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.
| Product | Rate | Comparison Rate | Service fee | Upfront fee | Monthly repayments |
|---|---|---|---|---|---|
|
6.04% p.a. |
6.08% p.a. |
$0.00 |
$450 |
||
|
6.04% p.a. |
6.08% p.a. |
$0.00 |
$450 |
||
|
6.14% p.a. |
6.18% p.a. |
$0.00 |
$450 |
||
|
6.54% p.a. |
6.35% p.a. |
$0.00 |
$450 |
||
|
6.54% p.a. |
6.35% p.a. |
$0.00 |
$450 |
||
|
6.69% p.a. |
6.50% p.a. |
$0.00 |
$450 |
||
|
6.69% p.a. |
6.50% 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 |
||
|
6.44% p.a. |
6.48% p.a. |
$0.00 |
$450 |
||
|
6.44% p.a. |
6.48% p.a. |
$0.00 |
$450 |
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.
| Product | Rate | Comparison Rate | Service fee | Upfront fee | Monthly repayments |
|---|---|---|---|---|---|
|
6.74% p.a. |
6.44% p.a. |
$125.00 yearly |
$450 |
||
|
6.89% p.a. |
6.63% p.a. |
$125.00 yearly |
$450 |
||
|
6.24% p.a. |
6.39% p.a. |
$125.00 yearly |
$450 |
||
|
6.34% p.a. |
6.49% p.a. |
$125.00 yearly |
$450 |
||
|
7.55% p.a. |
7.70% p.a. |
$125.00 yearly |
$450 |
||
|
6.79% p.a. |
6.76% p.a. |
$125.00 yearly |
$450 |
||
|
6.79% p.a. |
6.76% p.a. |
$125.00 yearly |
$450 |
||
|
6.89% p.a. |
6.86% p.a. |
$125.00 yearly |
$450 |
||
|
6.89% p.a. |
6.86% 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 |
||
|
6.69% p.a. |
6.84% p.a. |
$125.00 yearly |
$450 |
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.
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.
With a Bank of Sydney fixed rate loan, you can make your home loan repayments monthly, fortnightly or weekly - whichever suits your budget best.
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.
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 reviewBe 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!!!!
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 reviewI 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!
Excels in every way
Read full reviewExcels in every way
True Personal Relationship banking.. you go there and speak straight to the manager
Read full reviewTrue Personal Relationship banking.. you go there and speak straight to the manager
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: