BankSAVariable Home Loan with Offset
Our full-featured variable rate loan, with an offset account and redraw.
Home loansBank updated 28 Oct 2026
At a glance
- Variable (owner occ. P&I)
- 6.64%7.01% comparison
- Variable (investor P&I)
- 6.84%
- Max LVR
- 95%
- Annual fee
- $395
- Features
- offset, redraw, extra repayments
How it compares
This home loan in ink, against the best that every other institution publishes for anyone to apply for. Each figure is counted the same way for all of them.
| Rate | This home loan | Best anywhere | Typical institution | Where it sits |
|---|---|---|---|---|
| Variable home loanOwner occupier, principal & interest, 80% LVR | 6.74% | 5.93%SCCU's BROKER HOME LOAN | 6.38%of 104 institutions | 81st lowest of 104, level with 3 others |
| Investor variable home loanInvestment, principal & interest, 80% LVR | 6.94% | 5.94%AAA Financial Corporation's Portfolio Loan | 6.59%of 104 institutions | 80th lowest of 104, level with one other |
Rates
Every rate BankSA publishes for this home loan, 22 in all.
Variable rate by LVR
Owner occupier, principal and interest, the lowest rate published for each band of the loan's share of the property's value
- ≤70%6.64%
- 70–80%6.74%
- 80–95%7.04%
| 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 | 7.13% | 7.31% | - |
| VariableThe rates include our 0.10% p.a. discount for LVRs+ up to 70%. | Investment, Interest only | - | ≤70% LVR | 9.81% | 9.79% | - |
| 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 | 7.23% | 7.41% | - |
| 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 | 9.91% | 9.89% | - |
| 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 | 7.53% | 7.71% | - |
| 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 | 10.21% | 10.19% | - |
| 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 | 6.84% | 7.21% | - |
| VariableThe rates include our 0.10% p.a. discount for LVRs+ up to 70%. | Investment, P&I | - | ≤70% LVR | 9.52% | 9.66% | - |
| 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 | 6.94% | 7.31% | - |
| 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 | 9.62% | 9.76% | - |
| 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 | 7.24% | 7.60% | - |
| 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 | 9.92% | 10.06% | - |
| 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 | 7.23% | 7.25% | - |
| VariableThe rates include our 0.10% p.a. discount for LVRs+ up to 70%. | Owner occupied, Interest only | - | ≤70% LVR | 9.54% | 9.36% | - |
| 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 | 7.33% | 7.35% | - |
| 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 | 9.64% | 9.46% | - |
| 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 | 6.64% | 7.01% | - |
| 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 | 8.95% | 9.09% | - |
| 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 | 6.74% | 7.11% | - |
| 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 | 9.05% | 9.19% | - |
| 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 | 7.04% | 7.41% | - |
| 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 | 9.35% | 9.49% | - |
Fees
8 fees published, grouped by when they're charged.
- When you take it outUp to $6002 fees, each listed below
- While you hold itUp to $3952 fees, each listed below
- When you close it or pay it off$350Loan Discharge Fee
When you take it out2
- Lenders Mortgage Insurance Premium
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…
Varies - Lending Establishment Fee
This fee is waived for Customers that have BankSA Advantage Package (other fees apply)
$600
While you hold it2
- Annual Advantage Package Fee$395 a year
- Loan Account Fee
This fee is waived for Customers that have Premier Advantage Package (other fees apply)
$8 a month
If a payment is late or fails1
- Missed Payment Fee
Fee payable when we send customer an arrears letter relating to an overdue amount
$15 30 days after it's due
When particular things happen2
- Document Processing Fee
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…
$100 - Property Valuer Fee
Fee may be payable if a valuation is needed. The amount is dependent on property location and value.
Varies
When you close it or pay it off1
- Loan Discharge Fee
Per Mortgage
$350
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 r…
- Statements of account: We will send you a statement of your loan account at least every six months or more frequently if you request
Eligibility and limits
- Minimum age 18
- Residency: Should be an Australian or New Zealand citizen(s) or permanent resident(s)
- Amount from $10,000, 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
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Published by BankSA under the Consumer Data Right, last changed by them on 28 Oct 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.