Bank of Sydney logo

Bank of Sydney Expect More Home Loan (Package)

Advertiser disclosure

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 80%

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 investor taking out a principal & interest loan of at least $100,000 with an LVR below 80%

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 investor taking out a interest only loan of at least $100,000 with an LVR below 80%

Choose the version of this loan that suits you best

  • Owner Occupier (Principal & Interest)

    LVR < 80%

    Loan: $100,000

  • Owner Occupier (Principal & Interest)

    LVR < 80%

    Loan: $100,000

  • Investor (Interest Only)

    LVR < 80%

    Loan: $100,000

  • Investor (Principal & Interest)

    LVR < 80%

    Loan: $100,000

  • Investor (Principal & Interest)

    LVR < 80%

    Loan: $100,000

  • Investor (Interest Only)

    LVR < 80%

    Loan: $100,000

Rate
2.29% p.a.
Comparison Rate
2.31% p.a.
Service fee
$0.00
Upfront fee
$150
Rate
2.94% p.a.
Comparison Rate
3.38% p.a.
Service fee
$395.00 yearly
Upfront fee
$150
Rate
3.60% p.a.
Comparison Rate
4.02% p.a.
Service fee
$395.00 yearly
Upfront fee
$150
Rate
3.50% p.a.
Comparison Rate
3.92% p.a.
Service fee
$395.00 yearly
Upfront fee
$150
Rate
2.59% p.a.
Comparison Rate
2.61% p.a.
Service fee
$0.00
Upfront fee
$150
Rate
2.79% p.a.
Comparison Rate
3.23% p.a.
Service fee
$395.00 yearly
Upfront fee
$150

Mozo editorial review Bank of Sydney Expect More Home Loan (Package) - last updated: 29 April 2021

binocular icon
What's hot
  • Low variable rates from 2.29% (2.31% comparison rate*)
  • No application fees
  • Offset account available
What's not
  • Monthly repayments only
  • $395 annual fee if LVR more than 80%
Mozo snapshot

The Bank of Sydney has dubbed this home loan “Expect More” for a reason. Not only does it have a range of attractive features including an offset account and fee-free redraw facility, but with zero upfront or ongoing fees and low rates starting from 2.29% (2.31% comparison rate*), it also offers competitive pricing to home buyers.

key icon
Key features

Let’s jump into the nitty gritty details of the loan! Owner occupiers making principal and interest repayments will be able to snag a 2.29% p.a. variable rate (2.31% p.a. comparison rate*). 

You’ll also have access to a range of flexible features including an offset account, fee-free extra repayments and a redraw facility ($2,000 minimum redraw applies). Repayment frequencies are a little inflexible, as you can only pay off your mortgage on a monthly basis. 

You’ll also be able to split your loan between a variable and fixed rate, giving you that added sense of security in the event of a rate rise down the track. 

As for the fees, Bank of Sydney will cover up to $475 in legal fees and up to $420 in valuation fees, plus borrowers with an LVR below 80% will be happy to know that the $395 annual package fee will be waived for them. There is a $150 settlement fee to budget for though, as well as a $300 discharge fee when you pay out your loan.

snapshot
Who is it good for

This loan will suit borrowers who plan to live in their home and are looking for a low rate mortgage packed with convenient features like an offset account and extra repayments facility. You do have to live in Sydney, Melbourne or the metropolitan area of Adelaide to be eligible for the loan.

question icon
Any catches

This loan is only available to new applicants, which means if you already have a home loan with the Bank of Sydney, you cannot switch over to this product.

Details

Rates and fees information correct as at 16 October 2021. 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

2.29% p.a.

n/a

n/a

n/a

2.31% 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

Monthly

yes - free

yes

yes - free

$2,000.00

yes

yes

Valuation & legal fees payable at cost. Up to $475 in legal fees and up to $420 in valuation fees covered by Bank of Sydney.

none

Package fee waived for the life of the loan for LVRs up to 80%.

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 16 October 2021. 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

2.94% p.a.

n/a

n/a

n/a

3.38% 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

$395.00 yearly

$300.00
Other financial bits

$100,000

none

none

80.00%
Features

Owner Occupier

Principal & Interest

Monthly

yes - free

yes

yes - free

$2,000.00

yes

yes

Valuation & legal fees payable at cost. Up to $475 in legal fees and up to $420 in valuation fees covered by Bank of Sydney.

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 16 October 2021. 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

3.60% p.a.

n/a

n/a

n/a

4.02% 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

$395.00 yearly

$300.00
Other financial bits

$100,000

none

none

80.00%
Features

Investor

Interest Only

Monthly

yes - free

yes

yes - free

$2,000.00

yes

yes

Valuation & legal fees payable at cost. Up to $475 in legal fees and up to $420 in valuation fees covered by Bank of Sydney.

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 16 October 2021. 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

3.50% p.a.

n/a

n/a

n/a

3.92% 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

$395.00 yearly

$300.00
Other financial bits

$100,000

none

none

80.00%
Features

Investor

Principal & Interest

Monthly

yes - free

yes

yes - free

$2,000.00

yes

yes

Valuation & legal fees payable at cost. Up to $475 in legal fees and up to $420 in valuation fees covered by Bank of Sydney.

none

Package fee waived for the life of the loan for LVRs up to 80%.

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 16 October 2021. 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

2.59% p.a.

n/a

n/a

n/a

2.61% 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

Monthly

yes - free

yes

yes - free

$2,000.00

yes

yes

Valuation & legal fees payable at cost. Up to $475 in legal fees and up to $420 in valuation fees covered by Bank of Sydney.

none

Package fee waived for the life of the loan for LVRs up to 80%.

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 16 October 2021. 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

2.79% p.a.

n/a

n/a

n/a

3.23% 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

$395.00 yearly

$300.00
Other financial bits

$100,000

none

none

80.00%
Features

Investor

Interest Only

Monthly

yes - free

yes

yes - free

$2,000.00

yes

yes

Valuation & legal fees payable at cost. Up to $475 in legal fees and up to $420 in valuation fees covered by Bank of Sydney.

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
Price
Features
Customer service
Convenience
Trust
Based on 4 Bank of Sydney home loan reviews

About Bank of Sydney

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.

Compare other home loans