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 27 February 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
-
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 $4,000 cashback when you refinance a property with a Basic Home Loan or under the Advantage Package and an additional $2,000 for additional properties with a minimum loan size of $250,000 (excludes refinances from Westpac Group).
Details
Rates and fees information correct as at 27 February 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
-
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 $4,000 cashback when you refinance a property with a Basic Home Loan or under the Advantage Package and an additional $2,000 for additional properties with a minimum loan size of $250,000 (excludes refinances from Westpac Group).
Details
Rates and fees information correct as at 27 February 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
-
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 27 February 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
-
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 $4,000 cashback when you refinance a property with a Basic Home Loan or under the Advantage Package and an additional $2,000 for additional properties with a minimum loan size of $250,000 (excludes refinances from Westpac Group).
Details
Rates and fees information correct as at 27 February 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
-
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 27 February 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
-
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 $4,000 cashback when you refinance a property with a Basic Home Loan or under the Advantage Package and an additional $2,000 for additional properties with a minimum loan size of $250,000 (excludes refinances from Westpac Group).
Details
Rates and fees information correct as at 27 February 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
-
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
-
Receive $4,000 cashback when you refinance a property with a Basic Home Loan or under the Advantage Package and an additional $2,000 for additional properties with a minimum loan size of $250,000 (excludes refinances from Westpac Group).
Customer Reviews
How are BankSA home loans rated by the Mozo community?
Latest reviews of BankSA Basic Home Loan
-
No fuss.
Pretty good. Staff at our local branch helpful. Loan was application easy.
Read full reviewPretty good. Staff at our local branch helpful. Loan was application easy.
Price8/10Features6/10Customer service8/10Convenience5/10LessTrust7/10 -
Flexible options and user friendly online platform
The features for the Basic Home Loan suit my own needs, particularly redraw options, however their interest rates could certainly be more competitive.
Read full reviewThe features for the Basic Home Loan suit my own needs, particularly redraw options, however their interest rates could certainly be more competitive.
Price8/10Features8/10Customer service7/10Convenience9/10LessTrust7/10 -
The worst bank for loyal existing customers
This is one of the worst banks for loyal existing customers. I have been with BankSA for my home loan for more than 4 years now. My loan interest rate was gradually increased without notifying me. Now I see they have reduced interest for new customer with a big difference to my loan. I spoke to the bank and they say we have the same product for new customer at lower rates but not for existing customers. What a bad bank!
Read full reviewThis is one of the worst banks for loyal existing customers. I have been with BankSA for my home loan for more than 4 years now. My loan interest rate was gradually increased without notifying me. Now I see they have reduced interest for new customer with a big difference to my loan. I spoke to the bank and they say we have the same product for new customer at lower rates but not for existing customers. What a bad bank!
Price0/10Features0/10Customer service0/10Convenience0/10LessTrust0/10 -
Nice people.
They always put you first.
Read full reviewThey always put you first.
Price10/10Features-1/10Customer service10/10Convenience10/10LessTrust10/10 -
Low cost for pensioners
Once you have it set up, it starts instantly. Pay your monthly payments and add money when you can.
Read full reviewOnce you have it set up, it starts instantly. Pay your monthly payments and add money when you can.
Price10/10Features10/10Customer service10/10Convenience10/10LessTrust10/10
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.
Promoted
Gateway Bank
Low Rate Essentials Home Loan
3.01% p.a. variable
3.04% p.a.
$275
Promoted
Bank of Queensland
Fixed Rate
2.79% p.a.
fixed 3 years
3.67% p.a.
$450
Promoted
Newcastle Permanent
Real Deal Home Loan
3.19% p.a. variable
3.23% p.a.
$0
Promoted
Gateway Bank
Low Rate Essentials Home Loan
3.01% p.a. variable
3.04% p.a.
$275
Promoted
Newcastle Permanent
Real Deal Home Loan
3.19% p.a. variable
3.23% p.a.
$0
Promoted
Gateway Bank
Low Rate Essentials Home Loan
3.01% p.a.
3.04% p.a.
$275
Promoted
Newcastle Permanent
Real Deal Home Loan
3.19% p.a.
3.23% p.a.
$0
Promoted
Bank of Queensland
Fixed Rate
2.79% p.a.
fixed 3 years
3.67% p.a.
$450
Promoted
loans.com.au
Fixed Home Loan
2.99% p.a.
fixed 3 years
3.27% p.a.
$520
Promoted
Qudos Bank
Fixed Rate Home Loan
2.89% p.a.
fixed 3 years
3.23% p.a.
$0
Promoted
Newcastle Permanent
Fixed Rate Home Loan (Premium Plus Package)
2.89% p.a.
fixed 3 years
3.96% p.a.
$0
Promoted
loans.com.au
Fixed Home Loan
3.79% p.a.
fixed 3 years
3.47% p.a.
$520
Promoted
Bank of Queensland
Fixed Rate
2.79% p.a.
fixed 3 years
3.67% p.a.
$450
Promoted
Bank of Sydney
BOSBasic Home Loan
2.96% p.a.
3.01% p.a.
$0.00
Promoted
Mortgage House
Red Home Loan - Early Bird Special
2.89% p.a.
2.93% p.a.
$0.00
