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Rates from 1.79% OOPI, 1.99% INV, 1.99% IO, 2.29% Variable with 100% Offset. No Ongoing Fees, $150 Upfront Fee @ Bank of Sydney


Bank of Sydney are offering some amazing deals as part of their "Expect More" promotional campaign, which is running until 31 July 2021.

Some of the key highlights are:
1.) Some of the sharpest fixed rates on the market - including Home Loan Rates from 1.79% and Investment or Interest Only Rates from 1.99% pa (!)
2.) Most upfront fees are waived, and the annual fee is waived for the life of the loan
3.) A 100% offset account available on variable splits at no additional cost, with variable rates starting at 2.29% pa for OOPI

Details below (all on the Expect More Package):

Owner Occupied P&I
- 1 Year Fixed = 1.79% pa (2.27% CPR)
- 2 Year Fixed = 1.89% pa (2.24% CPR)
- 3 Year Fixed = 1.89% pa (2.21% CPR)
- Variable with 100% offset = 2.29% pa (2.31% CPR)

Investment P&I
- 1 Year Fixed = 1.99% pa (2.56% CPR)
- 2 Year Fixed = 2.09% pa (2.52% CPR)
- 3 Year Fixed = 2.09% pa (2.49% CPR)
- Variable with 100% offset = 2.59% pa (2.61% CPR)

Investment IO
- 1 Year Fixed = 1.99% pa (2.56% CPR)
- 2 Year Fixed = 2.09% pa (2.52% CPR)
- 3 Year Fixed = 2.09% pa (2.49% CPR)
- Variable with 100% offset (3 Years IO) = 2.59% pa (2.61% CPR)

Standard Fees Payable
- Upfront = $150 settlement fee (no application fee and both legal fees up to $475 and val fees up to $420 are covered by BoS).
- Ongoing = Nil ($395 pa Expect More package fee waived for life of loan).
- Optional Upfront = 0.2% of loan amount rate lock fee; capped at $600 during the campaign period.

- $250k minimum loan amount
- <80% Loan-to-Value ratio (LVR)
- Must apply by 31 July 2021
- Must settle by 31 October 2021
- New to bank loans only
- Metro postcodes only

Current SLA's (as at 28 June 2021)
- Purchases & Refinances = 7 Business Days
- Pre-approvals = 10 Business Days


Please use our platform to submit an enquiry, or get in touch with one of our senior brokers directly.

Our team is here to help, and will work to ensure we obtain the best pricing and offers possible for you. You can lodge an enquiry via our award winning tech platform here - https://loanbase.com.au/compare-home-loans-fva, or contact one of our brokers directly with their details below.

Leo Gonzales, Email: [email protected], Calendar link: https://calendly.com/loanbase-leo/initial
Eric Cheng, Email: [email protected], Calendar link: https://calendly.com/loanbase-eric/quickchat
Andrew Loucas, Email: [email protected], Calendar link: https://calendly.com/loanbase-andrew/quickchat

Please contact us to confirm the best deals you could qualify for, as well as discuss any additional broker cashback that may be applicable, which will depend upon your utilised loan size.

Note that we also have access to other lenders that will still be offering up to $4k purchase and refinance cashbacks through July 2021, as well as fast SLA's and great discretionary pricing.

Note that we have been unable to find any of the promotional fixed rates advertised on the lender's website (they were communicated to our brokers by email and confirmed as available by our BDM), but you may alternatively be able to apply directly through the lender if you prefer. However the service to apply through an accredited broker who is familiar with the offer comes at no additional cost, and which we have several across our team of specialists.

Loan Base Pty Ltd (ABN 95 162 141 915) · Australian Credit Licence Number 508 308
Head Office: Level 1, 1-5 Link Road, Zetland, NSW, 2017. Phone: 1300 512 377.

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closed Comments

  • +2 votes

    How about for existing customer on variable?

    • +1 vote

      Hi tukanglistrik - unfortunately, this offer is for new to bank customers only.

      With that said, if you are an existing customer, it may be worth reaching out to the Bank of Sydney retention team to confirm what rates they could offer you to retain your business.

      Last week we managed to get discretionary retention pricing approved for existing Owner Occ P&I BoS clients that was only 0.1% higher than this promotional rate - i.e. 2.29% pa variable, 1.89% pa 1 year fixed, or 1.99% 2-3 year fixed.

