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BankSA Fixed Home Loan (Advantage Package)

Advertiser disclosure

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
2.08% p.a.
Comparison Rate
3.37% p.a.
Service fee
$395.00 yearly
Upfront fee
$0
Fixed 3 year rate
3.69% p.a.
Comparison Rate
4.20% p.a.
Service fee
$395.00 yearly
Upfront fee
$0
Fixed 3 year rate
2.49% p.a.
Comparison Rate
3.88% p.a.
Service fee
$395.00 yearly
Upfront fee
$0
Fixed 3 year rate
2.69% p.a.
Comparison Rate
4.14% p.a.
Service fee
$395.00 yearly
Upfront fee
$0

Mozo editorial review BankSA Fixed Home Loan (Advantage Package) - last updated: 8 June 2021

binocular icon
What's hot
  • 1.99% fixed two year rate (3.44% comparison rate*)
  • 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).

This loan features a low 1.99% fixed two year rate (3.44% 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!


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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 1.99% two year fixed rate (3.44% 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 2.29% (3.95% 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

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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. 

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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 1 August 2021. 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

2.09% (3.55%*)

1.99% (3.44%*)

2.08% (3.37%*)

2.29% (3.34%*)

2.59% (3.40%*)

n/a

n/a

3.24% p.a.

Fees

$0.00

$0.00

$0.00

$0.00

n/a

$395.00 yearly

$0.00

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 $3,000 cashback when you refinance a property with a minimum loan size of $200,000 and LVR less than or equal to 90% (excludes refinances from Westpac Group).

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 1 August 2021. 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% (4.21%*)

3.69% (4.20%*)

3.69% (4.20%*)

4.09% (4.31%*)

4.09% (4.33%*)

n/a

n/a

3.83% p.a.

Fees

$0.00

$0.00

$0.00

$0.00

n/a

$395.00 yearly

$0.00

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 1 August 2021. 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

2.59% (4.10%*)

2.29% (3.94%*)

2.49% (3.88%*)

2.79% (3.87%*)

2.79% (3.80%*)

n/a

n/a

3.81% p.a.

Fees

$0.00

$0.00

$0.00

$0.00

n/a

$395.00 yearly

$0.00

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 $3,000 cashback when you refinance a property with a minimum loan size of $200,000 and LVR less than or equal to 90% (excludes refinances from Westpac Group).

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 1 August 2021. 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

2.79% (4.37%*)

2.49% (4.20%*)

2.69% (4.14%*)

2.99% (4.12%*)

2.99% (4.05%*)

n/a

n/a

4.10% p.a.

Fees

$0.00

$0.00

$0.00

$0.00

n/a

$395.00 yearly

$0.00

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 $3,000 cashback when you refinance a property with a minimum loan size of $200,000 and LVR less than or equal to 90% (excludes refinances from Westpac Group).

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
6.5/10
Customer service
7.2/10
Convenience
7.8/10
Trust
7.2/10

Latest reviews of BankSA Fixed Home Loan (Advantage Package)

About BankSA

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.