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Loan Interest Rate Reductions July 2019

Bank of Sydney Announces Loan Interest Rate Reductions July 2019

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Friday 5th July 2019

Bank of Sydney Announces Loan Interest Rate Reductions

We are pleased to announce that we will be decreasing our Standard Variable Interest Rate by 0.19% per annum for all Home Loans. This adjustment follows a 0.25% per annum reduction in Home Loan Rates effected on the 25th of June 2019.

Furthermore, a decrease of 0.19% per annum will also be applied to the Standard Variable Interest Rate on all Investment Home Loans. This adjustment follows a 0.20% per annum reduction in Investment Home Loan Rates effected on the 25th of June 2019.

These changes come after the RBA’s recent rate cut announcements and are effective as of 23rd July 2019.

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

 

The below table outlines the effective changes that Bank of Sydney will be making:

 

New Rates

Home Loan SVR - Principal and Interest

5.28%

Home Loan SVR - Interest Only

5.28%

Investment Home Loan SVR - Principal and Interest

6.31%

Investment Home Loan SVR - Interest Only

6.46%

BOS Basic Home Loan - Principal and Interest

3.11%

BOS Basic Investment Home Loan- Principal and Interest

3.60%

BOS Basic Investment Home Loan- Interest Only

3.90%

 

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