BankSA
Variable Home Loan with Offset
Our full-featured variable rate loan, with an offset account and redraw.
Home loansBank updated 30 July 2026
At a glance
- Variable (owner occ. P&I)
- 6.39% · 6.77% comparison
- Variable (investor P&I)
- 6.59%
- Max LVR
- 95%
- Annual fee
- $395
- Features
- offset, redraw, extra repayments
§ 01 — Rates · 22
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| VariableThe rates include our 0.10% p.a. discount for LVRs+ up to 70%. Our Advantage Package gives you a 2.31% interest rate discount and other product savings, for an annual package fee. T&Cs apply. | Investment · Interest only | — | ≤70% LVR | 6.88% | 7.06% | — |
| VariableThe rates include our 0.10% p.a. discount for LVRs+ up to 70%. | Investment · Interest only | — | ≤70% LVR | 9.56% | 9.54% | — |
| VariableOur standard interest rate applies if you're borrowing above 70% and up to 80% of our property valuation. Our Advantage Package gives you a 2.31% interest rate discount and other product savings, for… | Investment · Interest only | — | 70–80% LVR | 6.98% | 7.16% | — |
| VariableOur standard interest rate applies if you're borrowing above 70% and up to 80% of our property valuation. | Investment · Interest only | — | 70–80% LVR | 9.66% | 9.64% | — |
| VariableAn extra 0.30% p.a. will be applied on top of our standard interest rate if you?re borrowing above 80% of our property valuation. Our Advantage Package gives you a 2.31% interest rate discount and ot… | Investment · Interest only | — | 80–90% LVR | 7.28% | 7.46% | — |
| VariableAn extra 0.30% p.a. will be applied on top of our standard interest rate if you?re borrowing above 80% of our property valuation. | Investment · Interest only | — | 80–90% LVR | 9.96% | 9.94% | — |
| VariableThe rates include our 0.10% p.a. discount for LVRs+ up to 70%. Our Advantage Package gives you a 2.31% interest rate discount and other product savings, for an annual package fee. T&Cs apply. | Investment · P&I | — | ≤70% LVR | 6.59% | 6.96% | — |
| VariableThe rates include our 0.10% p.a. discount for LVRs+ up to 70%. | Investment · P&I | — | ≤70% LVR | 9.27% | 9.41% | — |
| VariableOur standard interest rate applies if you're borrowing above 70% and up to 80% of our property valuation. Our Advantage Package gives you a 2.31% interest rate discount and other product savings, for… | Investment · P&I | — | 70–80% LVR | 6.69% | 7.06% | — |
| VariableOur standard interest rate applies if you're borrowing above 70% and up to 80% of our property valuation. | Investment · P&I | — | 70–80% LVR | 9.37% | 9.51% | — |
| VariableAn extra 0.30% p.a. will be applied on top of our standard interest rate if you?re borrowing above 80% of our property valuation. Our Advantage Package gives you a 2.31% interest rate discount and ot… | Investment · P&I | — | 80–95% LVR | 6.99% | 7.36% | — |
| VariableAn extra 0.30% p.a. will be applied on top of our standard interest rate if you?re borrowing above 80% of our property valuation. | Investment · P&I | — | 80–95% LVR | 9.67% | 9.81% | — |
| VariableThe rates include our 0.10% p.a. discount for LVRs+ up to 70%. Our Advantage Package gives you a 2.31% interest rate discount and other product savings, for an annual package fee. T&Cs apply. | Owner occupied · Interest only | — | ≤70% LVR | 6.98% | 7.00% | — |
| VariableThe rates include our 0.10% p.a. discount for LVRs+ up to 70%. | Owner occupied · Interest only | — | ≤70% LVR | 9.29% | 9.11% | — |
| VariableOur standard interest rate applies if you're borrowing above 70% and up to 80% of our property valuation. Our Advantage Package gives you a 2.31% interest rate discount and other product savings, for… | Owner occupied · Interest only | — | 70–80% LVR | 7.08% | 7.10% | — |
| VariableOur standard interest rate applies if you're borrowing above 70% and up to 80% of our property valuation. | Owner occupied · Interest only | — | 70–80% LVR | 9.39% | 9.21% | — |
| VariableThe rates include our 0.10% p.a. discount for LVRs+ up to 70%. Our Advantage Package gives you a 2.31% interest rate discount and other product savings, for an annual package fee. T&Cs apply. For Gov… | Owner occupied · P&I | — | ≤70% LVR | 6.39% | 6.77% | — |
| VariableThe rates include our 0.10% p.a. discount for LVRs+ up to 70%. For Government's home guarantee scheme-backed loans, maximum LVR may differ. | Owner occupied · P&I | — | ≤70% LVR | 8.70% | 8.84% | — |
