Home Loans 21/12/2020

Bank of Sydney Home Loan Review

Read Here for Our bank of Sydney Home Loan Review:

Whether you’re looking to buy your first home or the one that grows old with you, Bank of Sydney can help turn your dream house into reality.

For home buyers, Bank of Sydney offers a basic home loan that lets you borrow up to 70% of the property value with a 2.84% interest rate per annum.

Bank of Sydney also caters to property investors, providing basic home loans that let you borrow up to 70% of the property value with a 3.2% interest rate per annum.

About Bank of Sydney

Bank of Laiki opened in Australia in 2001 and was acquired by Bank of Beirut in 2011. It was later renamed Bank of Sydney in May 2013.

Bank of Sydney operates 13 branches across Sydney, Melbourne and Adelaide with a full online and mobile banking platform to complement its brick-and-mortar locations.

In addition to home loans and investment loans, Bank of Sydney offers banking products for both individual and corporate accounts. These include credit and debit cards, transaction and savings accounts, and foreign currency services.

Bank of Sydney Home Loans

BOS Basic Home Loan

Looking for a simple, no-frills loan for purchasing a new house? The Bank of Sydney Basic Home Loan offers a competitive interest rate with no ongoing fees.

Key loan features:

  • No monthly or annual fees
  • Redraw facility available through online banking with no extra charge
  • Make extra repayments to pay off your loan faster at no extra cost
  • Annual rate from 2.84% per annum
  • The bank will cover your legal fees up to $475
  • The bank will cover your valuation fees up to $420

BOS Expect More Home Loan

Do you need more features than a basic home loan? You can expect more from the Bank of Sydney Expect More Home Loan.

Key loan features:

  • Fixed or variable rate options
  • 100% offset account available
  • Redraw facility available through online banking with no extra charge
  • Make extra repayments to pay off your loan faster at no extra cost
  • Annual rate from 2.94% per annum
  • The bank will cover your legal fees up to $475
  • The bank will cover your valuation fees up to $420

BOS Home Equity Maximiser

Tap into the home equity that you built to reach your goals faster with a Home Equity Maximiser line of credit.

Key loan features:

  • LVR up to 70%
  • Only pay interest on the funds that you use each month.
  • Flexible options available for additional repayments
  • Access your line of credit anytime by linking your account to a Visa debit card, cheque book, or online banking
  • Annual rate from 4.84% per annum
  • Combine your Home Equity Maximiser with other Bank of Sydney home loans for even more control over your money
  • You can choose not to have any set repayments. This is possible as long as you can pay the interest every month.

Who Can Apply For a Bank of Sydney Home Loan?

To be eligible for a Bank of Sydney home loan or credit line, you must be at least 18 years old and a permanent resident of Australia. You should also provide proof of your identity and a regular source of income.

Apply for a Bank of Sydney Home Loan and Get Pre-Approved

When you apply for a Bank of Sydney home loan, you’ll be able to get conditional pre-approval in as little as 20 minutes. You may reach BOS through phone, online, or by visiting any of their 13 branches.

To compare Bank of Sydney home loans with other mortgage rates, check out our home loan reviews for other banks and lenders in Australia.

Our Bank of Sydney Home Loan Review is just one of many. You can also read reviews on many more Home Loan Reviews at MakesCents.