Compare rates and fees for BankSA personal loans | finder.com.au

BankSA personal loans

Find out more about the range of BankSA personal loans.

BankSA

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If you're after a flexible personal loan, the offerings from BankSA are worth considering. You can use a loan from this lender for various purposes, ranging from buying a car to consolidating your debt. Each loan comes with different features and benefits, with you having the option of choosing between fixed or variable interest rates and a secure or unsecured option.

Compare BankSA's personal loan offerings

Data updated regularly
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Name Product Interest Rate (p.a.) Comparison Rate (p.a.) Min Loan Amount Loan Term Application Fee Monthly Service Fee Monthly Repayment
BankSA Unsecured Variable Rate Personal Loan
From 12.99% (variable)
14.06%
$2,000
1 to 7 years
$195
$12
You'll receive a variable rate between 12.99% p.a. and 18.9% p.a. based on your risk profile
An unsecured loan up to $50,000 with flexible features such as a redraw facility and early repayment.
BankSA Fixed Rate Car Loan
From 7.49% (fixed)
8.6%
$3,000
1 to 5 years
$195
$12
You can choose a fixed or variable interest rate
A secured loan with a low minimum borrowing amount of $3,000 that lets you also purchase items other than the vehicle.
BankSA Unsecured Fixed Rate Personal Loan
From 11.49% (fixed)
12.57%
$2,000
1 to 5 years
$195
$12
You'll receive a fixed rate between 11.49% and 17.4% based on your risk profile
A low minimum borrowing amount of $2,000 on a loan you can use for a range of purposes.
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Compare up to 4 providers

  • Secured Personal Loan. Using your car as security, you can get a loan with a lower interest rate for a term of 1 to 7 years. This can come at a fixed or variable rate with flexible repayments to help you pay off your loan according to your own budget.
  • Unsecured Personal Loan. The Unsecured Personal Loan also comes with the option of fixed or variable interest rates. A redraw facility is available for variable rate loans and extra repayments are accepted.
  • Get Set Personal Loan. This is a combined Visa Debit card and cheque account to help you easily access the money repaid on your loan. It comes with no specified repayment period or expiry date and is only charged on the original loan amount.
  • Unsecured Personal Overdraft. Get access to funds easily and quickly paying interest only on the overdraft limit. The overdraft will be linked directly to your BankSA Complete Freedom or Express Freedom transaction account and will be able to be accessed 24 hours a day.

Features and benefits of a BankSA personal loan

BankSA offers a number of competitive benefits with its personal finance products.

  • Fixed or variable rates. Many of its loans give you the choice of fixed between a fixed or variable interest rate. This lets you decide between flexibility or having your repayments remain the same during your loan term.
  • Loan terms. Terms are available up to 7 years, making it suitable for a range of needs and situations.
  • Various loan amounts available. You can apply for a loan up to $80,000 secured or $50,000 unsecured, helping you to finance whatever you need.
  • Flexible repayment options. If you opt for the variable rate loan, you can make extra repayments whenever you like, and you can take advantage of the redraw facility should you need to. All loans come with the option of weekly, fortnightly or monthly repayments to suit your pay cycle.

What other products are available from BankSA?

BankSA offers a wide range of financial products and services that can be used for personal, business and corporate purposes.

  • Bank accounts. Apply for savings accounts, everyday accounts or term deposits with BankSA for your everyday banking needs.
  • Home loans. A Standard Variable Rate and Fixed Rate Home Loan are available at competitive rates from BankSA.
  • Insurance products. You can opt for Home and Contents Insurance, Car Insurance and even Travel Insurance from the bank.
  • Credit cards. Low rate, rewards and no annual fee credit cards are available for application.
  • Investments and super. Share trading with its directshares product plus superannuation and term deposits products are available.

Ready to apply?

If you've found a personal loan to apply for from BankSA's suite of products, click "Go to Site" to submit your application. To apply for a personal or car loan from BankSA you'll need to have an Australian residential address and also be 18 or over.

Make sure you have the following details on hand:

  • Your current employer's name and contact details
  • If you're self-employed, your tax information
  • Weekly after-tax income details
  • Assets, savings and investments
  • Any amounts you owe on your credit cards and store accounts
  • Your expenses
  • One personal reference including their name, address and contact number

The application won't take longer than 15 minutes, but make sure you've compared your options before submitting your application so you know BankSA is the right lender for you.

More guides on Finder

Personal Loan Offers

Important Information*
Logo for Harmoney Unsecured Personal Loan
Harmoney Unsecured Personal Loan

You'll receive a fixed rate between 6.99% p.a. and 24.79% p.a. based on your risk profile.
Apply for a loan up to $50,000 and repay your loan over 3 or 5 years terms.

