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

Product snapshot

The BankSA Unsecured Fixed Rate Personal Loan is a straightforward way to borrow up to $50,000 with predictable repayments and no security required. Designed for Australians who need funds for renovations, debt consolidation or unexpected bills, it offers a clear fixed-rate structure that helps you budget without surprises.

With terms from 1 to 7 years and flexible repayment frequencies, this BankSA personal loan fits a range of household budgets. The unsecured nature means you won’t need to put up your house or car as collateral, making it accessible if you don’t own property or prefer not to risk assets.

Rates and borrowing details

Interest rates for the BankSA Unsecured Fixed Rate Personal Loan typically range from 6.89% to 19.99% p.a., with comparison rates quoted between 7.81% and 20.83% depending on your loan size and term. You can borrow from $2,000 up to $50,000, so whether you need a small top-up or a larger sum, the product scales to your needs.

The fixed rate means your fortnightly repayments stay consistent for the loan’s life, which is handy if you’re paid fortnightly and want to sync repayments to your pay cycle. Choose weekly, fortnightly or monthly repayments to suit cash flow and make budgeting simpler across your household expenses.

Fees, admin and what it really costs

Be mindful of the fees: there’s an establishment fee (around $150) and a monthly administration fee (about $10), plus direct debit failure fees and potential early repayment costs. Break costs can apply if you repay early, so factor those into any plan to pay the loan out ahead of schedule.

Although the headline rates can be competitive, always check the comparison rate and read the Product Disclosure Statement so you understand total borrowing costs. Using an online repayment estimator or speaking with a BankSA representative can help you compare scenarios and avoid nasty surprises.

Who should apply and how to get started

This BankSA personal loan is ideal for Aussies wanting a fixed, predictable repayment schedule without securing the loan against an asset — useful for debt consolidation, home renos, car repairs or medical costs. If you value a fast online process and clarity around repayments, this product ticks a lot of boxes.

To apply you must be over 18, have an Australian residential address and provide basic ID, employment and income details. The online application is quick and often gives a near-immediate response, making it practical when you need funds promptly and want to manage everything from internet banking.