I've heard the new client portal is difficult to use. What should I do if I can't access my account?

Many users have reported issues with the new portal. If you're having trouble, try contacting customer service directly, though be aware that response times have been slow.

What are the monthly repayments for a $500,000 home loan with Bank of Sydney?

For a $500,000 loan at 6.19% over 30 years, the monthly repayment is approximately $3,059. This loan could save you $101 per month compared to the market.

How much can I save by refinancing my $750,000 loan with Bank of Sydney?

Refinancing a $750,000 loan with Bank of Sydney could save you $152 per month, totaling $54,669 over the life of the loan.

What is the discharge fee if I want to pay off my mortgage early with Bank of Sydney?

The discharge fee is $400 per security, excluding any legal costs. The discharge process can take up to 21 business days.

Are there any special discounts for professionals like doctors or lawyers?

Yes, eligible professionals such as doctors and lawyers can receive a 0.50% discount on standard variable rates through the professional package.

What should I do if I can't reach customer service for help with the mobile app?

Many customers have faced this issue. It's best to try multiple contact methods, like email and phone, and document your attempts for follow-up.

How does Bank of Sydney's loan compare to the market for a $1,000,000 loan?

A $1,000,000 loan at 6.19% over 30 years with Bank of Sydney saves you $202 per month, totaling $72,892 over the loan term.

Why is it taking so long to refinance my home loan with Bank of Sydney?

Refinancing can take several weeks, depending on the complexity of your application and any delays from your existing lender.

Is it true that customer service is unresponsive at Bank of Sydney?

Some customers have reported unresponsiveness. It's recommended to be persistent and try different contact methods if you face delays.

UPDATED JUN 23, 2026

Bank of Sydney Home Loans: The 2026 Review

Unlock savings with a 0.50% discount for professionals. Beware of the $400 discharge fee. Ready to explore competitive rates? Find out more today!

Bheja Verdict

Good

3.8/5

✓

Competitive interest rates

✓

Established major bank

Check Eligibility

Bank of Sydney Home Loans At a Glance

🏷️Best Rate Available

6.19%

Variable • Owner Occupied

💳Application Fee

$400

Upfront fee applies

📅Monthly Fee

$10

Ongoing service fee

Loan Range:$20K - $100.0M

LVR:Up to 96%

Products:29 variations

Offset Account:Available

Current Bank of Sydney Home Loan Rates

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Average Rate: 6.40%
Best Rate: 6.19%
Monthly Payment: $3,059

Advanced

Sort By

BOS Basic Home Loan Owner Occupied
Bank of Sydney
20%-40% DepositRedraw
6.19%
Interest Rate
Variable
6.23%
Comparison Rate*
$3,059
per month
Principal And Interest
Check Eligibility
Fees:
Discharge
$400+ other fees may apply
Expect More Home Loan Owner Occupied
Bank of Sydney
20%-40% DepositOffsetRedraw
6.39%
Interest Rate
Variable
6.54%
Comparison Rate*
$3,124
per month
Principal And Interest
Check Eligibility
Fees:
Ongoing/year $125
Discharge
$400+ other fees may apply
BOS Basic Home Loan Owner Occupied
Bank of Sydney
10%-20% DepositRedraw
6.44%
Interest Rate
Variable
6.48%
Comparison Rate*
$3,141
per month
Principal And Interest
Check Eligibility
Fees:
Discharge
$400+ other fees may apply
Expect More Home Loan Owner Occupied
Bank of Sydney
10%-20% DepositOffsetRedraw
6.59%
Interest Rate
Variable
6.74%
Comparison Rate*
$3,190
per month
Principal And Interest
Check Eligibility
Fees:
Ongoing/year $125
Discharge
$400+ other fees may apply

Bank of Sydney Product Statistics

Real-time insights and market analysis

Bank of Sydney offers 8 home loan products across 29 variations, the average variable rate is 7.05% p.a., the best available rate is 6.19% p.a..

Average Variable Rate

7.05%

24 products

Average Fixed Rate

7.37%

5 products

Best Available Rate

6.19%

Variable • Owner Occupied • P&I

Total Products

29 variations

Fee Summary

Application Fee

$400

Monthly Fee

$10

Discharge Fee

$400

Late Payment Fee

Key Features

Across Bank of Sydney's range: 11 include an offset account, 22 offer redraw, 22 allow extra repayments.

Offset Account

38%

Redraw Facility

76%

Extra Repayments

76%

Split Loan

—

Product Ranges

Bank of Sydney's interest rates range from 6.19% to 12.02% p.a., maximum LVR from 60% to 96%, loan amounts span $20,000 to $100,000,000.

Interest Rates6.19% — 12.02%

Max LVR60% — 96%

Loan Amount$20K — $100.0M

Disclaimer: The key features displayed highlight what's available across the lender's home loan range. Individual products and variations may differ. Use the product table to search for a loan with the specific features you're looking for.

