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Reduction to Fixed Interest Rates

Reduction to Fixed Interest Rates on home loans

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Thursday 16th April 2020
 

Bank of Sydney reduces Fixed Interest Rates on new home loans

 

We will be decreasing the interest rates on the below fixed interest rate home loans by up to 0.97% p.a effective Friday 17th April 2020.

This adjustment follows an additional 0.25% per annum reduction in all existing owner occupier and investment Home Loan rates announced on 6 March 2020.

 

1 Year

2 Year

3 Year

5 Year

Owner Occupied P&I (up to 70% LVR)

2.79%

2.79%

2.79%

2.99%

Comparison Rate*

2.95%

2.93%

2.92%

2.98%

Owner Occupied IO (up to 70% LVR)

3.18 %

3.18 %

3.18 %

3.38%

Comparison Rate**

2.98%

3.00%

3.02%

3.13%

Investment P&I (up to 70% LVR)

3.15%

3.15%

3.15%

3.35%

Comparison Rate*

3.88%

3.85%

3.83%

3.85%

Investment IO (up to 70% LVR)

3.35%

3.35%

3.35%

3.65%

Comparison Rate**

3.90%

3.89%

3.88%

3.97%

 

Please note that Bank of Sydney offers a range of products and services to meet your needs. If you would like to discuss these options with us, please contact us on 13 95 00.

For customers experiencing financial difficulty please click here

Things you should know:
* The comparison rate is based on a secured loan of $150K over a term of 25 years. WARNING: The comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
** The comparison rate is based on a secured loan of $150K over the listed Interest Only term. Following the interest only period, it will revert to the P&I SVR for the remaining term. WARNING: The comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.