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Portfolio Loan

Use the equity in your home to make other investments and build assets
For a limited time, save % p.a. off our standard variable rate with Advantage Package for loans of $500,000 or more.*
  • Flexible repayment options
  • Portfolio Loan is a flexible line of credit that combines your personal and investment finances into one home loan
  • Create up to 10 sub-accounts2 under your Portfolio Loan to suit your investment and lifestyle needs
  • Apply to borrow up to 90% of your home's value to make other investments and build assets - such as shares, investment properties or even a new car1
  • Deposit your income directly into your Portfolio Loan, so every dollar will work to save you interest

Flexible loan to build wealth

A flexible line of credit, where you could borrow up to 90% of the value of your secured property1 to purchase your home and make other investments.

Package and save!

You could get discounted interest rates and fees with BankSA Advantage Package - a package deal for your home loan, credit card and transaction account5.

10 sub-accounts

Open up to 10 sub-accounts2 for your investment or lifestyle needs (e.g. 1 for an investment property, 1 for shares etc). Use different ownership structures to help you manage tax and finances. Each sub-account issues separate monthly statements.

Choice of fixed or variable interest rates

Your primary sub-account is always at the Portfolio Loan variable interest rate, with your choice of a fixed or variable interest rate for all other sub-accounts.

Loan term & repayments

  • Portfolio Loan is an ongoing line of credit, with no set repayment term and flexible repayments
  • Choose to pay as often as you like, but at least monthly
  • Interest applies only to the outstanding balance.

Great features!

Features include 24/7 access to your funds via ATMs, EFTPOS, Internet and Phone Banking3, rate lock, Visa Debit card and more!

Compare

Fees

Save when you package your home loan, selected credit card and transaction account with Advantage Package, an annual package fee of $395 applies.

Establishment fee

  • $7004

Or

Additional sub-account fee

$100 per additional sub-account

Your choice of a monthly account administration fee or an annual fee

Monthly fee

Or

Annual fee

  • $200 per annum for all sub-accounts

Other fees and charges apply. See a complete list of fees for loan accounts.

Interest Rates

Balances

Variable Rate

All Balances

% p.a.

Get an Advantage Package* special discount on Balances $150,000+

Balances

Advantage Package* Limited Time Special Discount

Standard Variable Rate with Advantage Package* Limited Time Special Discount

$150,000-$249,999

% p.a.

% p.a.

$250,000-$499,999

% p.a.

% p.a.

$500,000 - $749,999       

% p.a.

% p.a.

$750,000+                       

% p.a.

% p.a.

Get an Advantage Package* discount on Balances $100,000+

Balances

Standard Advantage Package* Discount

Standard Variable Rate with Advantage Package*

$100,000 - $149,999

% p.a.

% p.a.

$150,000 - $249,999

% p.a.

% p.a.

$250,000 - $499,999

% p.a.

% p.a.

$500,000 - $749,999

% p.a.

% p.a.

$750,000 - $999,999

% p.a.

% p.a.

$1 Million +

% p.a.

% p.a.


Portfolio Loan Fixed Rate sub-accounts

Term
Annual rate Advantage Package* Discount Fixed Rate with Advantage Package*
1 year fixed

4.79% p.a.

0.15%
4.64% p.a.
2 year fixed 4.04% p.a. 0.15% 3.89% p.a.
3 year fixed 4.14% p.a. 0.15% 3.99% p.a.
4 year fixed 4.99% p.a. 0.15% 4.84% p.a.
5 year fixed 4.24% p.a. 0.15% 4.09% p.a.

All the features you need

Repayments

  • Frequency
    • Choose to pay as often as you like, but at least monthly
    • Interest applies only to the outstanding balance.
  • Additional payments

Package and save!

