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Why choose our Fixed Rate Home Loan?

Flexible repayments

Choose to make your repayments weekly, fortnightly or monthly5.

Lock in a fixed rate

Lock in your fixed rate when you apply, so if rates rise before you settle, you won’t be affected (fees apply)1.

Interest in advance

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.

Package and save

Package your home loan, credit card and transaction account for a home loan interest rate discount and fee waivers4, for a $395 annual package fee. Unavailable on Basic Home Loans.

Family Pledge

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

At the end of your fixed rate period

Choose to re-fix your interest rate for another fixed rate period or let it revert automatically to our standard variable interest rate3.

 

Fixed Rate Home Loan

For Owner Occupier (Principal & Interest) packaged4 home loans, $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.

 

2.29% p.a.
1 year fixed rate
3.57% p.a.
Comparison rate*
2.29% p.a.
2 year fixed rate
3.50% p.a.
Comparison rate*
2.79% p.a.
3 year fixed rate
3.55% p.a.
Comparison rate*
2.99% p.a.
4 year fixed rate
3.58% p.a.
Comparison rate*
3.19% p.a.
5 year fixed rate
3.64% p.a.
Comparison rate*

Fees

 
$0 lending establishment fee6
$0 Loan account fee
$395 with Advantage Package4
0.15% Fixed rate - lock-in fee (minimum fee amount $500)

What is Rate Lock and how do I apply?

With the Rate Lock feature, you can lock in the current fixed interest rate at the time of your loan approval. This way, for a fee, you are protected from the possibility of rising interest rates. If the current rate falls below your 'locked in’ rate on your settlement date, you'll be given the lower rate. Rate Lock will hold the current fixed rate for up to 90 days after you have locked in the rate for a fee of 0.15% of the loan amount (minimum fee amount $500). Once approved, you will need to pay the fixed rate - lock-in fee before drawdown of their loan.

To apply for the Rate Lock feature, you can speak directly with your Home Finance Manager or Broker.

Get 3K cashback when you refinance


$3K

Cashback^ When you Refinance


Apply by 28th February 2022, and settle by 31st May 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 $3K cashback offer available per primary applicant within a 12 month period. Excludes refinances from within Westpac Group.^ 

 

FAQs

$3,000 Refinance Cashback per primary applicant for applications received between 1st December 2021 - 28th February 2022 and settled by 31st May 2022. Limit of one $3,000 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 $3,000 cashback offer, tax consequences may arise for investors and you should seek independent advice.

Start your application online

Learn how much you could borrow.
It should only take around 20 minutes to apply.

A home loan expert will call you once you have submitted your application to talk through next steps.

Compare our home loans

See at a glance how features differ by product.

Compare our home loans

Home loan interest rates

View our latest interest rates for a range of BankSA home loans to suit your needs. Compare our variable and fixed interest rates for owner occupiers and investors.

View interest rates


Important information

Conditions, fees and credit criteria apply.

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

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.

1Rate 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.

Fixed rate home loan: BankSA will apply the fixed rate that is available at the loan settlement date or the date the fixed rate period commences. At the end of the fixed rate period the interest rate will convert to the applicable variable home loan interest rate.

2A discount of 0.2% p.a. will apply only if the interest in advance amount is deducted from a BankSA transaction account.

3If at any time before the end of a fixed rate period you switch to another product, interest rate (fixed or variable) or repayment type, then a break cost fee may apply. Switch break costs are explained in the Things You Should Know About Break Costs (PDF 78KB).

4Advantage Package Terms and Conditions apply. A $395 annual package fee applies and is payable from an eligible BankSA transaction account. An Advantage Package discount has been included in the advertised eligible rate. The discount and fee savings apply for the duration of the package. Before deciding to acquire a BankSA transaction account, read the terms and conditions, and consider if the product is right for you.

5If 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 78KB).

6Upfront fees and other fees and charges may apply.

*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.

^How does the refinance cashback offer work: Conditions, credit criteria, fees, charges, eligibility criteria and exclusions apply. Apply between 1st December 2021 to 28th February 2022 and settle by 31st May 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 $3,000 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, Portfolio Loans, 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.