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BankSA Fixed Home Loan (Advantage Package)

The details shown below are for an owner occupier taking out a principal & interest loan of at least $150,000 with an LVR below 95%

The details shown below are for an owner occupier taking out a interest only loan of at least $150,000 with an LVR below 80%

The details shown below are for an investor taking out a principal & interest loan of at least $150,000 with an LVR below 90%

The details shown below are for an investor taking out a interest only loan of at least $150,000 with an LVR below 80%

Choose the version of this loan that suits you best

  • Owner Occupier (Principal & Interest)

    LVR < 95%

    Loan: $150,000

  • Owner Occupier (Interest Only)

    LVR < 80%

    Loan: $150,000

  • Investor (Principal & Interest)

    LVR < 90%

    Loan: $150,000

  • Investor (Interest Only)

    LVR < 80%

    Loan: $150,000

Fixed 3 year rate
2.29% p.a.
Comparison Rate*
3.43% p.a.
Service fee
$395.00 yearly
Upfront fee
$100
Fixed 3 year rate
3.69% p.a.
Comparison Rate*
4.20% p.a.
Service fee
$395.00 yearly
Upfront fee
$100
Fixed 3 year rate
2.69% p.a.
Comparison Rate*
3.94% p.a.
Service fee
$395.00 yearly
Upfront fee
$100
Fixed 3 year rate
2.89% p.a.
Comparison Rate*
4.19% p.a.
Service fee
$395.00 yearly
Upfront fee
$100

Mozo editorial review BankSA Fixed Home Loan (Advantage Package)

Last updated: 21 September 2020.

binocular icon
What's hot
  • 2.29% fixed three year rate (3.43% comparison rate*)
  • Mozo Experts Choice Award 2020
  • Refinance cashback offer
  • No application fee
What's not
  • $395 annual service fee
Mozo snapshot

If you’re a borrower with a small deposit who doesn’t want to miss out on a great rate, then you might want to check out the BankSA Fixed Home Loan (Advantage Package) - winner of a 2020 Mozo Experts Choice Award for Best Fixed Rate Home Loan.  

This loan features a low 2.29% fixed three year rate (3.43% comparison rate*) for customers with an 95% LVR (LMI applies). There are no upfront fees to worry about and if you’re thinking of refinancing, you could be able to take advantage of the refinance cashback offer!


key icon
Key features

Whether you’re buying your first home or are thinking of refinancing, the BankSA Fixed Home Loan (Advantage Package) could be the right pick for you. Featuring a competitive 2.29% three year fixed rate (3.43% comparison rate*) for Aussies borrowing with a 5% deposit, you’ll be able to take comfort in knowing that your repayments will remain the same. But no matter what fixed term you choose, so long as you make principal and interest repayments, you’ll get that rate.

Investor rates are also available with this loan, starting from 2.69% (4.03% comparison rate*). 

Some handy features with this loan include a partial offset account and free extra repayments (up to $30,000 a year), which can both help reduce the interest you pay. And there’s a free redraw facility if you ever need to ‘dip’ back into those additional repayments. You’ll also have your choice of repayment frequency, allowing you to make your repayments either weekly, fortnightly or monthly and you can even take a repayment holiday if you ever need a break from your loan.

Refinancers will also have the chance to score big, as if you choose to refinance your BankSA Basic Home Loan to the Advantage Package, you’ll receive $2,000 cashback, plus an extra $2,000 for investment loans as well as P&I, OO loans with an LVR below 80%! And if you choose to refinance an additional property to the Advantage Package, you’ll earn another $2,000 ($250,000 minimum loan size).

Just bear in mind owner occupied interest only loans aren't eligible for any of this cashback.

And while there is no application fee with the BankSA Fixed Home Loan (Advantage Package), there is a $395 annual service fee, $350 discharge fee and $100 settlement fee to co

snapshot
Who is it good for

The BankSA Fixed Home Loan (Advantage Package) could be a great pick for first home buyers with a small deposit, looking to snatch up a low cost fixed home loan deal. This loan might also suit refinancers who want to earn a little extra when they switch. 

snapshot
Any catches

While this loan does help borrowers save on costs with a low rate and no application fees, keep in mind that there is a $395 annual service fee. 

Details

Rates and fees information correct as at 21 September 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
  • n/a

  • n/a

  • n/a

  • n/a

  • 2.29% (3.58%*)

  • 2.29% (3.50%*)

  • 2.29% (3.43%*)

  • 2.79% (3.52%*)

  • 2.79% (3.49%*)

  • n/a

  • n/a

  • 3.24% p.a.

Fees
  • $0.00

  • $0.00

  • $0.00

  • $100.00

  • n/a

  • $395.00 yearly

  • $350.00

Other financial bits
  • $150,000

  • none

  • none

  • 95.00%

Features
  • Weekly, Fortnightly, Monthly

  • yes - free up to $30,000

  • yes

  • yes - free

  • $0.00

  • yes

  • yes - partial only

  • none

  • none

  • Receive $2,000 cashback per property when you refinance a property with a minimum loan size of $250,000 (excludes refinances from Westpac Group). Loans with an LVR <80% can receive an additional $2,000 cash back.

