Grab up to $50,000 with BankSA Unsecured Fixed Rate Personal Loan, Low Fixed Rates and Fortnightly Repayments

Overview of the BankSA Unsecured Fixed Rate Personal Loan

The BankSA Unsecured Fixed Rate Personal Loan is a straightforward borrowing option for Australians who need up to $50,000 without putting up security. With fixed interest and clear fortnightly repayment choices, this personal loan helps households manage cash flow and avoid surprises on their repayments.

This unsecured fixed rate product suits people wanting debt consolidation, home improvements or unexpected expenses. BankSA’s online application and internet banking make it easy to track your balance and stay on top of repayments.

Rates, amounts and fees

Interest rates for the BankSA Unsecured Fixed Rate Personal Loan range from 6.89% to 19.99% p.a., with comparison rates between 7.81% and 20.83% depending on your loan size and term. You can borrow from $2,000 up to $50,000 for terms between 1 and 7 years, so you can tailor repayments to your budget.

Be aware of upfront and ongoing costs: an establishment fee of $150, a monthly administration fee of $10, direct debit failure fees of $9, and early repayment fees of $150 if repaid within the first 12 months or $100 thereafter. These fees mean you should check the PDS and factor total cost into your decision.

Repayments and flexibility

The loan offers flexible repayment frequencies: weekly, fortnightly or monthly, with fortnightly repayments popular here in Australia because they align with many pay cycles and effectively reduce interest faster. Fixed rate repayments mean your scheduled amount stays the same throughout the agreed term, helping with household budgeting.

BankSA’s online banking and repayment tools let you set up direct debits, view remaining balance and adjust payment timing where allowed. Even though the loan is unsecured, the predictable repayment plan reduces stress for borrowers managing multiple accounts.

Who should apply and how to proceed

The BankSA Unsecured Fixed Rate Personal Loan is well suited to borrowers who need up to $50,000 without using property as security and who value stable repayments. If you want to consolidate higher-rate credit card debt or finance home improvements with a predictable monthly or fortnightly bill, this personal loan is worth considering.

Eligibility generally requires being over 18, an Australian resident and providing income and employment details when applying online. Before applying, read the Product Disclosure Statement and Target Market Determination to confirm the BankSA Unsecured Fixed Rate Personal Loan fits your situation, compare rates and use the online calculator to estimate fortnightly repayments. If it looks right, start the quick online application and get a fast decision so you can move forward with confidence.