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 ongoing fees and a competitive interest rate, is the one for you.
Interest rate (up to 80% LVR) 6.09 % p.a.
Comparison rate 1 6.11 % 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 valuation fees (up to $420)
$600 application fee waived

An Award-Winning Home Loan 

The BOS Basic Home Loan provides excellent value and recently won the Low-Cost Home Loan Award in the Mozo Expert Choice Awards 2023.

Enquire Key Facts Sheet

Related Calculators

BOS Basic Home Loan Annual Rate Comparison Rate 1
P&I Variable Rate (80% LVR) 6.09% p.a. 6.11% p.a.
P&I Variable Rate (70% LVR) 6.09% p.a. 6.11% p.a.
P&I Variable Rate (60% LVR) 6.09% p.a. 6.11% p.a.
P&I Variable Rate (50% LVR) 6.09% p.a. 6.11% p.a.
Fees
Ongoing Fee $0.00
Application Fee $600.00 (waived)
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

There are changes to the Lending Fees, effective from 20 May 2024. Please refer to the Lending Facilities Fees & Charges Guide for further information.

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.

Contact Us

Got a question or feedback? Ask us online.

Submit an enquiry

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

Call 13 95 00

Standard lending criteria, fees and charges apply. Interest rates available as at  5pm, 8 September 2023, and are subject to change without notice. The advertised interest rates are only available to new loans with a LVR of 60% or less and excludes internal refinances or switches for existing loans with Bank of Sydney. The advertised rates include a discount off our standard variable rates for owner occupied and investment home loans. Standard variable rates may change over time. The discount off the standard variable rate applicable to your loan will be included in our loan offer. Talk to your lender for more information. Interest rates as stated are subject to change which can occur prior to the settlement of your loan.

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.