Your selected home loans
Since opening its first branch in 1948, BankSA has become the largest financial institution in South Australia providing an extensive range of housing, personal finance and rural banking services. In 2008, BankSA became part of the Westpac Group.
BankSA’s home loans suit all types of borrowers whether you’re a first home buyer, property investor or refinancer. In fact its home loans even won a Mozo Experts Choice Award in 2022 for best First Home Buyer Loan .
You don’t have to live in Australia’s wine state to be eligible for a BankSA home loan. Anyone with a computer or phone can apply for a BankSA home loan as long as you meet the home lending criteria.
Liking what you hear? On this page, you’ll find all you need to know about BankSA home loans including the features to keep an eye out for, how its home loans were rated by the Mozo community and what you’ll need to apply for a BankSA home loan.
Your selected home loans
When my partner died and our mortgage was in his name no body knew what to do to help me. I was grieving and was unable to afford the mortgage as I was not at work and they would not allow me to apply for financial relief. It took so much time to get an actual answer, and the person who was actually helpful was an employee of the parent company Westpac
Reviewing the advantage variable home loan package. Started off great with a lender but then that lender moved banks and was left with someone else. That person didn't explain the fees and other loan options well. Did like the pros of the offset and redraw, but didn't mention the other things the package included such as multiple offsets (which didn't happen/activate till later!), that included no fee for my credit card, having to come back to the bank to get another copy of the loan documents because the first was wrong. Post settlement I've asked for the rate to be reduced but nothing has happened, not even a email reply from one staff member. I would shop around to see if there's any better home loan service.
Competitive interest rates and easy to deal with
Pros of using BankSA: 1. Established Reputation: BankSA is a well-established bank in Australia, providing a sense of stability and reliability. 2. Wide Range of Services: The bank offers a variety of financial services, including savings accounts, loans, credit cards, and more. 3. Accessibility: BankSA has a network of branches and ATMs, making it convenient for customers to access their accounts.
Remember to follow the bank up biannual to ensure you have the best rate
I am overall happy with BankSA. I like the fact I can still visit a physical branch to ask questions. My only disappointment, of which I discovered the other day, was the removal of my telephone, dedicated Customer Service Officer. Now I have to telephone a call centre and it caused a few problems as the person did not seem to understand what I wanted. So I called back again and was finally able to reach someone who did know what to do. Then they kept in contact with me via email until my issue was sorted out. Online banking is good and easy to manage, so this is a positive.
* 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.
** Initial monthly repayment figures are estimates only, based on the advertised rate. You can change the loan amount and term in the input boxes at the top of this table. Rates, fees and charges and therefore the total cost of the loan may vary depending on your loan amount, loan term, and credit history. Actual repayments will depend on your individual circumstances and interest rate changes.
^See information about the Mozo Experts Choice Home Loan Awards
Mozo provides general product information. We don't consider your personal objectives, financial situation or needs and we aren't recommending any specific product to you. You should make your own decision after reading the PDS or offer documentation, or seeking independent advice.
While we pride ourselves on covering a wide range of products, we don't cover every product in the market. If you decide to apply for a product through our website, you will be dealing directly with the provider of that product and not with Mozo.