BankSA

BankSA home loans

BankSA has home loans for owner-occupiers and investors, with rates starting from 1.89%.

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BankSA is an online Australian lender owned by Westpac. BankSA has home loans for investors and owner-occupiers, including fixed and variable rates. Check out the full table of BankSA products below or read more about the lender and its loans.

Compare BankSA home loans for September 2021

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$
years
Name Product Interest Rate (p.a.) Comp. Rate (p.a.) Fees Monthly Payment

BankSA Basic Home Loan P&IHome

BankSA Basic Home Loan
2.29%
2.31%
  • App: $0
  • Ongoing: $0 p.a.
$578
$3,000 refinance cashback
A competitive variable rate loan from BankSA. Refinancers borrowing $200,000 or more can get $3,000 cashback (Apply by 30 September 2021. Terms and conditions apply).

BankSA Advantage Package Fixed Home Loan P&IInvestment 2Y Fixed

BankSA Advantage Package Fixed Home Loan
2.29%
3.95%
  • App: $0
  • Ongoing: $395 p.a.
$578
$3,000 refinance cashback.
Investing in property? Fix for two years and forget about rate rises. Available with a 20% deposit. Refinancers borrowing $200,000 or more can get a $3,000 cashback (Apply by 30 September 2021. Terms and conditions apply).

BankSA Advantage Package Fixed Home Loan P&IHome 2Y Fixed

BankSA Advantage Package Fixed Home Loan
1.89%
3.43%
  • App: $0
  • Ongoing: $395 p.a.
$548
$3,000 refinance cashback.
Fix to a low rate for two years and forget about rate rises. Refinancers borrowing $200,000 or more can get a $3,000 cashback (Apply by 30 September 2021. Terms and conditions apply).

BankSA Advantage Package Fixed Home Loan P&IHome 4Y Fixed

BankSA Advantage Package Fixed Home Loan
2.59%
3.45%
  • App: $0
  • Ongoing: $395 p.a.
$601
$3,000 refinance cashback
A competitive fixed rate loan. Refinancers borrowing $200,000 or more can get a $3,000 cashback (Other terms, conditions and exclusions apply).
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BankSA key facts

  • BankSA's most competitive rates are its fixed rate package home loans, so if you want to bundle your loan with an offset account and a credit card, it's a good option to consider.
  • BankSA has online and phone support but also has a network of branches in South Australia, where the bank is based.
  • You need at least a 5% deposit to get some BankSA home loans, but many loans require a 10% or 20% deposit.

Review by our senior home loans writer Richard Whitten.

BankSA home loan features

Here are the key features and details you need to know about BankSA's mortgage products.

FeatureDetails
Minimum depositMany BankSA loans are available with deposits as low as 5%, but some rates will require 20% deposits.
Offset accountIf you want a BankSA loan with an offset account, avoid the Basic Home Loan and consider a BankSA Advantage Package Home Loan.
Repayment optionsBankSA home loans have options for both interest-only repayments and principal-and-interest repayments.
Package loan benefitsBankSA's package loans let you combine a loan with a transaction account and a credit card.

Lenders like BankSA

If you want to compare loans from similar lenders to BankSA then you can start with these online lenders. They all have competitive rates and may be a better match for your needs:

  • St.George. In New South Wales and Queensland, you'll find St.George rather than Bank of Melbourne. Both lenders have very similar loan offers.
  • Bank of Melbourne. In Victoria and Tasmania, you'll find Bank of Melbourne rather than BankSA. Both lenders have very similar loan offers.
  • Westpac. Westpac owns Bank of Melbourne and offers similar package home loans.

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