Bank of Sydney home loans

Bank of Sydney
Bank of Sydney's overall rating for home loans

(as rated by the Mozo community)

9.0 / 10

based on 2 reviews

A relative newcomer, 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.

Rates and fees verified as correct at 06 December, 2016. Other information correct at the time of writing.

What home loans do Bank of Sydney offer?

Variable Rate Home Loans 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 ‡

5.64% p.a.

5.83% p.a.

$10.00 monthly

$1,130


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Fixed Package Home Loan 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. Don’t forget to take advantage of the package perks by grabbing an annual fee-free credit card while you’re at it.

Home loan repayments calculator
years
Product Fixed 3 year rate Comparison Rate* Service fee Upfront fee Monthly repayments ‡

4.29% p.a.

4.65% p.a.

$395.00 yearly

$0

4.59% p.a.

4.76% p.a.

$395.00 yearly

$0

4.29% p.a.

4.54% p.a.

$395.00 yearly

$0


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Variable Package Home Loan 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 an annual fee-free credit card to boot! 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 ‡

4.14% p.a.

4.54% p.a.

$395.00 yearly

$0

3.94% p.a.

4.34% p.a.

$395.00 yearly

$0

3.98% p.a.

4.38% p.a.

$395.00 yearly

$0

3.79% p.a.

4.19% p.a.

$395.00 yearly

$0


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Bank of Sydney home loan features in a glance

Split rate optionSplit 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 extra repaymentsFree 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.

Fee-free credit cardFee-free credit card

Opt for a Bank of Sydney package home loan and you could also score a credit card with no annual fee.

Flexible repayment scheduleFlexible 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?

Find out how Bank of Sydney ranks in the eyes of their customers, in terms of price, customer service and trust by reading through our customer review section.

Bank of Sydney home loans

Overall 9.0*

Price

Features

Customer service

Convenience

Trust

2 Reviews

* Overall rating based on reviews in the past 12 months.

Recent Bank of Sydney home loan reviews Recent Bank of Sydney home loan reviews

Bank of Sydney

Bank of Sydney home loan review

Overall rating   4 / 10

Competitive premiums and great

It is good.

Full review

It is good.

    Price   -1 / 10

    Features   -1 / 10

    Customer service   -1 / 10

    Convenience   5 / 10

    Trust   4 / 10

Less

Mozo reviewer (NSW), reviewed over 3 years ago

Bank of Sydney

Bank of Sydney home loan review

Overall rating   8 / 10

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

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 (NSW), reviewed about 8 years ago

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Mozo may receive a payment from financial providers listed on the site. Customer reviews are in no way affected by any commercial relationships Mozo has with providers. Reviewers may receive a voucher from Mozo in exchange for their review. Vouchers are given to all reviewers who meet our review guidelines regardless of the sentiment of their reviews.

* The Comparison Rate combines the lender's interest rate, fees and charges into a single rate to show the true cost of a home loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years, and applies only to this example. Different amounts and terms will result in different comparison rates. Full comparison rate schedules are available from lenders. Costs such as redraw fees or early repayment fees, and savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.

‡ 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.

Mozo may receive a payment from financial providers listed on the site. Customer reviews are in no way affected by any commercial relationships Mozo has with providers.

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