With everything from bank accounts and personal loans for everyday transactions to superannuation and term deposits – BankSA is a leading provider of competitive financial products and services.
Part of Westpac
Westpac is one of Australia’s big four banks and BankSA is wholly owned by them. This is why they are able to offer customers the lowest rates on the market and some of the most advanced technologies in the world.
Great Customer Service
BankSA has a fantastic customer service policy that ensures all customers are treated as well as their staff are.
They will quickly respond to online or email queries and it is easy to get through to their call centre should you wish to take care of something urgently.
Availability and customer serviced may not be something that people consider when looking for a loan, credit card or bank account but, it certainly should be because it makes a significant difference.
Community Growth and Support
BankSA are passionate about supporting the South Australian communities they operate in, whether it is of a sport or cultural nature, they are willing and ready to lend a hand.
What BankSA can offer you
If you’re looking for vehicle finance with BankSA you will need to have a look at their secured personal loan product.
This product offers between $3,000 and $80,000 from rates of 8.49% per annum on their fixed rate option with a maximum loan term of 5 years.
Variable Rate Personal Loan
They also have a variable rate personal loan option which starts from 12.74% per annum with a longer maximum loan term of up to 7 years.
They have made a redraw facility available to customers but, the minimum redraw amount is $500 and it is subject to approval.
Upon completion of an online loan application or even an in-store application you will need to pay a $195 application fee and thereafter an admin fee of $9 per month for the life of the loan.
With their fixed rate loan option you cannot repay the loan early or redraw additional funds should you be in need of a quick cash loan or extra money at a later stage.
BankSA does allow people to finance a used vehicle with their secured personal loans; however, the vehicle cannot be older than 12 years upon conclusion of the loan agreement.
In a Nutshell
- Loan minimum $3,000
- Loan maximum $80,000
- Interest rate From 12.74% per annum for variable rates and 8.49% per annum for fixed rate
- Loan term minimum 1 year
- Loan term maximum 5 for fixed and 7 for variable
- Average processing time 48 hours
- Online application
- In-store application
- Unsecured loan option
- Secured loan option
Car Loans with a Difference
It is very easy to apply for a car loan with BankSA since it can be done in person at a branch or by filling in an online loan application via their website.
Secured versus Unsecured
BankSA offer their customers both an unsecured and a secured personal loan option. Although the secured option is more ideal for purchasing a vehicle those who wish to but a second hand car may prefer the flexibility that the unsecured loan offers.
Can you Apply?
If you are over the age of majority and are an Australian permanent resident or citizen then you can apply for a quick loan to get a car from this lender.
You will also need to provide all of your personal and employment details including:
- Where you work and how much you earn
- Any assets and/or investments you have
- Details of any and all debts under your name
- Your monthly income and expenses overall
- You personal and contact details
- The details of the car loan you desire
- A personal reference and their contact information
Eligibility & Requirements
- Employed full-time
- Credit check
- Valid identity document
- Utility bill or other (proof of address)
- Bank statements or payslips (proof of income)
Other Products & Services
- Bank Accounts
- Home Loans
- Credit Cards
- Personal Loans
- Car Loans
- 323 Urana Rd, Lavington, NSW, 2641, Australia
- BankSA GPO Box 399, Adelaide, 5001, Australia
- Monday 07:00 – 19:00
- Tuesday 07:00 – 19:00
- Wednesday 07:00 – 19:00
- Thursday 07:00 – 21:30
- Friday 07:00 – 19:00
- Saturday 08:00 – 17:30
- Sunday 08:00 – 17:30