Your guide to home loan lingo
There can be heaps to get your head around when it comes to home loans, so we’ve created these handy animations to help you understand the lingo.
A guide to Loan-to-Value Ratio
LVR compares your loan amount to our property valuation: the larger your deposit, the lower your LVR %, and the less likely you’ll need Lenders Mortgage Insurance.
A guide to Lenders Mortgage Insurance
An insurance policy that covers us if you fail to repay your loan, LMI can help you buy your home sooner if you haven't yet reached a 20% deposit.
A guide to Offset Accounts
Learn how linking a 100% offset transaction account to your home loan could help reduce your interest payable on your home loan.
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What's next?
Looking to buy your first home or do you want to know about refinancing?
The money side
Get an idea of your borrowing power, monthly repayments and upfront costs.
Important information
Conditions, credit criteria, fees and charges apply. Based on BankSA’s credit criteria, residential lending is not available for Non-Australian resident borrowers. Interest rates subject to change. Before making a decision, it’s best to read the terms and conditions.
Loan Accounts – Charges for specific services and accounts (PDF 55KB)
This information is general in nature and has been prepared without taking your objectives, needs and overall financial situation into account. For this reason, you should consider the appropriateness of the information to your own circumstances and, if necessary, seek appropriate professional advice.
Taxation considerations in this publication should not be interpreted or used as tax advice or a tax guide.
Advantage Package: Terms & Conditions (PDF 601KB) apply. A $395 annual package fee applies and is payable from an eligible BankSA transaction account. Before deciding to acquire a BankSA transaction account, read the terms & conditions, and consider if the product is right for you.
LVR stands for the initial loan to value ratio. LVR is the amount of your loan compared to the Bank’s valuation of your property offered to secure your loan expressed as a percentage. Home loan rates for new loans are set based on the initial LVR and won’t change during the life of the loan as the LVR changes.