You could get interest rate and fee discounts with Advantage Package - an all-inclusive home loan, credit card and transaction account package.6

24/7 access to funds

At ATMs, EFTPOS, Phone, Mobile Banking and Internet Banking3

Use up to 10 sub-accounts to build your wealth

  • Open up to 10 sub-accounts to suit your investment and lifestyle needs
  • Your primary sub-account must be on a variable interest rate and all other sub-accounts may be on a fixed or variable interest rate
  • All sub-accounts can be used for an investment property or investing in shares
  • Sub-accounts may have different ownership structures to help you manage your tax and finances, but a sub-account holder must be one or more of the Portfolio Loan borrowers and any remaining borrowers must be guarantors to that sub-account
  • Calculate how a Portfolio Loan can help you build your wealth.

Easy reporting

Separate monthly statements for each sub-account to make managing investments easy.

Increase your loan amount

Call us on 13 13 76 or visit any BankSA branch

Choice of fixed or variable interest rates

  • Your primary sub-account is always at the variable interest rate
  • Choose a fixed or variable interest rate for all other sub-accounts. Fixed rates are for 1,2,3,4 or 5 years.

Lock in a fixed rate

Rate lock lets you secure an advertised Fixed Rate on fixed rate sub-accounts for up to 90 days before your Portfolio Loan settles or the interest rate period on your current BankSA home loan ends7.

Visa Debit Card

Link a Visa Debit card to your Portfolio Loan and shop securely wherever your Visa Debit card is accepted using money from your Portfolio Loan8.

Deposit Protect Bond move to end

  • Use a Deposit Protect Bond instead of paying a cash deposit immediately, and keep earning interest on your deposit money right up until settlement
  • Also ideal when using equity in an existing property to finance your purchase.

Apply online

Apply now. It takes just 15 minutes!

Enquire online

Enquire now and a BankSA home loan expert will call at your preferred time

Call us

13 13 76. To talk with a BankSA home loan expert, say “New Mortgage” when prompted.

Visit a branch

Find your nearest branch

What you’ll need to apply

Tips

How to apply

Important information

Conditions, fees and credit criteria apply.

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

Your welcome letter, which contains the loan offer and other information such as interest rates and fees.

Please read these documents and keep a copy. You can request a paper copy at a branch.

The advice 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. Property value as determined by BankSA. Generally, Lender's Mortgage Insurance is required on loans above 80% of the value of the property offered as security.

2. A sub-account holder must be one or more of the Portfolio Loan borrowers. The remaining borrowers on the Portfolio Loan must be guarantors on that sub account. Any Portfolio Loan borrower who is not a sub-account holder of a particular sub-account must guarantee that sub-account.

3. Subject to systems availability.

4. Other upfront fees and costs may apply.

5. The comparison rate is based on a loan of $150,000 over a 25 year term. After the first year the interest rate will revert to the applicable Standard Variable Rate unless the customer chooses to switch to a Fixed Rate Home Loan. 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.

6. Advantage Package annual fee of $395 applies, other fees may be payable. The fee savings apply for the duration of the package. Contact BankSA to see if you are eligible to receive Advantage Package benefits.

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

* Credit criteria fees and charges apply. Terms and conditions are available on request. This offer is available for applications received from 1 July 2013 for a limited time only on applications received under the Advantage Package. Offer is not available for loan refinances of existing St.George home loans, BankSA, and Bank of Melbourne home loans. Advantage Package Conditions of Use apply and are available upon request. Advantage Package annual fee, currently $395, is payable from an eligible BankSA transactional account.

Special interest rate discounts: In addition to the conditions set out above, the following interest rate discounts are only available in Advantage Package for Standard Variable Rate Loans and Portfolio Variable Rate Loans and for the following loan amounts: Loans between $150,000 and $249,999, % p.a. discount, for loans between $250,000 and $499,999, % p.a. discount. For loans greater than $500,000, % p.a. discount will be applied. Special rate discounts include the standard Advantage Package discount of % p.a. discount and do not apply to internal refinances and are not transferrable between loans. If you apply outside of the offer period, standard Advantage Package discounts will apply which are available at http://www.banksa.com.au/personal/home-loans/our-home-loans/popular/standard-variable-rate.

There may be tax consequences arising from this promotion for our business customers and rental property investors. This is not taxation advice. Customers should seek independent taxation advice on any taxation matters.

BankSA – A Division of Westpac Banking Corporation ABN 33 007 457 141 AFSL and Australian credit licence 233714. (03/12)