Bank of Sydney Expect More Home Loan (Package)

3.63% p.a.

3.64% p.a.

$0.00

3.63% p.a.

4.04% p.a.

$395.00 yearly

3.99% p.a.

4.39% p.a.

$395.00 yearly

Bank of Sydney Expect More Home Loan (Package) Review

Rates and fees information correct as at 22 October 2017.

Review published: 26 August 2016

What's hot:

  • Low variable rates starting from 3.69%

  • No upfront fees

What's not:

  • Monthly repayments only

  • $395 annual fee

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, but with zero upfront or ongoing fees and low rates starting from 3.69%, it’s one of the most competitive loans in the market.

Key features:

Let’s jump into the nitty gritty details of the loan! To qualify for the low rate package of just 3.69%, you’ll need to have an LVR under 80%, or in other words a home loan deposit of 20% or more. Have an LVR between 80-90%? Your rate will be a tad higher at 3.99%. With a Bank of Sydney Expect More Home Loan, you can 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.

You’ll also gain access to a range of flexible features including an offset account, fee-free extra repayments and a redraw facility. Repayment frequencies are a little inflexible, as you can only pay off your mortgage monthly.

To top things off when you take out the loan you can fly through the application process free of fees but there is a $395 annual fee payable in advance. Just keep in mind, you’ll need to pay a $300 discharge fee when you pay out your loan.

Who it's good for:

Borrowers who plan to live in their home, 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.

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.

The Mozo community has not yet rated Bank of Sydney for this home loan.

Currently showing

Rates

  • 3.63% p.a.

  • n/a

  • 0 Months

  • none

  • 3.64% 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

  • $0.00

  • none

  • $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

  • none

  • none

Rates

  • 3.63% p.a.

  • n/a

  • 0 Months

  • none

  • 4.04% 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

  • $0.00

  • none

  • $395.00 yearly

  • $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

  • none

  • none

Rates

  • 3.99% p.a.

  • n/a

  • 0 Months

  • none

  • 4.39% 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

  • $0.00

  • none

  • $395.00 yearly

  • $300.00

Other financial bits

  • $100,000

  • none

  • 80.00%

  • 90.00%

Features

  • Owner Occupier

  • Principal & Interest, Interest Only

  • Monthly

  • yes - free

  • yes

  • yes - free

  • $2,000.00

  • yes

  • yes

  • none

  • none

*The Comparison Rate combines the lender's interest rate, fees and charges into a single rate to show the true cost of a home loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years, and applies only to this example. Different amounts and terms will result in different comparison rates. Full comparison rate schedules are available from lenders. Costs such as redraw fees or early repayment fees, and savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.

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