BankSA home loan rates for an owner-occupier principal-and-interest loan at 80% LVR are 6.39% p.a. (6.75% comparison rate) for an owner-occupier principal-and-interest loan at 80% LVR, as of 27 August 2026. Bank SA home loans on this page are the Basic, Standard Variable Rate or Fixed Rate products in the live table. compare all lenders on the wider market table. This is general information, not a recommendation to borrow.
BankSA home loan rates, verified 80% LVR owner-occupier principal and interest snapshot dated 27 August 2026. Rates shown per annum; the comparison rate counts most fees on the $150,000 / 25-year example.
Product
Type
Rate p.a.
Comparison rate*
LVR
Basic Variable Home Loan
Variable
6.39%
6.75%
80%
Fixed Rate Home Loan
2-year fixed
6.44%
6.84%
80%
WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is based on a loan of $150,000 over a term of 25 years.
Tracked products
346
Lowest variable
6.29%
Lowest fixed
6.44%
Lowest comparison
6.75%
Last updated
11 Sept 2026
BankSA is the South Australian retail-banking brand of Westpac Group, headquartered in Adelaide with the largest branch network in SA. Like its sister brands (St.George, Bank of Melbourne), BankSA runs Westpac's loan engine with the Advantage Package offset bundle.
What are BankSA home loan rates?
BankSA home loan rates are in the live table on this page, ranked by comparison rate, with the lowest variable rate currently 6.29% p.a. and the lowest fixed rate currently 6.44% p.a., checked daily (last verified 11 Sept 2026). Compare BankSA against the wider market on home loan rates, check the comparison rate used to rank the table, or model extra payments with the extra repayments calculator.
What is the lowest BankSA home loan rate?
The lowest BankSA variable home loan rate Ratesniffers tracks is 6.29% p.a., and the lowest fixed rate is 6.44% p.a. These figures come from the 60 BankSA products on this page that pass data-quality checks, ranked by comparison rate, checked daily (last verified 11 Sept 2026).
How many home loan products does BankSA offer?
Ratesniffers currently tracks 346 BankSA home loan products across variable, fixed and interest-only options for owner-occupiers and investors, and ranks the 60 that pass our data-quality checks on this page. Every rate is ranked by comparison rate, the ASIC-mandated figure that folds in most fees, so the genuinely cheapest products sit at the top.
BankSA is a Westpac Group brand alongside Westpac, St.George and Bank of Melbourne, each with its own home loan pricing. For service and lender fit, read the independent BankSA review.
The figures on this page cover BankSA home loans. To compare home loan rates Australia, open the wider market table ranked by comparison rate.
BankSA home loan rates at a glance
Product type
Rate
Max LVR
Variable Owner-occupier P&I
6.29% p.a.
70%
Variable Owner-occupier P&I
6.39% p.a.
80%
Fixed 2-year Investor interest-only
6.54% p.a.
70%
Variable Investor P&I
6.54% p.a.
70%
Fixed 1-year Investor interest-only
6.64% p.a.
70%
Fixed 2-year Investor interest-only
6.64% p.a.
80%
Variable Investor P&I
6.64% p.a.
80%
Fixed 2-year Owner-occupier interest-only
6.69% p.a.
70%
Variable Owner-occupier P&I
6.69% p.a.
95%
Fixed 1-year Investor interest-only
6.74% p.a.
80%
Fixed 3-year Investor interest-only
6.74% p.a.
70%
Fixed 2-year Investor interest-only
6.74% p.a.
70%
60 of 346 tracked BankSA home loan products
BankSABasic Home Loan Promotional Rate <70% LVR Owner Occupied P&I
*Important Information and Comparison Rate Warning
WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is based on a loan of $150,000 over a term of 25 years.
The information provided on this site is general in nature and does not take into account your objectives, financial situation or needs. Before acting on any information, consider whether it is appropriate for you and read the relevant Credit Guide and lender disclosures.
BankSA home loan repayment calculator
Pre-filled with BankSA's lowest advertised variable rate in the table above, 6.29% p.a. Change the loan amount, rate or term to model your own mortgage. Repayments are principal and interest estimates and exclude fees, so the comparison rate in the table is the better guide to total cost.
BankSA is South Australia's biggest local bank brand, with roots going back to the state's savings-bank era. It is part of the Westpac Group, sitting alongside St.George and Bank of Melbourne as a separately branded lender with its own South Australian branch network.
Its home-loan range broadly mirrors the wider St.George product set with its own pricing, and its variable rates move in step with the group's repricing decisions across the Westpac Group brands.
Who suits a BankSA home loan?
BankSA tends to suit South Australian borrowers who want local branch access with big-group product breadth behind it. The same group products are available under St.George, Bank of Melbourne and Westpac elsewhere, so compare across the group and against the market leaders in the table above.
Background facts checked 5 September 2026. Rates above refresh independently.
BankSA fees, offset and limits at a glance
Application or establishment fee
$600 upfront including one valuation,
Discharge fee
$350
Settlement fee
$100
Additional valuation fee
$0
Rate lock fee
Higher of 0.15% of loan amount or $500. Rate lock period valid for 90 days.…
Loan portability
$350 assessment fee + $350 to discharge the mortgage + valuation fee (if applicable)
Offset account
100% mortgage offset account available
Minimum offset balance
> $0
Lenders mortgage insurer
Westpac Lenders Mortgage Insurance (WLMI) for all new and existing applications with LVR less than or equal…
Capitalising LMI
Owner Occupied purchase max LVR 95% (inc LMI). Max LVR capped at 90% for Investment.…
Extra repayments on fixed
Max $10k pa
When the fixed rate is locked
On settlement unless rate lock fee is paid
Checked 4 Sept 2026. Lender fees and policy change without notice, so confirm the detail with the lender before you apply.
