The details shown below are for an owner occupier taking out a principal & interest loan of at least $100,000 with an LVR below 70%
The details shown below are for an investor taking out a principal & interest loan of at least $100,000 with an LVR below 70%
The details shown below are for an investor taking out a interest only loan of at least $100,000 with an LVR below 70%
Choose the version of this loan that suits you best
| Availability | Loan type | LVR | Min loan amount | Max loan amount | |
|---|---|---|---|---|---|
| | Owner Occupier | Principal & Interest | < 70% | $100,000 | |
| | Investor | Principal & Interest | < 70% | $100,000 | |
| | Investor | Interest Only | < 70% | $100,000 |
Owner Occupier (Principal & Interest)
LVR < 70%
Loan: $100,000
Investor (Principal & Interest)
LVR < 70%
Loan: $100,000
Investor (Interest Only)
LVR < 70%
Loan: $100,000
With a low variable interest rate and a number of attractive features, the Bank of Sydney BOSBasic Home Loan is sure to impress. While there's a few fees to budget for, you will be able to snag a decent 2.84% interest rate (2.89% comparison rate*) and have plenty of perks like free extra repayments and a fee-free redraw facility at your disposal.
First things first, the Bank of Sydney BOSBasic Home Loan offers a 2.84% variable interest rate (2.89% comparison rate*) for owner occupiers making principal and interest repayments.
Besides the rate, there's plenty more to love. Along with the option to make free extra repayments and use a free redraw facility ($2,000 minimum redraw applies), you won’t have to worry about account keeping fees or application fees. There’s also the option to take a repayment holiday and to split your loan between fixed and variable rates. However you won't have much flexibility in terms of varying your repayment frequency, as only monthly repayments are available with this loan.
Digital natives may be happy to learn that the account can be managed online, making your property journey that much more simple and convenient.
With this home loan, you can borrow up to 70% of the property’s value, so you'll need to save up at least a 30% deposit before applying. There are also a few upfront fees to factor in, including a $600 application fee and a $150 settlement fee. The good news though is that Bank of Sydney will cover up to $475 in legal fees and up to $420 in valuation fees.
If you love all the bells and whistles that come with a home loan, the BOSBasic should definitely pique your interest as it gives borrowers access to a range of flexible features from a redraw facility to a split account.
There are a few conditions for this one. To be able to apply, you’ll need to show you’ve been working at the same job for at least a year. Beyond that, the property itself will have to be an existing residential property situated in a metro postcode, and unfortunately the BOSBasic isn’t available for homes in NT, WA and TAS. Properties in Queensland will face some restrictions too.
2.84% p.a.
n/a
n/a
n/a
2.89% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$600.00
$0.00
$0.00
$150.00
n/a
$0.00
$300.00
$100,000
none
none
70.00%
Owner Occupier
Principal & Interest
Monthly
yes - free
yes
yes - free
$2,000.00
yes
no
Valuation & legal fees payable at cost. Up to $475 in legal fees and up to $420 in valuation fees covered by Bank of Sydney. Existing residential dwellings in metro postcodes only.
none
none
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.
3.20% p.a.
n/a
n/a
n/a
3.25% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$600.00
$0.00
$0.00
$150.00
n/a
$0.00
$300.00
$100,000
none
none
70.00%
Investor
Principal & Interest
Monthly
yes - free
yes
yes - free
$2,000.00
yes
no
Valuation & legal fees payable at cost. Up to $475 in legal fees and up to $420 in valuation fees covered by Bank of Sydney. Existing residential dwellings in metro postcodes only.
none
none
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.
3.40% p.a.
n/a
n/a
n/a
3.45% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$600.00
$0.00
$0.00
$150.00
n/a
$0.00
$300.00
$100,000
none
none
70.00%
Investor
Interest Only
Monthly
yes - free
yes
yes - free
$2,000.00
yes
no
Valuation & legal fees payable at cost. Up to $475 in legal fees and up to $420 in valuation fees covered by Bank of Sydney. Existing residential dwellings in metro postcodes only.
none
none
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.
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Smart Booster Home Loan
1.99% p.a.variable for 12 months and then 2.48% p.a. variable
2.47% p.a.
Homestar
Star Gold Home Loan
1.79% p.a. variable
1.84% p.a.
Bank of Queensland
Fixed Rate
1.94% p.a.
fixed 3 years
2.97% p.a.
loans.com.au
Smart Booster Home Loan
1.99% p.a.variable for 12 months and then 2.48% p.a. variable
2.47% p.a.
Newcastle Permanent
Fixed Rate Home Loan (Premium Plus Package)
1.98% p.a.
fixed 3 years
3.56% p.a.
loans.com.au
Smart Booster Home Loan
1.99% p.a.variable for 12 months and then 2.48% p.a.
2.47% p.a.
Homestar
Star Gold Home Loan
1.79% p.a.
1.84% p.a.
Yard
Variable Home Loan Special
2.09% p.a.
2.12% p.a.
Newcastle Permanent
Fixed Rate Home Loan (Premium Plus Package)
1.98% p.a.
fixed 3 years
3.56% p.a.
Homestar
Star Classic Fixed Home Loan
n/a
n/a
People's Choice Credit Union
Fixed Rate Home Loan (Package)
1.89% p.a.
fixed 3 years
3.03% p.a.
loans.com.au
Smart Booster Home Loan
1.99% p.a.variable for 12 months and then 2.48% p.a.
2.47% p.a.
$0.00
Homestar
Star Gold Home Loan
1.79% p.a.
1.84% p.a.
$0.00
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.
