Bank of Sydney logo

Bank of Sydney BOSBasic Home Loan

Advertiser disclosure
The details shown below are for an investor taking out a principal & interest loan of at least $100,000 with an LVR below 80%
The details shown below are for an owner occupier taking out a principal & interest loan of at least $100,000 with an LVR below 80%
The details shown below are for an owner occupier taking out a principal & interest loan of at least $100,000 with an LVR below 60%
The details shown below are for an investor taking out a interest only loan of at least $100,000 with an LVR below 80%
The details shown below are for an owner occupier taking out a principal & interest loan of at least $100,000 with an LVR below 50%
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 principal & interest loan of at least $100,000 with an LVR below 50%
The details shown below are for an investor taking out a principal & interest loan of at least $100,000 with an LVR below 60%
The details shown below are for an investor taking out a interest only 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 50%
The details shown below are for an investor taking out a interest only loan of at least $100,000 with an LVR below 60%

Choose the version of this loan that suits you best

Availability Loan type LVR Min loan amount Max loan amount
Investor Principal & Interest < 80% $100,000
Owner Occupier Principal & Interest < 80% $100,000
Owner Occupier Principal & Interest < 60% $100,000
Investor Interest Only < 80% $100,000
Owner Occupier Principal & Interest < 50% $100,000
Investor Principal & Interest < 70% $100,000
Investor Principal & Interest < 50% $100,000
Investor Principal & Interest < 60% $100,000
Investor Interest Only < 70% $100,000
Investor Interest Only < 50% $100,000
Investor Interest Only < 60% $100,000
  • Investor (Principal & Interest)
    LVR < 80%
    Loan: $100,000
  • Owner Occupier (Principal & Interest)
    LVR < 80%
    Loan: $100,000
  • Owner Occupier (Principal & Interest)
    LVR < 60%
    Loan: $100,000
  • Investor (Interest Only)
    LVR < 80%
    Loan: $100,000
  • Owner Occupier (Principal & Interest)
    LVR < 50%
    Loan: $100,000
  • Investor (Principal & Interest)
    LVR < 70%
    Loan: $100,000
  • Investor (Principal & Interest)
    LVR < 50%
    Loan: $100,000
  • Investor (Principal & Interest)
    LVR < 60%
    Loan: $100,000
  • Investor (Interest Only)
    LVR < 70%
    Loan: $100,000
  • Investor (Interest Only)
    LVR < 50%
    Loan: $100,000
  • Investor (Interest Only)
    LVR < 60%
    Loan: $100,000
Rate
6.39% p.a.
Comparison Rate
6.45% p.a.
Service fee
$0.00
Upfront fee
$150
Rate
6.09% p.a.
Comparison Rate
6.11% p.a.
Service fee
$0.00
Upfront fee
$150
Rate
6.09% p.a.
Comparison Rate
6.11% p.a.
Service fee
$0.00
Upfront fee
$150
Rate
6.59% p.a.
Comparison Rate
6.47% p.a.
Service fee
$0.00
Upfront fee
$150
Rate
6.09% p.a.
Comparison Rate
6.11% p.a.
Service fee
$0.00
Upfront fee
$150
Rate
6.29% p.a.
Comparison Rate
6.35% p.a.
Service fee
$0.00
Upfront fee
$150
Rate
6.29% p.a.
Comparison Rate
6.35% p.a.
Service fee
$0.00
Upfront fee
$150
Rate
6.29% p.a.
Comparison Rate
6.35% p.a.
Service fee
$0.00
Upfront fee
$150
Rate
6.49% p.a.
Comparison Rate
6.37% p.a.
Service fee
$0.00
Upfront fee
$150
Rate
6.49% p.a.
Comparison Rate
6.37% p.a.
Service fee
$0.00
Upfront fee
$150
Rate
6.49% p.a.
Comparison Rate
6.37% p.a.
Service fee
$0.00
Upfront fee
$150

Mozo editorial review Bank of Sydney BOSBasic Home Loan - last updated: 14 February 2024

binocular icon
What's hot
  • 6.09% variable interest rate (6.11% comparison rate*)
  • Free extra repayments and redraw facility (min. redraw applies)
  • $600 application fee waived
What's not
  • $150 in upfront fees
  • LVR must be <80%
Mozo snapshot

With competitive variable interest rates from 6.09% (6.11% comparison rate*) at 50% LVR, and a number of useful features, the Bank of Sydney's BOSBasic Home Loan could be a hit with owner occupiers or investors. There are a few fees to budget for though, and keep in mind there is a maximum LVR threshold of 80%.  

key icon
Key features

First things first, the BOSBasic Home Loan from Bank of Sydney is available to both owner occupiers and investors, but each iteration of the loan comes with a maximum loan-to-value ratio (LVR) of 80% which means borrowers will either need at least a 20% deposit or some built up equity if they're looking to refinance.

