Portfolio Loan Variable Loan Portfolio Loan - Variable Loan (Owner Occupied)

  • 5.78%
    p.a Standard Variable
  • 5.86%
    p.a Comparison**
  • $800
    Upfront fees
  • $168
    Annual fees
  • 90%
    Max LVR
  • $2,222
    Per Month*

About BankSA

The Bank of South Australia, also known as Bank SA is the largest financial institution in South Australia and the state's largest home lender. The forerunners of Bank SA and the State Bank of South Australia merged under the same name State Bank of South Australia in 1984. Bank SA is now a division of Westpac, having been a division of St. George Bank before Westpac and St. George merged in 2008. Bank SA have over 100 branches in South Australia and the Northern Territory and pride themselves on their home loan packages with specialist features and low doc options loan options.

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 90% 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 ["Line of Credit", "Equity", "Owner Occupied", "Vacant Land"], in ["NSW", "NT", "QLD", "SA", "WA", "VIC", "TAS", "ACT"].

1 - 30 years


The level of financial documentaion and credit history required to apply for the loan.

Full Doc
Credit History
Genuine Saving

Redraw Facility

Get quick access to cash by drawing on the loan to pay for renovations or other purchases.

Redraw Facility
Min Redraw
Redraw fee

Banking Features

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 Fees

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.


Ongoing Fees

Monthly and annual fees and charges during the loan period.

Ongoing Monthly

Exit Fees

Fees associated with prematurely ending the loan.

Early Repayment
Switch To Fixed


Portfolio Loan is a secured line of credit facility where one overall credit limit may be divided between up to ten (separate) sub-accounts. Sub-accounts can be set up for different loan purposes as required by the customer. Eg. Owner-occupier, investment or personal. Target Market: - People who want to own their own home sooner. - People who have greater than 10% equity in their property/s. - People who have a number of different borrowing and lifestyle requirements. Key Benefits: - Customers can own their own home sooner. - Assists with wealth creation. Not available for: - Introductory / promotional rates (unless specifically stated). - Rural land security. - Interest In Advance repayment type. - Bank of Melbourne building loans - Owner Builder loans Repayment Type and Loan Term: The minimum repayment required is interest plus fees and charges accrued during the month. Capitalisation is not allowed the Primary sub-account but is available on other subaccounts (both regulated and un-regulated). There is no term, however the bank reserves the right to conduct annual reviews. The account balance is payable on demand (except if the sub-account is fixed, then the balance is payable when in default).

LVR Notes

LMI Required above 80% LVR (Applications may be referred for LMI up to a maximum total borrowings of $2,5M). Max borrowing for Non LMI Deals for a single security worth $2m or over: Up to $2m - Max Base LVR 80%, >$2m up to $2,285,000 - Max borrowing $1.6m (A sliding LVR scale between 70% and 80% has been implemented by limiting max borrowings to $1.6m for securities between $2m and $2.285m), >$2,285,000 - Max Base LVR 70% Conditions apply for new customers. These include, but are not limited to; - Maximum loan amount of $750K - 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%..

Fee Notes

Rate Lock Fee is the higher of 0.15% of the sub-account credit limit (to be at a fixed rate) or $500

*Monthly Repayments

Monthly repayments are calculated to take into account the loan amount, repayment term and ongoing fees and charges over the life of the loan.

  • Variable rate loans show the monthly repayments at the current rate.
  • Fixed rate loans show the monthly repayment during the fixed period only.
  • Monthly repayment calculations are an approximate guide only. Speak to a LoanMarket Mortgage broker to understand the exact cost of a loan given your particular circumstances.

**Comparison Rates

A comparison rate is a tool to help consumers identify the true cost of a loan. It factors in the interest rate, loan amount, repayment term and ongoing fees and charges and displays this as a single percentage rate that can be used to compare various loans from different lenders.

Monthly Repayment and Comparison Rate* calculations do not include:

  • The use of account features such as early repayments and offset accounts which vary widely among loans and can reduce the cost of a loan significantly.
  • Cost savings such as fee waivers or special rate discounts.
  • Fees and charges associated with loan options or events that may or may not be used by the borrower, such as early repayment or redraw fees
  • Lenders Mortgage Insurance (LMI) which may be required to secure the loan and can increase the cost of the loan.
  • Government charges such as stamp duty or mortgage registration fees.
  • Fees and charges which aren’t available at the time the comparison rate is provided