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- BOSBasic Home Loan
BOSBasic Home Loan
- Owner Occupied
- Variable
- 20% min deposit
- P&I
Interest rate p.a.
6.09%
Comparison rate* p.a.
6.11%
BOSBasic Home Loan
- Owner Occupied
- Variable
- 20% min deposit
- P&I
Interest rate p.a.
6.09%
Comparison rate* p.a.
6.11%
Bank of Sydney Variable Rate Home Loan overview
For BOSBasic Home Loan (LVR < 80%)
Principal & Interest (P&I)
Loan type
Loan to value ratio
Interest rate
Comparison rate
Interest only
Loan type
Loan to value ratio
Interest rate
Comparison rate
Details
Maximum LVR
80%
Total repayments
Interest rate type
Variable
Borrowing range
$250k - $100m
Suitable for
Owner Occupiers
Loan term range
0 - 30 years
Repayment type
Principal and Interest
Applicable states
ACT, NSW, QLD, SA, VIC
Repayment options
Fortnightly, Monthly, Weekly
Target Market Determination
Visit Bank Of Sydney Ltd to view Target Market Determination.
Features
Extra repayments
Unlimited
Redraw facility
Redraw fee: $0
Offset account
Split interest facility
Loan portability
Repayment holiday available
Allow guarantors
Available for first home buyers
Other benefits
Application fee ($600) is waived. Up to $475 in legal fees and up to $420 in valuation fees covered by Bank of Sydney.
Fees
Total estimated upfront fees
$150
Application fee
$0
Legal fee
$0
Valuation fee
$0
Settlement fee
$150
Other upfront fee
$0
Ongoing fee
$0
Discharge fee
$300
Pros and Cons
For BOSBasic Home Loan
Benefits
- Interest rates ranked in the best 20%
- No ongoing fees
- Parents can sign as guarantor
- Extra repayments and redraw facility
- Free redraw facility
- Split account option
Drawbacks
- No offset account
- Higher than average upfront fee
- Discharge fee at end of loan
