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Why choose our Standard Variable Rate Home Loan?

Flexibility

Make unlimited additional repayments to pay off your loan sooner, with no break costs to pay in the event of early repayment.

Offset account

Full interest offset facility to help you save on interest on your home.

Redraw

Redraw funds from any extra payments you have made, when you need it2.

Option to split your loan

Make part of your loan a fixed interest rate and part a variable interest rate.

Family Pledge

You could use the equity in a family member's home to guarantee part of your home loan. Learn more

Take a break from repayments

You may be able to pause or reduce your repayments for a set period (keep in mind after the break your repayments may be higher for the rest of your loan term).2

New Owner Occupier Loans

  • 3.99% p.a

    Standard Variable Rate
    with Advantage Package.1
    Principal & Interest repayments.4
    LVR+ above 60% up to 80%

  • 4.39% p.a

    Comparison rate*

New Residential Investment Loans

  • 4.56% p.a Standard Variable Rate
    with Advantage Package1
    Principal & Interest repayments.4
    LVR+ above 60% up to 80%
  • 4.95% p.a

    Comparison rate*

Fees

  • $600 Lending establishment fee3
  • $8 Monthly loan account fee
  • OR
  • $0 with Advantage Package1

Get 4K cashback when you refinance


$4K

Cashback^ When you Refinance


Apply by 31st July 2022, and settle by 31st October 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 $4K cashback offer available per primary applicant within a 12 month period. Excludes refinances from within Westpac Group.^ 

 

FAQs

$4,000 Refinance Cashback per primary applicant for applications received between 8th December 2021 - 31st July 2022 and settled by 31st October 2022. Limit of one $4,000 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 $4,000 cashback offer, tax consequences may arise for investors and you should seek independent advice.

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 and options for principal and interest or interest only repayments.

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 13 13 76.

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.

  1. Advantage Package Terms & Conditions (PDF 349KB) apply. A $395 annual package fee applies and is payable from a BankSA Complete Freedom transaction account. Before deciding to open a BankSA Complete Freedom account, read the Terms & Conditions, and consider if the account’s right for you. 

  2. Redraw and repayment reduction are subject to bank approval. 

  3. Other upfront fees and costs may apply

  4. Rate includes 1.31% p.a. Standard Advantage Package discount, applicable for loans with total borrowing amounts above $100,000. 
^How does the refinance cashback offer work: Conditions, credit criteria, fees, charges, eligibility criteria and exclusions apply. Apply between 8th December 2021 to 31st July 2022 and settle by 31st October 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 $4,000 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, 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. 

+LVR stands for the initial loan to value ratio at loan approval. LVR is the amount of your loan compared to the banks valuation of your property offered to secure your loan expressed as a percentage. Home loan rates for new loans are set based on the initial LVR and don’t change because of changes to the LVR during the life of the loan. Any applicable LVR discount has been included in the advertised eligible rate.