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Consolidating your debts

Take back control of your debts. One frequent repayment, one interest rate, one less worry.
Life can be challenging when you have multiple debts, like credit cards and personal loans creeping up on you.

Are you...

Juggling multiple debts, interest rates and payment frequencies?

Struggling

Struggling with unmanageable repayment amounts?

Struggling

Sick and tired of juggling multiple repayments?

Struggling

 

We could help

Debt consolidation may help you manage your repayments. One simple to manage unsecured personal loan, with one frequent repayment and one interest rate.

 We offer loan terms from 1 to 7 years for variable interest rate loans and from 1 to 5 years for fixed interest rate loans to help to create more manageable repayments.

 Choose how often you pay, weekly, fortnightly or monthly

 Our instalments pay both the interest and principal so you can watch your debt decrease after each payment, working towards your loan end date.

Unsecured Personal Loan features

 

One loan, one recurrent repayment, one interest rate

Borrow from $2,000 to $50,000

Apply online - usually takes less than 10 minutes1

Unsecured Personal Loan Variable Rate option Fixed Rate option
Interest rate 8.89% p.a. to 18.90% p.a. 6.89% p.a. to 18.90% p.a
Comparison rate^ 9.99% p.a. to 19.93% p.a. 8.01% p.a. to 19.93% p.a.
Loan term 1 to 7 years 1 to 5 years
Establishment fee $195 $195
Monthly administration fee $12 $12
Flexibility to pay off the loan sooner##    
Convenient redraw facility^^    
Other Fees and Charges Personal Loan Fees and Charges  
Interest rates Unsecured Personal Loan interest rates  

Important information

Terms and Conditions

Fees and Charges

Internet Phone Banking Terms and Conditions

Any advice on this website is general in nature and has been prepared without considering your objectives, financial situation or needs. Please read the product disclaimer and Terms and Conditions documents and consider your individual circumstances before applying for a BankSA Personal Loan. Credit criteria, fees, charges, terms and conditions apply. Information correct as of 18 June 2021. Interest rates are subject to change.

Our standard variable rate for unsecured variable rate loans is 12.99% p.a. (comparison rate 14.06%). The rate for some customers is based on personalised pricing. The final rate you’re offered may be lower or higher than 12.99% p.a. (comparison rate 14.06% p.a.), depending on your personal financial circumstances.

^Comparison rates: Comparison rates help you understand the true cost of a loan. All comparison rate examples shown are for a personal loan amount of $30,000 and a term of 5 years. WARNING: Comparison rates apply only to the example or examples given and may not include all fees and charges. Different loan amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.

Unsecured Personal Loan repayment terms range from 1 to 5 years for a fixed rate loan and 1 to 7 years for a variable rate loan. Interest rate ranges and representative examples are based on an unsecured loan of $30,000 borrowed for 5 years:

  • The minimum interest rate for an unsecured fixed rate loan is 6.89% p.a. (Comparison rate 8.01% p.a.) with the estimated total amount payable including fees is $36,500.
  • The maximum interest rate for an unsecured fixed rate loan is 18.90% p.a. (Comparison rate 19.93% p.a.) with the estimated total amount payable including fees is $47,617.
  • The minimum interest rate for an unsecured variable rate loan is  8.89% p.a. (Comparison rate 9.99% p.a.) with the estimated total amount payable including fees is $38,231.
  • The maximum interest rate for an unsecured variable rate loan is 18.90% p.a. (comparison rate 19.93% p.a.). The estimated total amount payable including fees is $47,617.

^^A Redraw facility is available on variable interest rate loans only. Redraw requests are subject to approval. Minimum redraw amount is $500 and a $0 redraw fee applies to each approved request. Other fees and charges may apply.

##Break costs are an amount equal to the Bank's reasonable estimate of its loss due to breaking the fixed rate period of the loan. Full details of costs refer to Loan Account Fees and Charges document.

About our 'personalised' rates: The rate for some customers is based on personalised pricing. Instead of a one-size-fits-all approach, personalised pricing allows us to offer more people personal loans at a better rate, based on an assessment of credit history as well as the information provided in the application.

Unless otherwise specified, the products and services described on this website are available only in Australia from BankSA - A Division of Westpac Banking Corporation ABN 33 007 457 141 AFSL and Australian credit licence 233714.