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

How does our relocation loan work?

If you're buying a new home,

a relocation loan could help you pay for the deposit, stamp duty and removalist costs on a new property (as well as the purchase price on settlement). You have 12 months after you receiving any funds to sell your current home.

If you're building a new home,

you can also use a relocation loan, living in your current home until construction is complete. You have 12 months after your first advance to build your new home, and sell the existing home.

Choose from 2 options...

Option 1.

Standalone Relocation loan

You repay the loan in full when you sell your current home.


No repayments are needed until you sell your home, at which point you repay the Relocation Loan in full. The balance you pay off will include interest, which is capitalised into the loan during the loan term.

Although not required, you can make additional lump sum payments at any time.

Option 2.

Relocation loan combined with a new loan

You partially pay off the loan when you sell your current home, then choose from a range of BankSA home loans for the remaining balance.


No repayments are needed until you sell your home, at which point the Relocation loan is partially paid off by the proceeds from the sale of your existing home. You will then begin to make repayments on the remaining balance.

You can make additional payments at any time.

Tell me more

Owner occupier

  • 5.14% p.a

    With Interest Only repayments


  • 5.31% p.a

    Comparison rate*



  • $600 Establishment fee1 (with end loan)
  • $1350 Establishment fee1 (without end loan)
  • $10 Monthly administration fee

Tools & research

Property market research

Discover what you need to know about the property trends in your suburbs or the estimated value of a property you're looking to buy.

Explore more

The detail

Residential Loan Agreement

General Terms and Conditions

Find out more

Loan Accounts

Charges for specific services and accounts.

Find out more

Important information

Credit criteria, fees and charges apply. Based on BankSA's credit criteria, residential lending is not available for Non-Australian Resident borrowers. Before making a decision, please read terms and conditions and ensure you're aware of all fees and charges. 

Residential Loan Agreement – General Terms and Conditions (PDF 398KB)

Loan Accounts – Charges for specific services and accounts (PDF 105KB)

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.

1Advantage 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.

*Comparison Rate: The comparison rate is based on a loan of $150,000 over a term of 25 years. 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.