Home Loans Online Application

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Why apply for a BankSA home loan online

Begin online

Applying for a new home loan, conditional approval or a refinance to us? It should only take around 20 minutes to apply.

See what you could borrow

We'll estimate your upfront costs and tell you how much we could lend you.

One point of contact

You’ll be partnered with a home loan expert who’ll give you a call – ask them anything.

Track where you’re at

Get notifications, know what’s next and track your progress towards getting your loan finalised.

Start your application online

1. Apply online

Tell us about yourself and see how much you could borrow (there’s no credit check until you’ve spoken with a lending manager).

2. We’ll call you

A lending manager will call to answer all your questions and help move your application along.

3. Conditional approval (optional)

We may be able to provide you conditional approval to help you confidently bid or make an offer knowing how much you could afford. Conditional approval is valid for 90 days, and if you need more time we can look to renew it.

4. Full approval

We’ll value your property and make some final checks. If we offer you full loan approval, accept it online and be guided through to loan settlement.

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Fixed Rate Home Loan

For Owner Occupier (Principal & Interest) packaged^# home loans, $395 annual package fee applies. If you’re an existing BankSA Home Loan customer, find out how to manage your home loan.

2.94% p.a. 1 year fixed rate	3.85% p.a. Comparison rate^*
3.84% p.a. 2 year fixed rate	3.96% p.a. Comparison rate^*
4.34% p.a. 3 year fixed rate	4.12% p.a. Comparison rate^*
4.54% p.a. 4 year fixed rate	4.25% p.a. Comparison rate*
4.74% p.a. 5 year fixed rate	4.41% p.a. Comparison rate*

^{T&C's apply. See comparison rate warning.}

Find out more Find out more

Get 4K cashback when you refinance

$4K

Cashback^ When you Refinance

Apply by 31st May 2022, and settle by 31st August 2022. Owner Occupier (P&I repayments) and Residential Investment loans, with LVR up to 80%. Available on home loans with our Advantage Package ($395 annual package fee) and our Basic Home Loan (no annual fee). $200k min loan. Only one $4K cashback offer available per primary applicant within a 12 month period. Excludes refinances from within Westpac Group.^

Looking to refinance?

Full Terms and Conditions

^{^}How does the refinance cashback offer work: Conditions, credit criteria, fees, charges, eligibility criteria and exclusions apply. Apply between 8th December 2021 to 31st May 2022 and settle by 31st August 2022 for refinance applications. Offer may be varied or withdrawn at any time. Min loan amount $200k and LVR up to 80%. Offer available for Owner Occupier with Principal & Interest repayments and Residential Investment Loans (Principal and Interest & Interest Only repayments). Advantage Package ($395 annual package fee and T&Cs apply) and Basic Home Loans. Limit of one $4,000 cashback payment regardless of the number of applications, applicants, properties or loans involved per 12 month period. For joint applications, only one cashback payment will be paid to the primary applicant. Excludes Owner Occupier Interest Only, residential lending originated under family or company trusts and refinances within Westpac Group (Westpac, St.George, Bank of Melbourne, BankSA and RAMS). The cashback will be paid into a BankSA transaction account within 60 days of settlement. This account must be in the same name as the home loan account and linked to the home loan at settlement. Tax consequences may arise from this promotion for investors and customers should seek independent advice on any taxation matters.

FAQs

How does the Refinance Cashback offer work?

$4,000 Refinance Cashback per primary applicant for applications received between 8th December 2021 - 31st May 2022 and settled by 31st August 2022. Limit of one $4,000 cashback payment regardless of the number of applications, applicants, properties or loans involved per 12 month period. For joint applications, only one cashback payment will be paid to the primary applicant.

The cashback will be paid into a BankSA transaction account within 60 days of settlement. The transaction account must be in the same name as the home loan account and linked to the home loan at the time of settlement. This account must be kept open for 60 days after settlement.

For the $4,000 cashback offer, tax consequences may arise for investors and you should seek independent advice.

What does ‘refinance’ and ‘Owner Occupier’ mean?

I’m an owner-occupier: can I get $4K cashback?

I’m an Investor: can I get $4K cashback?

How do I know if I’m eligible?

