BankSA Fixed Rate Home Loan

Shield yourself from ever-changing loan interest rates by getting a fixed rate home loan with Bank SA.

Bank SA’s Fixed Rate Home Loan gives you a chance to have a fixed interest rate on your loan for up to five years. During the time that your loan is fixed, you’ll pay the same amount in repayments, making it easier to budget.

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Review by

Richard Whitten is an editor at Finder, and has been covering home loans and the property market in Australia for the last 4 years. He has written for Yahoo Finance, Money Magazine and Homely, as well as multiple banks and lenders. Richard has a Certificate IV in Finance and Mortgage Broking, a Bachelor of Education from the University of Sydney and a Graduate Certificate in Communication. He enjoys helping people understand the ins and outs of mortgages so they can make smarter property decisions. Richard trained as a high school teacher but found it easier to manage personal finances than a classroom full of kids. Before joining Finder, he edited textbooks and taught English in South Korea.

Expert review

The Bank SA Fixed Rate Home Loan is specifically designed for homeowners and investors. The fixed interest rate makes it easy for you to know just how much you are supposed to pay and arrange your budget appropriately.

About this loan

What are the features and benefits of the Bank SA Fixed Rate Home Loan?

  • Package deal to save more. Save money on fees and get special interest rates with the Advantage Package, which is a package deal for your home loan, credit card and transaction account.
  • Loan repayment. The Bank SA Fixed Rate Home loan offers two modes of repayment to choose from; principal and interest repayments and interest-only repayments. For principal and interest repayment you can make weekly, fortnightly or monthly payments while interest-only loans only offer monthly repayments. You also get the option of setting up an automatic repayment plan from a specific account and can also make additional repayments of up to $10,000 for your home loan before break costs apply. On investment loans, you can also pay the interest in advance and get a discount of 0.2% per annum off your interest rate.
  • Family pledge. You can avoid paying Lender's Mortgage Insurance (LMI) by having a family member guarantee your part of your home loan by using their home equity as extra security.
  • Split your loan. You also get the opportunity to split your loan into fixed and variable portions to receive the benefits of both.

How to apply

To find out more about this loan, or to apply, click the 'Go to site' button below. This will take you to the BankSA website where you can arrange a callback or start an application. To arrange a callback, you'll need to enter your contact details.

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