The features for the Basic Home Loan suit my own needs, particularly redraw options, however their interest rates could certainly be more competitive.
There is no interest on my debit card to speak of. The bank has down scaled all their branches and only have a couple of people in the branches. I have had to pay a fee to withdraw money outside of South Australia.
Okay, my partner a few years ago when she was receiving a higher pay took out a personal loan to purchase a car as she has a kid (Now two kids), but then later down the line her pay was shortened. The bank told her that they would decrease the payback to the minimal charge, but that charge is still FAR too large for her to afford without risking the health, housing and nutrition of hers and my children. Not only that but she pays what she can afford to pay due to this and because it simply, 'isn't enough', she continually gains additional late fees of really high proportions onto her loan. It's absolutely disgusting. BankSA needs to take into consideration changing financial matters and create more effective ways of resolving payback for their loans.
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