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BankSA Basic Home Loan

Advertiser disclosure
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 70%
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 80%
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 owner occupier taking out a interest only loan between $150,000 and $2,000,000 with an LVR below 70%
The details shown below are for an owner occupier taking out a interest only loan between $150,000 and $2,000,000 with an LVR below 80%
The details shown below are for an investor taking out a principal & interest loan between $150,000 and $2,000,000 with an LVR below 70%
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 80%
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 95%
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 70%
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 investor taking out a interest only loan between $30,000 and $2,000,000 with an LVR below 90%

Choose the version of this loan that suits you best

Availability Loan type LVR Min loan amount Max loan amount
Owner Occupier Principal & Interest < 70% $150,000 $2,000,000
Owner Occupier Principal & Interest 70%-80% $150,000 $2,000,000
Owner Occupier Principal & Interest 80%-95% $150,000 $2,000,000
Owner Occupier Interest Only < 70% $150,000 $2,000,000
Owner Occupier Interest Only 70%-80% $150,000 $2,000,000
Investor Principal & Interest < 70% $150,000 $2,000,000
Investor Principal & Interest 70%-80% $150,000 $2,000,000
Investor Principal & Interest 80%-95% $150,000 $2,000,000
Investor Interest Only < 70% $30,000 $2,000,000
Investor Interest Only 70%-80% $30,000 $2,000,000
Investor Interest Only 80%-90% $30,000 $2,000,000
  • Owner Occupier (Principal & Interest)
    LVR < 70%
    Loan: $150,000 $2,000,000
  • Owner Occupier (Principal & Interest)
    LVR 70%-80%
    Loan: $150,000 $2,000,000
  • Owner Occupier (Principal & Interest)
    LVR 80%-95%
    Loan: $150,000 $2,000,000
  • Owner Occupier (Interest Only)
    LVR < 70%
    Loan: $150,000 $2,000,000
  • Owner Occupier (Interest Only)
    LVR 70%-80%
    Loan: $150,000 $2,000,000
  • Investor (Principal & Interest)
    LVR < 70%
    Loan: $150,000 $2,000,000
  • Investor (Principal & Interest)
    LVR 70%-80%
    Loan: $150,000 $2,000,000
  • Investor (Principal & Interest)
    LVR 80%-95%
    Loan: $150,000 $2,000,000
  • Investor (Interest Only)
    LVR < 70%
    Loan: $30,000 $2,000,000
  • Investor (Interest Only)
    LVR 70%-80%
    Loan: $30,000 $2,000,000
  • Investor (Interest Only)
    LVR 80%-90%
    Loan: $30,000 $2,000,000
Rate
6.29% p.a.
Comparison Rate
6.30% p.a.
Service fee
$0.00
Upfront fee
$100
Rate
6.39% p.a.
Comparison Rate
6.40% p.a.
Service fee
$0.00
Upfront fee
$100
Rate
6.69% p.a.
Comparison Rate
6.70% p.a.
Service fee
$0.00
Upfront fee
$100
Rate
7.29% p.a.
Comparison Rate
7.30% p.a.
Service fee
$0.00
Upfront fee
$100
Rate
7.39% p.a.
Comparison Rate
7.40% p.a.
Service fee
$0.00
Upfront fee
$100
Rate
6.54% p.a.
Comparison Rate
6.55% p.a.
Service fee
$0.00
Upfront fee
$100
Rate
6.64% p.a.
Comparison Rate
6.65% p.a.
Service fee
$0.00
Upfront fee
$100
Rate
6.94% p.a.
Comparison Rate
6.95% p.a.
Service fee
$0.00
Upfront fee
$100
Rate
6.89% p.a.
Comparison Rate
6.90% p.a.
Service fee
$0.00
Upfront fee
$100
Rate
6.99% p.a.
Comparison Rate
7.00% p.a.
Service fee
$0.00
Upfront fee
$100
Rate
7.29% p.a.
Comparison Rate
7.30% p.a.
Service fee
$0.00
Upfront fee
$100

Mozo editorial review BankSA Basic Home Loan - last updated: 15 July 2024

binocular icon
What's hot
  • Low rates starting from 6.29% p.a. (6.30% p.a comparison rate)*
  • Free extra repayments and a redraw facility
  • No ongoing service fee
What's not
  • No offset account available
Mozo snapshot

If you're looking for a basic home loan without any bells and whistles the BankSA Basic Home Loan could be a worthy contender. The loan comes with competitive variable rates starting from just 6.29% p.a. (6.30% p.a comparison rate)* for owner occupiers, plus there are no ongoing service fees to worry about. With low deposit requirements it could even be a great choice for first time buyers.

key icon
Key features

The BankSA Basic Home Loan has a number of variable rate options starting from 6.29% p.a. (6.30% p.a.comparison rate)* for owner occupiers and 6.54% (6.55% comparison rate)* for investors. Rates will depend on your loan size and the type of repayments you want to make (principal and interest or interest-only), and there are options to borrow up to 95% of the property's value (Lenders Mortgage Insurance may be required for loans with an loan-to-value ratio over 80% though). 