*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 21 September 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
  • n/a

  • n/a

  • n/a

  • n/a

  • 3.69% (4.23%*)

  • 3.69% (4.22%*)

  • 3.69% (4.20%*)

  • 4.09% (4.33%*)

  • 4.09% (4.35%*)

  • n/a

  • n/a

  • 3.83% p.a.

Fees
  • $0.00

  • $0.00

  • $0.00

  • $100.00

  • n/a

  • $395.00 yearly

  • $350.00

Other financial bits
  • $150,000

  • none

  • none

  • 80.00%

Features
  • Monthly

  • yes - free up to $30,000

  • yes

  • yes - free

  • $0.00

  • yes

  • yes - partial only

  • 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 21 September 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
  • n/a

  • n/a

  • n/a

  • n/a

  • 2.89% (4.14%*)

  • 2.69% (4.02%*)

  • 2.69% (3.94%*)

  • 3.19% (4.02%*)

  • 3.19% (3.97%*)

  • n/a

  • n/a

  • 3.81% p.a.

Fees
  • $0.00

  • $0.00

  • $0.00

  • $100.00

  • n/a

  • $395.00 yearly

  • $350.00

Other financial bits
  • $150,000

  • none

  • none

  • 90.00%

Features
  • Weekly, Fortnightly, Monthly

  • yes - free up to $30,000

  • yes

  • yes - free

  • $0.00

  • yes

  • yes - partial only

  • none

  • none

  • Receive $2,000 cashback per property when you refinance a property with a minimum loan size of $250,000 (excludes refinances from Westpac Group). Loans with an LVR <80% can receive an additional $2,000 cash back.

*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 21 September 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
  • n/a

  • n/a

  • n/a

  • n/a

  • 3.09% (4.41%*)

  • 2.89% (4.29%*)

  • 2.89% (4.19%*)

  • 3.39% (4.27%*)

  • 3.39% (4.22%*)

  • n/a

  • n/a

  • 4.10% p.a.

Fees
  • $0.00

  • $0.00

  • $0.00

  • $100.00

  • n/a

  • $395.00 yearly

  • $350.00

Other financial bits
  • $150,000

  • none

  • none

  • 80.00%

Features
  • Monthly

  • yes - free up to $30,000

  • yes

  • yes - free

  • $0.00

  • yes

  • yes - partial only

  • none

  • none

  • Receive $2,000 cashback per property when you refinance a property with a minimum loan size of $250,000 (excludes refinances from Westpac Group). Loans with an LVR <80% can receive an additional $2,000 cash back.

*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
7.2/10
Price
6.8/10
Features
6.4/10
Customer service
7.2/10
Convenience
7.8/10
Trust
7.1/10

Latest reviews of BankSA Fixed Home Loan (Advantage Package)

  • Overall 7/10
    BankSA, the bank with competitive rates.

    Bank of convenience here in SA. Offered the lowest rate at the time we needed our home loan. Have always had great customer service when attending a branch and very easy to redraw and refix our loan.

    Read full review

    Bank of convenience here in SA. Offered the lowest rate at the time we needed our home loan. Have always had great customer service when attending a branch and very easy to redraw and refix our loan.

    Price
    8/10
    Features
    0/10
    Customer service
    7/10
    Convenience
    7/10
    Trust
    7/10
    Less
    Corinne, South Australia reviewed 11 months ago
  • Overall 4/10
    I was told they have great customer service

    The major thing now is that with the advantage packages, the yearly fee is so high that it becomes harder to save due to rates being very low.

    Read full review

    The major thing now is that with the advantage packages, the yearly fee is so high that it becomes harder to save due to rates being very low.

    Price
    0/10
    Features
    -
    Customer service
    -
    Convenience
    -
    Trust
    -
    Less
    Juliska, South Australia reviewed over 3 years ago
  • Overall 10/10
    Great online services

    Great customer service and easy to use online banking!

    Read full review

    Great customer service and easy to use online banking!

    Price
    8/10
    Features
    10/10
    Customer service
    9/10
    Convenience
    10/10
    Trust
    10/10
    Less
    Monique, South Australia reviewed over 4 years ago
  • Overall 6/10
    I'm going to switch my home loan to another bank.

    I'm angry that the RBA has interest rates so low right now, yet, my bank variable rate is around 5.5%. When my fix rate expires and I have the opportunity, I will switch banks to one with lower rates. I don't even care if I have to pay an exit fee - I will leave. It's not right for them to be profiting so high when RBA rates are at record low.

    Read full review

    I'm angry that the RBA has interest rates so low right now, yet, my bank variable rate is around 5.5%. When my fix rate expires and I have the opportunity, I will switch banks to one with lower rates. I don't even care if I have to pay an exit fee - I will leave. It's not right for them to be profiting so high when RBA rates are at record low.

    Price
    5/10
    Features
    5/10
    Customer service
    9/10
    Convenience
    9/10
    Trust
    10/10
    Less
    Natalie, South Australia reviewed over 4 years ago
  • Overall 10/10
    Great online service

    Great internet banking, great home loan rate. Keep you informed of new options available. Great ATM service facilities. Would be good if there were more branches available.

    Read full review

    Great internet banking, great home loan rate. Keep you informed of new options available. Great ATM service facilities. Would be good if there were more branches available.

    Price
    10/10
    Features
    8/10
    Customer service
    9/10
    Convenience
    3/10
    Trust
    8/10
    Less
    Amy, South Australia reviewed over 5 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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*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.