7.8 / 10

based on 44 reviews as rated by Mozo community

Bank of Sydney home loans

Bank of Sydney has been operating under a full licence since 2001. It has branches in Sydney, Melbourne and Adelaide, and is committed to making you feel like a VIP. So for a home loan where you come first, check out what’s on offer from Bank of Sydney.

What home loans do Bank of Sydney offer?

Rates and fees verified as correct at 04 December, 2020. Other information correct at the time of writing. Advertiser disclosure.

Variable Rate Home Loans

For a no nonsense variable rate home loan, check out this offer from Bank of Sydney. Available for amounts starting at $100,000 up to 90% of the property's value, the Variable Home Loan comes with application, legal, valuation and a monthly service fee attached. You’ll get a range of money saving features, including unlimited free repayments, a free redraw facility (minimum amount applies) and the chance to take a repayment holiday. You can also add an offset account to your home loan by paying a small fee.

Home loan repayments calculator

years

Product Rate Comparison Rate Service fee Upfront fee Monthly repayments ‡

3.23% p.a.

3.28% p.a.

$0.00

$750

2.84% p.a.

2.89% p.a.

$0.00

$750

3.40% p.a.

3.45% p.a.

$0.00

$750

3.20% p.a.

3.25% p.a.

$0.00

$750

Fixed Package Home Loan

Want the security of fixed rates on your mortgage? Check out Bank of Sydney’s fixed rate home loan package. You'll pay a yearly fee and be able to borrow up to 90% of the property’s value, starting from $100,000. In terms of features, you’ll be able to make free extra repayments up to $10,000 p.a., and have the chance to take a repayment holiday. You can also choose to split your loan between fixed and variable rates.

Home loan repayments calculator

years

Product Fixed 3 year rate Comparison Rate Service fee Upfront fee Monthly repayments ‡

3.18% p.a.

3.44% p.a.

$395.00 yearly

$150

2.79% p.a.

3.34% p.a.

$395.00 yearly

$150

2.79% p.a.

2.92% p.a.

$0.00

$150

3.35% p.a.

3.88% p.a.

$395.00 yearly

$150

3.15% p.a.

3.83% p.a.

$395.00 yearly

$150

Variable Package Home Loan

Opt for a package home loan from Bank of Sydney for all the flexibility of a variable rate home loan, along with package benefits! Like the fixed rate alternative, you can borrow up to 90% of the property’s value, starting from $100,000 and pay a yearly service fee. You’ll also have the use of a bunch of great features, including an offset account, unlimited free extra repayments, free redraw facility (minimum applies) and the chance to take a repayment holiday.

Home loan repayments calculator

years

Product Rate Comparison Rate Service fee Upfront fee Monthly repayments ‡

2.94% p.a.

3.38% p.a.

$395.00 yearly

$150

2.94% p.a.

2.96% p.a.

$0.00

$150

3.60% p.a.

4.02% p.a.

$395.00 yearly

$150

3.50% p.a.

3.92% p.a.

$395.00 yearly

$150

WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.

‡ Results from this calculation are estimates only as individual lenders apply different formulas. Actual repayments will depend on your individual circumstances and interest rate changes.

Bank of Sydney home loan features in a glance

Rate icon

Split rate option

Can’t choose between variable and fixed rates? No problem! With any Bank of Sydney home loan, you can split your home loan and have the best of both worlds.

Free icon

Free extra repayments

If you choose a variable rate option, you can pay your home loan off faster with unlimited fee-free extra repayments. But if you’re going for a fixed rate offer, just remember these payments are capped at $10,000 p.a.

Repayment Icon

Flexible repayment schedule

You can make your home loan repayments monthly, fortnightly or weekly - whichever suits your budget best.

How are Bank of Sydney home loans rated?

Mozo users have rated Bank of Sydney home loans on price, features, convenience, trust and customer service so you can see what real Aussies have to say about their experiences.

Icon of home-loans
Bank of Sydney home loans
Overall
7.5/10
Price
Features
Customer service
Convenience
Trust

4 Reviews

Recent Bank of Sydney home loan reviews

Bank of Sydney Home Loan review
Overall 10/10
Excellent

Excels in every way

Read full review

Excels in every way

Price
10/10
Features
10/10
Customer service
10/10
Convenience
10/10
Trust
10/10
Less
Areti , reviewed almost 6 years ago
Bank of Sydney Home Loan review
Overall 8/10
Excellent customer service

True Personal Relationship banking.. you go there and speak straight to the manager

Read full review

True Personal Relationship banking.. you go there and speak straight to the manager

Price
7/10
Features
9/10
Customer service
9/10
Convenience
9/10
Trust
7/10
Less
Nadia, New South Wales reviewed over 6 years ago
Bank of Sydney Home Loan review
Overall 4/10
Competitive premiums and great

It is good.

Read full review

It is good.

Convenience
5/10
Trust
4/10
Less
Mozo community reviewer, New South Wales reviewed over 7 years ago
Bank of Sydney Home Loan review
Overall 8/10

Simple products. No "fine print" or complicated setups. Relationship managers Are easy to access directly and are always willing to help.

Read full review

Simple products. No "fine print" or complicated setups. Relationship managers Are easy to access directly and are always willing to help.

Price
8/10
Features
7/10
Customer service
10/10
Convenience
10/10
Trust
9/10
Less
George, New South Wales reviewed about 12 years ago

What do you need to apply for a Bank of Sydney home loan?

If you’ve decided to apply for a Bank of Sydney home loan, you can put in an enquiry online, or pop into your local branch to chat about an application. Here are a few things to have with you when you go:
  • I.D
  • Personal contact details
  • Proof of income (usually means recent payslips)
  • Details of any other income - might include shares, investments or rental properties
  • Financial details - including savings, assets, debts, super and ongoing expense

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