BankSA Basic Home Loan
This product is available in different versions. Pick the right version for you here.
The details shown below are for an owner occupier taking out a principal & interest loan between $150,000 and $2,000,000 with an LVR below 95%
The details shown below are for an investor taking out a principal & interest loan between $150,000 and $2,000,000 with an LVR below 90%
The details shown below are for an investor taking out a interest only loan between $30,000 and $2,000,000 with an LVR below 80%
The details shown below are for an owner occupier taking out a principal & interest loan between $30,000 and $2,000,000 with an LVR below 95%
The details shown below are for an owner occupier taking out a interest only loan between $30,000 and $2,000,000 with an LVR below 80%
The details shown below are for an investor taking out a principal & interest loan between $30,000 and $2,000,000 with an LVR below 90%
The details shown below are for an investor taking out a interest only loan between $30,000 and $2,000,000 with an LVR below 80%
Choose the version of this loan that suits you best
| Availability | Loan type | LVR | Min loan amount | Max loan amount | |
|---|---|---|---|---|---|
| | Owner Occupier | Principal & Interest | < 95% | $150,000 | $2,000,000 |
| | Investor | Principal & Interest | < 90% | $150,000 | $2,000,000 |
| | Investor | Interest Only | < 80% | $30,000 | $2,000,000 |
| | Owner Occupier | Principal & Interest | < 95% | $30,000 | $2,000,000 |
| | Owner Occupier | Interest Only | < 80% | $30,000 | $2,000,000 |
| | Investor | Principal & Interest | < 90% | $30,000 | $2,000,000 |
| | Investor | Interest Only | < 80% | $30,000 | $2,000,000 |
-
Owner Occupier (Principal & Interest)
LVR < 95%
Loan: $150,000 $2,000,000
-
Investor (Principal & Interest)
LVR < 90%
Loan: $150,000 $2,000,000
-
Investor (Interest Only)
LVR < 80%
Loan: $30,000 $2,000,000
-
Owner Occupier (Principal & Interest)
LVR < 95%
Loan: $30,000 $2,000,000
-
Owner Occupier (Interest Only)
LVR < 80%
Loan: $30,000 $2,000,000
-
Investor (Principal & Interest)
LVR < 90%
Loan: $30,000 $2,000,000
-
Investor (Interest Only)
LVR < 80%
Loan: $30,000 $2,000,000
2.99% p.a.
3.01% p.a.
$0.00
BankSA Basic Home Loan
2.99% p.a.
3.01% p.a.
$0.00
BankSA Basic Home Loan
2.99% p.a.
3.01% p.a.
$0.00
3.59% p.a.
3.61% p.a.
$0.00
BankSA Basic Home Loan
3.59% p.a.
3.61% p.a.
$0.00
BankSA Basic Home Loan
3.59% p.a.
3.61% p.a.
$0.00
3.84% p.a.
3.89% p.a.
$0.00
BankSA Basic Home Loan
3.84% p.a.
3.89% p.a.
$0.00
BankSA Basic Home Loan
3.84% p.a.
3.89% p.a.
$0.00
4.22% p.a.
4.27% p.a.
$0.00
BankSA Basic Home Loan
4.22% p.a.
4.27% p.a.
$0.00
BankSA Basic Home Loan
4.22% p.a.
4.27% p.a.
$0.00
4.81% p.a.
4.86% p.a.
$0.00
BankSA Basic Home Loan
4.81% p.a.
4.86% p.a.
$0.00
BankSA Basic Home Loan
4.81% p.a.
4.86% p.a.
$0.00
4.79% p.a.
4.84% p.a.
$0.00
BankSA Basic Home Loan
4.79% p.a.
4.84% p.a.
$0.00
BankSA Basic Home Loan
4.79% p.a.
4.84% p.a.
$0.00
5.08% p.a.
5.13% p.a.
$0.00
BankSA Basic Home Loan
5.08% p.a.
5.13% p.a.
$0.00
BankSA Basic Home Loan
5.08% p.a.
5.13% p.a.
$0.00
Mozo Review BankSA Basic Home Loan Review
Last updated: 16 October 2019.
