BankSA Personal Loans

BankSA opened its doors in South Australia in 1848 as the Savings Bank of South Australia. After humble beginnings as a savings institution and small lender, it has grown to service many of the state’s residents. Now a division of Westpac Banking Corporation, it offers a variety of services including transaction accounts, credit cards, investment platforms and home and personal loans.

Features of a BankSA personal loan

BankSA offers unsecured and secured personal loans and unsecured personal overdrafts for a variety of purposes, including debt consolidation, car financing, wedding financing and holidays. Approved borrowers can take out loans of between $3000 and $80,000 depending on their loan purpose and serviceability. Both fixed and variable rates are available and the loans come with a number of flexible features, such as redraw facilities, the option to make extra repayments and to make repayments when it suits.

What RateCity says

For a regional lender, BankSA offers a broad range of personal loans to suit a variety of borrowers. Its loans come with a range of flexible features, such as extra repayments, redraw facilities and repayment frequency options that are likely to appeal to many looking for a personal loan.

However, given branches are located in South Australia, the loans may not be suitable for borrowers in different states who value branch access.

Personal Loans from BankSA

Advertised Rate
Comparison Rate
Monthly Repayment
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  • Flexible features.
  • Multiple loan amounts.
  • Multiple purposes.
  • May not be suitable for people living outside of South Australia.
  • Redraw subject to approval.
Customer Service
  • Customer service centre (phone)
  • Mobile app
  • Online banking
  • Email
  • Live Chat
  • Branch
  • Mobile banking staff
Applying and Eligibility

Prospective borrowers can apply for a BankSA personal loan by phoning 13 13 76 and saying ‘new personal loan’ when prompted or by applying online.

Borrowers will need to satisfy the following criteria:

  • Must be a 18 years of age or older;
  • Must have a reasonable credit score;
  • Must provide proof of income and employment;
  • Must provide proof of identity;
  • Must provide references.
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