The loan comes with flexibility to make your repayments on a schedule that suits you, with weekly, fortnightly or monthly repayment options available. You'll also be able to make extra repayments towards your loan, as well as redraws, for no extra cost. 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. 

Aside from some competitive rates, the other benefit of the loan is the relative lack of fees. You'll pay no account fees and no lending establishment fees.


snapshot
Who is it good for

The Basic Home Loan could be a choice to consider for anyone who's looking for a low cost home loan, whether you're an  investor or you're buying your first home. 

question icon
Any catches

As the name suggests, this isn't a loan which comes with anything other than the bear basics, which means there's no offset account available.

Details

Rates and fees information correct as at 16 July 2024. 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

6.29% p.a.

n/a

n/a

n/a

6.30% 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

70.00%

Features

Owner Occupier

Principal & Interest

Weekly, Fortnightly, Monthly

yes - free

yes

yes - free

$0.00

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 16 July 2024. 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

6.39% p.a.

n/a

n/a

n/a

6.40% 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

70.00%

80.00%

Features

Owner Occupier

Principal & Interest

Weekly, Fortnightly, Monthly

yes - free

yes

yes - free

$0.00

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 16 July 2024. 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

6.69% p.a.

n/a

n/a

n/a

6.70% 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

80.00%

95.00%

Features

Owner Occupier

Principal & Interest

Weekly, Fortnightly, Monthly

yes - free

yes

yes - free

$0.00

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 16 July 2024. 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

7.29% p.a.

n/a

n/a

n/a

7.30% 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

70.00%

Features

Owner Occupier

Interest Only

Weekly, Fortnightly, Monthly

yes - free

yes

yes - free

$0.00

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 16 July 2024. 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

7.39% p.a.

n/a

n/a

n/a

7.40% 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

70.00%

80.00%

Features

Owner Occupier

Interest Only

Weekly, Fortnightly, Monthly

yes - free

yes

yes - free

$0.00

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 16 July 2024. 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

6.54% p.a.

n/a

n/a

n/a

6.55% 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

70.00%

Features

Investor

Principal & Interest

Weekly, Fortnightly, Monthly

yes - free

yes

yes - free

$0.00

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 16 July 2024. 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

6.64% p.a.

n/a

n/a

n/a

6.65% 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

70.00%

80.00%

Features

Investor

Principal & Interest

Weekly, Fortnightly, Monthly

yes - free

yes

yes - free

$0.00

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 16 July 2024. 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

6.94% p.a.

n/a

n/a

n/a

6.95% 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

80.00%

95.00%

Features

Investor

Principal & Interest

Weekly, Fortnightly, Monthly

yes - free

yes

yes - free

$0.00

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 16 July 2024. 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

6.89% p.a.

n/a

n/a

n/a

6.90% 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

$30,000

$2,000,000

none

70.00%

Features

Investor

Interest Only

Monthly

yes - free

yes

yes - free

$0.00

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 16 July 2024. 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

6.99% p.a.

n/a

n/a

n/a

7.00% 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

$30,000

$2,000,000

70.00%

80.00%

Features

Investor

Interest Only

Monthly

yes - free

yes

yes - free

$0.00

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 16 July 2024. 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

7.29% p.a.

n/a

n/a

n/a

7.30% 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

$30,000

$2,000,000

80.00%

90.00%

Features

Investor

Interest Only

Monthly

yes - free

yes

yes - free

$0.00

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 BankSA home loans rated by the Mozo community?

Overall
7.6/10
Price
6.9/10
Features
6.5/10
Customer service
7.2/10
Convenience
7.8/10
Trust
7.2/10
Based on 294 BankSA home loan reviews as rated by the Mozo customers. More about the Mozo Customer Ratings.
Mozo recommends that ratings are only one factor to be taken into account when deciding whether to take up any financial product offer.

Latest reviews of BankSA Basic Home Loan

About BankSA

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Unloan

Variable

5.99% p.a. variable

5.90% p.a.

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Macquarie

Basic Home Loan (Fixed)

6.25% p.a.
fixed 3 years

6.20% p.a.

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Greater Bank

Great Rate Home Loan

6.19% p.a. variable

6.21% p.a.

