Bank of Sydney BOSBasic Home Loan

This product is available in different versions. Pick the right version for you here.

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

  • 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

2.96% p.a.

3.01% p.a.

$0.00

Bank of Sydney BOSBasic Home Loan

2.96% p.a.

3.01% p.a.

$0.00

3.45% p.a.

3.51% p.a.

$0.00

Bank of Sydney BOSBasic Home Loan

3.45% p.a.

3.51% p.a.

$0.00

3.75% p.a.

3.80% p.a.

$0.00

Bank of Sydney BOSBasic Home Loan

3.75% p.a.

3.80% p.a.

$0.00

Mozo Review   Bank of Sydney BOSBasic Home Loan Review

Last updated: 20 December 2019.

What's hot:
  • 2.96% p.a. interest rate (3.01% comparison rate*)

  • Free extra repayments and redraw facility

What's not:
  • $150 settlement fee

  • Limited to metro postcodes

Mozo snapshot:

With a fantastic variable interest rate and a number of attractive features, the Bank of Sydney BOSBasic Home Loan is sure to impress. The low 2.96% interest rate (3.01% comparison rate*) for owner occupiers puts this loan among the lowest rates in our database, and while there are a few one-off fees, they hardly detract from the overall value.

Key features:

First things first, the Bank of Sydney BOSBasic Home Loan offers a 2.96% variable interest rate (3.01% comparison rate*) for owner occupiers making principal and interest repayments, making it one of the more impressive home loan options we’ve come across.

But 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.

Plus, digital natives will be happy to learn that the account can be managed online, making your property journey that much more simple and convenient.

You’ll be able to borrow up to 70% of the property’s value, with principal and interest repayments made monthly. And to cap things off, there’s plenty of flexibility in terms of loan length, as terms range up to 30 years.

This loan is also available with competitive interest rates for investors, who can choose between interest-only or principal and interest repayments, but must have a deposit of at least 30% of the property's value.

Who it's good for:

If you have an eye for value, the BOSBasic should definitely pique your interest. Successful applicants can be confident that most of their earnings will be going towards paying off the loan rather than any hefty interest rates.

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 21 February 2020. 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
  • 2.96% p.a.

  • n/a

  • n/a

  • n/a

  • 3.01% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

Fees
  • $600.00

  • $0.00

  • $0.00

  • $150.00

  • n/a

  • $0.00

  • $300.00

Other financial bits
  • $100,000

  • none

  • none

  • 70.00%

Features
  • 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.

Details

Rates and fees information correct as at 21 February 2020. 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
  • 3.45% p.a.

  • n/a

  • n/a

  • n/a

  • 3.51% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

Fees
  • $600.00

  • $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

  • 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.

Details

Rates and fees information correct as at 21 February 2020. 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
  • 3.75% p.a.

  • n/a

  • n/a

  • n/a

  • 3.80% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

Fees
  • $600.00

  • $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

  • 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.

Customer Reviews

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

Overall customer rating
7.5/10
Price
8.3/10
Features
8.7/10
Customer service
9.7/10
Convenience
8.5/10
Trust
7.5/10
Bank of Sydney

About Bank of Sydney

See Bank of Sydney home loans

Promoted

loans.com.au

loans.com.au

Smart Home Loan

2.78% p.a. variable

2.80% p.a.

$520

Promoted

UBank

UBank

UHomeLoan - Discount Offer

2.84% p.a. variable

2.84% p.a.

$0

Promoted

Athena

Athena

Home Loan (Refinance)

2.84% p.a. variable

2.80% p.a.

$0

Promoted

ING

ING

Mortgage Simplifier

3.03% p.a. variable

3.06% p.a.

$299

Promoted

Bank of Queensland

Bank of Queensland

Fixed Rate

2.79% p.a.
fixed 3 years

3.67% p.a.

$450

Promoted

Homestar

Homestar

Star Gold Home Loan

2.69% p.a. variable

2.72% p.a.

$512

Promoted

loans.com.au

loans.com.au

Smart Home Loan

2.88% p.a. variable

2.90% p.a.

$520

Promoted

IMB Bank

IMB Bank

Budget Home Loan

3.03% p.a. variable

3.09% p.a.

