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Loan Interest Rate Reductions

Bank of Sydney Announces Loan Interest Rate Reductions

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Tuesday 8th October 2019

Bank of Sydney Announces Loan Interest Rate Reductions

We will be decreasing our Standard Variable Interest Rate by 0.15% per annum for all Owner Occupied and Investment Home Loans. This adjustment follows an additional 0.19% per annum reduction in Home Loan Rates implemented on the 23rd of July 2019.

With these interest rate changes, we are proud to continue providing our customers with competitive products, such as our BOSBasic Home Loan, which continues to be market leading. 

Effective 22 October 2019, Bank of Sydney will be making the following changes:

 

Current Advertised Rates

Advertised Rate as at 22/10/19

Home Loan SVR - Principal and Interest

5.28%

5.13%

Home Loan SVR - Interest Only

5.28%

5.13%

Investment Home Loan SVR - Principal and Interest

6.31%

6.16%

Investment Home Loan SVR - Interest Only

6.46%

6.31%

BOS Basic Home Loan - Principal and Interest

3.11%

2.96%

BOS Basic Home Loan - Interest Only

3.53%

3.38%

BOS Basic Investment Home Loan - Principal and Interest

3.60%

3.45%

BOS Basic Investment Home Loan - Interest Only

3.90%

3.75%

 

These decisions follow careful consideration by the Bank in regard to the current economic climate, regulatory environment as well as capital and funding requirements.

If you have any further questions, please do not hesitate to contact 1300 BANKING (1300 226 546).