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Media Release

BankSA announces changes to variable interest rates

Friday, 24 March 2017

BankSA today announced changes to interest rates across a range of variable lending products for home owners and investors.

  • Variable home loan (owner occupier) will remain unchanged at 5.29% per annum for customers with principal and interest repayments;
  • Variable home loan (owner occupier) will increase by 0.08% to 5.49% per annum for customers with interest only repayments1;
  • Variable residential investment property loan rate will increase by 0.24% to 5.78% per annum for customers with principal and interest repayments1; and
  • Variable residential investment property loan rate will increase by 0.32% to 5.98% per annum for customers with interest only repayments1.

BankSA small business loans will also increase by 0.08%2.

Customers who wish to discuss these changes, and the options available to them, can visit their local BankSA branch, contact 13 13 76, or visit www.banksa.com.au.

 


1 Changes are effective 8 May 2017.
2 Changes are effective 3 April 2017.