Bank of Sydney

Bosbasic Home Loan

Refinance
Variable
60% LVR

6.19%

Interest rate

6.23%

Comparison rate


Ratings

LVR options

LVR is an acronym for Loan-To-Value Ratio. The LVR is the amount you are borrowing against the property value being used as security, represented as a percentage.

Bank of Sydney Bosbasic Home Loan offers tier pricing for lower LVR.

Repayment options

Interest only loans have traditionally been tailored to investors so they can reduce their mortgage repayments and maximise their tax benefits and overall return on investment (ROI). However, getting home loan with interest only (IO) has its place and some lenders are willing to consider your application if you can provide valid reasons.

Interest only repayment option is not available with Bank of Sydney Bosbasic Home Loan for refinance.

Variable
Paying pricinpal and interest
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Bank of Sydney

Q&As

Does Bank of Sydney Bosbasic Home Loan comes with an offset account?

No, Bosbasic Home Loan does not come with an offset account.

While it does not have the convenient that comes with an offset account, but $Bosbasic Home Loan comes with a redraw facility. A redraw facility works similar to an offset account. If you put the same amount into home loan as extra repayments, your interest bill will reduce by the same amount, but still have access those extra funds if you need them later.

What are the costs to apply for Bank of Sydney Bosbasic Home Loan?

There is upfront costs of $750 to apply for Bosbasic Home Loan, with no ongoing account keeping fees.

  • Application fee: $600
  • Settlement fee: $150

Are there costs when I exit or refinance to another lender?

Bank of Sydney charge a discharge fee of $300, which covers the cost for removing the mortgage that has been registered on the title of your property.

IMPORTANT: Lenders change their policy from time to time so this information is current only accurate at the time that it was written. You should always check with Bank of Sydney or a mortgage broker just to be sure. This information should be used as a guide only.

Contact a mortgage broker

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