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Unsecured Personal Loan

0 Establishment Fee on Unsecured Personal Loans. Be ready for life’s unexpected expenses and save today with $0 establishment fee*
Whether you want predictable repayments or the flexibility to repay more, you can tailor our Unsecured Personal Loan how you want it.

Apply online and get a response in 60 seconds1

BankSA customers

New customers


Why choose our Unsecured Personal Loan?

Whether you're taking control of your finances, planning a special event, or making a large purchase, our Unsecured Personal Loan may be the right solution. Plus, with the choice of a fixed or variable rate, you can tailor the loan to suit your needs.

  • Borrow between $3,000 and $40,000
  • No need to use your home, car or other assets as security
  • Schedule repayments to suit your personal cash flow: weekly, fortnightly or monthly
  • Choose your term: 1 to 7 years (up to 5 years for a fixed rate loan)
  • Lock in your repayments with a fixed rate loan; or
  • Have the ability to make extra repayments with a variable rate loan2
  • Get it done today with our 10 minute online application1


Special Offer for existing BankSA Customers*

$0 establishment fee when you apply via the BankSA 'Apply now’ button.

The special offer is valid until 28 February 2017.



Variable rate

Flexibility to make extra repayments


Fixed rate

Set repayments for easier budgeting

Compare fixed and variable rate loans

Feature Fixed rate Variable rate
Interest rate % p.a.3 % p.a.3
Comparison rate4 % p.a. % p.a.
Terms between 1 to 5 years 1 to 7 years
Early repayment2    
Payment frequency Weekly

These fees apply to both fixed and variable rate Unsecured Personal Loans

Establishment Fee6 $195

$0 establishment fee for existing customers*

Monthly Administration Fee


Payment dishonour fee $9 payable whenever a direct debit order for payment from another institution is dishonoured
Redraw fee5
  • $10 per withdrawal 
  • Minimum redraw amount: $500 
  • Redraw only available on variable interest rate loans
Personal Loan Discharge2
  • $150 (within the first 12 months of the loan term) 
  • $100 (after the first 12 months and before the end of the loan term) 
Processing fee - may be payable if a personal loan is repaid before the end of the loan term
Break costs Break costs are payable on early payout or partial payment (in excess of the limit set out in the loan terms and conditions) of a fixed rate loan. Break costs are an amount equal to the Bank’s reasonable estimate of its loss due to breaking of the fixed rate period or early repayment of a fixed rate personal loan.

For all other charges, please see our Personal Loan Fees and Charges.


Have you got questions about applying?



How to apply in 4 easy steps


Step 1

Apply online

in 10 minutes (5 minutes for existing customer)

Step 2

Send through supporting documents

(if required) and we'll review your application.

Step 3

Sign your contract

If approved you'll need to review and sign the contract.

Step 4

Access your funds

We'll release your funds based on your instructions.


Get it done today.
Apply online in 10 minutes and get a response in 60 seconds1

BankSA customers

New customers



Still not sure?

Use our helpful tools to compare our personal loans.

Important information

Credit criteria, fees, charges, terms and conditions apply.

Before making a decision, it's best to read the terms and conditions.

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.

*$0 establishment fee for existing BankSA customers promotion: To be eligible for this promotion you must be an existing BankSA customer that applies for a new Unsecured Personal Loan by clicking on the BankSA customers 'Apply now’ button on this page between 7 November 2016 and 28th February 2017. Credit criteria, other fees and charges apply.

1. Actual completion time may vary depending on your internet connection and other factors. All applications are subject to BankSA lending criteria.

2. A personal loan discharge processing fee applies when a personal loan is repaid before the end of the loan term. A fee of $150 applies if the loan is repaid within the first 12 months of the loan term. A fee of $100 applies if the loan is repaid after the first 12 months and before the end of the loan term.

3. The actual interest rate applicable to the loan will be based on the information you provide at the time of your application and our credit assessment. The rates available range from 10.99% p.a. to 19.99% p.a.

4. The comparison rate is based on an unsecured personal loan of $30,000 for a term of 5 years. 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. Redraw requests are subject to approval. Minimum redraw amount $500 and a redraw fee applies for each approved request. Other fees and charges may be payable.

6. The establishment fee will be added to your loan amount.