BankSA Advantage Package Fixed Home Loan

The BankSA Advantage Package Fixed Home Loan allows you to combine your home loan, credit card and transaction account into one package.

This home loan provides flexible repayment options where you can choose the home loan, credit card and transaction account most suitable for your situation. It has fixed rates with options for home buyers and investors. You can choose between principal and interest or interest only repayments.

Cashback offer for the Advantage Package

Eligible borrowers can receive a cashback when taking out a principal and interest BankSA Advantage Package loan with a minimum loan size of $200,000. Customers refinancing an owner occupier or investment loan can receive a $2,000 cashback on applications received from 23 September 2019 to 31 January 2020 and settled by 31 March 2020.
Cashback offers exclude Portfolio loans and customers refinancing from within the Westpac banking group.

Interest Rate Max Insured LVR Max LVR
1 Year Fixed (Investor, IO)
3.84% p.a.
Comparison Rate
4.70% p.a.
90% 80%
1 Year Fixed (Owner Occupier, IO)
3.89% p.a.
Comparison Rate
4.47% p.a.
95% 80%
1 Year Fixed (Owner Occupier, P&I) LVR above 60% up to 80% New customers
2.89% p.a.
Comparison Rate
3.86% p.a.
80% 60%
1 Year Fixed (Investor, P&I)
3.64% p.a.
Comparison Rate
4.43% p.a.
90% 80%
2 Year Fixed (Investor, IO)
3.54% p.a.
Comparison Rate
4.60% p.a.
90% 80%
2 Year Fixed (Investor, P&I)
3.23% p.a.
Comparison Rate
4.32% p.a.
90% 80%
2 Year Fixed (Owner Occupier, IO)
3.79% p.a.
Comparison Rate
4.43% p.a.
95% 80%
2 Year Fixed (Owner Occupier, P&I) LVR above 60% up to 80% New customers
2.89% p.a.
Comparison Rate
3.81% p.a.
80% 60%
3 Year Fixed (Owner Occupier, IO)
3.79% p.a.
Comparison Rate
4.41% p.a.
95% 80%
3 Year Fixed (Owner Occupier, P&I) LVR above 60% up to 80% New customers
2.89% p.a.
Comparison Rate
3.76% p.a.
80% 60%
3 Year Fixed (Investor, P&I)
3.23% p.a.
Comparison Rate
4.25% p.a.
90% 80%
3 Year Fixed (Investor, IO)
3.54% p.a.
Comparison Rate
4.54% p.a.
90% 80%
4 Year Fixed (Investor, IO)
3.84% p.a.
Comparison Rate
4.58% p.a.
90% 80%
4 Year Fixed (Investor, P&I)
3.64% p.a.
Comparison Rate
4.33% p.a.
90% 80%
4 Year Fixed (Owner Occupier, IO)
4.09% p.a.
Comparison Rate
4.49% p.a.
95% 80%
4 Year Fixed (Owner Occupier, P&I) LVR above 60% up to 80% New customers
2.89% p.a.
Comparison Rate
3.71% p.a.
80% 60%
5 Year Fixed (Investor, IO)
3.84% p.a.
Comparison Rate
4.54% p.a.
90% 80%
5 Year Fixed (Investor, P&I)
3.64% p.a.
Comparison Rate
4.30% p.a.
90% 80%
5 Year Fixed (Owner Occupier, IO)
4.09% p.a.
Comparison Rate
4.49% p.a.
95% 80%
5 Year Fixed (Owner Occupier, P&I) LVR above 60% up to 80% New customers
2.89% p.a.
Comparison Rate
3.67% p.a.
80% 60%
Product NameBankSA Advantage Package Fixed Home Loan
Interest Rate TypeFixed
Comp Rate^ (p.a.)
Minimum Loan Amount$150,000
Minimum Loan Term1 year
Maximum Loan Term30 years
Maximum LVR60%
Maximum Insured LVR95%
Mortgage Offset AccountYes
Mortgage 100% OffsetNo
Loan Redraw FacilityYes
Split Loan FacilityYes
Fixed Interest OptionNo
Loan PortableYes
Suitable for InvestmentYes
Extra RepaymentYes
Available as equity loan/line of creditNo
Repayment TypePrincipal & Interest and Interest Only Options
Application Fee$0
Ongoing Fees$395 p.a.
Settlement Fee$100
Discharge Fee$350

Pros

  • $0 settlement fee
  • Flexible repayments

Cons

  • A $350 discharge fee applies when closing the loan
  • $100 settlement fee
  • $395 annual service fee

Things to consider about the BankSA Advantage Package

The Advantage Package Fixed Home Loan from BankSA is suitable for first home buyers, investors and refinancing. To create your own Advantage Package you’ll need to pick a home loan, credit card and transaction account from BankSA.

Features of the BankSA Advantage Package

  • All-in-one package. Having all your financial products combined with the one bank means you can access them all at once and can help you better manage your finances.
  • Partial offset account. You can reduce interest payments on your home loan with the partial interest-offset feature linked to your BankSA transaction account.
  • Flexible repayments. Repayments are flexible. You can choose to make them weekly, fortnightly, or monthly.
  • Redraw facility available. Another feature of the package is that you can redraw excess payments made previously on your loan.

What fees and charges come with this loan?

The BankSA Advantage Package Fixed Home Loan has few fees apart from the settlement, discharge and annual package fee.

  • Settlement fee: $100. BankSA charges this fee to cover the initial set-up of a home loan.
  • Annual package fee (with offset account): $395. You can pay the annual package fee from a BankSA transaction account (which is part of the package).
  • Discharge fee: $350. You pay a discharge fee when you end the home loan, either by repaying it or by refinancing to another lender.

How do I apply for this loan?

To apply for this product or to get more information, click the green "Go to site" button and leave your details on the BankSA's website. A BankSA lending specialist will get in touch with you to help you start the application process and answer all your questions.


Enquire about this home loan
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2 Responses

  1. Default Gravatar
    JackDecember 24, 2014

    I have a Bank SA Complete Freedom Offset account and am using it with a loan mortgage.

    What happens if there is more money in the offset account than is owed on the mortgage.

    This will happen due to a deposit which will only be in the account for a short time. say 3-10 days.

    • Avatarfinder Customer Care
      ShirleyDecember 29, 2014Staff

      Hi Jack,

      Thanks for your question.

      Generally if the offset account balance is more than the home loan balance then no interest will be charged to the home loan.

      However, it’s best to get in touch with BankSA to confirm this is the case.

      Cheers,
      Shirley

BankSA Advantage Package Fixed Home Loan

  • Interest Rate

    N/A

  • Comparison Rate

    N/A

  • App Fee / Annual Service Fee

    $0 / $395

  • Max LVR

    60%

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