Skip to main content Skip to accessibility page Skip to search input

Standard Variable Rate Home Loan

Flexibility and great features with a Standard Variable Rate Home Loan!

For a limited time, save up to % p.a. off our standard variable rate under the Advantage Package for loans of $750,000 or more*

  • Get a competitive variable interest rate without being locked in for a set term
  • Flexible repayment options
  • Full interest offset facility to help you save interest on your home loan
  • Request to redraw funds from your extra payments, when you need it1
  • Perfect for buying a home, building or buying vacant land.

Competitive interest rate

Get a competitive variable interest rate.

Choice of loan term & repayments

Choice of term up to 30 years for principal and interest repayments or up to 5 years for interest only repayments on Owner Occupier## loans and up to 15 years for interest only repayments on Residential Investment### loans

Package and save!

You could get discounted interest rates and fees with a Fixed Rate Home Loan as part of your BankSA Advantage Package – a package deal for your home loan, credit card and transaction account.

For properties, vacant land or building

Available for property or vacant land purchase, and for building.

Great features!

Features include full interest offset, redraw, repayment pause and more!

Compare

Discover your borrowing power!

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

  • $6002

      or

Monthly administration fee

  • $10

      or

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

Interest Rates

Residential Investment Home Loans

This includes investment loan applications where the principal property securing the loan will be used to derive rental income or where the loan application purpose is to invest in real estate or to construct or make property improvements to an investment.

For our Residential Investment Home Loan interest rates with Interest Only repayments, please see Residential Investment (Interest Only) Home Loan Interest Rates.pdf.

For our Residential Investment Home Loan interest rates with Principal and Interest repayments, please see Residential Investment (Principal & Interest) Home Loan Interest Rates.pdf.

 

Owner Occupier## Home Loans

For our Owner Occupier Home Loan interest rates with Interest Only repayments, please see Owner Occupier (Interest Only) Home Loan Interest Rates.pdf.

For our Owner Occupier Home Loan interest rates with Principal and Interest repayments, please see interest rates below

Balances Standard Variable Rate for Owner Occupier - Principal & Interest Comparison rate1
All Balances % p.a. % p.a.

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

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

 

Balances Advantage Package* Limited Time Special Discount# Standard Variable Rate – Principal & Interest with Advantage Package* Limited Time Special Discount# Comparison rate
$150,000 - $249,999 % p.a. % p.a. % p.a.
$250,000 - $499,999 % p.a. % p.a. % p.a.
$500,000 - $749,999       % p.a. % p.a. % p.a.
$750,000+                        % p.a. % p.a. % p.a.

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

Balances Standard Advantage Package* Discount Standard Variable Rate - Principal & Interest with Advantage Package* Comparison rate1
$100,000 - $149,999 % p.a. % p.a. % p.a.
$150,000 - $249,999 % p.a. % p.a. % p.a.
$250,000 - $499,999 % p.a. % p.a. % p.a.
$500,000 - $749,999 % p.a. % p.a. % p.a.
$750,000 - $999,999 % p.a. % p.a. % p.a.
$1 Million + % p.a. % p.a. % p.a.

Repayment options for Standard Variable Rate Home Loans

Frequency

Choose either:

  • Principal and interest repayments for up to 30 years, or
  • Interest only repayments for up to 5 years for Owner Occupier## home loans and 15 years for Residential Investment### home loans

Weekly

Fortnightly

Monthly

Loans with Principal and interest repayments

yes

yes

yes

Loans with Interest only repayments

no

no

yes

Additional payments

  • Make additional payments at any time at no cost
  • Calculate what you could save by making extra payments.

Automatic repayments

  • Set up convenient automatic repayments from your nominated BankSA bank account

Choose the features you need

Package and save!

You could get special interest rate and fee discounts and more with Advantage Package - an all-inclusive home loan, credit card and transaction account package3

Full interest offset

With our full interest offset facility for a variable loan, you could save on interest by offsetting the funds in your linked transaction account against the balance of your loan.

Redraw

Family Pledge

With Family Pledge you can reduce or even avoid paying Lender’s Mortgage Insurance when a parent or family member guarantees part of your home loan by using his or her own home's equity to provide additional security for a portion of your loan amount.

Consider splitting your loan

Repayment Pause

Reduce or pause your repayments for 3 to 12 months when you have a legitimate period of leave from the workforce1

Deposit Protect Bond

  • Use a Deposit Protect Bond6 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. Conditions and fees apply. BankSA, a division of Westpac Banking Corporation ABN 33 007 457 141 AFSL 233714 issues the products on this website. 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 Monday to Saturday 7.30am - 7.30pm.

## Excludes Investment loan applications where the principal property securing the loan will be used to derive rental income or where the loan application purpose is to invest in real estate or to construct or make property improvements to an investment property. 

### Excludes loan applications for owner occupier purposes (where the owner owns the property in which they live or intend to live in). Includes Investment loan applications where the principal property securing the loan will be used to derive rental income or where the loan application purpose is to invest in real estate or to construct or make property improvements to an investment property. Refer to info.banksa.com.au/homeloans or call us for more information on current offers available.

1. Redraw and repayment pause requests are subject to our approval. Fees apply.
2. Other upfront fees and costs may apply.
3. 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.
4. 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.
5. Lender's Mortgage Insurance is generally payable on loans exceeding 80% of the value of your property.
6. BankSA Deposit Protect Bonds are guaranteed by Westpac Banking Corporation ABN 33 007 457 141 AFSL 233714 and are distributed by BankSA – A Division of Westpac Banking Corporation. Before applying for this product, you should consider the Product Disclosure Statement (PDS) to see if it’s right for you.

* Credit criteria fees and charges apply. Terms and conditions are available on request. This offer is available for applications received from 5 March 2014 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 between $500,000 and $749,999, % p.a. discount. For loans greater than $750,000, % 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/advantage-package.

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).