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Police Credit Union

Low Rate Home Loan

6.14% p.a. variable

6.20% p.a.

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HSBC

Home Value Loan

6.09% p.a. variable

6.09% p.a.

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Unloan

Variable

6.29% p.a. variable

6.20% p.a.

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ANZ

Fixed Rate

6.59% p.a.
fixed 3 years

7.06% p.a.

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South West Slopes Bank

Fixed Home Loan Rate

5.69% p.a.
fixed 3 years

6.34% p.a.

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Unloan

Variable

5.99% p.a. variable

5.90% p.a.

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Macquarie

Basic Home Loan

6.14% p.a. variable

6.16% p.a.

Thumbnail icon for Greater Bank
Greater Bank

Great Rate Home Loan

6.19% p.a. variable

6.21% p.a.

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Unloan

Variable

6.29% p.a. variable

6.20% p.a.

Thumbnail icon for ubank
ubank

Flex Home Loan

6.24% p.a. variable

6.48% p.a.

Thumbnail icon for Aussie
Aussie

Elevate

6.09% p.a. variable

6.20% p.a.

Thumbnail icon for Police Credit Union
Police Credit Union

Low Rate Home Loan

6.14% p.a. variable

6.20% p.a.

Thumbnail icon for South West Slopes Bank
South West Slopes Bank

Fixed Home Loan Rate

5.69% p.a.
fixed 3 years

6.34% p.a.

Thumbnail icon for Unloan
Unloan

Variable

5.99% p.a.

5.90% p.a.

Thumbnail icon for Macquarie
Macquarie

Basic Home Loan

6.14% p.a.

6.16% p.a.

Thumbnail icon for Greater Bank
Greater Bank

Great Rate Home Loan

6.19% p.a.

6.21% p.a.

Thumbnail icon for Police Credit Union
Police Credit Union

Low Rate Home Loan

6.14% p.a.

6.20% p.a.

Thumbnail icon for Bendigo Bank
Bendigo Bank

Express Home Loan

6.01% p.a.

6.14% p.a.

Thumbnail icon for Aussie
Aussie

Elevate

6.09% p.a.

6.20% p.a.

Thumbnail icon for ING
ING

Mortgage Simplifier

6.14% p.a.

6.17% p.a.

Thumbnail icon for Macquarie
Macquarie

Offset Home Loan (Package)

6.14% p.a.

6.39% p.a.

Thumbnail icon for Macquarie
Macquarie

Basic Home Loan (Fixed)

6.25% p.a.
fixed 3 years

6.20% p.a.

Thumbnail icon for South West Slopes Bank
South West Slopes Bank

Fixed Home Loan Rate

5.69% p.a.
fixed 3 years

6.34% p.a.

Thumbnail icon for Macquarie
Macquarie

Basic Home Loan (Fixed)

6.35% p.a.
fixed 3 years

6.26% p.a.

Thumbnail icon for ING
ING

Fixed Rate Loan

6.09% p.a.
fixed 3 years

6.15% p.a.

Thumbnail icon for ANZ
ANZ

Fixed Rate

6.59% p.a.
fixed 3 years

7.06% p.a.

Thumbnail icon for ubank
ubank

Flex Home Loan Fixed

5.99% p.a.
fixed 3 years

6.41% p.a.

Thumbnail icon for Bendigo Bank
Bendigo Bank

Express Home Loan (Fixed)

6.54% p.a.
fixed 3 years

6.38% p.a.

Thumbnail icon for ubank
ubank

Flex Home Loan Fixed

5.99% p.a.
fixed 3 years

6.41% p.a.

Thumbnail icon for Unloan
Unloan

Variable

5.99% p.a.

5.90% p.a.

$0.00

Thumbnail icon for Greater Bank
Greater Bank

Great Rate Home Loan

6.19% p.a.

6.21% p.a.

$0.00

Thumbnail icon for Police Credit Union
Police Credit Union

Low Rate Home Loan

6.14% p.a.

6.20% p.a.

$0.00

Thumbnail icon for HSBC
HSBC

Home Value Loan

6.09% p.a.

6.09% p.a.

$0.00

Thumbnail icon for Bendigo Bank
Bendigo Bank

Express Home Loan

6.01% p.a.

6.14% p.a.

$10.00 monthly

Thumbnail icon for Macquarie
Macquarie

Basic Home Loan

6.14% p.a.

6.16% p.a.

$0.00

Thumbnail icon for ING
ING

Mortgage Simplifier

6.14% p.a.

6.17% p.a.

$0.00

Thumbnail icon for Macquarie
Macquarie

Offset Home Loan (Package)

6.14% p.a.

6.39% p.a.

$248.00 yearly

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.

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