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Standard Variable Rate Home Loan

Flexibility and great features with a Standard Variable Rate Home Loan!

For a limited time, save 0.80% p.a. off our standard variable rate with Advantage Package for loans of $500,000 or more. #

Apply online

Competitive interest rate

 

Choice of loan term & repayments

  • Choice of term up to 30 years for principal and interest repayments or up to 15 years for interest based repayments.

 

Package and save!

For properties, vacant land or building

  • Available for property or vacant land purchase, and for building.

 

Great features!

  • Features include 100% interest offset, redraw, repayment pause and more!

Compare

 

Discover your borrowing power!

Fees
Save when you package your home loan, selected credit card and transaction account with Advantage Package, an annual package fee of $395 applies.
Establishment fee
Monthly administration fee
Other fees and charges apply. See a complete list of fees for loan accounts.
Interest rates
Balances   Standard Variable Rate Comparison rate4
All Balances    p.a  p.a.
Get an Advantage Package# special discount on Balances $500,000+
Balances Advantage Package# Limited Time Special Discount Standard Variable Rate with Advantage Package# Limited Time Special Discount Comparison rate4
$500,000 +  p.a  p.a  p.a.
Get an Advantage Package# discount on Balances $100,000+
Balances Standard Advantage Package# Discount Standard Variable Rate with Advantage Package# Comparison rate4
$100,000 - $149,999  p.a  p.a  p.a.
$150,000 - $249,999  p.a  p.a  p.a.
$250,000 - $499,999  p.a.  p.a  p.a.
$500,000 - $749,999  p.a.  p.a  p.a.
$750,000 - $999,999  p.a.  p.a  p.a.
$1 Million +  p.a.  p.a  p.a.

Repayment options for Standard Variable Rate Home Loans
Frequency Choose either:
  • Principal and interest repayments for up to 30 years, or
  • Interest based repayments for up to 15 years.
  Weekly Fortnightly Monthly
Loans with Principal and interest repayments      
Loans with Interest based repayments      
Learn more:
Additional payments
  • Make additional payments at any time at no cost
  • Calculate what you could save by making extra payments
Automatic repayments
  • Set up convenient automatic repayments from your nominated BankSA bank account
Choose the features you need
Package and save!
100% interest offset
  • With Mortgage Equaliser, our interest offset facility, you could save on interest by offsetting the funds in your linked transaction account against the balance of your loan
Redraw
Family Pledge
  • With Family Pledge you can reduce or even avoid paying Lender's Mortgage Insurance when a parent or family member guarantees part of your home loan by using his or her own home's equity to provide additional security for a portion of your loan amount.
Consider splitting your loan
Repayment Pause
Deposit Protect Bond
  • Use a Deposit Protect Bond6 instead of paying a cash deposit immediately, and keep earning interest on your deposit money right up until settlement
  • Also ideal when using equity in an existing property to finance your purchase.

 

Apply online

Apply online. It takes just 15 minutes!

Enquire online

  • Enquire now and a BankSA home loan expert will call at your preferred time.

Call us

  • 13 13 76. To talk with a BankSA home loan expert, say "New Mortgage" when prompted.

Visit a branch

 

What you'll need to apply

 

Tips

How to apply

Important information

BankSA's normal lending criteria apply. Conditions and fees apply and may change.

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.
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.

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.
6BankSA 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.
# The following interest rate discounts are only available in Advantage Package for Standard Variable Rate Loans and Portfolio Variable Rate Loans. Standard interest rate discount, for loans between $100,000 and $149,999, of 0.25% p.a. discount will be applied; for loans between $150,000 to $249,999, 0.50% p.a. discount will be applied; for loans between $250,000 and $499,999, 0.70% p.a. discount will be applied. No discount applies for loans below $100,000. Special interest rate discounts for loans greater than $500,000, for new packaged loans and loan amounts applied for between 21 March 2012 and 31 May 2012, 0.80% p.a. discount will be applied. Special rate discounts include the standard Advantage Package discount of 0.70% p.a. discount and do not apply to internal refinances and are not transferrable between loans. Advantage Package annual fee, currently $395, is payable from an eligible BankSA transactional account.
*This offer is available on applications received from 21 March to 31 May 2012 and settled by 15 July 2012 under Advantage Package. You must hold a BankSA transaction account and have your loan repayments direct debited to this account to receive the payment. The $700 payment will be deposited into your nominated BankSA transaction account upon settlement of the loan. The $700 payment only applies to new personal or investment home loan applications for new secured borrowings of $150,000 or more where the loan purpose is to refinance. ^Offer is not available for loan refinances of existing BankSA, St.George and Bank of Melbourne home loans. Payment offer available to SA/NT residents only. An annual Advantage Package fee currently $395, applies. This offer is limited to one home loan application (including single or multiple applicants). Conditions, fees and charges apply and are available on request. All applications for credit are subject to BankSA’s prevailing credit criteria. BankSA – A Division of Westpac Banking Corporation ABN 33 007 457 141 AFSL and Australian credit licence 233714.