BankSA personal loans

BankSA offers unsecured and secured personal loans and unsecured personal overdrafts for a variety of purposes. Approved borrowers can take out loans of between $3,000 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 weekly, fortnightly or monthly.

BankSA personal loans can be used for a range of different purposes, including:

• Debt consolidation
• Car financing
• Wedding financing
• Holidays
• Investing
• Wide range of other uses

Customers looking to contact BankSA customer service can call a personal banking hotline from Monday to Saturday, 8.00am to 8.00pm (AEST).

Other ways to contact BankSA include:

• Online banking
• Online live chat
• Email
• Phone

To be eligible for a BankSA personal loan, you’ll need to meet the following criteria:

• Be at least 18 years old  
• Be an Australian citizen, permanent resident or have a valid visa
• Be an Australian citizen or permanent resident
• Use the loan for personal use only

Applications for a BankSA personal loan can be made online. The process takes around 10 minutes and involves the following  steps:

• Once you’ve compared and selected a personal loan, apply on the BankSA website
• Once your application is completed, BankSA will review your application
• If your application is approved, BankSA will send you a contract which can be accepted online
• Upon final approval, the funds will be credited to your loan account

At the time of application, you’ll need to provide the following documentation:

• Proof of identity
• Proof of income and employment
• Details of any other financial commitments
• Contact details for a reference

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 repayment and redraw facilities that are likely to appeal to many looking for a personal loan. Borrowers also have the option of choosing between weekly, fortnightly and monthly repayments.

BankSA personal loans do have flexible features and reasonable rates; it’s worth noting that there are charges for features like redraws and early repayments. In addition, borrowers will pay an application fee, as well as an ongoing monthly loan fee.

A personal loan from BankSA can be used for a wide range of purposes, ranging from debt consolidation to holidays, wedding and buying a car. With a few personal loans on offer, borrowers can choose between fixed or variable interest rates and a secure or unsecured loan option.