      • +1 vote

        This is why there isn’t customer loyalty anymore.


          A: Which came first, chicken or the egg.
          B: Don't hate the player, hate the game.


        Today is my settlement date, leaving BankSyd because they could not offer anything to existing customers.

        Edit: and so slow in responding/acting on release process.


          Agree, I left because they don’t offer anything better for existing customers

      • +3 votes

        Why are people downvoting Loan Base?

        This is a Bank of Sydney decision, not Loan Base.

        At least they were helpful and told you what another client managed to get.

        • +2 votes

          I agree with @StonedWizard. What's wrong with people. Loan Base is not a bank.

    • Must apply by 31 July 2020
    • Must settle by 31 October 2020


    • +6 votes

      Haha this offer is available to time travelers only ;-).

      Thanks for the pickup; have edited to 2021!

  • +4 votes

    good luck refinancing out of them when the time comes, they'll make a thousand excuses as to why your loan has not been released… 6 months delay was the worst i've heard thus far..


    Is this available in Melbourne?


      No reason it wouldn't it be


      Hi Burnertoasty, yes; provided the security property is located in a postcode that Bank of Sydney classifies as "VIC Metro", these offers would be available to Melbourne too - let me know if you'd like to speak to a broker to check your postcode/eligibility.

      • +1 vote

        Yes I would, if you could DM me, that would be great.


    How long do you have to be working in the same role to qualify for this offer?

    • +1 vote

      Generally minimum 6 months in your current role or 12 months in the same field/line of work. You also generally need to have completed any applicable probationary period (however if in the same field of employment, still on probation can be considered on a credit policy exception basis). Let us know if you'd like to speak to a broker to qualify you for this deal or any other deal.

  • +3 votes

    Fun fact:

    Bank of Sydney is a subsidiary of the bank of Beirut

    True story



    Was with them before. In my experience the service is good. However, their system very basic. No pay ID. Down quite often after midnight, or at least every time I tried to make a transfer after 12 pm. (Once or twice a week).


    Is the 250k net of any current savings/offset account balance? I have a 350k loan, 200k in the offset.


      Hi mickmac, yes you should be able to qualify for the offer, as lender requirements are based on nominal loan amounts, not utilised loan amounts.


    This looks very appealing, until I checked the online reviews for Bank of Sydney.

    Seems like it might be too much hassle. I think I'll pass unless someone can say something (anything?) positive about this bank.

    • +2 votes

      We have placed a number of clients with them with no real issues and a generally positive experience to date. As per one of my comments above, they even made a pretty strong retention offer for a client we settled on their basic variable loan a couple of years ago after just an email.

      From my perspective, the experience with them is one of more of a small business than with one of the majors, so your experience ultimately comes down to which staff member you get to work with you; but I've not been sent offshore for any enquiry to date and all service from BoS has been great - the main thing is their tech isn't the best on the market as per clover's comment above.

      Almost all banks have negative reviews online as well, since the people with the worst experiences tend to be the most vocal, and those with positive experiences tend to be silent unless specifically asked to leave a review - look at the reviews on productreview for any of the 4 majors - all between 1.4 and 1.5 stars.


        Yep, fair point. My concern is the apparent lake of reply to queries, and difficulties getting a loan released.

        That being said, I have a vacant block of land that I plan to develop next year. Is that classed as an investment loan with BoS? Other banks have been reluctant to lend on it as it is not a primary residence nor generating income.

        • +1 vote

          Fair enough, beerbudget - I think you'd have a better experience going through a broker, since we have business development managers assigned with settlement targets, so have a vested interest in responding to queries quickly and doing what they can to get as much business as possible going to Bank of Sydney. I'm not sure how BoS would assess your situation off the top of my head, but would be happy to connect you with one of our brokers to raise the query with our BDM if you like? They could also look at alternative lenders with more favourable assessment policies towards vacant land if BoS does not come back to us with a favourable assessment.

          • +1 vote

            @Loan Base: Thanks for your time in replying. Will chase up tomorrow


    No cashback, no deal


    FWIW I went with Bank of Sydney direct (not through a broker) and was very happy with the customer service and this is a pretty competitive deal compared to some others out there.