Skip to main content Skip to accessibility page Skip to search input

Current Cashback Offers

BankSA currently has one cashback offer:

  • $2,000 Refinance Cashback+

$2,000 Refinance Cashback+

Eligibility

  • Available on refinance applications submitted by 31 January 2020, with loan settled by 31 March 2020.
  • Cashback offer applicable for refinances only.
  • Available for Owner Occupier (Principal & Interest repayments only) and Residential Investment Home Loans.
  • Home Loans under Advantage Package and Basic Home Loans. 
  • $395 annual package fee applies.
  • $200k minimum loan per property applies.
  • Applicants must have a BankSA transaction account linked to the home loan at the time of settlement.
  • Applicants’ home loan repayments must be direct debited from this BankSA transaction account.
  • The linked BankSA transaction account must be kept open for at least 60 days after settlement to be eligible for the cashback.
  • Offer can be varied or withdrawn at any time.

Exclusions

  • Owner Occupier Interest Only Loans.
  • Portfolio Loans.
  • Refinances of existing Westpac, BankSA, St.George Bank, Bank of Melbourne and RAMS Home Loans.
  • Applications submitted outside of the campaign period.
  • Non-resident borrowers.
  • Applicants that use foreign income to meet serviceability.

Basic Home Loan Promotional Rates

  Principal & Interest Interest Only 
New Owner Occupier^ loans: Basic Promotional Rate 3.24% p.a.1 N/A   
New Owner Occupier^ loans: Comparison Rate 3.26% p.a.* N/A   
  Principal & Interest Interest Only
New Investor# loans: Basic Promotional rate              3.74% p.a.2 3.99% p.a.3
New Investor# loans: Comparison Rate 3.75% p.a.* 4.00% p.a.*

Eligibility criteria:

  • This offer is available for new Basic Home Loans to BankSA only.
  • Excludes internal switches and refinances within St.George, Bank of Melbourne and BankSA.
  • Excludes Owner Occupier Interest Only home loans.
  • Excludes Non-Resident Lending.

Important information

Credit criteria, fees and charges apply. Based on BankSA’s credit criteria, residential lending is not available for Non-Australian resident borrowers.

Before making a decision, it’s best to read the terms and conditions:

Please read these documents and keep a copy. You can request a paper copy from a branch.

^ Excludes Business Umbrella, Super Fund, BSA 904 loans, Executive Housing Loans, No Deposit LEF. Excludes Portfolio Loans or investment loan applications where the principal property securing the loan will be used to derive rental income or where the loan application purpose is to invest in real estate or to construct or make improvements to an investment property.

# Excludes loan applications for owner occupier purposes (where the owner owns the property in which they live or intend to live in).

* The comparison rate is based on a loan of $150,000 over a term of 25 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

$2,000 Refinance Cashback offer
+ For new home loan refinance applications submitted from 23 September 2019 and 31 January 2020, and settled 31 March 2020. Offer available on the Advantage Package and Basic Home Loans for Owner Occupier with Principal and Interest repayments and Investment Loans. Offer current as at 23 September 2019. $200k min loan per property refinanced. Only 1 cashback per property purchased refinance will be paid regardless of the number of loans involved. Offer may be varied or withdrawn at any time. Excludes Portfolio Loans, switches and refinances of home loans from within Westpac Group which include BankSA, Westpac, St.George Bank, Bank of Melbourne and RAMS. Offer not available for Owner Occupier Interest Only loans and for residential lending originated under family or company trusts. Advantage Package Terms and Conditions apply. A $395 annual package fee applies and is payable from an eligible BankSA transaction account. Applicants must have a BankSA transaction account linked to the home loan at the time of settlement, and must keep this account for 60 days after settlement. Applicants’ home loan repayments must be direct debited from this transaction account. The cashback will be paid into a BankSA transaction account within 60 days of settlement. The transaction account must linked to the home loan at the time of settlement, and kept open for 60 days after settlement Before deciding to acquire a BankSA transaction account, read the terms and conditions, and consider if the product is right for you. 

Basic Home Loan Promotional Rates

1. Basic Home Loan with Principal & Interest repayments: This offer is only available for new Owner Occupier Basic Home Loan applications with Principal and Interest repayments received from 22 July 2019. Rate includes 1.13% p.a. discount for the life of the loan. Excludes internal refinances and switches within St.George, Bank of Melbourne and BankSA. This offer may be withdrawn at any time. Interest rates subject to change.

2. Basic Residential Investment Home Loan with Principal & Interest repayments: This offer is only available for new Residential Basic Home Loan applications with Principal and Interest repayments received from 9 September 2019. Rate includes 1.20% p.a. discount applied to our Residential Investment Basic Home Loan offer for the life of the loan. Excludes internal refinances and switches within St.George, Bank of Melbourne and BankSA. This offer may be withdrawn at any time.  Interest rates subject to change (and margins may apply).  

3. Basic Residential Investment Home Loan with Interest Only repayments: This offer is only available for new Residential Investment Basic Home Loan applications with Interest Only repayments received from 19 September 2018. Rate includes 1.24% p.a. discount for the life of the loan. This offer may be withdrawn at any time. Excludes internal refinances and switches within St.George, Bank of Melbourne and BankSA. Interest rates subject to change.

> Find out more


> Find out more


Offer details

Commercially Secured Loans – Terms have been extended to 25 years

BankSA is happy to offer extended maximum terms for Business Loans.

With longer terms, your customers can now free up their cash flow to chase more opportunities.

Maximum loan terms for business loans have been extended as follows:

  • For residentially-secured business loans, our terms have increased by 5 years (from 25 to 30 years)1
  • For business loans secured by non-specialised commercial real estate or non-specialised rural land, our terms have increased by 10 years (from 15 to 25 years)1

Please note: Maximum loan terms remain unchanged where lending is against business assets (currently 10 years). Where security is in the form of specialised commercial property, relevant Sector Policy applies.

Contact your local BDM today to find out more.


Trail Book Finance – Expand your business by talking to us about leveraging your trail

We've got a great new product solution, designed to directly support you as a broker.

In an industry first, we're leading the way in lending against your trail book, so you can grow your business using your trail book as security. This allows you to fund business growth, better manage cash flow and avoid tying up personal assets like your home.

A few things that may have been on your mind, you can now do:

  • Purchase existing Finance Broker trail books
  • Refit or refurbish your offices
  • Refinance existing borrowings (for purchase of Finance Broker trail books or business)
  • Working capital up to $50,000
  • Succession planning

 

Important information

The information on our website is prepared without knowing your customers personal financial circumstances. Before you act on this, please consider if it’s right for your customer. If you need help, call 1300 137 532.

1. Unless relevant Sector or Product Policy stipulates otherwise.

Conditions, fees and credit criteria apply. Before making a decision, it’s best to read the terms and conditions: