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Bank of Sydney Announces Loan Interest Rate Reductions

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Friday 7th June 2019

Loan Interest Rate Reductions

We are pleased to inform you that we will be decreasing our Standard Variable Interest Rate by 0.25% per annum for all Home Loans and 0.20% per annum for all Investment Home Loans as of 25 June 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

5.47%

Home Loan SVR - Interest Only

5.47%

Investment Home Loan SVR - Principal and Interest

6.50%

Investment Home Loan SVR - Interest Only

6.65%

BOS Basic Home Loan - Principal and Interest

3.30%

BOS Basic Home Loan - Interest Only

3.72%

BOS Basic Investment Home Loan- Principal and Interest

3.79%

BOS Basic Investment Home Loan- Interest Only

4.09%

 

In addition to the above, the Bank has also reduced its Fixed Rate Loans:

 

Home Loans

Investment Home Loans

Fixed Term

Principal & Interest

Principal & Interest

Interest Only

1

3.66%

3.96%

4.16%

2

3.66%

3.96%

4.16%

3

3.62%

3.92%

4.12%

5

3.96%

4.26%

4.46%

 

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

Fawaz Sankari,

Chief Banking Officer

Bank of Sydney