BankSA Overdraft - Rates & Fees Comparison | finder.com.au

BankSA Overdraft

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Peace of mind when you need it, attached conveniently to your transaction account.

Getting ‘caught’ short doesn’t usually imply that you have time to apply for emergency funds to tide you over. So when emergency expenses crop up, it can be good to know that you have credit to draw on should you need it. This is where the Unsecured Personal Overdraft from BankSA might be able to help.


From 14.99% (variable)

Interest Rate (p.a.)

$500

Min Loan Amount

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Details

Product NameBankSA Overdraft
Interest Rate (p.a.)
From 14.99% (variable)
Interest Rate TypeVariable
Min Loan Amount$500
Max. Loan Amount$20,000
Loan SecurityUnsecured

Things to consider about the BankSA Unsecured Personal Overdraft

This overdraft facility from BankSA is unsecured, meaning you're not required to attach any guarantees in order to be approved for credit. The overdraft is linked directly to your transaction account, so you'll be required to have a BankSA Complete Freedom account in order to benefit from the facility. If you don't have one of these accounts, you can easily open one when you apply.

Features of the BankSA Unsecured Personal Overdraft

There's a host of features that come with a personal overdraft with BankSA:

  • Interest rate. This overdraft comes with a competitive variable interest rate of 14.99% p.a.
  • Credit limit. When you apply for this overdraft you'll be approved for a limit of between $500 and $20,000, depending on your financial circumstances and BankSA's lending criteria.
  • Repayment and terms. As it is linked to your BankSA transaction account, there is no expiry date for the overdraft facility. There are also no repayment terms and the amount outstanding is payable on demand.
  • Repayment flexibility. You are not required to make any regular minimum repayments and there is no fixed repayment amount.
  • Transaction account. Your overdraft will be linked to your BankSA Complete Freedom transaction account.
  • Account management. BankSA gives you the ability to track and manage your overdraft facility and transaction account through their Internet Banking portal.
  • Fees. You pay $0 establishment fee to set up your account, although you will be charged a $5 monthly fee as long as your overdraft facility is open.
  • Account access. You'll be able to access the full limit of your credit 24 hours a day, making for a convenient credit solution when you need it most.

How to apply

As long as you're 18 and a permanent Australian resident, you'll be able to apply.

What you'll need to apply:

  • Your current employer's name and contact details
  • Weekly after-tax income for each applicant
  • Details of your assets, savings and investments
  • The current limits of your credit cards and store cards
  • One personal reference and their contact information
  • Recent tax information if you're self-employed.

Your application will take about 10 to 15 minutes to complete and you will receive an immediate response regarding your application's outcome.

Compare other personal loans

Data updated regularly
$
Name Product Interest Rate (p.a.) Comparison Rate (p.a.) Min Loan Amount Loan Term Application Fee Monthly Service Fee Monthly Repayment
Symple Loans Personal Loan

From 5.75% (variable)
6.47%
$5,000
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from 0% to 5% of the loan amount
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You'll receive a personalised interest rate from 5.75% p.a. to 25.99% p.a. based on your risk profile
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Harmoney Unsecured Personal Loan

From 6.99% (fixed)
7.79%
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$575 ($275 for loans of below $5,000)
$0
You'll receive a fixed rate between 6.99% p.a. and 24.79% p.a. based on your risk profile.
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Plenti Personal Loan

From 6.39% (fixed)
6.39%
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$0 to $999
$0
You'll receive a fixed rate between 6.39% p.a. and 17.89% p.a. based on your risk profile
A flexible loan with amounts from $2,001 and terms starting from 3 years. Interest and comparison rates calculated for a loan term of 5 years.
NAB Personal Loan Unsecured Fixed

From 6.99% (fixed)
7.91%
$5,000
1 to 7 years
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You'll receive a fixed rate between 6.99% p.a. and 18.99% p.a. ( 7.91% p.a. to 19.83% p.a. comparison rate) based on your risk profile
An unsecured loan up to $55,000 you can use for a range of purposes and pay off over up to 7 years. Note: Majority of customers will get the headline rate of 12.69% p.a. (13.56% p.a. comparison rate) or less. See Comparison rate warning in (i) above.
Alex Personal Loan

From 5.49% (fixed)
5.49%
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$0 (Waived $295 establishment fee)
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You'll receive a fixed interest rate from 5.49% p.a. to 19.99% p.a. based on your risk profile
Borrow between $2,100 and $30,000 from 6 months to 5 years. Note: The $295 establishment fee will be waived for loan applications submitted by 3 May 2021
OurMoneyMarket Personal Loan

From 5.35% (fixed)
6.31%
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1 to 7 years
1.5–6% of your total loan amount
$0
You'll receive a fixed rate from 5.35% p.a. to 20.99% p.a. based on your risk profile
A personalised loan from $2,001 to $75,000 that varies based on your credit history and financial situation.


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NOW Finance No Fee Unsecured Personal Loan

From 5.95% (fixed)
5.95%
$5,000
18 months to 7 years
No Establishment Fee
$0
You'll receive a fixed rate between 5.95% p.a. and 17.95% p.a. based on your risk profile
Borrow from $5,000 to $7,999 with loan terms between 18 months and 3 years or borrow $8,000 to $50,000 with loan terms between 18 months and 7 years.


