Young family moving into their new home

BOS Basic Home Loan

Young family moving into their new home
Looking to buy a new home and want to keep things simple? Our BOS Basic Home Loan, with no fees and a competitive interest rate, is the one for you.
Variable rate 2.84 % p.a.
Comparison rate 1 2.89 % p.a.

Key features

No monthly or annual fees
Redraw facility available through Internet Banking with no fees
Pay off your loan sooner with no costs for extra repayments
We’ll cover your legal fees (up to $475)
And we’ll cover your valuation fees (up to $420)
Principal and Interest Annual Rate Comparison Rate 1
Variable Rate (up to 70% LVR) 2.84% p.a. 2.89% p.a.
Interest Only Annual Rate Comparison Rate 1
Variable Rate 1 Year 3.23% p.a. 2.93% p.a.
Variable Rate 2 Years 3.23% p.a. 2.96% p.a.
Variable Rate 3 Years 3.23% p.a. 2.99% p.a.
Variable Rate 4 Years 3.23% p.a. 3.02% p.a.
Variable Rate 5 Years 3.23% p.a. 3.05% p.a.
Package Fee $0.00
Application Fee $600.00
Discharge of Mortgage Fee $300 (plus legal costs)
Variation Fee $300.00
Settlement Fee $150.00
Legal Fees Maximum value of $475.00 cover by BOS
Valuation Fees Up to $420.00 per application covered by BOS

Frequently Asked Questions

You can make additional repayments to your loan, which will then be available for redraw if you need to use the extra money later on. Please note that fixed rate home loans have a $10,000 maximum extra repayment limit per year, without incurring any penalties or break costs. 

If you’d like to switch your loan repayments from Principal and Interest to Interest Only, your home loan rate may also change. Interest Only repayments do not reduce the loan principal amount, so if you’re looking to reduce your home loan repayments, get in touch with your Relationship Manager or our Home Loan Specialists to discuss the best option for you.

If you’re ready to start your home buying journey, you can apply online and get a conditional pre-approval. The application only takes 20 minutes to complete.

To start, please take a moment to read the Terms and Conditions, PDS & Privacy Policy available here. 

Before you begin please make sure you have your contact details, identification (Driver’s License or Passport), relevant financial details and purchase property price and postcode on hand.

On submission of your application you’ll promptly receive an email advising you of the pre-approval outcome.

What comes next? A Home Loan Specialist will then be in touch to walk you through next steps and help you through the process.

Apply Online 

Ready to apply for a BOS Basic Home Loan?

Have the details of the property you want to buy ready

Make sure you have your ID (Driver’s License or Passport) and financial documents nearby

Apply online in just 20 minutes

Once you’ve completed the form, we’ll be in touch right away to tell you if you’ve been pre-approved

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We're here to help

Our Home Loan Specialists are on hand to help you when you need it.

Got a question or feedback? Ask us online.

Talk to one of our friendly staff between 9:30am – 5:00pm (AEST) Monday to Friday.

1 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. Any advice or information does not take into account your personal objectives, financial situation or needs and you should consider whether it is appropriate for you.

All applications subject to meeting lending criteria and Bank of Sydney approval.

Terms and Conditions and Fees & Charges apply and can be found here.