Rating based on 25 reviews


  • Business loans up to $1,000,000
  • Low-interest starting from 5.33%
  • Repayment up to 260 months

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BankSA homepage
Author BankSA. Screenshot of BankSA website.
[Accessed May 24, 2023]

About BankSA

BankSA – also known or referred to as the Savings Bank of South Australia has a long and humble history dating back some 169 years and is currently serving at least 1 in 4 South Australians.

This large and competitive bank, as of 2008, became part of the Westpac Banking Group – one of Australia’s largest and most profitable “big four” banks.

A full range of banking and lending services

BankSA offers private individuals a massive range of highly competitive products and services including low fee banking accounts, quick online cash loans, personal loans for renovations, credit cards, home loans and of course, many high-interest earning savings and investment accounts.

Business lending, transacting and banking products

When it comes to financial products and services for businesses few banks get it right like BankSA.

They have a competitive range of business banking accounts, business credit cards, business finance and a range of business super products as well as EFTPOS payment solutions to name just a few.

In addition to the comprehensive range of products they offer, you will also find that BankSA has some of the most advanced and user-friendly online and mobile business banking applications and platforms.

BankSA Services

BankSA has a range of useful business articles which discuss everything from our transition to a “cashless society” to business plans and networking for business owners and entrepreneurs.

These informative articles are written by industry experts and business owners and are simply a treasure for any growth orientated business.

Get free tax, accounting and legal advice

As a BankSA business customer, you will benefit from access to a range of experts and professional advisors who will help you with legal, tax and accounting queries – for free!

Whether you need the advice or not - this is certainly a value added service that makes this bank stand out from the rest.

Business loans that take care of the things that matter

BankSA offers small business loans that range from $20,000 to a maximum of $1 million with flexible terms that work with your business’ cash flow and can be altered and updated as necessary.

These term loans can be used for almost anything from better managing cash flow to purchasing new equipment and stock – the options and possibilities are endless. According to their website, the only prerequisite to making an online loan application is to have an already operating business registered in Australia.

BankSA – Business loan

  • Loan Type Business loans
  • Interest Rate 5.336.56% p/a
  • Loan Amount up to $1,000,000
  • Repayment 12 months to 260 months

Benefits of BankSA

  • Flexible repayment terms
  • Competitive interest rates
  • Unsecured loan options

Business loan calculator

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

A well-rounded range of business finance options

One of the first considerations when looking for a business loan is, of course, how much you need to borrow.

If you’re looking for a business loan in excess of $1 million - than you will need to look at BankSA’s commercial business lending options.

If you’re looking to finance equipment then BankSA will offer you vehicle and equipment finance that offers tax benefits and flexible loan terms of up to 7 years.

Other options include a business credit card, business line of credit or a business overdraft – all of which are highly effective ways to manage cash flow and fund business growth.

Apply in-branch or by calling BankSA

Since BankSA, as with all divisions of Westpac, have a very wide range of business finance products it is best to discuss your individual needs with a consultant or advisor in person or over the phone.

You cannot apply for a loan online but, you may use their website to fill in a contact request form, after which someone will be in contact with you to discuss your needs.

I can’t pay my business loan on time

Should you encounter problems that may lead to you paying your business loan on time, please inform them. Although you'll be liable for extra charges, at least you would have notified them on time. 

Frequent late payments will give you a bad credit profile. BankSA normally ask customers to not apply for a business loan if they aren’t too certain they'll be able to meet the payment schedules.

What is the best payment method for a loan?

When you pay your business loan using the debit order system, it makes things better for all parties involved. This way, you won’t have to remember to ensure that payment was done because the debit order will be automated.

It's your responsibility to ensure that you have sufficient funds in your bank account on the day of the debit order payment.

man holding thumbs up

BankSA is a trusted & reliable provider of business loans

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

✅ BankSA is a registered credit provider in Australia: ACL 233714

Customer Reviews & Testimonials

November 2018

BankSA has the easiest and most convenient credit application system for businesses.

Ethan J
— Canberra —

April 2019

I don’t know where my business would have been if it weren’t of the business loan that I got with BankSA.

Gareth V
— Perth —

BankSA Contact

Contact Number


  • not available


Physical Address

Postal Address

  • GPO Box 399, Adelaide, 5001, Australia

Opening Hours

  • Monday 09:00 – 18:00
  • Tuesday 09:00 – 18:00
  • Wednesday 09:00 – 18:00
  • Thursday 09:00 – 18:00
  • Friday 09:00 – 18:00
  • Saturday 09:00 – 17:00
  • Sunday 10:00 – 18:00