| VariableOur standard interest rate applies if you're borrowing above 70% and up to 80% of our property valuation. Our Advantage Package gives you a 2.31% interest rate discount and other product savings, for… | Owner occupied · P&I | — | 70–80% LVR | 6.49% | 6.86% | — |
| VariableOur standard interest rate applies if you're borrowing above 70% and up to 80% of our property valuation. For Government's home guarantee scheme-backed loans, maximum LVR may differ. | Owner occupied · P&I | — | 70–80% LVR | 8.80% | 8.94% | — |
| VariableAn extra 0.30% p.a. will be applied on top of our standard interest rate if you?re borrowing above 80% of our property valuation. Our Advantage Package gives you a 2.31% interest rate discount and ot… | Owner occupied · P&I | — | 80–95% LVR | 6.79% | 7.16% | — |
| VariableAn extra 0.30% p.a. will be applied on top of our standard interest rate if you?re borrowing above 80% of our property valuation. For Government's home guarantee scheme-backed loans, maximum LVR may… | Owner occupied · P&I | — | 80–95% LVR | 9.10% | 9.24% | — |
§ 02 — Fees · 8
| Fee | Type | Amount | When | Notes |
|---|---|---|---|---|
| Document Processing Fee | Event | $100 | — | The Settlement Processing Fee, is a fee charged as apart of the fees for Loan Establishment. It is the fee charged for the processing of settlement services. These can include document validation, va… |
| Property Valuer Fee | Event | Varies | — | Fee may be payable if a valuation is needed. The amount is dependent on property location and value. |
| Loan Discharge Fee | Exit | $350 | — | Per Mortgage |
| Missed Payment Fee | Late payment | $15 | — | Fee payable when we send customer an arrears letter relating to an overdue amount |
| Annual Advantage Package Fee | Periodic | $395 | Every 1 yr | — |
| Loan Account Fee | Periodic | $8 | Every 1 mo | This fee is waived for Customers that have Premier Advantage Package (other fees apply) |
| Lenders Mortgage Insurance Premium | Upfront | Varies | — | If your deposit is less than 20% then Lenders Mortgage Insurance is usually required. There may be other circumstances where Lenders Mortgage Insurance is also required. As Lenders Mortgage Insurance… |
| Lending Establishment Fee | Upfront | $600 | — | This fee is waived for Customers that have BankSA Advantage Package (other fees apply) |
§ 03 — Features
Offset accountRedrawExtra repaymentsGuarantor optionDigital bankingFraud protectionRelationship manager
- · Take a break from repayments: You can apply for Reduced Repayments or a Repayment Holiday for a set term (keep in mind after the break your repayments may be higher for the rest of your loan term).
- · Option to split your loan : Make part of your loan a fixed interest rate and part a variable interest rate.
- · Family Pledge : You could use the equity in a family member's home to guarantee part of your home loan
- · Option to Loan Split/Subsequent Loan Sequence
- · Building Loan Available feature
- · The product includes a combination loan feature.
- · The product provides options which includes reduced repayment, repayment holiday, portability and loan increase (top up) features
- · The product includes a Relocation Loan End Debt feature
- · The product includes Switching (from another product) feature
- · Loan Payment Method - Direct Credit, Direct Debit (preferred), Branch Payment, Internet or Phone Banking
- · Substituting a security : You may ask us to accept a new mortgage over other land as a substitute for any mortgage which is security for your loan. We may agree to this if you satisfy any reasonable…
- · Statements of account : We will send you a statement of your loan account at least every six months or more frequently if you request
§ 04 — Eligibility & limits
- · Minimum age 18
- · Residency: Should be an Australian or New Zealand citizen(s) or permanent resident(s)
- · Amount $10,000 to no maximum
- · Maximum LVR 95%
- · Individuals, Trusts (individual and company trustees), Company, Partnership
- · Maximum repayment term 30 years
- · Owner occupier - Loan maximum interest only period 5 years
- · Investment - Loan maximum interest only period 10 years
§ 06 — Run the numbers
Put this product through a calculator
Published by BankSA under the Consumer Data Right, last changed by them on 30 July 2026. Figures are shown as the institution publishes them and can change without notice; confirm on their site before applying. The Finance Algorithm earns nothing from any product listed here.