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
| Availability | Loan type | LVR | Min loan amount | Max loan amount | |
|---|---|---|---|---|---|
| | Owner Occupier | Principal & Interest | < 95% | $150,000 | |
| | Owner Occupier | Interest Only | < 80% | $150,000 | |
| | Investor | Principal & Interest | < 90% | $150,000 | |
| | Investor | Interest Only | < 80% | $150,000 |
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
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!
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
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.
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.
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.
$0.00
$0.00
$0.00
$100.00
n/a
$395.00 yearly
$350.00
$150,000
none
none
95.00%
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.
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.
$0.00
$0.00
$0.00
$100.00
n/a
$395.00 yearly
$350.00
$150,000
none
none
80.00%
Monthly
yes - free up to $30,000
yes
yes - free
$0.00
yes
yes - partial only
none
none
none
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.
$0.00
$0.00
$0.00
$100.00
n/a
$395.00 yearly
$350.00
$150,000
none
none
90.00%
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.
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.
$0.00
$0.00
$0.00
$100.00
n/a
$395.00 yearly
$350.00
$150,000
none
none
80.00%
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.
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 reviewBank 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.
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 reviewThe 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.
Great customer service and easy to use online banking!
Read full reviewGreat customer service and easy to use online banking!
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 reviewI'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.
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 reviewGreat 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.
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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