BankSA home loan rates for an owner-occupier principal-and-interest loan at 80% LVR are 6.39% p.a. (6.75% comparison rate) for an owner-occupier principal-and-interest loan at 80% LVR, as of 27 August 2026. Compare all lenders at /home-loans. This is general information, not a recommendation to borrow.
What are Bank SA home loans?
Bank SA home loans on this page are the Basic, Standard Variable Rate or Fixed Rate products in the live table. In the 80% LVR owner-occupier principal-and-interest slot the live table shows 6.39% p.a. (6.75% comparison rate) for an owner-occupier principal-and-interest loan at 80% LVR, as of 27 August 2026. Compare the comparison rate, not only the headline rate, at /home-loans. This is general information, not a recommendation to borrow.
What are BankSA home loans?
BankSA home loan rates for an owner-occupier principal-and-interest loan at 80% LVR are 6.39% p.a. (6.75% comparison rate) for an owner-occupier principal-and-interest loan at 80% LVR, as of 27 August 2026. Bank SA home loans on this page are the Basic, Standard Variable Rate or Fixed Rate products in the live table. Compare all lenders at /home-loans.
What is the lowest BankSA home loan rate?
BankSA's lowest variable home loan rate is currently 6.29% p.a., and its lowest fixed rate is 6.44% p.a., based on the 60 BankSA products Ratesniffers ranks by comparison rate, checked daily (last verified 11 Sept 2026). The advertised rate isn't always the rate BankSA approves, a broker can often negotiate a sharper deal on your scenario.
What is the monthly repayment on a $600,000 BankSA home loan?
At BankSA's lowest variable rate of 6.29% p.a., a $600,000 principal and interest loan over 30 years repays about $3,710 a month, and $500,000 about $3,092. That is an estimate at the advertised rate before fees; the comparison rate in the table above carries the fees, and a fixed or interest-only loan repays differently.
How much do you need to earn for a $500,000 BankSA home loan?
There is no single salary. Like every Australian lender, BankSA must assess a new home loan at a rate at least 3 percentage points above the loan's rate under APRA's serviceability buffer, so 6.29% p.a. is assessed at about 9.29% p.a., then test that repayment against income after living expenses and other debts. The income required calculator at /calculators/income-required works this backwards from a property price and deposit.
How does BankSA's home loan rate compare to the market?
BankSA's lowest variable home loan rate today is 6.29% p.a., which is 5 basis points above the market median of 6.24% p.a., so there are sharper variable rates available elsewhere today, and it's worth comparing or asking BankSA to match a lower rate. This is computed daily from the live rates across the lenders Ratesniffers tracks, so it reflects where BankSA sits right now rather than a fixed snapshot.
How many home loan products does BankSA offer?
Ratesniffers currently tracks 346 BankSA home loan products across variable, fixed and interest-only options for owner-occupiers and investors, and ranks the 60 that pass our data-quality checks on this page. Every rate is checked daily against each lender's current published pricing and ranked by comparison rate, the ASIC-mandated figure that folds in most fees, so the genuinely cheapest loans sit at the top.
Is BankSA competitive for refinancing?
It depends on your loan size and LVR. BankSA's lowest comparison rate is currently 6.75% p.a., worth checking against the wider market before you switch. On a $500,000 loan, even a 0.30% p.a. difference is about $100 a month, so comparing BankSA against the sharpest available rate usually pays off.
How often are BankSA's home loan rates updated?
Ratesniffers refreshes BankSA's home loan rates daily; this page was last updated 11 Sept 2026. Rates can change whenever BankSA reprices or the RBA moves the cash rate, so the figures shown reflect the most recent data we hold rather than a static snapshot.
Does BankSA offer an offset account on its home loans, and what does it cost?
Yes. BankSA's Standard Variable Rate home loan offers a full 100% interest offset, and you can link up to 10 offset accounts to it. The offset is a Complete Freedom transaction account with zero account keeping fees. An optional Advantage Package adds a rate discount and fee waivers for a $395 annual package fee.
What fees does BankSA charge on a home loan?
BankSA lists a $600 lending establishment fee on its Standard Variable Rate and Fixed Rate loans ($0 on the Basic home loan), a $100 document processing fee, an $8 monthly loan account fee on those loans, a $395 annual Advantage Package fee, and a $350 discharge fee. The establishment and monthly fees are waived under the Advantage Package.
Does BankSA lend to self-employed borrowers, and what income evidence does it accept?
Yes. BankSA says self-employed borrowers get the same rates as salary earners. Its Fast Track assessment needs only your last 2 years of personal ATO Notices of Assessment, with a 20% deposit. Otherwise a 1 year or standard 2 year assessment uses the latest business and personal tax returns, Notice of Assessment and financial statements, with a registered ABN.
Who owns BankSA, and which bank holds its licence?
BankSA is a division of Westpac Banking Corporation. It traces its history to The Savings Bank of South Australia, which opened in 1848, and became a Westpac division following a merger in 2008. BankSA products carry Westpac's ABN 33 007 457 141 and AFSL and Australian credit licence 233714, so BankSA home loans sit under the Westpac licence.
