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Adelaide Bank SmartSaver Fixed

The details shown below are for an owner occupier taking out a principal & interest loan between $10,000 and $5,000,000 with an LVR below 95%

The details shown below are for an owner occupier taking out a interest only loan between $10,000 and $5,000,000 with an LVR below 80%

The details shown below are for an investor taking out a principal & interest loan between $10,000 and $5,000,000 with an LVR below 90%

The details shown below are for an investor taking out a interest only loan between $10,000 and $5,000,000 with an LVR below 80%

Choose the version of this loan that suits you best

  • Owner Occupier (Principal & Interest)

    LVR < 95%

    Loan: $10,000 $5,000,000

  • Owner Occupier (Interest Only)

    LVR < 80%

    Loan: $10,000 $5,000,000

  • Investor (Principal & Interest)

    LVR < 90%

    Loan: $10,000 $5,000,000

  • Investor (Interest Only)

    LVR < 80%

    Loan: $10,000 $5,000,000

Fixed 3 year rate
2.44% p.a.
Comparison Rate*
2.70% p.a.
Service fee
$0.00
Upfront fee
$495
Fixed 3 year rate
2.94% p.a.
Comparison Rate*
2.82% p.a.
Service fee
$0.00
Upfront fee
$495
Fixed 3 year rate
2.74% p.a.
Comparison Rate*
3.00% p.a.
Service fee
$0.00
Upfront fee
$495
Fixed 3 year rate
2.94% p.a.
Comparison Rate*
3.05% p.a.
Service fee
$0.00
Upfront fee
$495

Mozo editorial review Adelaide Bank SmartSaver Fixed

Last updated: 1 July 2020.

binocular icon
What's hot
  • 2.44% 3 year fixed rate (2.70% comparison rate*)
  • Multiple 2020 Mozo Experts Choice Awards
  • Free redraw facility
  • Extra repayments (Up to $20,000 per year)
What's not
  • $375 application fee
Mozo snapshot

Looking for a home loan with both competitive fixed interest rates and handy features? The Adelaide Bank SmartSaver Fixed home loan not only offers low rates across its 1, 2, 3, 4 and 5 year terms, it also comes with flexible bonus features so you can pay down your loan how you want to. Not only that, customers can borrow anywhere between $10,000 and $5,000,000 with as little as a 5% deposit. 

Need more convincing? Well the SmartSaver Fixed loan is also a multiple award winner, taking out 2020 Mozo Experts Choice Awards for Best Fixed Home Loan and Best Split Home Loan.

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Key features

When it comes to competitive fixed interest rates and flexible features, Adelaide Bank’s SmartSaver Fixed home loan has both. Whether you are looking to lock in a rate for one year or a few, this loan comes with a bunch of killer fixed rates below 3.00% across it’s 1 to 4 year terms - starting from its lowest 2.29% 3 year fixed rate (2.72% comparison rate*). 

Here’s a breakdown of the low rates on offer: 

  • 1 year fixed rate: 2.29% (2.73% comparison rate*)

  • 2 year fixed rate: 2.29% (2.69% comparison rate*)

  • 3 year fixed rate: 2.44% (2.70% comparison rate*) 

  • 4 year fixed rate: 2.84% (2.81% comparison rate*) 

  • 5 year fixed rate: 2.84% (2.81% comparison rate*) 

And after the fixed term is up, the rate will revert to a solid variable rate of 2.73% for the remainder of the loan. 

With the Adelaide Bank SmartSaver Fixed home loan, customers have the ability to borrow anywhere between $10,000 and $5,000,000 - and can have an LVR as high as 95%. However, for borrowers with a deposit lower than 20% (or LVR higher than 80%), you will be required to pay lenders mortgage insurance (LMI). 

And if you are after flexible options, this loan has them. Not only can you choose to make weekly, fortnightly or monthly repayments, customers can also make extra repayments and have access to a redraw facility if they need to dip into their additional contributions later on. 

Remember, there is a cap on how many extra repayments you can make per year with this loan - up to $20,000.

