Manage your personal loan

How to minimise personal loan fees and interest charges

• Find the right loan to suit your needs or lifestyle
• Monitor your personal loan

Do you have the right personal loan for your needs?

Consider your loan requirements and then find the loan that best suits your needs. Our range of personal loans can offer flexibility of loan term, low interest rate, and a choice of repayment structure.

Compare all BankSA personal loans or find one that is suitable for your needs or lifestyle.

Fixed or variable - which is better suited to your needs?

A fixed rate loan gives you the security of knowing what your repayments are and protects you against interest rate rises for the life of the loan. You can make extra payments, but there is a limit on the amount of additional payments you can make before break costs may apply.

A variable rate loan gives you flexibility, as you make extra payments and request to redraw¹ those if you need them. The interest rate is not fixed, so it may vary over the term of the loan.

Make repayments automatically

Making loan repayments automatically via direct debit saves you the hassle of having to make manual payments on time and can help avoid fees for missed or late payments.

Avoid fees for missed or late payments by ensuring that you have enough money in the account that is being debited when the repayment is due. You can organise for your loan repayments to be made from your nominated account at the same time your salary is credited to your account.

Monitor your personal loan

We have a number of ways for you to monitor the state of your personal loan and ensure you avoid these types of fees. These include;

• Internet and Phone Banking
• Enquiring over the phone or at any BankSA branch
• BankSA ATM balance enquiries on Get Set Loans and Personal Overdrafts
• SMS and email alerts on Get Set Loans.

If you would like more information on any of the fees that may apply to your personal loan, please speak to us on 13 13 76.

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