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Latitude Personal Loan (Unsecured)

From 7.99% (fixed)
9.24%
$3,000
1 to 7 years
$250 (Loans under $5000 - $140)
$13
You'll receive a fixed rate between 7.99% p.a. and 22.99% p.a. based on your risk profile
Apply for what you need from $3,000 and use it for a range of purposes. Repay weekly, fortnightly or monthly. You can check your interest rate before applying with no impact to your credit score.
SocietyOne Unsecured Personal Loan (2-3 years)

From 6.39% (fixed)
6.39%
$5,000
2 to 3 years
from 0% to 5% of the loan amount
$0
You'll receive a fixed rate between 6.39% p.a. and 17.49% p.a. based on your risk profile
A loan from $5,000 to use for a range of purposes. Benefit from no ongoing fees and no early repayment fee.
SocietyOne Unsecured Personal Loan (5 years)

From 6.39% (fixed)
6.39%
$5,000
5 years
from 0% to 5% of the loan amount
$0
You'll receive a fixed rate between 6.39% p.a. and 19.99% p.a. based on your risk profile
A loan from $5,000 to use for a range of purposes. Benefit from no ongoing fees and no early repayment fee.
Wisr Personal Loan

From 6.49% (fixed)
6.76%
$5,000
3 to 5 years
$595
$0
You'll receive a fixed rate between 6.49% p.a. and 19.95% p.a. based on your risk profile
A loan from $5,000 that charges no fees for extra or early repayments. Keep in mind security is required in some cases.
CUA Unsecured Fixed Rate Personal Loan
9.39% (fixed)
9.64%
$5,000
1 to 7 years
$175
$0
You'll receive a fixed rate of 9.39% p.a.
An unsecured loan from $5,000 with flexible repayments and no monthly fee.
MoneyMe Personal Loans

From 6.25% (fixed)
7.64%
$2,100
1 to 5 years
from $295 to $495
$10
You'll receive an interest rate between 6.25% p.a. and 19.95% p.a. based on your risk profile
Borrow up to $50,000 with no hidden fees or costs. Application process usually takes 5 minutes to complete and is done fully online.
Plenti Variable Rate Personal Loan

From 6.39% (variable)
6.39%
$2,001
1 to 3 years
$0 to $999
$0
You'll receive a variable rate from 6.39% p.a and 16.89% p.a. based on your risk profile
A flexible loan with amounts from $2,001 and terms starting from 12 months. Benefit from transparent costs and a rate estimate before you apply.
Pepper Money No Fee Personal Loan

From 5.95% (fixed)
5.95%
$5,000
18 months to 7 years
$0
$0
You'll receive a fixed rate between 5.95% p.a. and 17.95% p.a. based on your risk profile
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CUA Unsecured Variable Personal Loan
11.89% (variable)
12.15%
$5,000
1 to 7 years
$175
$0
You'll receive a variable rate of 11.89% p.a.
Borrow from $5,000 with the option for flexible repayments and no monthly fees.
NAB Personal Loan Unsecured Variable Rate

From 6.99% (variable)
7.91%
$5,000
1 to 7 years
$150
$10
You'll receive a variable rate between 6.99% p.a. and 18.99% p.a. (7.91% p.a. to 19.83% p.a. comparison rate) based on your risk profile
An unsecured loan up to $55,000 you can use for a range of purposes. Benefit from fee-free additional repayments and a redraw facility. Note: Majority of customers will get the headline rate of 12.69% p.a. (13.56% p.a. comparison rate) or less. See Comparison rate warning in (i) above.
People's Choice CU Discounted Personal Loan

From 7.99% (fixed)
8.35%
$10,000
1 to 10 years
$250
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You'll receive a fixed rate from 7.99% p.a. for 5 years
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People's Choice CU Unsecured Personal Loan (Low Rate)
8.99% (fixed)
10.73%
$2,000
1 to 7 years
$250
$0
You’ll receive a fixed rate from 8.99% p.a. based on your risk profile
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Compare up to 4 providers

Personal Loan Offers

Important Information*
Logo for Harmoney Unsecured Personal Loan
Harmoney Unsecured Personal Loan

You'll receive a fixed rate between 6.99% p.a. and 24.79% p.a. based on your risk profile.
Apply for a loan up to $50,000 and repay your loan over 3 or 5 years terms.

Logo for ANZ Fixed Rate Personal Loan
ANZ Fixed Rate Personal Loan

You'll receive a fixed rate of 10.5% p.a.
Apply for up to $50,000 to use for a variety of purposes without needing to add security. Available to self-employed applicants.

Logo for NAB Personal Loan Unsecured Fixed
NAB Personal Loan Unsecured Fixed

You'll receive a fixed rate between 6.99% p.a. and 18.99% p.a. ( 7.91% p.a. to 19.83% p.a. comparison rate) based on your risk profile
An unsecured loan up to $55,000 you can use for a range of purposes and pay off over up to 7 years. Note: Majority of customers will get the headline rate of 12.69% p.a. (13.56% p.a. comparison rate) or less. See Comparison rate warning in (i) above.

Logo for SocietyOne Unsecured Personal Loan
SocietyOne Unsecured Personal Loan

You'll receive a fixed rate between 6.99% p.a. and 20.49% p.a. based on your risk profile
A loan from $5,000 to use for a range of purposes. Benefit from no ongoing fees and no early repayment fee.

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