Rating based on 34 reviews

Bank of Sydney

Updated June 28, 2023

Home loans up to $200,000
Low-interest starting from 3.79%
Repayment up to 30 years

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Bank of Sydney homepage — Author Bank of Sydney. Screenshot of Bank of Sydney website.
[Accessed May 26, 2023]

About Bank of Sydney

The Bank of Sydney has been operating for 16 years and has a strong track record and a good reputation among customers for having patience, dealing with people with respect and most of all, getting it done right from day one.

As one of Australia’s smaller banks Bank of Sydney offers a different customer service experience than the bigger guys simply because they’re more about quality than quantity and profit.

A comprehensive range of products

Whether you’re looking for a business loan or an everyday transactional account this growing bank can serve you with great service and competitive products.

Bank of Sydney won Money Magazine’s “Best of the Best” award for 2017 in the cheapest mortgage category. This award is highly regarded and proves that this bank strives to offer its customers more value at lower costs.

A website with a difference

Bank of Sydney has upgraded and improved its website to ensure that you can easily and comfortably make use of it and all its features from any device be it a laptop, tablet or mobile phone.

From information to online banking, you can take care of the necessary easily and quickly on their improved website!

Bank of Sydney Services

Whether you’re looking for a bank account or are a business looking for a tailored cash flow management solution, Bank of Sydney offers a full range of solutions.

One of the best things about the Bank of Sydney is its extensive range of home loan products which offer everyone from the first-time homeowner to the growing property investor an option to reach their goals. These home loans offer you redraw facilities, split rates, low fees, credit cards and offset accounts among many other features and benefits.

Fixed and variable interest rates

Bank of Sydney offers both fixed and variable-rate home loans to Australians. While a fixed rate will ensure the stability of your monthly loan repayments the variable rate may offer you larger savings overall.

Tools and guides

Bank of Sydney offers customers a range of home loan calculators which are designed to help you plan your biggest financial decisions. These calculators include extra repayment and even a term deposit calculator for those wishing to save for a specific goal.

Bank of Sydney – Home loan

Loan Type Home loans
Interest Rate 3.79 – 6.45% p/a
Loan Amount up to $200,000
Repayment 10 years to 30 years

Benefits of Bank of Sydney

Choose between a range of financial solutions
Get a home loan up to $200,000
Interest rates starting at 3.75%

With their quick home loans you can finance your dream home today

One of the first steps in the home-buying process is to do your research and this can be done by speaking to knowledgeable people or researching online.

Bank of Sydney has made all the important details about their large range of award-winning home loans available on their website. They offer loans from $50,000 with no upper limit and loan terms of up to 30 years.

Compare online

While all the major loan comparison websites in Australia feature Bank of Sydney’s home loans you can also compare their range on their website.

This loan comparison page lists all the most crucial details from annual fees to loan terms and whether or not you can make additional repayments, draw funds from your home loan and whether there is a low-doc option available.

Apply online

You can enquire about any product offered by the Bank of Sydney online and even get a home loan approved by completing their online loan application.

While it is simple to apply for a home loan online it is advisable to consider all of your options carefully before making an application as multiple applications within a short space of time may affect your credit.

Is there anything you can do to increase your chances of getting your home loan approved?

The only thing a client can do to ensure that their loan gets approved is to ensure that their credit profile is always in good standing. When your credit profile is in a positive rank, it makes it easier for any credit provider to accept your loan application.

They understand that it is close to impossible to get a perfect credit profile but the least you can do is to ensure that you only apply for credit plans that you really need as opposed to putting your name in the firing line for things that can wait until you have money.

As a customer, you should do all that you can to protect your credibility. There is no telling when you might need a loan again in the future.

Can you change your mind about your home loan?

If for any reason you feel you no longer need a home loan, you are welcome to change your mind. They will not hold this against you as a customer can have a different credit perspective at any given time.

Please give them a call as soon as possible and they will stop processing your home loan credit request.

Bank of Sydney is a trusted & reliable provider of home loans

In our review, Bank of Sydney adheres to the compliance criteria in accordance with the National Consumer Protection Act, where the granting the loan will not cause financial distress to the consumer.

✅ Bank of Sydney is a registered credit provider in Australia: ACL 243444

Customer Reviews & Testimonials

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January 2019

Without the help of the Bank of Sydney, I don’t know where I would have been with getting a home loan. They fast tracked everything and today, I am a proud property owner.

Melissa J
— Adelaide —