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.
Requirements
- $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
HOW TO APPLY
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.
How about for existing customer on variable?