BankSA offers personal loans that allow you to choose between fixed or variable interest rates and a secured or unsecured option. The interest rates and borrowing limits for the secured loan are more favourable than the unsecured loan. As your interest rates are personalised, your credit score will determine how much you pay. If you have an excellent credit score, you can expect to pay lower rates, but if your score isn't great, you could end up paying more in interest.
Secured Personal Loan. Using your car as security, you can get a loan with a lower interest rate for a term of 1 to 7 years. This comes with a fixed rate with flexible repayments to help you pay off your loan according to your own budget.
Unsecured Personal Loan. The Unsecured Personal Loan also comes with the option of fixed or variable interest rates. A redraw facility is available for variable rate loans and extra repayments are accepted.
Unsecured Personal Overdraft. Get access to funds easily and quickly paying interest only on the overdraft limit. The overdraft will be linked directly to your BankSA Complete Freedom or Express Freedom transaction account and will be able to be accessed 24 hours a day.
Features and benefits of a BankSA personal loan
BankSA offers a number of competitive benefits with its personal finance products.
Fixed or variable rates. Many of its loans give you the choice of fixed between a fixed or variable interest rate. This lets you decide between flexibility or having your repayments remain the same during your loan term.
Loan terms. Terms are available up to 7 years, making it suitable for a range of needs and situations.
Various loan amounts available. You can apply for a loan up to $100,000 secured or $50,000 unsecured, helping you to finance whatever you need.
Flexible repayment options. If you opt for the variable rate loan, you can make extra repayments whenever you like, and you can take advantage of the redraw facility should you need to. All loans come with the option of weekly, fortnightly or monthly repayments to suit your pay cycle.
What other products are available from BankSA?
BankSA offers a wide range of financial products and services that can be used for personal, business and corporate purposes.
Bank accounts. Apply for savings accounts, everyday accounts or term deposits with BankSA for your everyday banking needs.
Home loans. A Standard Variable Rate and Fixed Rate Home Loan are available at competitive rates from BankSA.
Insurance products. You can opt for Home and Contents Insurance, Car Insurance and even Travel Insurance from the bank.
Credit cards. Low rate, rewards and no annual fee credit cards are available for application.
Investments and super. Share trading with its directshares product plus superannuation and term deposits products are available.
Ready to apply?
If you've found a personal loan to apply for from BankSA's suite of products, click "Go to Site" to submit your application. To apply for a personal or car loan from BankSA you'll need to have an Australian residential address and also be 18 or over.
Make sure you have the following details on hand:
Your current employer's name and contact details
If you're self-employed, your tax information
Weekly after-tax income details
Assets, savings and investments
Any amounts you owe on your credit cards and store accounts
Your expenses
One personal reference including their name, address and contact number
The application won't take longer than 15 minutes, but make sure you've compared your options before submitting your application so you know BankSA is the right lender for you.
OurMoneyMarket offers personal loan solutions for whatever your need. Whether you want to buy a new car, pay for your wedding or renovate your home, you can choose between secured and unsecured loan options.
Find out more about Pepper Money's no fee personal loan and benefit from a competitive rate from 6.95% p.a., zero fees and loan terms of up to 7 years.
If you are looking for a credit card that gives access to a limited balance transfer offer, Visa and dining benefits, look no further than the Citi Ready Credit.
Find a low interest loan by comparing your options with Finder. See interest rates, fees, and features for loans across Australia, plus guides to help you get the best deal.
If you're sick of paying too much interest, find out how you can save money when you refinance your personal loan. There is a range of options available and you might get out of debt sooner.
At Finder we don’t lend to customers, we just provide information to our readers. You should approach a lender or mortgage broker to get a home loan.
Kind regards,
Richard
ANDREAFebruary 21, 2018
Hi there,
I am having some serious trouble getting a credit card or personal loan because although my current role has given me what they call a ‘permanent roster (fulltime hours)’, I am still considered a casual employee and have only been with them three months. Otherwise I have two other casual jobs that I supplement my income with, but this seems to make no difference. I need money for a bond for a rental, please help!
Finder
JonathanFebruary 21, 2018Finder
Hi Andrea, thanks for your comment.
Have you tried applying for a credit card/ personal loan already?
The application requirements for credit cards and personal loans don’t specify between being a casual employee or full time employee. Rather the application requirements are based on income, expenses and existing debts.
Hope this helps.
Best,
Jonathan
JohnJuly 11, 2017
I am currently on a subclass 820 visa (temporary partner visa until Permanent Residence is approved). I am starting a new job that includes car allowance but finding it difficult to find a bank that will give me a car loan due to my visa not having an end date (the reason for this is that it is valid until my permanent residency is approved, which can take around 2 years). Would this bank or any other that you know of give me a loan on this visa. I am employed full-time and have been for the past 6 years so my credit history and salary isn’t an issue.
