Rating based on 37 reviews

Bank SA

  • Personal loans up to $80,000
  • Low-interest starting from 7.47%
  • Repayment up to 5 years

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Bank SA homepage
Author Bank SA. Screenshot of Bank SA website.
[Accessed May 2, 2023]

Bank SA - We are with you all the way

Bank SA has become the forerunner in South Australia since they were established in March 1848. Back then they started as a small one-person outfit.

Within a month Bank SA made their first loan and since then they have helped many Australians reach their financial goals.

A bank dedicated to the community 

They hold a profound dedication to their local communities, an integral aspect of South Australia's fabric.

Investing in smaller charitable organizations is a cornerstone of their philosophy, driven by the belief that substantial positive impact can stem from such endeavours.

Their heritage is a source of pride, and they have outlined a distinct roadmap for the days to come.

Resources will be allocated strategically to propel programs aimed at fostering the betterment of local communities.

The Bank SA mission to improve communities

  • They operate at a local level
  • They identify and invest in innovative ideas
  • They use their resources and innovative focus to create a lasting positive impact

We have competitive interest rates

Bank SA has a fast and convenient online loan application. Consider your loan requirements before you apply for a loan.

Bank SA has many loan options to choose from and each loan option carries a range of benefits. Their personal loans carry a flexible loan term as well as competitive interest rates.

Personal loans

Bank SA's personal loan options are designed around your specific financial needs. You can choose the amount you need to borrow and have a choice of repayment terms. You can choose between a fixed or variable rate.

With a fixed rate you have the security of knowing that your interest rate won't change during the repayment time. You also have the choice of making as many additional payments at no additional cost.

Variable interest rate

A variable rate loan gives you flexibility, you can make extra payments and redraw them at any time.

Making loan and credit card payments using direct debit can save you time and help avoid missed payments. This helps you avoid fees that could apply when you make a late or missed payment.

Bank SA – Personal loan

  • Loan Type Personal loans
  • Interest Rate 7.4714.06% p/a
  • Loan Amount up to $80,000
  • Repayment 1 year to 5 years

Benefits of Bank SA

  • Use your loan to consolidate your debt
  • Apply for a loan with bad credit
  • Fixed interest rates

Personal loan calculator

The interest rate of a loan will vary based on your credit score and risk profile.
This personal loan calculator is for illustration purposes only.
The use of this loan calculator is subject to our terms of use.

Bank SA – loans that you can rely on

Bank SA offers many ways to help you monitor you’re your personal loan.

It's important for you to keep updated with your loan information to avoid fees that can occur from a missed payment or an overdue payment.

This is how they help you manage your loan

  • Internet and phone banking
  • Bank SA ATM balance enquiries
  • SMS and email alerts
  • Call them 24/7

How to apply for a secured loan

  • Apply online, it only takes a couple of minutes
  • They'll review your application and give you instant feedback
  • Give them information about the asset you're using as security

Unsecured loans

An unsecured loan does not require any asset to be used as security. You can qualify to borrow between $2,000 and $40,000 and choose a personal loan term between 1 – 7 years. You can make payments weekly, fortnightly or monthly.

You can redraw funds when you are ahead $500 on your loan repayments. A great benefit is that you can conveniently manage your long or short term loan through a mobile banking app. This loan can be used for anything from renovating your home, consolidating debt, travel and even to pay for school fees.

Personal overdraft

A personal overdraft gets you the cash you need fast. You can apply for a credit limit of between $500 and $20,000 that you can access from your Complete Freedom transaction account when your balance is $0. You can apply for an overdraft online and you will get feedback in 60 seconds. As soon as you've been approved your overdraft account will be available within 15 minutes, giving you the freedom to pay for that unexpected expense.

Bank SA not only support the community, but  also save you money with their low-interest rates and affordable quick loan options. Apply for a loan or overdraft online and the funds will be available almost immediately.

man holding thumbs up

Bank SA is a trusted & reliable provider of personal loans

In our review, Bank SA adheres to the compliance criteria in accordance with the National Consumer Credit Protection Act 2009, where the granting the loan will not cause financial distress to the consumer.

✅ Bank SA is a registered credit provider in Australia: ACL ACL 233714

Customer Reviews & Testimonials

I like that I have access to a variable interest rate that also allows me to redraw more money when needed.

Sabrina K
— Canberra —

Affordable and fast.

Abigail H
— Darwin —

Honestly took about 5 minutes to complete the application form and was approved in about as much time. Well worth it!

Alex H
— Gold Coast —

BSA's consultants really listened to my financial needs and helped me work out the best loan choice for me.

Alicia G
— Newcastle —

Bank SA Contact

Contact Number


  • not available


Physical Address

Opening Hours

  • Monday 09:30 – 16:00
  • Tuesday 09:30 – 16:00
  • Wednesday 09:30 – 16:00
  • Thursday 09:30 – 16:00
  • Friday 09:30 – 17:00
  • Saturday 09:30 – 13:30
  • Sunday – Closed