Variable interest rates start at a relatively competitive 6.09% (6.11% comparison rate*) for owner occupiers making principal and interest repayments, or 6.29% (6.35% comparison rate*) for investors, both for LVR of 50%. The interest rates are tiered and are dependent on how much you need to borrow, or how much equity you own in your home. 

There are also plenty of features attached to the loan. Along with the option to make free extra repayments and use a free redraw facility ($2,000 minimum redraw applies), borrowers take a repayment holiday and even split their loan between fixed and variable rates. However, there's no offset account available, and repayments can only be made on a monthly basis. 

There are also a few upfront fees to factor in, including a $150 settlement fee, but the $600 application fee is waived for this loan. Legal and valuation fees are also payable at cost, but the good news is that Bank of Sydney will cover up to $475 in legal fees and up to $420 in valuation fees. There's also no ongoing service fee to worry about.

snapshot
Who is it good for

If you're looking for a home loan that comes with most of the bells and whistles in the way of features, plus a competitive variable rate, the BOSBasic should definitely pique your interest.  

question icon
Any catches

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.

Details

Rates and fees information correct as at 6 March 2024. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

6.39% p.a.

n/a

n/a

n/a

6.45% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$0.00

$0.00

$0.00

$150.00

n/a

$0.00

$300.00

Other financial bits

$100,000

none

none

80.00%

Features

Investor

Principal & Interest

Weekly, Fortnightly, 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.

$600 application fee is waived.

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.

Details

Rates and fees information correct as at 6 March 2024. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

6.09% p.a.

n/a

n/a

n/a

6.11% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$0.00

$0.00

$0.00

$150.00

n/a

$0.00

$300.00

Other financial bits

$100,000

none

none

80.00%

Features

Owner Occupier

Principal & Interest

Weekly, Fortnightly, 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.

$600 application fee is waived.

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.

Details

Rates and fees information correct as at 6 March 2024. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

6.09% p.a.

n/a

n/a

n/a

6.11% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$0.00

$0.00

$0.00

$150.00

n/a

$0.00

$300.00

Other financial bits

$100,000

none

none

60.00%

Features

Owner Occupier

Principal & Interest

Weekly, Fortnightly, 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.

$600 application fee is waived.

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.

Details

Rates and fees information correct as at 6 March 2024. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

6.59% p.a.

n/a

n/a

n/a

6.47% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$0.00

$0.00

$0.00

$150.00

n/a

$0.00

$300.00

Other financial bits

$100,000

none

none

80.00%

Features

Investor

Interest Only

Weekly, Fortnightly, 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.

$600 application fee is waived.

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.

Details

Rates and fees information correct as at 6 March 2024. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

6.09% p.a.

n/a

n/a

n/a

6.11% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$0.00

$0.00

$0.00

$150.00

n/a

$0.00

$300.00

Other financial bits

$100,000

none

none

50.00%

Features

Owner Occupier

Principal & Interest

Weekly, Fortnightly, 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.

$600 application fee is waived.

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.

Details

Rates and fees information correct as at 6 March 2024. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

6.29% p.a.

n/a

n/a

n/a

6.35% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$0.00

$0.00

$0.00

$150.00

n/a

$0.00

$300.00

Other financial bits

$100,000

none

none

70.00%

Features

Investor

Principal & Interest

Weekly, Fortnightly, 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.

$600 application fee is waived.

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.

Details

Rates and fees information correct as at 6 March 2024. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

6.29% p.a.

n/a

n/a

n/a

6.35% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$0.00

$0.00

$0.00

$150.00

n/a

$0.00

$300.00

Other financial bits

$100,000

none

none

50.00%

Features

Investor

Principal & Interest

Weekly, Fortnightly, 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.

$600 application fee is waived.

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.

Details

Rates and fees information correct as at 6 March 2024. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

6.29% p.a.

n/a

n/a

n/a

6.35% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$0.00

$0.00

$0.00

$150.00

n/a

$0.00

$300.00

Other financial bits

$100,000

none

none

60.00%

Features

Investor

Principal & Interest

Weekly, Fortnightly, 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.

$600 application fee is waived.

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.

Details

Rates and fees information correct as at 6 March 2024. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

6.49% p.a.

n/a

n/a

n/a

6.37% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$0.00

$0.00

$0.00

$150.00

n/a

$0.00

$300.00

Other financial bits

$100,000

none

none

70.00%

Features

Investor

Interest Only

Weekly, Fortnightly, 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.

$600 application fee is waived.

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.

Details

Rates and fees information correct as at 6 March 2024. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

6.49% p.a.

n/a

n/a

n/a

6.37% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$0.00

$0.00

$0.00

$150.00

n/a

$0.00

$300.00

Other financial bits

$100,000

none

none

50.00%

Features

Investor

Interest Only

Weekly, Fortnightly, 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.

$600 application fee is waived.

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.

Details

Rates and fees information correct as at 6 March 2024. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

6.49% p.a.

n/a

n/a

n/a

6.37% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$0.00

$0.00

$0.00

$150.00

n/a

$0.00

$300.00

Other financial bits

$100,000

none

none

60.00%

Features

Investor

Interest Only

Weekly, Fortnightly, 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.

