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Switch between fixed and variable interest rates

When you apply for your home loan, one of your key decisions is to choose a fixed interest rate, a variable interest rate, or a combination of both. Throughout the life of your home loan, you’ll have the opportunity to switch between a fixed or variable interest rate, or to switch to a split rate home loan.


Each type of loan offers benefits, so you’ll need to choose what suits your individual situation and your outlook on interest rate movements. We’ll help you with a home loan switch when you decide you’re ready to make a change.

Calculate the benefits of having a split loan


Thinking about switching? Want some advice?

Talk to an expert
Speak to one of our home loan experts on 13 13 76 to learn about ways that we can help you manage your finances, including switch between fixed and variable rates.
Request a call back
A BankSA home loan expert will call you back at a time that suits you, Monday to Saturday. Request a call back
Visit a branch
You can also drop by a BankSA branch to apply.

Important information

The information on our website is prepared without knowing your personal financial circumstances. Before you act on this or any advice, please consider if it’s right for you. If you need help, call 13 13 76.

1 Rate lock requests are subject to our approval. Fees apply.

2 Redraw requests are subject to our approval. Fees apply. For fixed interest rate loan redraws only available for loans fixed after 30 November 2009 (up to a maximum of $10,000 or break costs may be payable).

3 Where a fixed rate term applies, after the fixed rate period expires, the interest rate will revert to the applicable standard variable rate for the loan category and repayment type.