Thanks,
John
JonathanJuly 13, 2017
Hi John!
We know getting a personal loan under a non-resident status can be difficult. :(
Moreover, we have also a list of car loans specifically designed for non-residents. So, please be sure to check this page as well. Please explore that page and find the right lender for you. Be sure to read through the terms, conditions, and features of the loan before you make your final decision.
Hope this helps.
Cheers,
Jonathan
DonnaMay 7, 2017
I am a casual employee and make $5000 a month before tax I also receive single parenting payment how long do I need to be in employment before applying for a loan ? I am starting a second job soon too thanks
Finder
DeeMay 8, 2017Finder
Hi Donna,
Thanks for your question.
I can’t find any information as to the required number of months you have been a casual employee before you can apply for BankSA Personal Loans. But you need to be over the age of 18 and a permanent Australian resident to apply for a loan with the same lender.
I am on a single DSP do you think I would be eligible for a loan.. after rent.. bills taken out by centrelink I pay for power.. food.. I have $550 fortnight left… I am in need of a car… I have found one that is $10,000… 6years old
Finder
DeeFebruary 17, 2017Finder
Hi Maree,
Thanks for your question.
BankSA accepts all Centrelink payments as a form of income, for the purpose of a loan application, except Newstart. You may want to get in touch with BankSA directly and confirm your eligibility before applying.
Aside from BankSA, you may also want to check loans for Centrelink recipients featured on our website. Open that link and you should find a comparison table. Once you’re done comparing, please select the “Go to site” button to be safely redirected to your chosen lender.
Please make sure that you have read the relevant T&Cs or PDS of the loan products before making a decision. Moreover, check the eligibility requirements as well and consider whether the product is right for you.
Also if you can, contact first the lender and discuss your options and chances of approval before you send anything final for your application.
I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.
Have a wonderful day!
Cheers,
Joshua
Cheers,
Anndy
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Can I brow $3000
Hello,
At Finder we don’t lend to customers, we just provide information to our readers. You should approach a lender or mortgage broker to get a home loan.
Kind regards,
Richard
Hi there,
I am having some serious trouble getting a credit card or personal loan because although my current role has given me what they call a ‘permanent roster (fulltime hours)’, I am still considered a casual employee and have only been with them three months. Otherwise I have two other casual jobs that I supplement my income with, but this seems to make no difference. I need money for a bond for a rental, please help!
Hi Andrea, thanks for your comment.
Have you tried applying for a credit card/ personal loan already?
The application requirements for credit cards and personal loans don’t specify between being a casual employee or full time employee. Rather the application requirements are based on income, expenses and existing debts.
Hope this helps.
Best,
Jonathan
I am currently on a subclass 820 visa (temporary partner visa until Permanent Residence is approved). I am starting a new job that includes car allowance but finding it difficult to find a bank that will give me a car loan due to my visa not having an end date (the reason for this is that it is valid until my permanent residency is approved, which can take around 2 years). Would this bank or any other that you know of give me a loan on this visa. I am employed full-time and have been for the past 6 years so my credit history and salary isn’t an issue.
Thanks,
John
Hi John!
We know getting a personal loan under a non-resident status can be difficult. :(
We have created a guide to help non-residents apply for a loan.
Moreover, we have also a list of car loans specifically designed for non-residents. So, please be sure to check this page as well. Please explore that page and find the right lender for you. Be sure to read through the terms, conditions, and features of the loan before you make your final decision.
Hope this helps.
Cheers,
Jonathan
I am a casual employee and make $5000 a month before tax I also receive single parenting payment how long do I need to be in employment before applying for a loan ? I am starting a second job soon too thanks
Hi Donna,
Thanks for your question.
I can’t find any information as to the required number of months you have been a casual employee before you can apply for BankSA Personal Loans. But you need to be over the age of 18 and a permanent Australian resident to apply for a loan with the same lender.
You may check our website for other loan options for casual employees.
Cheers,
Anndy
I am on a single DSP do you think I would be eligible for a loan.. after rent.. bills taken out by centrelink I pay for power.. food.. I have $550 fortnight left… I am in need of a car… I have found one that is $10,000… 6years old
Hi Maree,
Thanks for your question.
BankSA accepts all Centrelink payments as a form of income, for the purpose of a loan application, except Newstart. You may want to get in touch with BankSA directly and confirm your eligibility before applying.
Aside from BankSA, you may also want to check loans for Centrelink recipients featured on our website. Open that link and you should find a comparison table. Once you’re done comparing, please select the “Go to site” button to be safely redirected to your chosen lender.
Please make sure that you have read the relevant T&Cs or PDS of the loan products before making a decision. Moreover, check the eligibility requirements as well and consider whether the product is right for you.
Also if you can, contact first the lender and discuss your options and chances of approval before you send anything final for your application.
I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.
Have a wonderful day!
Cheers,
Joshua
Cheers,
Anndy