Bank of Sydney home loan repayment calculator

Thinking about taking out a home loan with Bank of Sydney? Use our home loan calculator to see how much you’d have to repay under different borrowing scenarios. You can also see how Bank of Sydney home loans compare with other options.

I'd like to borrow

$

I am an

Loan term

With a repayment type

Your estimated repayments

at interest rate 2.84 %

Total interest payable

$0

Total amount payable

$0

Pros and cons

Pros
  • Specialised loans available, including line of credit and low doc loans.
  • Additional repayments allowed on most loans.
  • Offers discounted package loans.
Cons
  • Limited branch access outside Sydney.
  • High standard variable rate.

Bank of Sydney home loans rates

Product
Advertised Rate
Total estimated upfront fees
Company
Comparison Rate*
Ongoing fee
Go to site

2.84%

Variable

$1645
Bank of Sydney

2.89%

$0
More details

2.94%

Variable

$150
Bank of Sydney

2.96%

$0
More details

3.20%

Variable

$1645
Bank of Sydney

3.25%

$0
More details

3.40%

Variable

$1645
Bank of Sydney

3.27%

$0
More details

2.79%

Fixed - 3 years

$150
Bank of Sydney

3.33%

$0
More details

2.79%

Fixed - 2 years

$150
Bank of Sydney

3.34%

$0
More details

2.79%

Fixed - 1 year

$150
Bank of Sydney

3.36%

$0
More details

2.99%

Fixed - 5 years

$150
Bank of Sydney

3.39%

$0
More details

3.15%

Fixed - 3 years

$150
Bank of Sydney

3.83%

$395 annually
More details

3.15%

Fixed - 2 years

$150
Bank of Sydney

3.85%

$395 annually
More details

3.35%

Fixed - 5 years

$150
Bank of Sydney

3.85%

$395 annually
More details

3.15%

Fixed - 1 year

$150
Bank of Sydney

3.88%

$395 annually
More details

3.35%

Fixed - 3 years

$150
Bank of Sydney

3.88%

$0 annually
More details

3.35%

Fixed - 2 years

$150
Bank of Sydney

3.89%

$0 annually
More details

3.35%

Fixed - 1 year

$150
Bank of Sydney

3.90%

$0 annually
More details

3.50%

Variable

$150
Bank of Sydney

3.91%

$0 annually
More details

3.60%

Variable

$150
Bank of Sydney

3.92%

$395 annually
More details

3.65%

Fixed - 5 years

$150
Bank of Sydney

3.97%

$0 annually
More details

5.13%

Variable

$1130
Bank of Sydney

5.29%

$10 monthly
More details

5.13%

Variable

$1130
Bank of Sydney

5.29%

$10 monthly
More details

6.06%

Variable

$1130
Bank of Sydney

6.21%

$10 monthly
More details

Bank of Sydney customer service

Home loan customers at Bank of Sydney can contact the bank in a number of ways. These include a customer service phone line, online, by email or in person at Bank of Sydney branches. Customers can enquire about Bank of Sydney home loan products through an online form or apply in person.

  • Customer service centre (phone)
  • Mobile app
  • Online banking
  • Email
  • Live Chat
  • Branch
  • Mobile banking staff

How to Apply

Bank of Sydney allows potential customers to enquire about a home loan product via an online form, by phone or in person. However, there is no option to apply online and customers may find it easiest to apply at a Bank of Sydney branch. Before applying for a home loan it is advisable to think about how much money you could conceivably borrow given your financial situation and income. You will also need to provide documentation when applying for a home loan. This may include: 

  • Personal identification documents.
  • Proof of employment.
  • Proof of income, earnings and assets.
  • Information on current debts, loans and investments.

Learn more about Bank of Sydney

Who offers 40 year mortgages?

Home loans spanning 40 years are offered by select lenders, though the loan period is much longer than a standard 30-year home loan. You're more likely to find a maximum of 35 years, such as is the case with Teacher’s Mutual Bank

Currently, 40 year home loan lenders in Australia include AlphaBeta Money, BCU, G&C Mutual Bank, Pepper, and Sydney Mutual Bank.

Even though these lengthier loans 35 to 40 year loans do exist on the market, they are not overwhelmingly popular, as the extra interest you pay compared to a 30-year loan can be over $100,000 or more.

What is a variable home loan?

A variable rate home loan is one where the interest rate can and will change over the course of your loan. The rate is determined by your lender, not the Reserve Bank of Australia, so while the cash rate might go down, your bank may decide not to follow suit, although they do broadly follow market conditions. One of the upsides of variable rates is that they are typically more flexible than their fixed rate counterparts which means that a lot of these products will let you make extra repayments and offer features such as offset accounts.

