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Bank of Sydney 3.64%pa, Comparison 3.65%pa PAYG Owner-Occupier Home Loan Rate. $0 Setup/Ongoing Fees. SYD, MELB, ADEL Metro Only

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Bank of Sydney 3.64%pa, Comparison 3.65%pa PAYG Owner-Occupier Home Loan Rate. $0 Setup/Ongoing Fees. SYD, MELB, ADEL Metro Only
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MarketingLBOSmarketing on 27/10/2016 - 09:15 banksyd.com.au (452 clicks)

Bank of Sydney Owner Occupier PAYG Expect More Home Loan
Variable - 3.64% Comparison - 3.65%*

There has never been a better time to move with our lowest Owner Occupier Home Loan.
The following criteria applies
Up to 80% LVR
Minimum 1 year in the same line of employment
Principal & Interest
$0 Annual Package Fee - Limited Time
PAYG only
Sydney, Melbourne and Adelaide Metro postcodes only

1.The owner occupier Expect More Home Loan Package applies to owner-occupiers for new loans and/or refinances from other financial institutions for a limited time only. The Variable Rate is valid as of 10/10/2016 and is subject to change without prior notice. Loan terms and conditions and other fees may apply. Normal lending criteria applies. Details are available from www.banksyd.com.au.
* 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 examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in different comparison rate.
2. You are a PAYG employee if your employer withholds regular funds from your salary and remits them to the ATO on a weekly/fortnightly/monthly basis.
3. Bank of Sydney Ltd (BOS) ABN 44 093 488 629 AFSL & Australian Credit License Number 243 444.

Financial Banking Home Loan

Related Stores

Bank of Sydney
Bank of Sydney

closed Comments

  • xyron on 27/10/2016 - 09:25

    probably the best home loan product on the market if you and your house fall into their eligibility criteria.

    how long does it usually take for you to provide pre-approvals/approvals? will you accept applications from people still on probation (one month to go…ING have pre-approved)?

    • MarketingBOSmarketing @ Bank of Sydney on 27/10/2016 - 13:19

      Hi,

      Thank you for your enquiry. If you could please PM me with your details and I will investigate this issue.

      Thanks,
      MR

  • tomleonhart on 27/10/2016 - 09:26

    Good deal :D

  • Aaroninau on 27/10/2016 - 09:27
    • The comparison rate is based on a secured loan of $150K over a term of 25 years.

    What is the comparison rate based on a loan of 300k over 30 years?

    Interested in borrowing more over longer term.

  • tiepers on 27/10/2016 - 09:30
    +4

    My experience with transferring to BoS has been terrible. I am 7-8 weeks into my 'transfer' process and am still not sure if my loan will go over.

    I have a simple (and large) loan, not very complicated and yet they still can't give me a sure response.

    Not to mention, i've done this through a broker who has been hassling on my behalf!

    Happy to give anyone more details just PM me.

    • MarketingBOSmarketing @ Bank of Sydney on 27/10/2016 - 09:58
      +1

      Hi,

      This is Monica from Bank of Sydney. Thank you for your feedback. If you could please give me more details and I will investigate the issue on your behalf.

      Regards,

      • tiepers on 27/10/2016 - 10:28

        PM'ed.

  • carwashhair on 27/10/2016 - 09:36

    Anyone know if it's possible to get this loan thru one of those online brokers (forgetting their websites atm) that splits their trailing commission with you? If so, possibly an even better deal?

    • tiepers on 27/10/2016 - 09:38

      I've been using Naritas Finance to get mine across. They've been okay.

      • naritas on 27/10/2016 - 12:03

        Hi Tiepers,

        Thank you for the feedback. We'd like to get one of our senior managers to take a look at your application and double check what may have been causing delays with respect to the credit assessment process. Could you kindly us send us a PM to facilitate this as it would be our pleasure to assist.

        Kind regards,

        Jodie
        Customer Service Team
        Naritas Finance

        • tiepers on 27/10/2016 - 12:21

          Hi Jodie

          As mentioned my feedback for Naritas has been fine. I've been explained the delay has nothing to do with Naritas (and even had a call from the MD today) so I don't really need anyone else to look into it. I understand the delay is purely from BoS.

          Thanks anyway.

  • arctan on 27/10/2016 - 09:59

    What is the background of this bank? I heard it's from middle east.

    • xyron on 27/10/2016 - 10:16
      +1

      Previously the Beirut Hellenic Bank. BOS is a subsidiary of the Bank of Beirut.

