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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 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

  • 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

Rate
2.94% p.a.
Comparison Rate
2.96% p.a.
Service fee
$0.00
Upfront fee
$150
Rate
2.29% p.a.
Comparison Rate
2.31% p.a.
Service fee
$0.00
Upfront fee
$150
Rate
2.39% p.a.
Comparison Rate
2.41% p.a.
Service fee
$0.00
Upfront fee
$150
Rate
2.49% p.a.
Comparison Rate
2.51% 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
3.50% p.a.
Comparison Rate
3.92% 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

Mozo editorial review Bank of Sydney Expect More Home Loan (Package)

Last updated: 16 February 2021.

binocular icon
What's hot
  • Low variable rates from 2.29% (2.31% comparison rate*)
  • No application fee
  • Offset account available
What's not
  • Monthly repayments only
  • $395 package 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, 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.

key icon
Key features

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):

  • 2.29% (2.31% comparison rate*): For owner occupiers with an LVR of 50% or less
  • 2.39% (2.41% comparison rate*): For owner occupiers with an LVR between 50%-70%
  • 2.49% (2.51% comparison rate*): For owner occupiers with an LVR between 70%-80%
  • 3.30% (3.72% comparison rate*): For owner occupiers with an LVR between 80%-90%
  • 3.50% (3.92% comparison rate*): For investors with an LVR of 80% or less

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.

snapshot
Who is it good for

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. 

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 6 March 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

  • 2.96% 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
  • 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.

Details

Rates and fees information correct as at 6 March 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

  • 50.00%

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 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.

Details

Rates and fees information correct as at 6 March 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
  • 2.39% 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

Fees
  • $0.00

  • $0.00

  • $0.00

  • $150.00

  • n/a

  • $0.00

  • $300.00

Other financial bits
  • $100,000

  • none

  • 50.00%

  • 70.00%

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 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.

Details

Rates and fees information correct as at 6 March 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
  • 2.49% 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

Fees
  • $0.00

  • $0.00

  • $0.00

  • $150.00

  • n/a

  • $0.00

  • $300.00

Other financial bits
  • $100,000

  • none

  • 70.00%

  • 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 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.

Details

Rates and fees information correct as at 6 March 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 6 March 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 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.

Details

Rates and fees information correct as at 6 March 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.

Customer Reviews

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

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

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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.