BankSA Basic Home Loan
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 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
3.64% p.a.
3.66% p.a.
$0.00
BankSA Basic Home Loan
3.64% p.a.
3.66% p.a.
$0.00
4.19% p.a.
4.20% p.a.
$0.00
BankSA Basic Home Loan
4.19% p.a.
4.20% p.a.
$0.00
4.89% p.a.
4.90% p.a.
$0.00
BankSA Basic Home Loan
4.89% p.a.
4.90% p.a.
$0.00
4.63% p.a.
4.68% p.a.
$0.00
BankSA Basic Home Loan
4.63% p.a.
4.68% p.a.
$0.00
5.22% p.a.
5.27% p.a.
$0.00
BankSA Basic Home Loan
5.22% p.a.
5.27% p.a.
$0.00
5.20% p.a.
5.25% p.a.
$0.00
BankSA Basic Home Loan
5.20% p.a.
5.25% p.a.
$0.00
5.74% p.a.
5.79% p.a.
$0.00
BankSA Basic Home Loan
5.74% p.a.
5.79% p.a.
$0.00
Mozo Review BankSA Basic Home Loan Review
Last updated: 22 March 2018.
What's hot:
Low rates starting from 3.78%
$0 ongoing service fees
Multiple 2018 Mozo Experts Choice Award winner
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 3.78% for an owner occupier and 4.19% for an investor. It was also a popular pick with the Mozo judges - taking out two 2018 Mozo Experts Choice Awards for best Low Cost and First Home Buyer loans.
Key features:
The BankSA Basic Home Loan has a 3.78% variable interest 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 August 2018.
Rates
-
3.64% p.a.
-
n/a
-
0 Months
-
none
-
3.66% 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
-
none
-
$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
Details
Rates and fees information correct as at 16 August 2018.
Rates
-
4.19% p.a.
-
n/a
-
0 Months
-
none
-
4.20% 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
-
none
-
$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
Details
Rates and fees information correct as at 16 August 2018.
Rates
-
4.89% p.a.
-
n/a
-
0 Months
-
none
-
4.90% 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
-
none
-
$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
Details
Rates and fees information correct as at 16 August 2018.
Rates
-
4.63% p.a.
-
n/a
-
0 Months
-
none
-
4.68% 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
-
none
-
$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
Details
Rates and fees information correct as at 16 August 2018.
Rates
-
5.22% p.a.
-
n/a
-
0 Months
-
none
-
5.27% 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
-
none
-
$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
Details
Rates and fees information correct as at 16 August 2018.
Rates
-
5.20% p.a.
-
n/a
-
0 Months
-
none
-
5.25% 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
-
none
-
$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
Details
Rates and fees information correct as at 16 August 2018.
Rates
-
5.74% p.a.
-
n/a
-
0 Months
-
none
-
5.79% 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
-
none
-
$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
Customer Reviews
How are BankSA home loans rated by the Mozo community?
Latest reviews of BankSA Basic Home Loan
- 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 | SA
26 Nov 2015
- Overall8/10
Friendly, helpful staff
Friendly, helpful staff.
Read full review
Friendly, helpful staff.
Price7/10Features7/10Customer service7/10Convenience7/10Trust8/10Less
Cheryl | SA
07 Jul 2015
- 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 | SA
12 Jun 2015
- Overall9/10
Very good
Bank SA is the best bank. For customer service, products, and rates.
Read full review
Bank SA is the best bank. For customer service, products, and rates.
Price8/10Features8/10Customer service9/10Convenience9/10Trust7/10Less
Paul | SA
15 May 2015
- Overall9/10
Great for product for my needs
I have looked else where, but keep coming back, I pay no fees with great, fast & personal...
Read full review
I have looked else where, but keep coming back, I pay no fees with great, fast & personal service. Why would I go elsewhere??
Price7/10Features8/10Customer service9/10Convenience9/10Trust9/10Less
Nicole | SA
30 Jan 2015
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.
