BankSA Unsecured Fixed Rate Personal Loan Up to $50,000, Low Rates, Fortnightly Repayments and No Security

Why choose the BankSA Unsecured Fixed Rate Personal Loan

The BankSA Unsecured Fixed Rate Personal Loan gives Australians a straightforward way to borrow up to $50,000 without putting up property as security. With fixed rates from 6.89% to 19.99% p.a. and a clear comparison rate, you get repayment certainty that suits household budgets and planning.

This product is ideal for debt consolidation, home renos or unexpected costs where quick access to funds matters. BankSA’s online application and fast response times make the loan practical for people who need a simple, reliable borrowing solution in Australia.

Costs, fees and repayment flexibility

Know the numbers: establishment fee $150, monthly administration fee $10 and direct debit failure fee $9. Early repayment fees apply ($150 if closed within 12 months, $100 if closed later), so factor these into your repayment strategy when planning to repay early.

Repayment frequency is flexible — weekly, fortnightly or monthly — which helps line up repayments with pay cycles. The loan term ranges from 1 to 7 years, and BankSA provides online account tracking so you can keep tabs on balances and repayments easily.

How the fixed rate and unsecured feature help you

The fixed-rate nature of the BankSA Unsecured Fixed Rate Personal Loan means your repayments stay stable for the life of the loan, so you won’t be hit by unexpected hikes in interest. That stability makes budgeting simpler for families, tradies and professionals across Australia.

Being unsecured means no home or asset is required as collateral, which suits renters, first-home buyers and anyone who prefers not to put property at risk. Although unsecured loans can have different pricing to secured credit, BankSA’s competitive rates keep borrowing affordable.

Applying, eligibility and local considerations

Applying for the BankSA Unsecured Fixed Rate Personal Loan is straightforward and designed for online completion in about 15 minutes, with a quick indication often returned within 60 seconds. You’ll need to be over 18, have an Australian residential address and supply basic employment and financial details.

Before you accept, read the Product Disclosure Statement (PDS) and Target Market Determination (TMD) to understand terms like comparison rates and break costs. If you’re consolidating credit card debt or funding a reno, compare total costs and repayment amounts to make sure the loan aligns with your cash flow and goals.