Your guide to home loan lingo
There can be heaps to get your head around when it comes to home loans, so we’ve created these handy animations to help you understand the lingo.
A guide to Loan-to-Value Ratio
LVR compares your loan amount to our property valuation: the larger your deposit, the lower your LVR %, and the less likely you’ll need Lenders Mortgage Insurance.
A guide to Lenders Mortgage Insurance
An insurance policy that covers us if you fail to repay your loan, LMI can help you buy your home sooner if you haven't yet reached a 20% deposit.
A guide to Offset Accounts
Learn how linking a 100% offset transaction account to your home loan could help reduce your interest payable on your home loan.
Got questions? Just ask.
Call us on 13 13 76 to talk with a BankSA home loan expert.
Know a bit more before applying
What's next?
Looking to buy your first home or do you want to know about refinancing?
The money side
Get an idea of your borrowing power, monthly repayments and upfront costs.
Important information
Credit criteria, fees and charges apply. Based on BankSA’s credit criteria, residential lending is not available for Non-Australian resident borrowers. Interest rates subject to change
Before making a decision, it’s best to read the terms and conditions:
- Residential Loan Agreement – General Terms and Conditions (PDF 1MB)
- Loan Accounts – Charges for specific services and accounts (PDF 105KB)
- Advantage Package - Terms and Conditions (PDF 336KB)
Please read these documents and keep a copy. You can request a paper copy at a branch.
This information is general in nature and has been prepared without taking your objectives, needs and overall financial situation into account. For this reason, you should consider the appropriateness of the information to your own circumstances and, if necessary, seek appropriate professional advice.
Advantage Package Terms and Conditions apply. A $395 annual package fee applies and is payable from an eligible BankSA transaction account. 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.
The information 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.
Tax consequences may arise from offers and promotions for investors and customers should seek independent advice on any taxation matters.