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

  • 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

3.39% p.a.

3.41% p.a.

$0.00

BankSA Basic Home Loan

3.39% p.a.

3.41% p.a.

$0.00

3.84% p.a.

3.85% p.a.

$0.00

BankSA Basic Home Loan

3.84% p.a.

3.85% p.a.

$0.00

4.43% p.a.

4.48% p.a.

$0.00

BankSA Basic Home Loan

4.43% p.a.

4.48% p.a.

$0.00

4.37% p.a.

4.42% p.a.

$0.00

BankSA Basic Home Loan

4.37% p.a.

4.42% p.a.

$0.00

4.96% p.a.

5.01% p.a.

$0.00

BankSA Basic Home Loan

4.96% p.a.

5.01% p.a.

$0.00

4.94% p.a.

4.99% p.a.

$0.00

BankSA Basic Home Loan

4.94% p.a.

4.99% p.a.

$0.00

5.23% p.a.

5.28% p.a.

$0.00

BankSA Basic Home Loan

5.23% p.a.

5.28% p.a.

$0.00

Mozo Review   BankSA Basic Home Loan Review

Last updated: 16 July 2019.

What's hot:
  • Low rates starting from 3.39% (3.41% 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 3.39% (3.41% comparison rate)* for an owner occupier and 3.84% (3.85% comparison rate)* for an investor.

Key features:

The BankSA Basic Home Loan has a 3.39% variable interest rate (3.41% 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 16 July 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
  • 3.39% p.a.

  • n/a

  • n/a

  • n/a

  • 3.41% 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

*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 16 July 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

  • 3.85% 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

*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 16 July 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
  • 4.43% p.a.

  • n/a

  • n/a

  • n/a

  • 4.48% 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

*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 16 July 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
  • 4.37% p.a.

  • n/a

  • n/a

  • n/a

  • 4.42% 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

*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 16 July 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
  • 4.96% p.a.

  • n/a

  • n/a

  • n/a

  • 5.01% 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

*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 16 July 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
  • 4.94% p.a.

  • n/a

  • n/a

  • n/a

  • 4.99% 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

*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 16 July 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
  • 5.23% p.a.

  • n/a

  • n/a

  • n/a

  • 5.28% 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

*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 BankSA home loans rated by the Mozo community?

Overall customer rating
7.1/10
Price
6.7/10
Features
6.4/10
Customer service
7.2/10
Convenience
7.8/10
Trust
7.1/10

Latest reviews of BankSA Basic Home Loan

  • Overall
    10/10
    Low cost for pensioners

    Once you have it set up, it starts instantly. Pay your monthly payments and add money when you...

    Once you have it set up, it starts instantly. Pay your monthly payments and add money when you can.

    Price
    10/10
    Features
    10/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10

    Barbara | South Australia

    reviewed 9 months ago

  • Overall
    8/10
    Good quality loan and service.

    They had the cheapest option when we were looking for a home loan, best rates and minimal fees...

    They had the cheapest option when we were looking for a home loan, best rates and minimal fees for everything including withdrawals etc.

    Price
    7/10
    Features
    8/10
    Customer service
    9/10
    Convenience
    9/10
    Trust
    8/10

    Sarah | South Australia

    reviewed over 3 years ago

  • Overall
    8/10
    Friendly, helpful staff

    Friendly, helpful staff.

    Friendly, helpful staff.

    Price
    7/10
    Features
    7/10
    Customer service
    7/10
    Convenience
    7/10
    Trust
    8/10

    Cheryl | South Australia

    reviewed about 4 years ago

  • Overall
    10/10
    Great Customer Service

    They have always been helpful and very understanding when my health was not good and had to be...

    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.

    Price
    10/10
    Features
    10/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10

    Wendy | South Australia

    reviewed about 4 years ago

  • Overall
    9/10
    Very good

    Bank SA is the best bank. For customer service, products, and rates.

    Bank SA is the best bank. For customer service, products, and rates.

    Price
    8/10
    Features
    8/10
    Customer service
    9/10
    Convenience
    9/10
    Trust
    7/10

    Paul | South Australia

    reviewed about 4 years ago

BankSA

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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3.49% p.a.

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3.34% p.a.

3.34% p.a.

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3.07% p.a.

3.08% p.a.

$0

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3.47% p.a.

3.48% p.a.

$150

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3.03% p.a.

3.05% p.a.

$520

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3.54% p.a.variable for 24 months and then 4.01% p.a.

4.06% p.a.

$150

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3.51% p.a.

3.52% p.a.

$0

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3.29% p.a.

3.39% p.a.

$0

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UHomeLoan (1 Year Fixed)

n/a

n/a

$395

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2.99% p.a.
fixed 3 years

4.19% p.a.

$450

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Fixed Home Loan

3.19% p.a.
fixed 3 years

3.43% p.a.

$520

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ME

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Flexible Home Loan (Fixed, Member Package)

3.58% p.a.
fixed 3 years

4.26% p.a.

$200

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Tic:Toc

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Fixed Home Loan

n/a

n/a

$0

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Basic Home Loan (Fixed)

3.64% p.a.
fixed 3 years

3.74% p.a.

$0

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UHomeLoan (Fixed)

3.24% p.a.
fixed 3 years

3.70% p.a.

$395

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Smart Loan Fixed (Package)

3.19% p.a.
fixed 3 years

3.63% p.a.

$520

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3.03% p.a.

3.05% p.a.

$0.00

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UHomeLoan - Discount Offer

3.34% p.a.

3.34% p.a.

$0.00

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3.09% p.a.

3.05% p.a.

$0.00

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No Regrets 1st Home Buyers

3.27% p.a.

3.37% p.a.

$8.00 monthly

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Red Home Loan - Early Bird Special

3.04% p.a.

3.08% p.a.

$0.00

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Variable Home Loan

3.07% p.a.

3.08% p.a.

$0.00

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No Regrets Offset Home Loan

3.29% p.a.

3.39% p.a.

$8.00 monthly

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Essentials Variable

3.19% p.a.

3.21% p.a.

$0.00

*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.