  • muzzy1907 on 27/10/2016 - 10:07
    +2

    I went for this deal through the broker. While broker is pleasant to deal with, good communication etc. I can't say the same with BOS.

    You need to stay on top of them as I believe they are quite busy with all the applications. I did get approved though. Been told papers should come through today or tomorrow. Been 8 weeks so far.

    Give them a go only if you have the patience I'd say.

    • [Deactivated] on 28/10/2016 - 16:08
      +1

      Thanks for your feedback muzzy1907. Look forward to helping you through to settlement.

  • its on 27/10/2016 - 10:11
    +3

    Great rate.. worst experience ever!!!.. stuck with finalization with them as well (or that is what I am told).. they increased their rate as soon as they were overwhelmed with applications from 3.54% to 3.64% to stop the influx…

    Went via broker.. been 7-8 weeks myself..

    I suggest clear all your current pending applications before advertising any offers.. because you will get more applications = more delays = more annoyed customers == more bad publicity..

    • tiepers on 27/10/2016 - 10:23

      Agreed, i'm surprised their marketing department is still advertising deals when their service levels are up to 7-8 weeks.

  • scrypton on 27/10/2016 - 10:47
    +1

    HSBC currently has 3.55% (3.57% comparison) with no application fee:

    http://www.hsbc.com.au/1/2/makingadifference

    • tomleonhart on 27/10/2016 - 11:03
      +1

      no offset.

      • scrypton on 27/10/2016 - 11:17

        True. They have free redraw options though, although I know it's not exactly the same.

  • Russ on 27/10/2016 - 10:47

    While this is a good rate for a bricks-and-mortar bank, that has branches you can walk into and talk face-to-face, you can get better rates with online-only banks. For example, Loans.com.au is currently offering 3.39% to new buyers and 3.59% to refinancers, also with no application, monthly or annual fees.

    • dasher86 on 27/10/2016 - 11:11

      3.49% with offset account.

    • scrypton on 27/10/2016 - 11:13

      I looked at some online reviews and there are mixed responses for loans.com.au. http://www.productreview.com.au/p/loans-com-au.html

    • Ametric on 27/10/2016 - 11:25

      I know it sounds tempting, but their comparison rate (reduce loan homes there as well) is misleading. Don't forget to include all initial fees (valuation, mortgage registration and the like), then please do math again and see what you get…

    • muzzy1907 on 27/10/2016 - 17:28

      loans.com.au offers a great rate, good customer service and quick refinance process.
      The only thing is that the rate creeps up / gets out of date fairly quickly. Expect to refinance again soon.

  • MarketingBOSmarketing @ Bank of Sydney on 27/10/2016 - 13:45

    Hi,

    Bank of Sydney Owner Occupier PAYG Expect More Home Loan Package covers valuation fees up to $330 and legal fees up to $400. There is no application fee and no account keeping fee. For more information please visit: http://www.banksyd.com.au/index.php?option=com_content&catid…

    Thanks,
    MR

    • f4te on 27/10/2016 - 14:24

      Plus $300 exit & 'unascertainable' legal fees?

  • markb28 on 27/10/2016 - 14:19
    +1

    I don't know why you're still spruiking this deal when you know you have a massive backlog of applications. I applied in mid September and you have yet to pick up the file, contact me of any delays or check us out - complete waste of time - this was with my broker harassing you also for updates. Had to go elsewhere, where I got approval in 2 days. This was after spending ages filling out your paperwork.

    I wouldn't bother with these guys if you you are looking for a mortgage in 2016.

    • movieman on 08/11/2016 - 16:39

      Hello,

      Who did you go with?

      • markb28 on 08/11/2016 - 16:53

        Hunter Utd

  • muzzy1907 on 27/10/2016 - 17:24

    Update: I finally received my loan docs today. Like I said before, need to be quite patient. Very slow process. Let's see how long settlement takes…

  • chunky on 29/10/2016 - 11:41
    +1

    Had a similar experience to markb28. It's been around 7 weeks since we began the incredibly tedious application process with BOS and only yesterday were we informed that they would not touch our application since we are on probation, even though it is not a condition on their website to not be on probation as long as we moved within the same industry - very misleading and what a waste of our time! We will definitely be going elsewhere.

    • movieman on 08/11/2016 - 16:39

      Who did you decide to go with?

  • dealsniper on 11/11/2016 - 13:04

    what other good deals are there for Owner Occupier that are available now?

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