If you haven’t already caught up with BankSA’s decision last month to cut its fixed home loan rate for the three year term, it’s never too late to take advantage of the great offer.

BankSA’s new three year fixed rate under the Advantage package is now among the best in the market at 4.99% per annum.  The one and two year term rate remains a competitive 4.79% per annum and 5.69% per annum for the four and five year terms as part of the Advantage Package.

New fixed rate from BankSA:

• 3-year    4.99% per annum  (a reduction of 0.10% per annum)

The fixed rate is available to new customers, as well as existing customers who would like to fix part, or all, of their current home loan.

Matt Janssen, BankSA’s Head of Home Lending, says the highly competitive fixed rates on offer, will help more customers start owning their own home and is great news for people looking to enter the property market for the first time.

“We’re seeing many of our customers choosing to fix a large part, but not all, of their loan. This gives customers the peace of mind that comes from a set repayment each month, but with some flexibility of a variable loan. This is a great way for customers to manage their personal finances more effectively,” he said.

For a limited time, South Australians can also benefit from a $1,250 cash back offer if they switch their home loan to BankSA.

As part of BankSA’s Advantage Package, customers can take advantage of discounts on home loan interest rates and fee savings, as well as have access to discounts on home and contents insurance, and credit cards.

BankSA offers a variety of home loan options to suit different needs – including for first home buyers, property investors, those upgrading their home and those refinancing their home loan.

For more information, or assistance and advice in relation to existing or new loans, customers can visit their local BankSA branch, www.banksa.com.au or call 13 13 76.