$600 application fee is waived.

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.

Customer Reviews

How are Bank of Sydney home loans rated by the Mozo community?

Overall
Price
Features
Customer service
Convenience
Trust

About Bank of Sydney

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Up

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5.80% p.a.
fixed 3 years

5.91% p.a.

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Unloan

Variable

5.99% p.a. variable

5.90% p.a.

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Sucasa

Ultra Low Rate

6.30% p.a. variable

6.58% p.a.

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Athena

Straight Up with AcceleRATES Variable Home Loan

6.24% p.a. variable

6.24% p.a.

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Macquarie

Offset Home Loan (Package)

6.15% p.a. variable

6.40% p.a.

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ubank

Neat Home Loan

6.09% p.a. variable

6.11% p.a.

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Up

Home Variable Rate

5.95% p.a. variable

5.95% p.a.

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Athena

Straight Up with AcceleRATES Variable Home Loan

6.34% p.a. variable

6.34% p.a.

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Up

Home Fixed Rate

5.80% p.a.
fixed 3 years

5.91% p.a.

Thumbnail icon for Unloan
Unloan

Variable

5.99% p.a. variable

5.90% p.a.

Thumbnail icon for Sucasa
Sucasa

Ultra Low Rate

6.30% p.a. variable

6.58% p.a.

Thumbnail icon for Athena
Athena

Straight Up with AcceleRATES Variable Home Loan

6.24% p.a. variable

6.24% p.a.

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Up

Home Variable Rate

5.95% p.a. variable

5.95% p.a.

Thumbnail icon for ubank
ubank

Neat Home Loan

6.09% p.a. variable

6.11% p.a.

Thumbnail icon for Macquarie
Macquarie

Offset Home Loan (Package)

6.15% p.a. variable

6.40% p.a.

Thumbnail icon for Unloan
Unloan

Variable

6.29% p.a. variable

6.20% p.a.

Thumbnail icon for Up
Up

Home Variable Rate

5.95% p.a.

5.95% p.a.

Thumbnail icon for Unloan
Unloan

Variable

5.99% p.a.

5.90% p.a.

Thumbnail icon for Sucasa
Sucasa

Ultra Low Rate

6.30% p.a.

6.58% p.a.

Thumbnail icon for Macquarie
Macquarie

Offset Home Loan (Package)

6.15% p.a.

6.40% p.a.

Thumbnail icon for Athena
Athena

Straight Up with AcceleRATES Variable Home Loan

6.24% p.a.

6.24% p.a.

Thumbnail icon for ubank
ubank

Neat Home Loan

6.09% p.a.

6.11% p.a.

Thumbnail icon for Macquarie
Macquarie

Basic Home Loan

6.15% p.a.

6.17% p.a.

Thumbnail icon for Athena
Athena

Straight Up with AcceleRATES Variable Home Loan

6.34% p.a.

6.34% p.a.

Thumbnail icon for Up
Up

Home Fixed Rate

5.80% p.a.
fixed 3 years

5.91% p.a.

Thumbnail icon for Macquarie
Macquarie

Basic Home Loan (Fixed)

5.99% p.a.
fixed 3 years

6.13% p.a.

Thumbnail icon for ubank
ubank

Flex Home Loan Fixed

6.64% p.a.
fixed 3 years

6.56% p.a.

Thumbnail icon for ING
ING

Fixed Rate Loan (with Orange Advantage)

5.99% p.a.
fixed 3 years

6.12% p.a.

Thumbnail icon for Macquarie
Macquarie

Basic Home Loan (Fixed)

6.09% p.a.
fixed 3 years

6.19% p.a.

Thumbnail icon for ANZ
ANZ

Fixed Rate

6.59% p.a.
fixed 3 years

7.06% p.a.

Thumbnail icon for ubank
ubank

Flex Home Loan Fixed

6.64% p.a.
fixed 3 years

6.56% p.a.

Thumbnail icon for Unloan
Unloan

Variable

5.99% p.a.

5.90% p.a.

$0.00

Thumbnail icon for Sucasa
Sucasa

Ultra Low Rate

6.30% p.a.

6.58% p.a.

$0.00

Thumbnail icon for Athena
Athena

Straight Up with AcceleRATES Variable Home Loan

6.24% p.a.

6.24% p.a.

$0.00

Thumbnail icon for Macquarie
Macquarie

Offset Home Loan (Package)

6.15% p.a.

6.40% p.a.

$248.00 yearly

Thumbnail icon for ubank
ubank

Neat Home Loan

6.09% p.a.

6.11% p.a.

$0.00

Thumbnail icon for Up
Up

Home Variable Rate

5.95% p.a.

5.95% p.a.

$0.00

Thumbnail icon for Athena
Athena

Straight Up with AcceleRATES Variable Home Loan

6.34% p.a.

6.34% p.a.

$0.00

Thumbnail icon for Unloan
Unloan

Variable

6.29% p.a.

6.20% 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.

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