Standard Variable Rate Home Loan
Limited time offer:
- Save up to 0.90 % 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
- 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.
A BankSA home loan expert will contact you at your preferred time.
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 10 years for interest only repayments on Residential Investment### loans |
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 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! |
Discover your borrowing power! |
Save when you package your home loan, selected credit card and transaction account with Advantage Package, an annual package fee of $395 applies. |
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Establishment fee |
or
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Monthly administration fee |
or
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Other fees and charges apply. See a complete list of fees for loan accounts.
Owner occupier interest rates
| Balances | Standard Variable Rate | Comparison rate1 |
|---|---|---|
| Principal & Interest | ||
| All balances | 5.29% p.a. | 5.46% p.a. |
| Interest only | ||
| All balances |
5.49% p.a. | 5.66% p.a. |
Residential investment interest rates
| Balances | Standard Variable Rate | Comparison rate1 |
|---|---|---|
| Principal & Interest | ||
| All balances | 5.78% p.a. | 5.94% p.a. |
| Interest only | ||
| All balances |
5.98% p.a. | 6.14% 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 10 years for Residential Investment### home loans
Weekly |
Fortnightly |
Monthly |
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|---|---|---|---|
Loans with Principal and interest repayments |
yes |
yes |
yes |
Loans with Interest only repayments |
no |
no |
yes |
Learn more:
Additional payments |
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Automatic repayments |
Set up convenient automatic repayments from your nominated BankSA bank account. |
Provides interest rates discounts, fee reductions or waivers, discounts on home/investment loans as well as other useful day to day banking products like transaction accounts, transaction accounts, credit cards, insurance and wealth management products. |
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An interest offset account is a transaction account linked to a home loan which reduces the interest charged on the home loan. No credit interest will be earned on the balance in the linked transaction account. |
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Pay off your loan earlier and pay less interest by making additional repayments. You have same day access to redraw your extra repayments (no fee applies). Redraw fee may apply depending on the product (and/or means by which the redraw is made). Any party to the loan can access the available redraw amount. The bank has a discretion to suspend redraws. Limits apply to extra repayments. |
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Uses the equity in a family member’s home to reduce or eliminate the need for lenders mortgage insurance. The value of the pledge is limited to the amount needed (when combined with your deposit) so that it equals 20% of the value of the property being purchased. Legal advice is required for the family pledge guarantor. |
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Consider splitting your loan |
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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). |
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 |
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 |
Find out what information you need to provide to become a customer |
Tips |
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How to apply
Important information
Conditions, fees and credit criteria apply. Before making a decision, it’s best to read the terms and conditions:
- Residential Loan Agreement - General Terms and Conditions
- Loan Accounts - Charges for specific services and accounts
- Portfolio Loan Agreement - General 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).