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Personal Loans
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TOP FAQs

Unsecured Personal Loan

Follow your dreams with an Unsecured Personal Loan

  • Convenient redraw facility with our variable interest rate option1.
  • Flexible personal loan repayment options. Choose a fixed interest rate for peace of mind that your repayments won’t change for the term of your loan, or a variable interest rate which lets you make extra repayments each month
  • The term of your secured personal loan is your choice. Choose a term of
    • 1 to 7 years for variable interest rate loans
    • 1 to 5 years for fixed interest rate loans.
  • Competitive interest rates
  • Fast and simple application process2.
Apply Now

Flexible

  • Your choice of a fixed or variable interest rate

 

Competitive rates

Term of your loan

  • Choose a term of
    • 1 to 7 years for variable interest rate loans.
    • 1 to 5 years for fixed interest rate loans.

Loan amount

  • Borrow from $3,000 up to $40,000

 

Fast online application2

  • It usually takes less than 15 minutes to complete your application
  • Submit and receive a response within 60 seconds.2

Flexible repayment options

  • Choose the repayment option that best suits your lifestyle - weekly, fortnightly or monthly repayments.
  • If you have a variable interest rate on your unsecured personal loan, you have the option of making extra payments so you can pay off your loan faster.

Convenient redraw1 facility

  • On request, our convenient redraw facility gives you access to any extra payments you make (available on variable interest rate loans only. Fees may apply.)1.

Calculate your loan repayments

 

Internet Banking

  • Track and manage your loan repayments using Internet Banking
  • Go green - switch to eStatements  instead of paper statements and help save the environment. You can also view, print and save at least 2 years of statements online.
  • Redraw and make extra repayments on your variable loan1.

 

Protection for your loan

Compare Loans

  • Find the loan that’s right for you. Compare personal loans with our comparison table.
  Annual interest rate3 Comparison rate4
Standard variable from  p.a.  p.a.
1 year fixed from  p.a.  p.a.
2 year fixed from  p.a.  p.a.
3 year fixed from  p.a.  p.a.
4 year fixed from  p.a.  p.a.
5 year fixed from  p.a.  p.a.
Establishment Fee $195
Monthly Administration Fee (for personal loans on which the fee applies)
Payment dishonour fee $9 payable whenever a direct debit order for payment from another institution is dishonoured
Redraw fee1
  • $10 per withdrawal
  • Minimum redraw amount: $500
  • Redraw only available on variable interest rate loans
Personal Loan Discharge Processing fee - may be payable if a personal loan is repaid before the end of the loan term
Break costs

For loans approved from 26 October 2000:

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 refer to our “Loan Accounts - Charges for specific services and accounts”.

Apply online

Apply now. It takes less than 15 minutes and anyone can apply online!

Call us

Apply over the phone. Call us on 13 13 76 say “New Personal Loan” when prompted

Visit a branch

Find your nearest branch

Tips

You don’t have to be an existing BankSA customer to apply online.

Information you'll need to apply

  • Your driver’s license number for identification
  • Your current employer’s names, address and main switchboard number
  • Information on weekly after-tax income for each person applying for the loan
  • Details of your assets, your savings and investments
  • The limits of your credit cards, store accounts, etc.
  • Details of your other expenses
  • One personal reference including their name, address and contact phone number
  • If you are self-employed, you will need to provide your recent tax information.

How to apply

Important information

Conditions, fees and credit criteria 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.

1 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.
2 Subject to system availability and BankSA Lending criteria. Approval may take longer if application is referred for further review.
3 For new loans approved on or after 8 April 2011.
4 The comparison rate is based on a loan of $10,000 and 3 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 You should read the Product Disclosure Statement and consider your own personal financial circumstances, objectives and needs before deciding to acquire this product. BankSA distributes this insurance acting under Westpac's Australian Financial Services Licence as agent for Swann Insurance (Aust) Pty Ltd and St.George Life Limited (Insurers) and not as your agent. Swann Insurance and St.George Life each take full responsibility for the PDS. However they are not responsible or liable to you for the insurance cover provided by the other. BankSA does not, nor do any of its related bodies corporate (as defined in the Corporations Act 2001 (Cth)) other than the insurer.