How Bank of Sydney Compares

FEATURE	Bank of Sydney	BOQ Specialist	ME Bank - ME Go	MOVE Bank	Bank of Queensland Limited
Best Variable Rate	6.19%	8.02%	5.99%	5.99%	6.03%
Best Fixed Rate (3yr)	—	—	6.49%	6.59%	6.49%
Application Fee	$400	$0	$0	$600	$300
Monthly Admin Fee	$10	$10	$0	$0	$10
Offset Account
Redraw Facility
Product Variations	29	12	200	28	68

💡

Bheja Insight: Bank of Sydney offers offset accounts like most major banks, helping reduce interest while keeping funds accessible.

About Bank of Sydney

Company overview and contact information

Bank of Sydney is a major bank and a wholly-owned subsidiary of the Bank of Beirut. With a focus on providing comprehensive banking services, it operates through both physical branches and an online platform. As an Authorized Deposit-taking Institution (ADI), it holds an Australian Financial Services License (AFSL) and an Australian Credit License (ACL), ensuring compliance with regulatory standards.

The bank offers a diverse range of home loan products, featuring six main options with 27 variations. Interest rates range from 6.19% to 7.49%, catering to a variety of financial needs and preferences. A standout feature is their professional package, which offers a 0.50% discount on standard variable rates for eligible professionals, such as doctors and lawyers, making it an attractive choice for high-income earners.

What sets Bank of Sydney apart is its commitment to personalized service and competitive offerings. As a subsidiary of a reputable international bank, it combines global expertise with local insights. The bank's strategic focus on professional clients and its adherence to Best Interest Duty laws ensure that customers receive tailored advice and support throughout their home buying journey.

Company Details

Legal Name: Bank of Sydney

ABN: 44093488629

ACN: 093488629

Ownership: Wholly-owned subsidiary

AFSL: 243444

Parent Company: Bank of Beirut

Key Features

Bank of Sydney offers a range of home loan features designed to provide borrowers with flexibility and cost savings, including redraw facilities, offset accounts, and competitive interest rates.

Redraw Facility

Bank of Sydney provides a redraw facility on select home loan products, allowing borrowers to access extra repayments made on their loan. This feature offers flexibility in managing finances by enabling access to additional funds when needed.

Online Banking Access

All Bank of Sydney home loan products come with access to comprehensive online banking features. This allows borrowers to manage their loans conveniently, monitor transactions, and make payments securely from anywhere.

Extra Repayments

Borrowers can make extra repayments on their Bank of Sydney home loans without incurring fees. This feature is available on select products and helps reduce the loan balance faster, saving on interest over time.

100% Offset Account

Available on variable rate loans, the 100% offset account at Bank of Sydney allows borrowers to reduce the interest payable on their home loan by offsetting it against their savings. For example, a $100,000 offset can save $516 per month.

No Fees on Basic Home Loan

The BOS Basic Home Loan offers no ongoing fees, making it a cost-effective option for owner-occupied borrowers seeking simplicity and savings.

Professional Package Discount

Eligible professionals such as doctors and lawyers can benefit from a 0.50% discount on standard variable rates with Bank of Sydney's professional package, enhancing affordability and savings.

Construction Loan Availability

Bank of Sydney offers loans specifically designed for construction purposes, providing tailored solutions for borrowers looking to build or renovate their homes.

Fixed and Variable Rate Options

The Expect More Home Loan offers both fixed and variable interest rate options, giving borrowers the flexibility to choose a rate structure that suits their financial strategy.

Digital Lending Platform

Bank of Sydney has implemented a digital lending platform to streamline the loan application and management process, enhancing efficiency and customer experience.

Fees & Charges

Bank of Sydney offers a transparent fee structure for its home loans, with a range of upfront, ongoing, and other fees that vary by product. Fee waivers are available under certain conditions, providing flexibility for borrowers.

Fee Type

Amount

Description

Settlement Fee

$200

Payable at settlement of a new loan. Variations and top-ups to existing loans do not incur this fee.

Discharge of Mortgage Fee

$400

Charged per security when discharging a mortgage. Excludes legal costs.

Variation Fee

$300

Applies to changes in the loan agreement. Covered by the package unless the variation is to a different product.

Package Fee

$125/year

Annual fee for maintaining a loan package.

Discharge Process Duration

Up to 21 business days

Time required to complete the mortgage discharge process.

Fees subject to change. Refer to lender documentation for current rates.

Eligibility Criteria

Bank of Sydney offers home loans to Australian residents, focusing on accessibility for both individuals and companies. With flexible loan-to-value ratios and competitive rates, they cater to a variety of borrowers.

Must be at least 18 years old.

Must be an Australian Permanent Resident or Citizen with a residential address in Australia.

Subject to lending criteria, including income verification and employment stability.

Must have a satisfactory credit history as per the bank's lending criteria.

Loan-to-Value Ratio (LVR) must be between 60% and 96%.

Available to natural persons and companies, including those acting as trustees for a trust.

Minimum loan amount is $100,000.

Important Notes

LMI may be required for loans with an LVR above 80%.
Professional package available with a 0.50% discount for eligible professionals like doctors and lawyers.
Additional documentation may be required for complex applications, which could affect approval timelines.

