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Relocation Loan

  • A Relocation Home Loan removes the stress of timing the sale of your existing property with the purchase of your new property
  • You have a 6 months to build your new home and a further 6 months to sell your existing property1
  • Use a Relocation Loan to pay for the deposit on the new property and then borrow the balance at settlement, plus additional expenses like stamp duty and removalist costs
  • A great alternative to bridging finance, which can be expensive, with a competitive interest rate
Avoid the burden of expensive bridging finance with a Relocation Home Loan

A BankSA home loan expert will contact you at your preferred time

Two options – with or without an 'end loan'

  • A Relocation Loan with NO end loan – your loan is paid out in full when you sell your existing property
  • A Relocation Loan with an end loan – choose from a range of BankSA home loans once your Relocation Loan period ends when you sell your existing property. With this option, you will have 2 home loans to cover the:

1. Relocation Loan period and

2. Remaining end loan that you have chosen after your Relocation Loan period ends.

Competitive interest rate


  • For owner occupiers and investors buying a property, contract building, or buying land to build (building must be completed within 6 months)1
  • Not available for uses including owner building, vacant land or extended settlement loan


Repayments depend on the type of loan

  • A Relocation Loan with NO end loan - No repayments are needed and interest is capitalised until the end of the Relocation Loan period. You then repay that the Relocation Loan in full when you sell your home.
  • A Relocation Loan with an end loan - Make repayments only on the remaining end loan that you have chosen after your existing property is sold and the proceeds of which have been used to pay down the original Relocation Loan.

Loan Term

  • Relocation Period for non-building loans - the sale and settlement of your existing property must be completed on or before the date which is 6 months after the date of the first advance under the Relocation Loan
  • Relocation Period for building loans - 12 months in total: 6 months to sell your existing home and an additional 6 months to build your new home1

Live in your existing home

For building loans, you can live in your existing home while your new home is being built.

Great features!

Features on a Relocation Loan with end loan include Interest offset, redraw and more!



Relocation Loan
with end loan

Relocation Loan
with no end loan

Establishment fee



Monthly administration fee


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

Owner occupier interest rates

Term Annual Rate   Comparison rate1
Interest only
With end loan 5.80% p.a. 5.96% p.a.
Without end loan 5.80% p.a. 6.02% p.a.

Residential investment interest rates

Term Annual rate Comparison rate1
Interest only
With end loan 6.32% p.a. 6.48% p.a.
Without end loan 6.32% p.a. 6.54% p.a.

Repayment options

Relocation Loan
with end loan

Relocation Loan
with no end loan


Interest is capitalised and no repayments are required on the Relocation Loan which will be repaid, in part by the proceeds of sale of your existing property and in part, by your end loan.

On your end loan, choose to pay interest only or principal and interest. For principal and interest, you can choose to pay weekly, fortnightly or monthly, or make monthly repayments for interest only loans.

No repayments required during the Relocation Loan period.

Interest is capitalised and you pay the loan in full upon sale and settlement of your existing property.

Automatic repayments

Set up convenient automatic repayments from your nominated account

Not applicable

Additional payments

Additional payments can be made at any time

While payments are not required, you can make lump sum payments at any time

Choose the features you need
On a Relocation Loan (end loan or no end loan option)

On a BankSA end loan:

Deposit Protect Bond

  • 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

Package and save!

You could get special interest rate discounts and more with Advantage Package – an all-inclusive home loan, credit card and transaction account package4

Consider splitting your end loan

Make part of your loan a fixed interest rate, and part an interest variable rate with Flexible Choice. Note: Flexible choice is available for the end loan only.

Calculate how a split loan can work for you

Full interest offset

We have a range of interest offset facilities available, depending on the product chosen for the end loan. You could save interest by offsetting the funds in your linked transaction account against the balance of your loan.


  • Get access to the extra payments you make on your end loan by requesting a redraw5 Redraw isn’t available on the Relocation Loan portion.
  • You could save on redraw fees5 by making your request over the phone or via Internet Banking6

Increase your loan amount

Call us on 13 13 76 or visit any BankSA branch

Apply online

Apply now. It takes just 10 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

Find out what information you need to provide to become a customer


How to apply

Important information

Conditions, fees and credit criteria apply.

View 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 13 13 76.

## 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. 

1. Building must be completed within 6 months of the date of the first advance under Relocation Loan. The sale of the existing property must be settled on or before 6 months after the date of the final progress payment - a total maximum relocation period of 12 months.  

2. Other upfront fees and costs may apply.

3. 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.

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

5. Redraw requests are subject to our approval. Fees apply. For fixed rate loans, redraw is only available for loans fixed on or after 30 November 2009 up to a maximum of $10,000 or break costs may apply.

6. Subject to systems availability.