver Home Loan

  • Loan amount: The minimum amount for this loan starts at $10,000 and the maximum is $5 million.
  • Maximum Loan-to-Value Ratio (LVR): The maximum LVR for this loan is 95% for borrowers who make monthly principal and interest repayments and 90% for those making interest-only repayments.
  • Loan terms: Loan terms are five to 30 years with the option of making principal and interest repayments or interest-only payments.
  • Repayment frequency: Principal and interest repayments may be made weekly, fortnightly or monthly to align with your pay structure. Interest-only repayments can only be made every month. Extra repayments can be made at will with no penalty.
  • Redraw: You can use the redraw facility to access extra repayments you’ve made for free if redrawing online or via phone banking. A minimum of $500 may be redrawn.
  • Split Loans: You can split this loan into more than one portion, allowing you to take advantage of fixed and variable rates. You will be charged $100 for each split loan application.

What fees and charges come with this loan?

  • Lender’s Mortgage Insurance (LMI). Amount varies. LMI fees will not be applied if you are able to borrow less than 80% of the value of the home.
  • Monthly fees. $15 per month. These fees are not applied on the SmartSaver home loan.
  • Application fee. $375. The application fee pays for assessing your loan application, processing and preparing the documentation needed for the mortgage loan to settle.
  • Settlement fee. $100. The settlement fee is paid to the bank once the home loan is settled
  • Funds disbursement fee. $15.

How to apply for the Adelaide Bank SmartSaver Home Loan

If you’re interested in applying for this loan, you can click ‘Go to Site' to be redirected to the secure online form to start the application process. Before you do so, check the following criteria to see if you are eligible:

  • Only citizens or permanent residents of Australia are eligible for the SmartSaver home loan
  • Applicants must be over the age of 18 and have credit rating.

Adelaide Bank will assess your current financial situation and employment history before determining the amount, if any, of the home loan they will offer you.

You should have prepared the following documents ready for your application:

  • A list of your current assets, including the estimated values
  • A list of all liabilities, including available credit limits
  • Proof of your gross income either with pay stubs or tax forms
  • The value of the property that is going to be used as security for the home loan
  • The amount you have available to offer as a deposit

Making the commitment to a home loan is a big step towards yours and your family’s future. Compare different packages and options to make the choice that will best serve your needs now and in the future.

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Adelaide Bank SmartSaver Home Loan

  • Interest Rate


  • Comparison Rate


  • App Fee / Annual Service Fee

    $375 / $0

  • Max LVR


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