Logo for ANZ Fixed Rate Personal Loan
ANZ Fixed Rate Personal Loan

You'll receive a fixed rate of 10.5% p.a.
Apply for up to $50,000 to use for a variety of purposes without needing to add security. Available to self-employed applicants.

Logo for NAB Personal Loan Unsecured Fixed
NAB Personal Loan Unsecured Fixed

You'll receive a fixed rate between 6.99% p.a. and 18.99% p.a. ( 7.91% p.a. to 19.83% p.a. comparison rate) based on your risk profile
An unsecured loan up to $55,000 you can use for a range of purposes and pay off over up to 7 years. Note: Majority of customers will get the headline rate of 12.69% p.a. (13.56% p.a. comparison rate) or less. See Comparison rate warning in (i) above.

Logo for SocietyOne Unsecured Personal Loan
SocietyOne Unsecured Personal Loan

You'll receive a fixed rate between 6.99% p.a. and 20.49% p.a. based on your risk profile
A loan from $5,000 to use for a range of purposes. Benefit from no ongoing fees and no early repayment fee.

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8 Responses

    Default Gravatar
    ANDREAFebruary 21, 2018

    Hi there,
    I am having some serious trouble getting a credit card or personal loan because although my current role has given me what they call a ‘permanent roster (fulltime hours)’, I am still considered a casual employee and have only been with them three months. Otherwise I have two other casual jobs that I supplement my income with, but this seems to make no difference. I need money for a bond for a rental, please help!

      Avatarfinder Customer Care
      JonathanFebruary 21, 2018Staff

      Hi Andrea, thanks for your comment.

      Have you tried applying for a credit card/ personal loan already?

      The application requirements for credit cards and personal loans don’t specify between being a casual employee or full time employee. Rather the application requirements are based on income, expenses and existing debts.

      Hope this helps.

      Best,

      Jonathan

    Default Gravatar
    JohnJuly 11, 2017

    I am currently on a subclass 820 visa (temporary partner visa until Permanent Residence is approved). I am starting a new job that includes car allowance but finding it difficult to find a bank that will give me a car loan due to my visa not having an end date (the reason for this is that it is valid until my permanent residency is approved, which can take around 2 years). Would this bank or any other that you know of give me a loan on this visa. I am employed full-time and have been for the past 6 years so my credit history and salary isn’t an issue.

    Thanks,

    John

      Default Gravatar
      JonathanJuly 13, 2017

      Hi John!

      We know getting a personal loan under a non-resident status can be difficult. :(

      We have created a guide to help non-residents apply for a loan.

      Moreover, we have also a list of car loans specifically designed for non-residents. So, please be sure to check this page as well. Please explore that page and find the right lender for you. Be sure to read through the terms, conditions, and features of the loan before you make your final decision.

      Hope this helps.

      Cheers,
      Jonathan

    Default Gravatar
    DonnaMay 7, 2017

    I am a casual employee and make $5000 a month before tax I also receive single parenting payment how long do I need to be in employment before applying for a loan ? I am starting a second job soon too thanks

      Avatarfinder Customer Care
      DeeMay 8, 2017Staff

      Hi Donna,

      Thanks for your question.

      I can’t find any information as to the required number of months you have been a casual employee before you can apply for BankSA Personal Loans. But you need to be over the age of 18 and a permanent Australian resident to apply for a loan with the same lender.

      You may check our website for other loan options for casual employees.

      Cheers,
      Anndy

    Default Gravatar
    MareeFebruary 16, 2017

    I am on a single DSP do you think I would be eligible for a loan.. after rent.. bills taken out by centrelink I pay for power.. food.. I have $550 fortnight left… I am in need of a car… I have found one that is $10,000… 6years old

      Avatarfinder Customer Care
      DeeFebruary 17, 2017Staff

      Hi Maree,

      Thanks for your question.

      BankSA accepts all Centrelink payments as a form of income, for the purpose of a loan application, except Newstart. You may want to get in touch with BankSA directly and confirm your eligibility before applying.

      Aside from BankSA, you may also want to check loans for Centrelink recipients featured on our website. Open that link and you should find a comparison table. Once you’re done comparing, please select the “Go to site” button to be safely redirected to your chosen lender.

      Please make sure that you have read the relevant T&Cs or PDS of the loan products before making a decision. Moreover, check the eligibility requirements as well and consider whether the product is right for you.

      Also if you can, contact first the lender and discuss your options and chances of approval before you send anything final for your application.

      I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.

      Have a wonderful day!

      Cheers,
      Joshua

      Cheers,
      Anndy

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