Bank of Sydney
Expect More
Construction Variable Principal & Interest 0 Years 60% LVRRates as at 28 Sep 2026
Rates as at 28 Sep 2026
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This Bank of Sydney Expect More rate option is designed for building a new home, with a variable interest rate of 6.14% and a comparison rate of 6.16%. Repayments are principal and interest, reducing the loan balance over time, and the rate can move if the lender changes its rates. Borrowing is capped at 60% of the property value, so a deposit of at least 40% is required. The variable structure allows extra repayments, and the package includes a 100% offset account and redraw facility.
This summary was generated from Bank of Sydney’s published product data for this specific rate option. Always confirm current rates with the lender.
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.
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.
Unlike in the US, there are no lenders in Australia that offer 20 or 30 year fixed rates for standard residential home loans. Bank of Sydney Expect More offers fixed loan terms between 1 - 2 years.
Unlike in the US, there are no lenders in Australia that offer 20 or 30 year fixed rates for standard residential home loans. Bank of Sydney Expect More offers fixed loan terms between 1 - 5 years.
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.
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. Bank of Sydney may also charge you a fixed-rate break cost if you refinance out of Expect More or sell your house before the fixed term ends. It can cost thousands of dollars, and the advantages of breaking the fixed loan won't always outweigh the disadvantages.
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.
No, Expect More does not come with an offset account. Generally speaking, offset accounts is more common with variable rate home loans than fixed loan options.
Yes, Expect More comes with a 100% offset account. A 100% offset account is an account linked to your home loan where you can park your savings and spare cash to reduce the interest you pay. Then, when interest is calculated on your home loan, the balance in your offset account is deducted from the loan amount owing, and interest is only charged on what remains.
There is upfront costs of $150 to apply for Expect More, with no ongoing account keeping fees. Settlement fee: $150
There is upfront costs of $150 to apply for Expect More. Settlement fee: $150 Expect More also comes with ongoing account fees of $395 per year. Annual fee: $395 per year
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.