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Who is it good for

This loan could be suitable for a potential borrower with a small deposit or large deposit looking to lock in a low rate, as you can qualify for this loan even if you have a deposit or equity in the property as little as 5%.

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Any catches

While there are no ongoing fees attached to this home loan, just remember there are a few one-off costs you’ll face - like a $375 application fee, $120 settlement fee and a $325 discharge fee.

Details

Rates and fees information correct as at 12 July 2020. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • n/a

  • n/a

  • n/a

  • n/a

  • 2.29% (2.73%*)

  • 2.29% (2.69%*)

  • 2.44% (2.70%*)

  • 2.84% (2.81%*)

  • 2.84% (2.81%*)

  • n/a

  • n/a

  • 2.73% p.a.

Fees
  • $375.00

  • $0.00

  • $0.00

  • $120.00

  • n/a

  • $0.00

  • $325.00

Other financial bits
  • $10,000

  • $5,000,000

  • none

  • 95.00%

Features
  • Weekly, Fortnightly, Monthly

  • Yes, maximum $20,000 per year

  • no

  • yes - free

  • $1.00

  • yes

  • no

  • none

  • none

  • none

*WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.

Details

Rates and fees information correct as at 12 July 2020. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • n/a

  • n/a

  • n/a

  • n/a

  • 2.79% (2.77%*)

  • 2.79% (2.78%*)

  • 2.94% (2.82%*)

  • 3.34% (2.97%*)

  • 3.34% (3.01%*)

  • n/a

  • n/a

  • 2.73% p.a.

Fees
  • $375.00

  • $0.00

  • $0.00

  • $120.00

  • n/a

  • $0.00

  • $325.00

Other financial bits
  • $10,000

  • $5,000,000

  • none

  • 80.00%

Features
  • Weekly, Fortnightly, Monthly

  • Yes, maximum $20,000 per year

  • no

  • yes - free

  • $1.00

  • yes

  • no

  • none

  • none

  • none

*WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.

Details

Rates and fees information correct as at 12 July 2020. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • n/a

  • n/a

  • n/a

  • n/a

  • 2.59% (3.03%*)

  • 2.59% (2.99%*)

  • 2.74% (3.00%*)

  • 3.14% (3.11%*)

  • 3.14% (3.11%*)

  • n/a

  • n/a

  • 3.03% p.a.

Fees
  • $375.00

  • $0.00

  • $0.00

  • $120.00

  • n/a

  • $0.00

  • $325.00

Other financial bits
  • $10,000

  • $5,000,000

  • none

  • 90.00%

Features
  • Weekly, Fortnightly, Monthly

  • Yes, maximum $20,000 per year

  • no

  • yes - free

  • $1.00

  • yes

  • no

  • none

  • none

  • none

*WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.

Details

Rates and fees information correct as at 12 July 2020. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • n/a

  • n/a

  • n/a

  • n/a

  • 2.79% (3.05%*)

  • 2.79% (3.03%*)

  • 2.94% (3.05%*)

  • 3.34% (3.17%*)

  • 3.34% (3.19%*)

  • n/a

  • n/a

  • 3.03% p.a.

Fees
  • $375.00

  • $0.00

  • $0.00

  • $120.00

  • n/a

  • $0.00

  • $325.00

Other financial bits
  • $10,000

  • $5,000,000

  • none

  • 80.00%

Features
  • Weekly, Fortnightly, Monthly

  • Yes, maximum $20,000 per year

  • no

  • yes - free

  • $1.00

  • yes

  • no

  • none

  • none

  • none

*WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.

Customer Reviews

How are Adelaide Bank home loans rated by the Mozo community?

Overall customer rating
6.6/10
Price
6.3/10
Features
6.0/10
Customer service
6.7/10
Convenience
6.0/10
Trust
6.7/10
Adelaide Bank

About Adelaide Bank

Adelaide Bank originally hails from South Australia, but today serves customers all around Australia. Adelaide Bank recently merged with Bendigo Bank to give the major banks a run for their money. So if you're looking for a banking alternative, check out Adelaide Bank to see if they have a home loan, personal loan, term deposit or bank account that suits your needs.

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