BankSA Unsecured Personal Loans


$200 Fuel card with every Unsecured Personal Loan of $10,000 or more for a new or used car. Offer ends 28 June 2018. Get the flexibility to repay more with a variable rate or set your repayments with a fixed rate, the choice is yours.


Interest Rate - Fixed
12.99 % p.a.

Interest Rate - Variable
12.99 % p.a.
Establishment Fee
$195
Monthly Service Fee
$12

$200 Fuel card with every Unsecured Personal Loan for a car

Buy a new or used car with an Unsecured Personal Loan of $10,000 or more and get a $200 fuel card. Offer ends 28 June 2018.

  • Interest Rate - fixed
    12.99% p.a.
  • Comparison Rate - fixed
    14.06% p.a.^
  • Interest Rate - variable
    12.99% p.a.
  • Comparison Rate - variable
    14.06% p.a.^
  • Establishment Fee
    $195
  • Early repayment fee
    $150 + break costs apply for fixed loans
  • Monthly Service Fee
    $12
  • Missed Payment Fee
    $9
  • Declined direct debit fee
    $9


Secure online application


  • Clicking the Apply Now button will take you to your Online Application on the bank's website.
  • Your application will take less than 10 minutes to complete

Some Benefits of Bank of Melbourne Unsecured Personal Loans

  • Choose between a fixed rate or variable rate

    Fixed rate allows for set repayments for simpler budgeting. Varible rate lets you pay your loan off sooner with fewer fees.

  • Consolidate debts

    Consolidate debts to a single loan, with one rate, regular repayment and set of fees.

  • Redraw facility on variable rate loans

    Redraw a minimum of $500 from your loan amount if you need to, provided you’re at least $500 ahead on your repayments.

  • Loan terms

    Choose a loan term of 1-7 years to suit your circumstances and make weekly, fortnightly or monthly repayments.

  • Internet banking access

    Manage your loan and track repayments online or through your mobile banking app.

The BankSA Unsecured Personal Loan

In choosing the BankSA Unsecured Personal Loan, you can enjoy plenty of flexibility. Not only can you benefit from flexible repayment options and flexible loan terms, you also have the option of choosing a fixed rate loan or a variable rate loan, depending on your needs and circumstances. With a number of handy features on offer, this loan also gives you a $200 fuel card if you borrow $10,000 or more to buy a new or used car (offer ends 28 June 2018).

What we love...

Who doesn’t love saving money? Helping to save you money on running costs, the BankSA Unsecured Personal Loan is currently offering a $200 Caltex fuel card if you apply for a personal loan of $10,000 or more to buy a new or used car. Simply apply by 28 June and draw down by July 31, and your $200 fuel card could save you money on your next trip to the servo.

Aside from that though, there is a lot to love about this loan. First off, you can use it to fund pretty much anything. Time to install that dream kitchen? You got it. Want to take that dream holiday? Get booking. Thinking about simplifying your finances by consolidating your debt? This personal loan could help you get it done.

You can borrow $2,000 to $40,000, without having to put up an asset as security. You can take out a fixed rate loan over one to five years, or a variable rate loan over one to seven years, with repayment options to suit your circumstances. That means you can opt for weekly, fortnightly or monthly repayments, with repayment amounts to suit your budget.

What’s not so great...

Before applying for a loan, it’s best to know how much it will cost you. While the advertised interest rate is big and bold, you really need to think about the fees you will also have to pay. With the BankSA Unsecured Personal Loan, there is an establishment fee and monthly administration fee, plus other applicable fees, such as redraw fees and early repayment fees.

It’s also worth bearing in mind that BankSA utilises risk-based pricing, which means your loan interest rate may vary between 12.49% p.a. and 19.99% p.a., depending on the bank’s credit assessment and the detail in your application. However, it’s good to know your loan is more likely to be approved if you’ve been with BankSA for six months or more.

Why should you choose this personal loan?

As long as you’re aware of the full cost of this loan, it could be a great deal for you. You could opt for a fixed rate loan, making budgeting easier with fixed repayment amounts over a set period of time. Or, you could choose a variable rate loan, taking advantage of any interest rate decreases, and the bank’s redraw facility, if you need it.

With the redraw facility, you can redraw from the amount you’ve repaid, as long as you’re at least $500 ahead on your repayments. Take note that each redraw is subject to approval and a redraw fee. In terms of other handy features, this loan option makes it easy to manage your loan and track your repayments, using internet banking and the mobile banking app.

Overall Rating

Perfectly flexible, this unsecured personal loan offers the option of fixed or variable interest, with flexible loan repayments and loan terms. Borrow $10,000 or more to buy a new or used car by 28 June 2018, and you can also benefit from a $200 fuel card.

Other Pros

  • A fixed interest rate of 12.99% p.a. (comparison rate of 14.06 p.a.^) available for new loans only
  • A variable interest rate of 12.99% p.a. (comparison rate of 14.06 p.a.^) available for new loans only

Cons

  • $150 Early repayment fee if you fully repay the loan within the first 12 months (you will also have to pay break costs on early repayment of a fixed rate loan)
  • $100 Early repayment fee if you fully repay the loan after the first 12 months and before the end of the loan term (you will also have to pay break costs on early repayment of a fixed rate loan)

BankSA Unsecured
Personal Loans

Apply now

How to apply for a BankSA Unsecured Personal Loan

If you are interested in applying for a BankSA Unsecured Personal Loan, then it is as easy as clicking the 'apply now' button to be redirected to the online application form. Take a look at the application criteria and what you will need to apply:



Application criteria

Make sure you meet the following criteria before you apply:

  • Aged 18 years or over
  • Regular permanent income
  • You need to be a permanent resident of Australia

Required information

  • Identification
  • Financial information, including details of your existing financial commitments
  • Income and employment details

If this loan sounds like it is right for you, hit the 'apply now' button to get the application process started.

BankSA Unsecured Personal Loans