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You may be able to get one or both of these offers.
Example of how the two Cashback offers works:
Home loan scenario | Total cashback for eligible Investors | Total cashback for eligible Owner-Occupiers |
---|---|---|
I’m switching 1 property | You’ll receive $4,000 Cashback
|
You’ll receive $4,000 Cashback
|
I’m switching 2 properties | You’ll receive $6,000 Cashback
|
You’ll receive $6,000 Cashback (your other property is an investment)
|
The cashbacks will be paid into a BankSA transaction account within 60 days of settlement. This account must be linked to your home loan at the time of settlement, and kept open for 60 days afterwards.
For the $2,000 cashback offer, tax consequences may arise for investors and you should seek independent advice.
For Owner Occupier (Principal & Interest), Advantage Package Home Loans4, $395 annual package fee. Available for new loans as well as existing variable rate home loan customers looking to fix all or part of their loans. If you’re an existing BankSA Home Loan customer, find out how to manage your home loan.
1.99% p.a. |
4-year fixed rate |
3.26% p.a. | Comparison rate* |
Fees |
|
$0 | Establishment Fee6 |
$0 | Monthly administration fee |
$395 | with Advantage Package4 |
T&C's apply. See comparison rate warning.
Choose to make your repayments weekly, fortnightly or monthly5.
Lock in your fixed rate when you apply, so if rates rise before you settle, you won’t be affected (fees apply)1.
Choose to pay interest in advance on investment loans and get 0.2% p.a. off the fixed interest rate for the interest in advance period2.
With a BankSA Advantage Package you could get discounted interest rates and fees when you package your home loan, credit card and transaction account4.
Use the equity in a family member’s home to help you on your home buying journey and maximise the amount you can borrow. Learn more
Choose to re-fix your interest rate for another fixed rate period or let it revert automatically to our standard variable interest rate3.
Important information
Conditions, fees and credit criteria apply.
Before making a decision, it’s best to read the terms and conditions:
Residential Loan Agreement – General Terms and Conditions (PDF 438KB)
Loan Accounts – Charges for specific services and accounts (PDF 587KB)
Advantage Package - Terms and Conditions (PDF 338KB)
Please read these documents and keep a copy. You can request a paper copy at a branch.
The information on our website is prepared without knowing your personal financial circumstances. Before you act on this, please consider if it’s right for you. If you need help, call 1300 000 266 Tax consequences may arise from promotions for investors and customers should seek independent advice on any taxation matters.
*Comparison Rate: The comparison rate is based on a loan of $150,000 over a term of 25 years. After the fixed rate period expires the interest rate will revert to the applicable Standard Variable rate based on loan category and repayment type. WARNING: This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
Fixed rate home loan: The Bank will apply the fixed rate that is available at the loan settlement date or the date the fixed rate period commences, unless the customer locks a fixed rate in on the loan using our Rate Lock feature. The Rate Lock fee is 0.15% of the loan amount or $500, whichever is higher, capped at $1000 for loans up to $2 mil. For loans above $2mil, the Rate Lock fee is 0.15% of the loan amount. At the end of the fixed rate period the interest rate will convert to the applicable variable interest rate.