What's hot:
Low rates starting from 3.09% (3.11% comparison rate)*
$0 ongoing service fees
Free extra repayments and a redraw facility
What's not:
No offset account
Mozo snapshot:
If you are looking for a basic home loan without any bells and whistles the BankSA Basic Home Loan is a worthy contender. Not only will you be free of the bite of monthly service fees and upfront fees (apart from a $100 settlement fee), BankSA also offers a low rate of just 3.09% (3.11% comparison rate)* for an owner occupier and 3.59% (3.61% comparison rate)* for an investor.
Key features:
The BankSA Basic Home Loan has a 3.09% variable interest rate (3.11% comparison rate)* for owner occupier loans. You can enjoy a fee free home loan as there are no loan establishment fee (loans over $150,000) and no monthly service fees. You can borrow up to 95% loan to value ratio but for all loans over 80% LVR you'll need to pay Lenders Mortgage Insurance.
The loan comes with flexibility to time your repayments to suit you with weekly, fortnightly or monthly repayment options. You can make extra repayments and there is a free redraw facility which could come in handy down the track if you want to upgrade the bathroom or kitchen.
Should you need a break from work for legitimate reasons like maternity leave, there is a repayment pause feature where you can reduce or pause your repayments between 3 - 6 months.
Make your life easy and set up automatic repayments from your nominated bank account.
Who it's good for:
Anyone who's looking for a basic home loan, whether you're a first time investor or buying your first home.
Any catches?
This home loan has just the basics and doesn't come with an offset account which can help you to save on interest. But as there isn't a minimum redraw limit you can make extra repayments to reduce your interest and redraw them when (if) you need later down the track.
Details
Rates and fees information correct as at 12 November 2019. 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
-
2.99% p.a.
-
n/a
-
n/a
-
n/a
-
3.01% p.a.
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
Fees
-
$0.00
-
$0.00
-
$0.00
-
$100.00
-
n/a
-
$0.00
-
$350.00
Other financial bits
-
$150,000
-
$2,000,000
-
none
-
95.00%
Features
-
Owner Occupier
-
Principal & Interest
-
Weekly, Fortnightly, Monthly
-
yes - free
-
yes
-
yes - free
-
$0.00
-
yes
-
no
-
none
-
none
-
Receive $2,000 cashback when you refinance or $1,000 when you buy a home under the Advantage Package with a minimum loan size of $250,000 (excludes refinances from Bank of Melbourne, Westpac, St.George, BankSA and RAMS).
Details
Rates and fees information correct as at 12 November 2019. 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
-
3.59% p.a.
-
n/a
-
n/a
-
n/a
-
3.61% p.a.
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
Fees
-
$0.00
-
$0.00
-
$0.00
-
$100.00
-
n/a
-
$0.00
-
$350.00
Other financial bits
-
$150,000
-
$2,000,000
-
none
-
90.00%
Features
-
Investor
-
Principal & Interest
-
Weekly, Fortnightly, Monthly
-
yes - free
-
yes
-
yes - free
-
$0.00
-
yes
-
no
-
none
-
none
-
Receive $2,000 cashback when you refinance or $1,000 when you buy a home under the Advantage Package with a minimum loan size of $250,000 (excludes refinances from Bank of Melbourne, Westpac, St.George, BankSA and RAMS).
Details
Rates and fees information correct as at 12 November 2019. 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
-
3.84% p.a.
-
n/a
-
n/a
-
n/a
-
3.89% p.a.
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
Fees
-
$500.00
-
$0.00
-
$0.00
-
$100.00
-
n/a
-
$0.00
-
$350.00
Other financial bits
-
$30,000
-
$2,000,000
-
none
-
80.00%
Features
-
Investor
-
Interest Only
-
Monthly
-
yes - free
-
yes
-
yes - free
-
$0.00
-
yes
-
no
-
none
-
none
-
none
Details
Rates and fees information correct as at 12 November 2019. 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
-
4.22% p.a.
-
n/a
-
n/a
-
n/a
-
4.27% p.a.
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
Fees
-
$500.00
-
$0.00
-
$0.00
-
$100.00
-
n/a
-
$0.00
-
$350.00
Other financial bits
-
$30,000
-
$2,000,000
-
none
-
95.00%
Features
-
Owner Occupier
-
Principal & Interest
-
Weekly, Fortnightly, Monthly
-
yes - free
-
yes
-
yes - free
-
$0.00
-
yes
-
no
-
none
-
none
-
Receive $2,000 cashback when you refinance or $1,000 when you buy a home under the Advantage Package with a minimum loan size of $250,000 (excludes refinances from Bank of Melbourne, Westpac, St.George, BankSA and RAMS).
Details
Rates and fees information correct as at 12 November 2019. 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
-
4.81% p.a.
-
n/a
-
n/a
-
n/a
-
4.86% p.a.
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
Fees
-
$500.00
-
$0.00
-
$0.00
-
$100.00
-
n/a
-
$0.00
-
$350.00
Other financial bits
-
$30,000
-
$2,000,000
-
none
-
80.00%
Features
-
Owner Occupier
-
Interest Only
-
Monthly
-
yes - free
-
yes
-
yes - free
-
$0.00
-
yes
-
no
-
none
-
none
-
none
Details
Rates and fees information correct as at 12 November 2019. 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
-
4.79% p.a.
-
n/a
-
n/a
-
n/a
-
4.84% p.a.
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
Fees
-
$500.00
-
$0.00
-
$0.00
-
$100.00
-
n/a
-
$0.00
-
$350.00
Other financial bits
-
$30,000
-
$2,000,000
-
none
-
90.00%
Features
-
Investor
-
Principal & Interest
-
Weekly, Fortnightly, Monthly
-
yes - free
-
yes
-
yes - free
-
$0.00
-
yes
-
no
-
none
-
none
-
Receive $2,000 cashback when you refinance or $1,000 when you buy a home under the Advantage Package with a minimum loan size of $250,000 (excludes refinances from Bank of Melbourne, Westpac, St.George, BankSA and RAMS).
Details
Rates and fees information correct as at 12 November 2019. 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
-
5.08% p.a.
-
n/a
-
n/a
-
n/a
-
5.13% p.a.
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
Fees
-
$500.00
-
$0.00
-
$0.00
-
$100.00
-
n/a
-
$0.00
-
$350.00
Other financial bits
-
$30,000
-
$2,000,000
-
none
-
80.00%
Features
-
Investor
-
Interest Only
-
Monthly
-
yes - free
-
yes
-
yes - free
-
$0.00
-
yes
-
no
-
none
-
none
-
none
Customer Reviews
How are BankSA home loans rated by the Mozo community?
Latest reviews of BankSA Basic Home Loan
- Overall8/10
Nice people.
They always put you first.
Read full review
They always put you first.
Price10/10Features-1/10Customer service10/10Convenience10/10Trust10/10Less
Rakiya | South Australia
reviewed 12 days ago
- Overall10/10
Low cost for pensioners
Once you have it set up, it starts instantly. Pay your monthly payments and add money when you...
Read full review
Once you have it set up, it starts instantly. Pay your monthly payments and add money when you can.
Price10/10Features10/10Customer service10/10Convenience10/10Trust10/10Less
Barbara | South Australia
reviewed about 1 year ago
- Overall8/10
Good quality loan and service.
They had the cheapest option when we were looking for a home loan, best rates and minimal fees...
Read full review
They had the cheapest option when we were looking for a home loan, best rates and minimal fees for everything including withdrawals etc.
Price7/10Features8/10Customer service9/10Convenience9/10Trust8/10Less
Sarah | South Australia
reviewed almost 4 years ago
- Overall8/10
Friendly, helpful staff
Friendly, helpful staff.
Read full review
Friendly, helpful staff.
Price7/10Features7/10Customer service7/10Convenience7/10Trust8/10Less
Cheryl | South Australia
reviewed over 4 years ago
- Overall10/10
Great Customer Service
They have always been helpful and very understanding when my health was not good and had to be...
Read full review
They have always been helpful and very understanding when my health was not good and had to be out of work for 8 months and during that time was in hospital for 8 weeks. I could not complain about their service it was exceptional.
Price10/10Features10/10Customer service10/10Convenience10/10Trust10/10Less
Wendy | South Australia
reviewed over 4 years ago
About BankSA
BankSA is the largest financial institution in South Australia, and boasts the largest network of branches and ATMs in the state. BankSA aims to help South Australians get the best from their money, and offers a wide range of bank accounts, home loans, personal loans, credit cards and other financial services.
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