How can I get a home loan with bad credit?

If you want to get a home loan with bad credit, you need to convince a lender that your problems are behind you and that you will, indeed, be able to repay a mortgage.

One step you might want to take is to visit a mortgage broker who specialises in bad credit home loans (also known as ‘non-conforming home loans’ or ‘sub-prime home loans’). An experienced broker will know which lenders to approach, and how to plead your case with each of them.

Two points to bear in mind are:

  • Many home loan lenders don’t provide bad credit mortgages
  • Each lender has its own policies, and therefore favours different things

If you’d prefer to directly approach the lender yourself, you’re more likely to find success with smaller non-bank lenders that specialise in bad credit home loans (as opposed to bigger banks that prefer ‘vanilla’ mortgages). That’s because these smaller lenders are more likely to treat you as a unique individual rather than judge you according to a one-size-fits-all policy.

Lenders try to minimise their risk, so if you want to get a home loan with bad credit, you need to do everything you can to convince lenders that you’re safer than your credit history might suggest. If possible, provide paperwork that shows:

  • You have a secure job
  • You have a steady income
  • You’ve been reducing your debts
  • You’ve been increasing your savings

What is a guarantor?

A guarantor is someone who provides a legally binding promise that they will pay off a mortgage if the principal borrower fails to do so.

Often, guarantors are parents in a solid financial position, while the principal borrower is a child in a weaker financial position who is struggling to enter the property market.

Lenders usually regard borrowers as less risky when they have a guarantor – and therefore may charge lower interest rates or even approve mortgages they would have otherwise rejected.

However, if the borrower falls behind on their repayments, the lender might chase the guarantor for payment. In some circumstances, the lender might even seize and sell the guarantor’s property to recoup their money.

How do I take out a low-deposit home loan?

If you want to take out a low-deposit home loan, it might be a good idea to consult a mortgage broker who can give you professional financial advice and organise the mortgage for you.

Another way to take out a low-deposit home loan is to do your own research with a comparison website like RateCity. Once you’ve identified your preferred mortgage, you can apply through RateCity or go direct to the lender.

What is breach of contract?

A failure to follow all or part of a contract or breaking the conditions of a contract without any legal excuse. A breach of contract can be material, minor, actual or anticipatory, depending on the severity of the breaches and their material impact.

What happens when you default on your mortgage?

A mortgage default occurs when you are 90 days or more behind on your mortgage repayments. Late repayments will often incur a late fee on top of the amount owed which will continue to gather interest along with the remaining principal amount.

If you do default on a mortgage repayment you should try and catch up in next month’s payment. If this isn’t possible, and missing payments is going to become a regular issue, you need to contact your lender as soon as possible to organise an alternative payment schedule and discuss further options.

You may also want to talk to a financial counsellor. 

How often is your data updated?

We work closely with lenders to get updates as quick as possible, with updates made the same day wherever possible.

Mortgage Calculator, Repayment Type

Will you pay off the amount you borrowed + interest or just the interest for a period?

Remaining loan term

The length of time it will take to pay off your current home loan, based on the currently-entered mortgage balance, monthly repayment and interest rate.

Why was Real Time Ratings developed?

Real Time RatingsTM was developed to save people time and money. A home loan is one of the biggest financial decisions you will ever make – and one of the most complicated. Real Time RatingsTM is designed to help you find the right loan. Until now, there has been no place borrowers can benchmark the latest rates and offers when they hit the market. Rates change all the time now and new offers hit the market almost daily, we saw the need for a way to compare these new deals against the rest of the market and make a more informed decision.

What is a debt service ratio?

A method of gauging a borrower’s home loan serviceability (ability to afford home loan repayments), the debt service ratio (DSR) is the fraction of an applicant’s income that will need to go towards paying back a loan. The DSR is typically expressed as a percentage, and lenders may decline loans to borrowers with too high a DSR (often over 30 per cent).

Why is it important to get the most up-to-date information?

The mortgage market changes constantly. Every week, new products get launched and existing products get tweaked. Yet many ratings and awards systems rank products annually or biannually.

We update our product data as soon as possible when lenders make changes, so if a bank hikes its interest rates or changes its product, the system will quickly re-evaluate it.

Nobody wants to read a weather forecast that is six months old, and the same is true for home loan comparisons.

What is a construction loan?

A construction loan is loan taken out for the purpose of building or substantially renovating a residential property. Under this type of loan, the funds are released in stages when certain milestones in the construction process are reached. Once the building is complete, the loan will revert to a standard principal and interest mortgage.

What is appraised value?

An estimation of a property’s value before beginning the mortgage approval process. An appraiser (or valuer) is an expert who estimates the value of a property. The lender generally selects the appraiser or valuer before sanctioning the loan.