Refinance Your Home Loan

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Find out how much you could save by switching to a BankSA home loan

Try the loan comparison calculator Try the loan comparison calculator

Why refinance

Learn about the reasons why you might want to find another home loan.

The costs

Find out what you’ll likely need to spend in addition to the cost of the property.

The process

Find out what you’ll need to do to apply for a loan.

Special offer

$2,000

Refinance Cash back^

Receive $2,000 cash back^{^} when you refinance to a new Owner Occupied, Principal & Interest or Investment home loan under the Advantage Package. $395 annual package fee and a $200k minimum loan size applies. Excludes Portfolio Loans and refinances from within Westpac Group. Applications received from 8 October 2018 and settled by 31 December 2018.

What else do I need to know?

$2,000 Refinance Cash back offer
^For new home loan applications received from 8 October 2018, and settled by 31 December 2018 for refinance purposes under the Advantage Package. Offer current as at 15 October 2018. Offer may be varied or withdrawn at any time. Excludes Portfolio Loans and refinances 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. Advantage Package Terms and Conditions and a $395 annual package fee apply. Offer can be used in conjunction with the new purchase cash back, with maximum one new purchase cash back and one refinance cash back payable per main applicant, and not available in conjunction with any other special offers. 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 cash back will be paid into this account within 60 days after settlement. Tax consequences may arise from this promotion for investors and customers should seek independent advice on any taxation matters.

New owner occupier loans

3.89 p.a 2 year Fixed Rate.
Advantage Package.¹
Principal & Interest repayments.
5.06% p.a Comparison rate²

New investment loans

4.19% p.a 2 year Fixed Rate.
Advantage Package.¹
Principal & Interest repayments.
5.57% p.a
Comparison rate.²

Fees

$600 Establishment Fee³
$10 Monthly administration fee
OR
$0 with Advantage Package¹

Find my rate

Answer a few quick questions to find the right interest rate

View all rates

See all home loan interest rates

Tools

Borrowing power calculator
Compare products

A simple way to apply for a BankSA home loan

Borrowing power

Find out your buying power so you could start house hunting with confidence – we’ll even show you what you could afford to spend on a property and costs involved.

Our lowest rate

We’ll give you our lowest rate upfront, personalised to your buying scenario.

Property valuation

If you’ve found the perfect property (or you’re refinancing), we will complete a real-time bank valuation to give you the confidence we will lend against the property.

Real support

Need help? You can live chat with us to help you complete the application 7 days a week (even outside of business hours).

Talk to us

Enquire online

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

Residential Loan Agreement - General Terms and Conditions (PDF 401KB)

Loan Accounts - Charges for specific services and accounts (PDF 1MB)

Portfolio Loan Agreement - General Terms and Conditions (PDF 6MB)

BankSA Advantage Package - Terms and Conditions (PDF 498KB)

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.

Advantage Package annual fee of currently $395 applies, other fees may be payable. The fee savings apply for the duration of the package.
The comparison rate is based on a loan of $150,000 over a 25 year term. 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.
Other upfront fees and costs may apply.

Credit criteria, fees and charges apply. Property valuation: valuation is valid for 90 days. Your upfront bank valuation assessment may require further valuation assessment if your property does not fit lending guidelines. Personalised rate: variable interest rates are subject to change, the rate discount is valid for 14 days. For fixed rates, discounts are valid for 5 days. Support and live chat: dedicated teams are here to help you 7 days a week. Available 8am-10pm Mon-Fri and 9am-5pm Sat-Sun. BankSA - A Division of Westpac Banking Corporation ABN 33 007 457 141 AFSL and Australian credit licence 233714.

Why refinance?