Advantage Package Fixed Rate Investment Loan (Principal and Interest) 2 Years
Cashback$2,000 Refinance Cashback when you apply online Expiry date: 30/09/2020
- Last updated on 04 Aug 2020
Fixed - 2 years
based on $300,000 loan amount for 25 years
- Suitable for low deposits
- Parents can sign as guarantor
- Extra repayments + redraw services
- Comes with a credit card
- Limited extra repayments
- Annual fee charged
- Discharge fee at end of loan
- Repayments won't decrease if RBA cuts rates
Interest rate structure
Fixed - 2 years
$150k - $100m
Principal & interest
Loan term range
1 - 30 years
Partial offset account
Allowed with restrictions
Redraw fee: $0
Allows split interest
ACT, NSW, NT, QLD, SA, TAS, VIC, WA
Total estimated upfront fees
Other upfront fee
Minimum SMSF Amount
- Cashback $2,000 Refinance Cashback when you apply online
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From humble beginnings, BankSA now serves one in four South Australians, with the largest network of branches and ATMs in the state.
BankSA first opened in March 1848 with a single room office under the original name the Savings Bank of South Australia. Since then, it has had a colourful history, changing ownership and names several times, even collapsing in 1991. Now BankSA is part of the Westpac Banking Corporation.
BankSA has 3,800 staff, 800,000 customers and 38,000 shareholders.
A variable rate home loan is one where the interest rate can and will change over the course of your loan. The rate is determined by your lender, not the Reserve Bank of Australia, so while the cash rate might go down, your bank may decide not to follow suit, although they do broadly follow market conditions. One of the upsides of variable rates is that they are typically more flexible than their fixed rate counterparts which means that a lot of these products will let you make extra repayments and offer features such as offset accounts.
An complaints officer – previously referred to as an ombudsman -looks at formal complaints from customers about their credit providers, and helps to find a fair and independent solution to these problems.
These services are handled by the Australian Financial Complaints Authority, a non-profit government organisation that addresses and resolves financial disputes between customers and financial service providers.