BankSA home loans

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Your guide to home loans from BankSA.

The largest financial institution in South Australia, BankSA opened its first branch in 1848. Now a part of the Westpac Group, the bank offers an extensive range of financial products and services.

Cashback offers 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 8 October 2018 and settled by 31 December 2018. New owner occupier and investment borrowers can receive a $1,500 cashback and must apply between 7 November and 31 December 2018, with settlement by 28 February 2019.

Cashback offers exclude Portfolio loans and customers refinancing from within the Westpac banking group.

Compare BankSA home loans

Rates last updated December 12th, 2018
$
Loan purpose
Offset account
Loan type
Repayment type
Your filter criteria do not match any product
Name Product Interest Rate (p.a.) Comp Rate^ (p.a.) Application Fee Ongoing Fees Max LVR Monthly Payment Short Description
5.94%
6.10%
$600
$10 monthly ($120 p.a.)
95%
A flexible standard variable rate home loan with redraw and family guarantee options.
3.69%
3.70%
$500
$0 p.a.
95%
A variable rate home loan with low promotional rate.
4.54%
5.18%
$600
$10 monthly ($120 p.a.)
95%
A 5 years fixed rate loan with redraw facility and the ability to borrow up to 95% LVR.
4.54%
5.23%
$600
$10 monthly ($120 p.a.)
95%
A fixed home loan with high LVR and pay low ongoing service fee.
4.00%
5.15%
$600
$10 monthly ($120 p.a.)
95%
3 years fixed with the minimum loan amount of $10000.
4.00%
5.26%
$600
$10 monthly ($120 p.a.)
95%
Enjoy a 2 years fixed rate with low interest rate and low ongoing service fee.
4.24%
5.41%
$600
$10 monthly ($120 p.a.)
95%
Borrow up to 95% LVR with redraw facility and split loan option.
4.77%
4.82%
$500
$0 p.a.
95%
A basic variable rate, no frills home loan with a low variable interest rate.
4.09%
5.17%
$0
$395 p.a.
95%
A 1 year fixed rate home loan with flexible repayment options.
3.85%
5.06%
$0
$395 p.a.
95%
A 2 year fixed rate with great savings across fees and other products.
3.85%
4.97%
$0
$395 p.a.
95%
A 3 years fixed rate that allows borrowers to borrow from $30000 up to $10000000.
4.39%
5.08%
$0
$395 p.a.
95%
Ideal for borrowers who wants security with their repayments.
4.39%
5.05%
$0
$395 p.a.
95%
Have peace of mind and comfort in budgeting knowing that repayments stay the same over the fixed period.
5.98%
$0
$395 p.a.
Borrow from $150000 up to $249999.
5.78%
$0
$395 p.a.
Borrow from $250000 up to $499999.
5.73%
$0
$395 p.a.
Borrow from $500000 up to $749999.
6.33%
$0
$395 p.a.
90%
This variable home loan allows borrowers to borrow up to $149999 and can be payable up to 40 years.
6.08%
$0
$395 p.a.
90%
This variable home loan offers a limited time discount on home loan interest rate that can enjoy.
5.88%
$0
$395 p.a.
90%
This variable home loan allows borrowers to borrow up to $499999 and can be payable up to 40 years.
5.88%
$0
$395 p.a.
90%
This variable home loan allows borrowers to borrow up to $749999 and can be payable up to 40 years.
5.88%
$0
$395 p.a.
90%
This variable home loan allows borrowers to borrow up to $999999 and can be payable up to 40 years.
5.88%
$0
$395 p.a.
90%
This variable home loan allows borrowers to borrow a minimum loan amount of $1000000.
4.54%
$700
$200 p.a.
90%
Experience the ease of budgeting with BankSA Portfolio Home Loan - 1 Year Fixed.
4.44%
$700
$200 p.a.
90%
Lock in a rate for 2 years and protect yourself from the rising interest rates.
4.69%
$700
$200 p.a.
90%
Repayments and rate lock are available with BankSA Portfolio Home Loan - 3 Year Fixed.
5.34%
$700
$200 p.a.
90%
Features include redraw facility, rate lock, a partial interest offset facility, repayment pause and more!
5.04%
$700
$200 p.a.
90%
Plan your budget and have peace of mind knowing your repayments.
5.94%
6.10%
$600
$10 monthly ($120 p.a.)
95%
A relocation home loan that will allow borrowers to move in to new property while awaiting for the existing property to be sold.
5.94%
6.16%
$1,350
$10 monthly ($120 p.a.)
95%
No repayments are needed and interest is capitalised until the end of the Relocation Loan period.

