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- Bank of Sydney
- Standard Variable Rate Home Loan
Standard Variable Rate Home Loan
- Owner Occupied
- Variable
- 10% min deposit
- P&I
Interest rate p.a.
11.65%
Comparison rate* p.a.
11.81%
Standard Variable Rate Home Loan
- Owner Occupied
- Variable
- 10% min deposit
- P&I
Interest rate p.a.
11.65%
Comparison rate* p.a.
11.81%
Bank of Sydney Variable Rate Home Loan overview
For Standard Variable Rate Home Loan (Principal & Interest)
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
90%
Total repayments
Interest rate type
Variable
Borrowing range
$25k - $5m
Suitable for
Owner Occupiers
Loan term range
1 - 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
Fees
Total estimated upfront fees
$750
Application fee
$600
Legal fee
$0
Valuation fee
$0
Settlement fee
$150
Other upfront fee
$0
Ongoing fee
$10
Discharge fee
$300
Pros and Cons
For Standard Variable Rate Home Loan
Benefits
- Parents can sign as guarantor
- Extra repayments and redraw facility
- Free redraw facility
- Split account option
Drawbacks
- Higher than average interest rate
- Ongoing fee
- Higher than average upfront fee
- Discharge fee at end of loan
