BankSA Unsecured Fixed Rate Personal Loan

Last updated:  

Borrow up to $40,000 with the BankSA Unsecured Fixed Rate Personal Loan.

If you’re looking for a personal loan to finance a few different purchases, to consolidate existing debts or to pay for something you can’t use as a guarantee, then you might want to consider an unsecured loan form BankSA

From 12.99% (fixed)

Interest Rate (p.a.)

14.06%

Comparison Rate (p.a.)

$2,000

Min Loan Amount

Details

Product NameBankSA Unsecured Fixed Rate Personal Loan
Interest Rate (p.a.)From 12.99% (fixed)
Comparison Rate (p.a.)14.06%
Interest Rate TypeFixed
Min Loan Amount$2,000
Max. Loan Amount$40,000
Loan SecurityUnsecured

Main points to consider

This loan comes with a fixed interest rate so you can budget your repayments for the life of the loan, which can extend up to 5 years. You can borrow between $2,000 and $40,000.

Rates start from 12.99%, with a comparison rate of 14.06%. Your individual rate will vary based on your credit history and the details of your application, with a maximum rate of 18.9% p.a.

Features of the BankSA Unsecured Personal Loan

  • Interest rate. This loan comes with a fixed interest rate, keeping your repayments steady for the life of the loan.
  • Loan term. You are able to borrow your loan amount for between 1 to 5 years for a fixed rate loan.
  • Loan amount. Borrow as much as $40,000, with the minimum loan amount set at $2,000.
  • Flexible repayments. You can choose to make weekly, fortnightly or monthly repayments.
  • Account tracking. Keep track of your repayments and the amount you have left to pay through BankSA’s Internet banking facility.
  • Insurance cover. Consumer Credit Insurance is available to protect your loan.
  • Fast application. You can apply online and receive a response within 60 seconds. Applications usually take less than 15 minutes.

Fees and charges

When considering your personal loan options, it’s important to weigh up the benefits of the loan against the cost you will incur. Here are some of the fees and charges you can expect from the BankSA Unsecured Personal Loan:

  • $195 establishment fee.
  • $12 monthly administration fee.
  • Direct debit failure fee. You are charged $9 each time your direct debit repayment fails to process.
  • Early repayment fee. You will be charged $150 if the loan is fully repaid within the first 12 months, or $100 if the loan is repaid after the first 12 months but before the end of the loan term.

You will also pay break costs if you repay the loan early.

How to apply

If you’d like to apply for this personal loan, you can click "Go to Site" to submit your application. The form usually takes about fifteen minutes to fill out and you will receive a response within 60 seconds. To be eligible for a loan you will need to be over the age of 18 and have an Australian residential address. You will also need to provide the following information:

  • Your name, contact information and proof of your identity
  • The name and contact details of your current employer
  • Information on weekly after-tax income for each person applying for the loan
  • Financial details regarding your assets, savings and investments
  • Information about your open credit accounts including the limits of your credit cards and store accounts
  • Details of your other expenses
  • One personal reference including their name, address and contact information
  • Self-employed people will need to provide recent tax information

Personal Loan Offers

Important Information*
Logo for Citi Personal Loan Plus
Citi Personal Loan Plus

You'll receive a variable rate between 9.99% p.a. and 17.99% p.a. (9.99% p.a. to 17.99% p.a. comparison rate) based on your risk profile
A credit limit up to $75,000 that you can continue to draw down over terms up to 5 years. Note: No establishment fee and no monthly account service fees apply if you apply and are approved before 31 March 2020.

Logo for RateSetter Unsecured Personal Loan - 3yr Variable
RateSetter Unsecured Personal Loan - 3yr Variable

You'll receive a variable rate between p.a. and 16.40 p.a. based on your risk profile
A flexible loan with amounts from $2,001 and terms starting from 6 months. Interest and comparison rates calculated for a loan term of 3 years.

Logo for Harmoney Unsecured Personal Loan
Harmoney Unsecured Personal Loan

You'll receive a fixed rate between 6.99% p.a. and 28.69% p.a. based on your risk profile.
Apply for a loan up to $70,000 and repay your loan over 3 or 5 years terms.

Logo for NOW FINANCE Personal Loans
NOW FINANCE Personal Loans

You'll receive a fixed rate between 8.95% p.a. and 16.95% p.a. based on your risk profile
Apply for loans from $5,000 and get a dedicated loan manager. No security required.

Ask an expert

To ask a question simply log in via your email or Facebook or create an account.

You are about to post a question on finder.com.au:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use, Disclaimer & Privacy Policy and Privacy & Cookies Policy.
Ask a question
Go to site