Advantage Package Special Discount Advantage Package Special Discount $250K - $499,999 (Interest Only) (Owner Occupied)
4.49%p.a Standard Variable
Repayments calculated to take into account ongoing monthly and anual fees.
- Monthly repayment*
- rate per annum
Loan to Value Ratio
Borrow up to the maxium of 95% of the value of the property.
Lenders Mortgage Insurance, or LMI, will be payable on most loans where the borrowings are greater than 80% of the value of the property.
However, you may be able to capitalise LMI into your loan, increasing the overall loan amount by about 2% (in order to cover the cost of the insurance). Contact a loan market broker to find out how LVR and LMI might impact the cost of your loan repayments.
- Capitalise LMI
For ["Construction", "Owner Occupied", "Vacant Land"], in ["NSW", "NT", "QLD", "SA", "WA", "VIC", "TAS", "ACT"].
- 3 - 30 years
The level of financial documentaion and credit history required to apply for the loan.
- Full Doc
- Credit History
- Genuine Saving
Save on interest repayments by holding spare cash in an offset account.
- Offset account
Get quick access to cash by drawing on the loan to pay for renovations or other purchases.
- Redraw Facility
- Min Redraw
- Redraw fee
Given the wide range of loans on offer – with different interest rates, product features and fees – it pays to shop around to find the loan that fits your needs and circumstances. Some loans offer features that may be appropriate for your situation and result in savings over the life of the loan.
Some features you may wish to consider include:
- an offset account;
- ability to make extra repayments;
- a redraw facility; and
- linked credit card and savings accounts;
- ability to split your loan between fixed and variable interest rates
- Offset Account
- Redraw Available
- Credit Card
- Internet Banking
- Telephone Banking
- BPay Option
- Portability of Loan
- Professional Pack
- Check Account
- Direct Salary Credit
- Free Transactions
- Minimum Redraw
- Redraw Fee
You can make your repaments Monthly.
- Interest Only Option
- Max Interest Only
- 5 years
Upfront fess associated with estabilishing the loan. Other loan set-up fees, such as valuation fees and lender's mortgage insurance, and Government charges, such as registration fees and stamp duty on property transfer, have not been included. These will be determined after application.
Monthly and annual fees and charges during the loan period.
- Ongoing Yearly
Fees associated with prematurely ending the loan.
- Early Repayment
- Switch To Fixed
EXTENDED: PACKAGING CONSTRUCTION LOANS (Available until further Notice) Bank SA extends special offer to package construction loans until further notice. This means Bank SA continues to offer following benefits to clients when packaging a construction loan: - NIL Establishment fee (save $600) - NIL Monthly Admin Fee (save at least $10 per month) - NIL Inspection fee (save at least $102.50) Eligibility: - New Eligible packaged Building loans (including owner builder) only. Non-eligible packaged loans such as company or trust loans are not eligible for this offer. NOTE: Please indicate Construction Loan Package in the e-lodgement notes or submission notes section of the application. OTHER PRODUCT INFO: The Advantage Package is available to new and existing borrowers. The Advantage Package is available for the products listed below only. - Owner Occupiers - Investors - Further loan sequence and loan amount increase - Flexible Choice (when no LMI is involved) - New loans - Land loans - Family Pledge (in most cases and when no LMI or refinance is involved) - Capitalised LMI (not available for Flexible Choice) The Advantage Package is NOT AVAILABLE for: - Relocation Loan (If the end debt portion of the relocation loan is a Portfolio Loan, the Portfolio Loan can be packaged. The standard Relocation Loan establishment fee will be payable on the capitalised portion.) - Interest in Advance (once the loan has settled, customers with unregulated investment loans can request interest in advance and remain in the package) - Companies and Trusts - Guarantor as Company or Trust - Where the loan involves more than 1 security and not all properties are linked to all loans - Increases involving an addition of a security property, where the additional security is not a property to be purchased. - Extended settlement loans - Loyalty Loans - Products no longer for sale (Essential/Great Australian Home Loan) Loans in the Advantage Package can be switched to other eligible loan types within the package. If a customer wants to switch the loan to a product that is not eligible to be Packaged i.e. Basic, then the Package must be closed and a switch fee is payable.
For new and existing customers, max LVR for owner occupiers is 95%. Max LVR for refinances from other financial institutions is 90%. Owner Occupied: Max LVR of 95% can be increased by the amount of the LMI premium to a maximum of 2% above the max LVR for that customer. Conditions apply for new customers. These include, but are not limited to; - No Auto Decline overrides will be considered - Genuine savings policy applies, with the exception of Inheritance and Sale of non-real estate assets which are capped at 90% LVR
5% Genuine savings needs to be verified on mortgage insured loans where the LVR exceeds 85%.
Partial Discharge Assessment Fee: $350