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Media Release
BankSA announces changes to variable interest rates
Friday, 24 March 2017
BankSA today announced changes to interest rates across a range of variable lending products for home owners and investors.
- Variable home loan (owner occupier) will remain unchanged at 5.29% per annum for customers with principal and interest repayments;
- Variable home loan (owner occupier) will increase by 0.08% to 5.49% per annum for customers with interest only repayments1;
- Variable residential investment property loan rate will increase by 0.24% to 5.78% per annum for customers with principal and interest repayments1; and
- Variable residential investment property loan rate will increase by 0.32% to 5.98% per annum for customers with interest only repayments1.
BankSA small business loans will also increase by 0.08%2.
Customers who wish to discuss these changes, and the options available to them, can visit their local BankSA branch, contact 13 13 76, or visit www.banksa.com.au.
1 Changes are effective 8 May 2017.
2 Changes are effective 3 April 2017.