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Important disclosure

Bank Of Sydney Ltd

BOSBasic Home Loan

  • Owner Occupied
  • Variable
  • 20% min deposit
  • P&I
Interest Rate

6.09%

p.a

Comparison Rate*

6.11%

p.a

Real Time Rating™
Tags
  • Owner Occupied
  • Variable
  • 20% min deposit
  • P&I
Interest Rate

6.09%

p.a

Comparison Rate*

6.11%

p.a

ly Repayment

$0

based on $300,000 loan amount for 25 years at 6.09%

BOSBasic Home Loan

Find your ideal home loan from one of the 2 home loans from Bank of Sydney

Principal and Interest (P&I)

Loan typeLoan to value ratio
Interest rate
Comparison rate
Variable
Up to 80%

6.09% p.a.

6.11% p.a.

Product Info
Variable
Up to 60%

6.09% p.a.

6.11% p.a.

Product Info

Interest only

Loan typeLoan to value ratio
Interest rate
Comparison rate

Bank of Sydney Variable Rate Home loan overview

For BOSBasic Home Loan (LVR < 80%)

Details

Maximum LVR

80%

Total Repayments

$0

View repayment schedule »

Interest rate type

Variable

Borrowing range

$250k - $100m
Calculate how much you can borrow

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

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 (LVR < 80%)

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
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Product data updated on 18 Apr 2024

FAQs

What is the minimum amount you can apply for?

The range you can borrow from this loan is $250k to $99,999,999.

What's the minimum deposit needed for this loan?

This loan option comes with a maximum loan-to-value ratio of 80 percent, which means it requires a minimum deposit of 20 percent

What's the maximum length for this loan?

Bank Of Sydney Ltd allows you to have this loan for a range of 0 to 30 years.

How often can you make repayments?

Bank Of Sydney Ltd allows you to make repayments to this loan option through one of the following repayment schedules: fortnightly, monthly, weekly.

How much will the upfront fees be for this loan?

While it could change based on your circumstances, RateCity estimates that this loan option comes with $150 worth of upfront fees.

Does this loan come with a redraw facility?

Yes, this loan comes with a redraw, charged at $0 if you need to use it.

How do you apply for this loan?

To apply for this loan, please contact Bank Of Sydney Ltd.