BankSA Personal Loans
BankSA is a provider of personal loans as well as home loans, credit cards, savings accounts, term deposits and insurance products.
What personal loans does BankSA offer?
At the time of writing, BankSA offers four personal loan products:
Unsecured Personal Loan
- Borrow between $2,000 to $50,000
- Fixed and variable interest rates available
- Redraw available on variable rate loans
- Loan term of one to seven years (variable rate loan) or one to five years (fixed rate loan)
Secured Personal Loan
- BankSA says you can offer your car as security for a lower rate
- Borrow between $3,000 to $80,000
- Fixed and variable interest rates available
- Redraw available on variable rate loans
- Loan term of one to seven years (variable rate loan) or one to five years (fixed rate loan)
Get Set Loan
- Ongoing line of credit
- Credit limit of $5,000 to $50,000
- Variable interest rate only
- Redraw available
- No fees for early repayment, exiting your loan, or redraws
- Option of weekly, fortnightly, or monthly repayments
Unsecured Personal Overdraft
- Ongoing line of credit
- Credit limit of $500 to $20,000
- Variable interest rate only
- No redraw available
- No establishment fee
What can you use BankSA’s personal loans for?
Personal loans can typically be used for important life events and large expenses, such as:
- Buying a car
- Debt consolidation
- Holidays
- Home renovations
- Weddings and more
Read the product disclosure statement (PDS) from BankSA for any specific details on what you may or may not be able to take out a personal loan for.