For the $4,000 Cashback offer, you’ll need to meet these conditions:

It’s an Investment home loan on either Interest Only or Principal & Interest repayments, or an Owner Occupier home loan with Principal & Interest repayments
It’s either our Basic Home Loan, or a Fixed or Variable Rate home loan under our Advantage Package^# ($395 annual package fee and full terms and conditions apply)
Limit of one $4,000 cashback payment regardless of the number of applications, applicants, properties or loans involved per 12 month period. For joint applications, only one cashback payment will be paid to the primary applicant.
Loan size needs to be at least $200k.
LVR up to 80%
Apply before 31st May 2022 and settle by 31st August 2022.

Are there any exclusions?

Yes there are some. The $4,000 Cashback offer:

Excludes Owner Occupier home loans with Interest Only repayments
Excludes Portfolio Loans and residential lending originated under family or company trusts
Excludes home loan switches and internal refinances within the Westpac Group, including St.George, Bank of Melbourne, Westpac, BankSA and RAMS
Excludes loans with an LVR above 80%
Only one $4K cashback offer per primary applicant within a 12 month period
For joint applications, only one cashback payment will be paid to the primary applicant.
Excludes any loan amount below $200k

When does the 12 month period commence?

What is FASTRefi?

FASTRefi^{^^} is faster and easier than the standard refinancing process - so you could access your new BankSA home loan in days, as opposed to weeks.

Sooner. Get your new funds faster with FASTRefi.
Easy. We handle the process for you.
No extra fees. FASTRefi costs you no more than a standard refinance.
More certainty. Feel confident about when your new loan will be ready.
Trusted. Thousands of people use FASTRefi monthly.

Your guide to FASTRefi (PDF 1MB)

How does FASTRefi work?

Here's a summary of our FASTRefi process:

Step 1 – apply

Apply for your home loan as normal.
Your BankSA lender calculates your estimated payout: they'll let you know if you qualify for FASTRefi.

Step 2 – sign your loan documents

Once you’ve returned your signed BankSA loan documents and shown evidence of your current balance, relax – your work is done!

Step 3 – we'll open your BankSA loan

We'll send the funds electronically to your other lender, paying out your old loan – your BankSA loan is ready.
You may be charged an additional settlement agent fee by your old lender (ANZ, CBA, Citibank, NAB and Westpac tend not to charge this fee).

Step 4 – we'll settle your old loan

After settlement, we'll complete the recovery of your title and registration.
Any leftover buffer is refunded to you. Or if there's a shortfall, you'll need to cover it.

Your guide to FASTRefi (PDF 1MB)

Do I qualify for FASTRefi?

FASTRefi is available with most of our residential variable and fixed interest rate home loans, and investment property loans.

A BankSA lender will let you know if your loan qualifies for FASTRefi – just apply online in as little as 20 minutes, and they’ll follow up with a call.

What if my home loan isn’t eligible?

Don’t worry, your BankSA home loan’s well worth waiting for – and we’ll do our very best to fast-track settlement using our standard refinance process. Switching to our fixed home loan? Our rate-lock option lets you lock in your rate at the time your loan is approved.

Our Home Loans

We offer a range of mortgages to suit your needs with competitive interest rates.

Find your home loan

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Calculators & rates

Request a call back

A BankSA home loan expert will call you back.

Find a lender

Find your nearest branch or mobile lender.

Important information

Conditions, fees and credit criteria apply.

Based on BankSA 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:

Residential Loan Agreement – General Terms and Conditions (PDF 439KB)

Portfolio Loan Agreement - General Terms and Conditions (PDF 775KB)

Loan Accounts – Charges for specific services and accounts (PDF 78KB)

Advantage Package - Terms and Conditions (PDF 349KB)

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 13 13 76. Tax consequences may arise from promotions for investors and customers should seek independent advice on any taxation matters.

Rate Lock: BankSA 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 fixed rate - lock-in 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 fixed rate - lock-in 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.

^*Comparison Rate: 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 example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

^#Advantage Package Terms & Conditions (PDF 349KB) apply. A $395 annual package fee applies and is payable from a BankSA Complete Freedom transaction account. Before deciding to open a BankSA Complete Freedom account, read the Terms & Conditions, and consider if the account’s right for you.

⁺LVR stands for the initial loan to value ratio at loan approval. LVR is the amount of your loan compared to the banks valuation of your property offered to secure your loan expressed as a percentage. Home loan rates for new loans are set based on the initial LVR and don’t change because of changes to the LVR during the life of the loan. Any applicable LVR discount has been included in the advertised eligible rate.

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