Compare up to 4 providers

Rates last updated December 12th, 2018
$
Loan purpose
Offset account
Loan type
Repayment type
Your filter criteria do not match any product
Name Product Interest Rate (p.a.) Comp Rate^ (p.a.) Application Fee Ongoing Fees Max LVR Monthly Payment Short Description
4.34%
5.65%
$600
$10 monthly ($120 p.a.)
95%
4.14%
5.74%
$600
$10 monthly ($120 p.a.)
95%
5.02%
5.41%
$0
$395 p.a.
90%
5.22%
5.60%
$0
$395 p.a.
90%
Enjoy a great interest rate with $0 establishment fee when you borrow over $1 million for your investment purchases.
5.22%
5.60%
$0
$395 p.a.
90%
When you borrow from $750000 up to $999999 access discounts as well as package benefits.
5.22%
5.60%
$0
$395 p.a.
90%
Get a discounted package rate when you borrow from $500000 up to $749999.
5.22%
5.60%
$0
$395 p.a.
90%
Borrow between $250000 to $499999 and package your next investment purchase.
5.42%
5.80%
$0
$395 p.a.
90%
Package your investment loan and borrow from $150000 up to $249999.
5.67%
6.04%
$0
$395 p.a.
90%
Borrow from $100000 up to $149999 for your investment purchase.
4.74%
5.58%
$600
$10 monthly ($120 p.a.)
95%
5.86%
6.23%
$0
$395 p.a.
90%
5.66%
6.04%
$0
$395 p.a.
90%
5.56%
5.94%
$0
$395 p.a.
90%
5.61%
5.99%
$0
$395 p.a.
90%
6.21%
6.58%
$0
$395 p.a.
90%
5.96%
6.33%
$0
$395 p.a.
90%
5.76%
6.13%
$0
$395 p.a.
90%
6.58%
$700
$200 p.a.
80%
5.76%
6.13%
$0
$395 p.a.
90%
5.04%
5.77%
$600
$10 monthly ($120 p.a.)
95%
5.76%
6.13%
$0
$395 p.a.
90%
5.76%
6.13%
$0
$395 p.a.
90%
4.49%
5.71%
$0
$395 p.a.
90%
3.99%
5.53%
$0
$395 p.a.
90%
4.19%
5.47%
$0
$395 p.a.
90%
4.89%
5.61%
$0
$395 p.a.
90%
4.59%
5.45%
$0
$395 p.a.
90%
6.46%
6.62%
$600
$10 monthly ($120 p.a.)
95%
A flexible standard variable rate home loan for investors, with redraw and family guarantee options.
5.88%
5.93%
$500
$0 p.a.
95%
5.08%
5.09%
$500
$0 p.a.
95%
4.64%
5.95%
$600
$10 monthly ($120 p.a.)
95%

Compare up to 4 providers

BankSA Low Doc Information

BankSA no longer offers low doc home loans for new customers. They are still available for existing low doc customers wishing to switch loans.

Who is BankSA?

BankSA is South Australia’s biggest provider of housing, personal finance and rural banking services. As well as financial solutions for businesses and the corporate world, its range of personal banking products includes everything from accounts and credit cards to insurance and personal loans. In terms of home loans, BankSA offers several products designed for a range of borrowers. Whether you’re a first-time buyer, an investor, renovating or looking to refinance an existing mortgage, BankSA has a home loan designed with you in mind.