Bank of Sydney Home Loan Pros & Cons

Our expert take on whether Bank of Sydney is right for you

Pros

+Competitive comparison rates below market average
+100% offset account available
+Allows extra repayments without fees
+Professional package discounts available
+$2,000 cashback for refinances (valid until 28 August 2026)

Cons

–Poor customer service reviews
–Issues with online client portal
–High discharge fee of $400

Best For

Borrowers seeking lower comparison rates
Professionals like doctors and lawyers eligible for discounts
Homeowners wanting features like redraw and offset accounts

Not Ideal For

Customers prioritizing excellent customer service
Borrowers needing seamless online banking experiences

💡

Bheja Verdict: Bank of Sydney offers competitive home loan rates with attractive features, but customer service and online portal issues may be a concern for some borrowers.

Expert Secrets (Why Use Us?)

Insider knowledge about Bank of Sydney that most borrowers don't know

LMI Cost Examples

1For a $500,000 loan at 85% LVR, LMI costs $6,000.

2At 90% LVR, the cost rises to $12,500, and at 95% LVR, it reaches $21,000.

3A $750,000 loan incurs $9,000 at 85% LVR, $18,750 at 90% LVR, and $31,500 at 95% LVR.

4For a $1,000,000 loan, LMI is $12,000 at 85% LVR, $25,000 at 90% LVR, and $42,000 at 95% LVR.

Fee Waivers

Fee waivers available on certain accounts if you maintain a minimum balance or link multiple accounts.

Offset Benefits

A $10,000 offset saves $52/month ($624/year) in interest.

A $25,000 offset saves $129/month ($1,548/year) in interest.

A $50,000 offset saves $258/month ($3,096/year) in interest.

A $100,000 offset saves $516/month ($6,192/year) in interest.

Admin & Logistics (The Help Desk)

Everything you need to manage your loan

Application Process

5 Steps

Complete the Discharge Authority Form: Download and fill out the Discharge Authority Form from the Bank of Sydney website. (Tip: Ensure all details are accurate to avoid delays.)

Submit the Form: Submit the completed form to the Bank of Sydney via mail or in person at a branch. (Tip: Keep a copy of the submitted form for your records.)

Pay the Discharge Fee: Pay the $400 discharge fee per security as required by the bank. (Tip: Confirm payment methods with the bank to ensure timely processing.)

Coordinate with Your Settlement Agent: If applicable, work with your settlement agent to coordinate the discharge process and any related settlements. (Tip: Ensure your agent is aware of all timelines and requirements.)

Wait for Processing: Allow up to 21 business days for the bank to process the discharge request. (Tip: Plan ahead to accommodate this timeline, especially if linked to a property sale or refinance.)

Processing Times

Discharge ProcessUp to 21 business days

Required Documents

Discharge Authority Form

💡

Pro Tips

Request the discharge at least 2-3 weeks before your planned settlement date to avoid delays.
Double-check all information on the Discharge Authority Form to prevent processing issues.
Contact customer service at 13 22 24 for any questions or clarifications.
Consider any potential legal costs that may arise during the discharge process.
Keep track of all communications with the bank for reference.

Bank of Sydney Mortgage Calculator

Estimate your repayments using current Bank of Sydney home loan rates

Over 30 years, borrowing $480,000 at 6.19%, total cost including interest and known fees could be around $1,057,825. Estimated monthly repayment: $2,936.74.

Home loan option

Property price

Your deposit

Loan term (years)Repayment frequency

Estimated total cost over 30 years

$1,057,825

Estimated repayment

$2,936.74

monthly repayment

Amount you borrow: $480,000 · At 6.19% · Variable — can change with the market

Known fees in this estimate

Settlement fee: $200
Discharge fee: $400
Total ongoing fees (30 yrs): $0

How is this calculated?

Estimated total cost includes the amount borrowed, interest over the full loan term, and any upfront, ongoing, and discharge fees published by the lender. It does not include stamp duty, LMI, or savings from an offset account.

The revert rate is the rate your loan may switch to when a fixed, introductory, or interest-only period ends. Where a lender hasn't published this rate, we use an estimate.

Cost breakdown

Amount you borrow: $480,000
Total interest: $577,225
Upfront fees: $200
Ongoing fees: $0
Discharge fee: $400
Estimated total cost: $1,057,825

These figures are estimates only. Your actual repayments and costs may differ. Confirm all details with your lender before making a decision.
Where a lender hasn't published their revert rate (the rate that applies after a fixed, introductory, or interest-only period ends), we estimate it. Your repayments may change when this period ends.
Split loans and offset accounts aren't included in this estimate.
For product comparison and comparison rates, see the rates table above.

Still Unsure? Let a human handle it.

Not sure if Bank of Sydney is right for you? Our brokers can help you compare options.

Frequently Asked Questions

For straightforward applications, approval typically takes 5-7 business days. Complex applications might take longer due to additional documentation or valuations.