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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.

Compare BankSA home loans for July 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
BankSA logo
Principal & Interest20% min. depositOwner-occupier
BankSA logo
Principal & Interest20% min. depositOwner-occupier
Product NameBankSA Basic Variable Rate Home Loan
Interest Rate TypeVariable rate
Repayment Type Principal & Interest
Interest Rate p.a.6.39%
Comp. Rate p.a.6.40%
Minimum Loan Amount$150,000
Maximum Loan Amount N/A
Maximum Loan Term30 years
Maximum LVR 80%
Loan Redraw FacilityYes
Offset AccountNo
Split Loan FacilityYes
Fixed Interest OptionNo
Loan PortableYes
Extra Repayments Yes
Interest Rate
6.39%
Comparison Rate
6.40%
Fees
Application: $0
Ongoing: $0 p.a.
Monthly Payment
$939
BankSA logo
Principal & Interest 2Y Fixed20% min. depositOwner-occupier
BankSA logo
Principal & Interest 2Y Fixed20% min. depositOwner-occupier
Product NameBankSA Fixed Rate Home Loan with Advantage Package
Interest Rate Typefixed rate
Repayment Type Principal & Interest
Interest Rate p.a.6.59%
Comp. Rate p.a.7.64%
Minimum Loan Amount$150,000
Maximum Loan Amount N/A
Maximum Loan Term30 years
Maximum LVR 80%
Loan Redraw FacilityYes
Offset AccountNo
Split Loan FacilityYes
Fixed Interest OptionYes
Loan PortableYes
Extra Repayments Yes - max $30,000 over fixed rate term
Interest Rate
6.59%
Comparison Rate
7.64%
Fees
Application: $0
Ongoing: $395 p.a.
Monthly Payment
$958
BankSA logo
Principal & Interest 2Y Fixed20% min. depositInvestment
BankSA logo
Principal & Interest 2Y Fixed20% min. depositInvestment
Product NameBankSA Fixed Rate Home Loan with Advantage Package
Interest Rate Typefixed rate
Repayment Type Principal & Interest
Interest Rate p.a.6.59%
Comp. Rate p.a.8.08%
Minimum Loan Amount$150,000
Maximum Loan Amount N/A
Maximum Loan Term30 years
Maximum LVR 80%
Loan Redraw FacilityYes
Offset AccountNo
Split Loan FacilityYes
Fixed Interest OptionYes
Loan PortableYes
Extra Repayments Yes - max $30,000 over fixed rate term
Interest Rate
6.59%
Comparison Rate
8.08%
Fees
Application: $0
Ongoing: $395 p.a.
Monthly Payment
$958
BankSA logo
Principal & Interest 4Y Fixed20% min. depositOwner-occupier
BankSA logo
Principal & Interest 4Y Fixed20% min. depositOwner-occupier
Product NameBankSA Fixed Rate Home Loan with Advantage Package
Interest Rate TypeFixed rate
Repayment Type Principal & Interest
Interest Rate p.a.6.69%
Comp. Rate p.a.7.52%
Minimum Loan Amount$150,000
Maximum Loan Amount N/A
Maximum Loan Term30 years
Maximum LVR 80%
Loan Redraw FacilityYes
Offset AccountNo
Split Loan FacilityYes
Fixed Interest OptionYes
Loan PortableYes
Extra Repayments Yes
Interest Rate
6.69%
Comparison Rate
7.52%
Fees
Application: $0
Ongoing: $395 p.a.
Monthly Payment
$968
BankSA logo
Principal & Interest 3Y Fixed20% min. depositInvestment
BankSA logo
Principal & Interest 3Y Fixed20% min. depositInvestment
Product NameBankSA Fixed Rate Home Loan with Advantage Package
Interest Rate Typefixed rate
Repayment Type Principal & Interest
Interest Rate p.a.6.79%
Comp. Rate p.a.8.01%
Minimum Loan Amount$150,000
Maximum Loan Amount N/A
Maximum Loan Term30 years
Maximum LVR 80%
Loan Redraw FacilityYes
Offset AccountNo
Split Loan FacilityYes
Fixed Interest OptionYes
Loan PortableYes
Extra Repayments Yes
Interest Rate
6.79%
Comparison Rate
8.01%
Fees
Application: $0
Ongoing: $395 p.a.
Monthly Payment
$978
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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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Editor

Richard Whitten is a money editor at Finder, and has been covering home loans, property and personal finance for 6+ years. He has written for Yahoo Finance, Money Magazine and Homely; and has appeared on various radio shows nationwide. He holds a Certificate IV in mortgage broking and finance (RG 206), a Tier 1 Generic Knowledge certification and a Tier 2 General Advice Deposit Products (RG 146) certification. See full bio

Richard's expertise
Richard has written 526 Finder guides across topics including:
  • Home loans
  • Property
  • Personal finance
  • Money-saving tips

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