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Great Start Home Loan
Make life easier with a lower rate for an introductory period
If you’re buying your first home, we can make life a little easier by giving you a low introductory home loan rate. At the end of the loan’s introductory rate period, the interest rate converts to the Standard Variable Rate.
- What you save in repayments can help offset the costs of stamp duty, solicitors and moving
- Take advantage of the lower interest rate to pay off your loan and own your home sooner
A BankSA lending expert will contact you at your preferred time.
Click here for more information on how to apply.Interest type
- Choose a variable interest rate or a fixed interest rate1
Term
- One-year introductory period. At the end of the introductory period, the interest rate converts to the Standard Variable Rate
Can be used for building
- Only with Introductory Discount Variable Home Loan
Available for vacant land
- Yes
Frequency
- Choose to repay weekly, monthly or fortnightly2
Additional payments
- Make additional payments at any time3
Automatic repayments
- Set up convenient automatic repayments from your nominated account
- Get great savings with this all-inclusive home loan package that includes a home loan, transaction account, credit card and more
Ability to increase loan amount
- Applying for additional funds is simple5
Redraw facility
- Get access to any extra payments you make with a convenient redraw facility4,5
- 100% interest offset to help you save interest and own your home sooner (partial interest offset also available)
- Reduce or pause your home loan repayments for a period of between 3 to 12 months during a period of legitimate leave from the workforce5
- Maximise the amount you can borrow when a parent or other family member guarantees part of your home loan
- On fixed rate loans only6
- Keep earning interest on your deposit monies right up until settlement by using a Deposit Protect Bond instead of paying a cash deposit immediately
eStatements
- Switch to eStatements and stop receiving paper statements. You can also view, print and save at least 2 years of statements online
Learn more about our Introductory Rate Home Loan
- Call a home loan expert on 13 13 76 7.30am - 7.30pm, Monday to Saturday and to connect you faster, say ‘New Mortgage’ when prompted.
A BankSA lending expert will contact you at your preferred time.
Click here for more information on how to apply.1. Subject to availability from time to time.
2. Available on loans with principal and interest repayments.
3. There is a limit on the amount of additional payments before break costs become payable on fixed rate loans.
4. On variable rate loans only.
5. Subject to Bank approval. A fee applies for each approved request.
6. On Fixed Rate loans only. A fee applies for each approved request.
2. Available on loans with principal and interest repayments.
3. There is a limit on the amount of additional payments before break costs become payable on fixed rate loans.
4. On variable rate loans only.
5. Subject to Bank approval. A fee applies for each approved request.
6. On Fixed Rate loans only. A fee applies for each approved request.
