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- Home Equity Maximiser
Home Equity Maximiser
- Owner Occupied
- Variable
- 30% min deposit
- Interest Only
Interest rate p.a.
9.09%
Comparison rate* p.a.
Home Equity Maximiser
- Owner Occupied
- Variable
- 30% min deposit
- Interest Only
Interest rate p.a.
9.09%
Comparison rate* p.a.
Bank of Sydney Variable Rate Home Loan overview
For Home Equity Maximiser
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
70%
Total repayments
Interest rate type
Variable
Borrowing range
$5k - $5m
Suitable for
Line of Credit, Owner Occupiers
Loan term range
1 - 10 years
Repayment type
Interest only
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
Offset account
Split interest facility
Loan portability
Repayment holiday available
Allow guarantors
Available for first home buyers
Other benefits
Fees
Total estimated upfront fees
$400
Application fee
$400
Legal fee
$0
Valuation fee
$0
Settlement fee
$0
Other upfront fee
$0
Ongoing fee
$10
Discharge fee
$300
Pros and Cons
For Home Equity Maximiser
Benefits
- Parents can sign as guarantor
Drawbacks
- No redraw and no offset
- Higher than average interest rate
- Ongoing fee
- Higher than average upfront fee
- Discharge fee at end of loan
- Maximum loan amount is limited to 70% of the property's value