Home loans offered by BankSA

Standard Variable Rate loan

This flexible loan boasts a competitive variable interest rate that isn’t locked in for a set term. It’s designed for those buying a home, building or buying vacant land. Loan features include flexible repayment options and a full interest offset facility to help you save interest on your home loan. Redraw and repayment pause are also available to borrowers. The Standard Variable Rate Home Loan

Fixed Rate home loan

The Fixed Rate home loan guards you from any fluctuations in interest rates. Fixing your interest rate for a set period lets you know exactly where you stand with your budget and how much you'll spend on repayments. Payments can be principal and interest or interest-only, and a redraw facility is also available. Other features include repayment pause and discounted interest rates. The Fixed Rate Home Loan

Portfolio loan

The Portfolio loan is a flexible line of credit that combines your personal and investment finances into one home loan. You can designate as many as 10 sub-accounts in your loan and access the equity in your home while you pay off your loan. You can make deposits directly from your salary, while at the same time using your loan to make other investments and build your assets. Interest applies only to the outstanding balance, and you can choose to make repayments as often as you like (but at least monthly). The Portfolio Loan

Basic home loan

Boasting a low variable interest rate, this is a simple home loan for borrowers who like to keep things simple. It features flexible repayment schemes and no monthly fees, and is available to owners and investors buying property or vacant land purchase. The Basic Home Loan

Low Doc home loan

This loan can help self-employed borrowers and those who aren’t able to supply the required proof of income to apply for a regular home loan. This loan lets you choose from a fixed or variable rate or a combination of the two, while its features include an offset account, a redraw facility and a rate lock option. The Low Doc Home Loan

Advantage Package

The Advantage Package lets you group your home loan, credit card and transaction account together in one package deal. Not only does this let you combine your three most important accounts in one spot, but it also lets you save on fees. Package features include interest rate discounts, flexible repayment options, and no establishment, monthly or annual fees. It’s perfect for first-home buyers, investors and refinancing. The Advantage Package Home Loan

Other products

Other BankSA loans include the Low Doc Portfolio, which is designed for self-employed borrowers seeking a line of credit, and the Relocation Loan which lets you buy a new home before you have sold your existing residence. About how to compare home loans


Pros and cons of BankSA home loans

Pros

  • Large range of loans. Unlike speciality lenders or online lenders, Bank SA has a large range of loans which include loans for those who are self-employed.
  • Large number of branches. If you enjoy doing your banking at a physical branch BankSA have many branches, and because of their partnership with St.George and Westpac this means all kinds of Australians can access their products.

Cons

  • Standard interest rates. Because BankSA has a network of physical branches it can’t offer the super low interest rates online only lenders are offering, but still has competitive rates.

How to apply for a BankSA home loan

Applying for a BankSA home loan is a relatively straightforward process. You need to be 18 years or older to be eligible for a BankSA home loan.

Documents needed to apply for a BankSA home loan

Applying for a loan with BankSA will come with the regular document requirements. This means you'll have to supply your contact details, including your phone number and current address. You'll also have to give BankSA details about your employer and current employment. BankSA will want to know what your current assets and income is, and you'll need to provide information about the property you're purchasing.

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UBank UHomeLoan Variable Rate - Discount offer for Owner Occupiers, P&I Borrowing over $200,000

Take advantage of a low-fee mortgage with a special interest rate of just 3.59% p.a. and a 3.59% p.a. comparison rate.

HSBC Home Value Loan - (Owner Occupier P&I)

Get a low interest rate loan with no ongoing fees. Plus you can make extra repayments and free redraw online. Available with just a 10% deposit.

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A competitive interest rate home loan with interest only options. Interest rate 3.64% p.a.
comp rate of 3.66% p.a.

Tic:Toc Live in Loan Variable Rate - Principal & Interest

Get a very low interest rate and avoid big fees. Apply online for full approval in under 30 minutes and add a 100% offset account for $10 a month.

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