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 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 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 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 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
| Availability | Loan type | LVR | Min loan amount | Max loan amount | |
|---|---|---|---|---|---|
| | Owner Occupier | Principal & Interest | < 70% | $100,000 | |
| | Owner Occupier | Principal & Interest | < 50% | $100,000 | |
| | Owner Occupier | Principal & Interest | 50%-70% | $100,000 | |
| | Owner Occupier | Principal & Interest | 70%-80% | $100,000 | |
| | Owner Occupier | Principal & Interest | < 80% | $100,000 | |
| | Investor | Principal & Interest | < 80% | $100,000 | |
| | Investor | Interest Only | < 80% | $100,000 |
Owner Occupier (Principal & Interest)
LVR < 70%
Loan: $100,000
Owner Occupier (Principal & Interest)
LVR < 50%
Loan: $100,000
Owner Occupier (Principal & Interest)
LVR 50%-70%
Loan: $100,000
Owner Occupier (Principal & Interest)
LVR 70%-80%
Loan: $100,000
Owner Occupier (Principal & Interest)
LVR < 80%
Loan: $100,000
Investor (Principal & Interest)
LVR < 80%
Loan: $100,000
Investor (Interest Only)
LVR < 80%
Loan: $100,000
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, free extra repayments and a fee-free redraw facility, there are also low rates starting from 2.29% (2.31% comparison rate*) for borrowers with a 50% LVR or lower.
Let’s jump into the nitty gritty details! Borrowers making principal and interest repayments on loans of $100,000 or more will have a choice of variable interest rates available to them depending on their loan-to-value ratio (LVR):
As you can see above, Bank of Sydney is rewarding borrowers who have LVRs with much lower rates. But it doesn't stop there, because owner occupiers with an LVR below 80% will also have the $395 annual package fee waived.
Those are the rates, but what about the features? There's a range of flexible features available including an offset account, fee-free extra repayments and a redraw facility. Repayment frequencies are a little inflexible though, as you can only pay off your mortgage on a monthly basis. You'll also be able to split your loan leaving a portion variable and the remainder fixed, giving you a little more security if a rate rise happens down the track.
While there's no application fee on the loan, there is a $150 settlement fee and a $300 discharge fee when you pay out your loan. Valuation and legal fees are also payable at cost, though Bank of Sydney will cover up to $475 in legal fees and $420 in valuation fees. And while owner occupiers will be able to have the $395 package fee waived for loans with an LVR under 80%, it's still applicable for other borrowers.
This loan may be a good fit for borrowers with a deposit on the larger side who can take advantage of the competitive rates on offer at lower LVR tiers, as well as the package fee waiver. It could also be useful for those looking for convenient features like an offset account and extra repayments facility.
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.
2.94% p.a.
n/a
n/a
n/a
2.96% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$0.00
$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
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 70%.
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.
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
$0.00
$0.00
$0.00
$150.00
n/a
$0.00
$300.00
$100,000
none
none
50.00%
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 70%.
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.
2.39% p.a.
n/a
n/a
n/a
2.41% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$0.00
$0.00
$0.00
$150.00
n/a
$0.00
$300.00
$100,000
none
50.00%
70.00%
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 70%.
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.
2.49% p.a.
n/a
n/a
n/a
2.51% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$0.00
$0.00
$0.00
$150.00
n/a
$0.00
$300.00
$100,000
none
70.00%
80.00%
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 70%.
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.
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
$0.00
$0.00
$0.00
$150.00
n/a
$395.00 yearly
$300.00
$100,000
none
none
80.00%
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.
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
$0.00
$0.00
$0.00
$150.00
n/a
$395.00 yearly
$300.00
$100,000
none
none
80.00%
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 70%.
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.
3.60% 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
$0.00
$0.00
$0.00
$150.00
n/a
$395.00 yearly
$300.00
$100,000
none
none
80.00%
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.
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.
Homestar
Star Gold Home Loan
1.79% p.a. variable
1.84% p.a.
Bank of Queensland
Fixed Rate
2.09% p.a.
fixed 3 years
3.01% p.a.
Newcastle Permanent
Fixed Rate Home Loan (Premium Plus Package)
2.18% p.a.
fixed 3 years
3.62% 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
Variable Home Loan (Premium Plus Package)
2.94% p.a. variable
3.34% 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.
Bank of Queensland
Economy
2.59% p.a.
2.76% p.a.
Newcastle Permanent
Fixed Rate Home Loan (Premium Plus Package)
2.18% p.a.
fixed 3 years
3.62% p.a.
People's Choice Credit Union
Fixed Rate Home Loan (Package)
1.99% p.a.
fixed 3 years
3.64% p.a.
Bank of Queensland
Fixed Rate
2.09% p.a.
fixed 3 years
3.01% 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
Yard
Variable Home Loan Special
2.09% p.a.
2.12% 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.
