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BankSA home loans

BankSA has home loans for owner-occupiers and investors, with rates starting from 6.39%.

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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.

  • Refinance cashback offer


    Eligible refinancers switching to BankSA can get a $2,000 cashback. To qualify, you need to refinance a loan amount of at least $200,000 with an LVR up to 80%.

    This offer is available for new owner-occupier loans with principal-and-interest repayments, or investment loans (principal-and-interest or interest-only).

    This offer is available on the Basic Home Loan and Advantage Package (annual package fee applies). You must apply by 30 June 2024 and settle by 31 October 2024. There is a limit of one cashback offer per primary applicant.

    The offer excludes anyone refinancing from within the Westpac group (Westpac, St.George, Bank of Melbourne, Bank SA and RAMS). Other conditions apply.

Compare BankSA home loans for May 2024

Hit the "Load More" button to compare a bigger selection of products. You can also find more information on each individual product by clicking "More Info".

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Name Interest Rate p.a. Comparison Rate p.a. Fees Monthly Payment
Principal & Interest20% min. depositOwner-occupier
Interest Rate
6.39%
Comparison Rate
6.40%
Fees
Application: $0
Ongoing: $0 p.a.
Monthly Payment
$939
$2,000 refinance cashback
Refinancers borrowing $200,000 or more can get a $2,000 cashback (Other terms, conditions and exclusions apply).
Principal & Interest 2Y Fixed20% min. depositOwner-occupier
Interest Rate
6.59%
Comparison Rate
7.64%
Fees
Application: $0
Ongoing: $395 p.a.
Monthly Payment
$958
$2,000 refinance cashback
Refinancers borrowing $200,000 or more can get a $2,000 cashback (Other terms, conditions and exclusions apply).
Principal & Interest 2Y Fixed20% min. depositInvestment
Interest Rate
6.59%
Comparison Rate
8.08%
Fees
Application: $0
Ongoing: $395 p.a.
Monthly Payment
$958
$2,000 refinance cashback
Refinancers borrowing $200,000 or more can get a $2,000 cashback (Other terms, conditions and exclusions apply).
Principal & Interest 4Y Fixed20% min. depositOwner-occupier
Interest Rate
6.69%
Comparison Rate
7.52%
Fees
Application: $0
Ongoing: $395 p.a.
Monthly Payment
$968
$2,000 refinance cashback
Refinancers borrowing $200,000 or more can get a $2,000 cashback (Other terms, conditions and exclusions apply).
Principal & Interest 3Y Fixed20% min. depositInvestment
Interest Rate
6.79%
Comparison Rate
8.01%
Fees
Application: $0
Ongoing: $395 p.a.
Monthly Payment
$978
$2,000 refinance cashback
Refinancers borrowing $200,000 or more can get a $2,000 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.

More home loan questions

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