7.5/10

Based on 53 Bank of Sydney product reviews as rated by the Mozo customers. More about the Mozo Customer Ratings.

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 with personal service, relationship banking and competitive products and services. 

What home loans do Bank of Sydney offer?

Rates and fees verified as correct at 29 May 2024. 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 70% of the property's value, the Variable Home Loan comes with a couple of upfront fees. But in turn, 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.

Home loan repayments calculator

years

Product Rate Comparison Rate Service fee Upfront fee Monthly repayments

6.14% p.a.

6.18% p.a.

$0.00

$450

6.14% p.a.

6.18% p.a.

$0.00

$450

6.14% p.a.

6.18% p.a.

$0.00

$450

6.49% p.a.

6.35% p.a.

$0.00

$450

6.49% p.a.

6.35% p.a.

$0.00

$450

6.49% p.a.

6.35% p.a.

$0.00

$450

6.59% p.a.

6.45% p.a.

$0.00

$450

6.29% p.a.

6.33% p.a.

$0.00

$450

6.29% p.a.

6.33% p.a.

$0.00

$450

6.29% p.a.

6.33% p.a.

$0.00

$450

6.39% p.a.

6.43% p.a.

$0.00

$450

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 be able to borrow up to 80% 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

6.49% p.a.

6.50% p.a.

$125.00 yearly

$450

6.89% p.a.

7.16% p.a.

$395.00 yearly

$400

6.79% p.a.

6.73% p.a.

$125.00 yearly

$450

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 80% of the property’s value, starting from $100,000. You’ll also have the use of a bunch of great features, including an offset account, unlimited free extra repayments, a 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

7.55% p.a.

7.70% p.a.

$125.00 yearly

$450

6.29% p.a.

6.44% p.a.

$0.00

$450

6.29% p.a.

6.44% p.a.

$0.00

$450

6.29% p.a.

6.44% p.a.

$0.00

$450

6.69% p.a.

6.66% p.a.

$125.00 yearly

$450

6.69% p.a.

6.66% p.a.

$125.00 yearly

$450

6.69% p.a.

6.66% p.a.

$125.00 yearly

$450

6.69% p.a.

6.66% p.a.

$125.00 yearly

$450

8.15% p.a.

8.29% p.a.

$125.00 yearly

$450

6.49% p.a.

6.64% p.a.

$125.00 yearly

$450

6.49% p.a.

6.64% p.a.

$125.00 yearly

$450

6.49% p.a.

6.64% p.a.

$125.00 yearly

$450

6.59% p.a.

6.64% p.a.

$125.00 yearly

$450

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.

Schedule icon

Flexible repayment schedule

With a Bank of Sydney fixed rate loan, 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 customer reviews
Overall
5.5/10
Price
6.6/10
Features
6.8/10
Customer service
7.5/10
Convenience
7.8/10
Trust
6.4/10
Based on 6 Bank of Sydney product reviews as rated by the Mozo customers. More about the Mozo Customer Ratings.
Mozo recommends that ratings are only one factor to be taken into account when deciding whether to take up any financial product offer.

Recent Bank of Sydney home loan reviews

Bank of Sydney Home Loan
Overall 2/10
Regional City Customers Are Disadvantaged

Be aware that if they don't like your postcode the offer for the 'award winning' loans changes from 80%LVR to 60%!!!! We had to go through the whole application process to find that out. Our postcode was classed regional/rural even though we live in the 3rd largest city in Victoria behind Melbourne and Geelong!!!! Baffling!!!!

Read full review

Be aware that if they don't like your postcode the offer for the 'award winning' loans changes from 80%LVR to 60%!!!! We had to go through the whole application process to find that out. Our postcode was classed regional/rural even though we live in the 3rd largest city in Victoria behind Melbourne and Geelong!!!! Baffling!!!!

Price
7/10
Features
7/10
Less
Jacinta, Victoria, reviewed about 1 year ago
Bank of Sydney Home Loan
Overall 1/10
I do not recommend

I was with BoS for my homeloan for almost 2-3years. - Low introductory rates (at the time) - no on going fees For the first year, they passed on a few rate cuts, not in full…after the 1year mark it all changed. Didn’t pass on any rate cuts to existing customers, customer service dropped significantly. They wouldn’t even return my calls! I finally pulled the plug in Nov’21, after which I had a range of ‘exit fees’ which I wasn’t made aware. Since early November, I’ve been trying to follow up with BoS. I got an email to say my request has been raised and someone will reach out in a few days. After a week, I get an automated response that my case has been “resolved & closed”. I wasn’t contacted by anyone since my first call or even given the opportunity to explain my concern. I again replied to request my case remain open and someone calls me back, 1 week later another “case resolved & closed” email, no action. This has now happened 5 times, same outcome no action or call back. Next step is to formally raise a complaint with the ombudsman. Anyone considering BoS, for any service, I highly recommend you to re-consider!

Read full review

I was with BoS for my homeloan for almost 2-3years. - Low introductory rates (at the time) - no on going fees For the first year, they passed on a few rate cuts, not in full…after the 1year mark it all changed. Didn’t pass on any rate cuts to existing customers, customer service dropped significantly. They wouldn’t even return my calls! I finally pulled the plug in Nov’21, after which I had a range of ‘exit fees’ which I wasn’t made aware. Since early November, I’ve been trying to follow up with BoS. I got an email to say my request has been raised and someone will reach out in a few days. After a week, I get an automated response that my case has been “resolved & closed”. I wasn’t contacted by anyone since my first call or even given the opportunity to explain my concern. I again replied to request my case remain open and someone calls me back, 1 week later another “case resolved & closed” email, no action. This has now happened 5 times, same outcome no action or call back. Next step is to formally raise a complaint with the ombudsman. Anyone considering BoS, for any service, I highly recommend you to re-consider!

Price
1/10
Features
1/10
Customer service
1/10
Convenience
5/10
Trust
2/10
Less
N, Victoria, reviewed over 2 years ago
Bank of Sydney Home Loan
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 over 9 years ago
Bank of Sydney Home Loan
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 about 10 years ago
Bank of Sydney Home Loan
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 almost 11 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 an enquiry online, give their customer service team a call, or pop into your local branch to chat about your application. Here are a few things to have with you when you go: 

Home loan quick links