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Apply for a home loan increase

There are times when it makes good sense to request an increase on your home loan. Now you can apply online!

Documents you’ll need to apply

The documents you’ll need to provide depend on your individual financial position and your requirements and objectives. We’ll take into account factors including how long you’ve had your loan, the amount of the increase you’re requesting and what the LVR (Loan to Value Ratio) is on your current loan.

After verifying your financial situation, as required by law, we will then let you know which documents you’ll need to provide. We may also need to complete a valuation of your home.

How to apply

You can request a home loan increase online.1Simply logon to Internet Banking. Click on the Home Loan account you wish to increase and you will see a link to start or retrieve an application for an increase. When we get your request, a home loan expert will call you within 2 business days to discuss the next steps for your application.

Call 13 13 76 to speak to one of our home loan experts or visit a BankSA branch.

Fees

A fee is charged for your home loan limit increase if your request is approved.

Fees
Advantage Package Home Loans2 $0
All other BankSA Home Loans $6003
See a complete list of fees for loan accounts

The information on our website is prepared without knowing your personal financial circumstances. Before you act on this or any advice, please consider if it’s right for you. If you need help, call 13 13 76.

1Subject to system availability.
 2Advantage Package annual fee of $395 applies, other fees may be payable. The interest rate discount and fee savings apply for the duration of the package. Contact us to see if you are eligible to receive Advantage Package benefits.
 3Other upfront feeds and costs may apply.