$773

Promoted

loans.com.au

loans.com.au

Smart Home Loan

2.78% p.a. variable

2.80% p.a.

$520

Promoted

UBank

UBank

UHomeLoan - Discount Offer

2.84% p.a. variable

2.84% p.a.

$0

Promoted

Athena

Athena

Home Loan (Refinance)

2.84% p.a. variable

2.80% p.a.

$0

Promoted

Homestar

Homestar

Star Gold Home Loan

2.69% p.a. variable

2.72% p.a.

$512

Promoted

ING

ING

Mortgage Simplifier

3.03% p.a. variable

3.06% p.a.

$299

Promoted

loans.com.au

loans.com.au

Smart Home Loan

2.88% p.a. variable

2.90% p.a.

$520

Promoted

Newcastle Permanent

Newcastle Permanent

Real Deal Home Loan

3.19% p.a. variable

3.23% p.a.

$0

Promoted

Homestar

Homestar

Star Essentials Home Loan

2.74% p.a. variable

2.77% p.a.

$512

Promoted

UBank

UBank

UHomeLoan - Discount Offer

2.84% p.a.

2.84% p.a.

$0

Promoted

loans.com.au

loans.com.au

Smart Home Loan

2.88% p.a.

2.90% p.a.

$520

Promoted

Athena

Athena

Home Loan (Refinance)

2.84% p.a.

2.80% p.a.

$0

Promoted

ING

ING

Mortgage Simplifier

3.03% p.a.

3.06% p.a.

$299

Promoted

Homestar

Homestar

Star Gold Home Loan

2.69% p.a.

2.72% p.a.

$512

Promoted

Newcastle Permanent

Newcastle Permanent

Real Deal Home Loan

3.19% p.a.

3.23% p.a.

$0

Promoted

loans.com.au

loans.com.au

Smart Home Loan

2.78% p.a.

2.80% p.a.

$520

Promoted

ING

ING

Orange Advantage (Package)

3.08% p.a.

3.42% p.a.

$299

Promoted

ING

ING

Fixed Rate Loan

2.94% p.a.
fixed 3 years

4.01% p.a.

$798

Promoted

Bank of Queensland

Bank of Queensland

Fixed Rate

2.79% p.a.
fixed 3 years

3.67% p.a.

$450

Promoted

loans.com.au

loans.com.au

Fixed Home Loan

2.99% p.a.
fixed 3 years

3.27% p.a.

$520

Promoted

UBank

UBank

UHomeLoan (Fixed)

2.84% p.a.
fixed 3 years

3.59% p.a.

$395

Promoted

Tic:Toc

Tic:Toc

Fixed Home Loan

2.84% p.a.
fixed 3 years

2.92% p.a.

$0

Promoted

Newcastle Permanent

Newcastle Permanent

Fixed Rate Home Loan (Premium Plus Package)

2.89% p.a.
fixed 3 years

3.96% p.a.

$0

Promoted

loans.com.au

loans.com.au

Fixed Home Loan

3.79% p.a.
fixed 3 years

3.47% p.a.

$520

Promoted

Bank of Queensland

Bank of Queensland

Fixed Rate

2.79% p.a.
fixed 3 years

3.67% p.a.

$450

Promoted

loans.com.au

loans.com.au

Smart Home Loan

2.78% p.a.

2.80% p.a.

$0.00

Promoted

UBank

UBank

UHomeLoan - Discount Offer

2.84% p.a.

2.84% p.a.

$0.00

Promoted

Athena

Athena

Home Loan (Refinance)

2.84% p.a.

2.80% p.a.

$0.00

Promoted

Homestar

Homestar

Star Gold Home Loan

2.69% p.a.

2.72% p.a.

$0.00

Promoted

loans.com.au

loans.com.au

Smart Home Loan

2.88% p.a.

2.90% p.a.

$0.00

Promoted

Homestar

Homestar

Star Essentials Home Loan

2.74% p.a.

2.77% p.a.

$0.00

Promoted

Mortgage House

Mortgage House

Red Home Loan - Early Bird Special

2.89% p.a.

2.93% 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.