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How do split home loans work?

A split home loan lets you have your cake and eat it: the certainty of fixed rates and the freedom of variable. 

You can split any portion: enter some loan details below, then move the slider to see what your split repayments could look like.

Help me decide how much to split

Help me choose a loan

Our home loan selector matches options – whether you want a new split loan, or checking your BankSA loan’s still the right fit.

 

Compare interest rates

Fixed and variable. Interest Only and investing. Explore rates and options, based on your situation.

 

Split loan hub

All you need to know on splitting a home loan, like advantages, tips and frequently asked questions.

 

How to apply for a split home loan

 

Start your application online

Apply online for conditional approval or a new split home loan.

  • You could get approval in 1 business day
  • Dedicated lender will support you from application to settlement.

 

Book an appointment

A member of our team will be in touch within 1 business day.

  • They'll answer your questions and guide you through your next steps
  • A lender can start your application for you.

 

Split your existing home loan

Other home loan calculators

Mortgage calculator

Find out how much you may be able to borrow and the potential costs involved in buying a home.

Calculate borrowing power

Home loan repayment calculator

See how much you may need to pay back each week or month.

Calculate repayments

Stamp duty calculator

Work out how much you could pay in stamp duty and other fees.

Calculate stamp duty

Save time, apply online

It should only take around 10-20 min to apply.
 


 

Book an appointment

A member of our team will be in touch.
 


 

Talk with us 
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Important information

Conditions, credit criteria, fees and charges apply.  Based on BankSA’s credit criteria, residential lending is not available for Non-Australian resident borrowers. Interest rates subject to change. Before making a decision, it’s best to read the terms and conditions.

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

Advantage Package - Terms and Conditions (PDF 451KB)

This calculation is not an offer of credit but an estimate only. Your borrowing power amount may be different when you complete a full application and we capture all details relevant to our lending criteria. Our lending criteria and basis upon which we assess what you can afford may change at any time without notice. Before acting on this calculation you should seek professional advice. 

Loans subject to credit criteria. Where the loan to valuation ratio is 80% or above, lender’s mortgage insurance will be required for a fee. Other fees, charges and purchase costs apply. Terms and Conditions available upon application. (Additional funds required for transaction and establishment costs). 

The calculator does not take into account any future refinancing options which may be available. The calculator does not take into account any applicable bank fees. For details on fees and charges, please go to banksa.com.au

The output or result of these calculators:

  • is subject to the assumptions which are subject to change;

  • is prepared without knowing your personal financial circumstances. Before you act on the output of the calculators, please consider if it’s right for you. If you need more information, please call 13 13 76. We recommend that you consult your financial adviser before taking out a loan;

  • does not represent either a quote or pre-qualification for a loan;

  • may not be taken into account if you apply for a loan with us as we will make our own calculations. When assessing ability to service a loan, BankSA may use an interest rate that is higher than the current interest rate for the loan requested.

The interest rates used in the calculator:

  • are current, as indicated on our home loan interest rate pages;

  • are BankSA's standard interest rates and include any package or promotional discounts; and

  • are subject to change.

Not applicable for foreign buyers.

*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.

+LVR stands for the initial loan to value ratio. LVR is the amount of your loan compared to the Bank’s 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 won’t change during the life of the loan as the LVR changes.

#Advantage Package Terms & Conditions (PDF 451KB) 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. 

^Fixed rate home loan: If you make a prepayment beyond the prepayment threshold or change to another repayment type then break costs and fees may apply. Customers can make prepayments of up to the $30,000 prepayment threshold for the entire fixed period without break costs or fees applying. For fixed rate loans taken up prior to 18 August 2019, customers can make prepayments of up to the $10,000 prepayment threshold in each 12 month period without break cost or fees applying. Prepayment break costs are explained in the Things You Should Know About Break Costs (PDF 202KB) (PDF 76KB).


1Break costs: $30,000 prepayment threshold for the entire fixed period without break costs or fees applying. For fixed rate loans taken up prior to 18 August 2019, customers can make prepayments of up to the $10,000 prepayment threshold in each 12 month period without break cost or fees applying. Prepayment break costs are explained in the Things You Should Know About Break Costs (PDF 76KB).