Young family moving into their new home

BOS Basic Home Loan - Offer

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 ongoing fees and a competitive interest rate, is the one for you.
Interest rate (up to 70% LVR) 3.64 % p.a.
Comparison rate 1 3.70 % 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)
BOS Basic Home Loan Annual Rate Comparison Rate 1
P&I Variable Rate (up to 70% LVR) 3.64% p.a. 3.70% p.a.
P&I Variable Rate (>70% to 80% LVR) 3.71% p.a. 3.77% 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.

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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.

Standard lending criteria, fees and charges apply. Interest rates available as at 10 August 2022. The advertised interest rates are only available to new loans and excludes internal refinances or switches for existing loans with Bank of Sydney. The advertised rates include a discount off our standard variable rate for owner occupied or investment home loans. Talk to your lender for more information. Interest rates are subject to change without notice.

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.

Please take a moment to read through the below information before applying, as this advice is general and does not take into account specific individual needs.

Consumer Loan Terms & Conditions

Lending Facilities Fees & Charges Guide

Target Market Determination (TMD) for these products is available here:

Lending Products TMD

More information about our products and services is available here.