Bank of Sydney Expect More Home Loan Package

Rates and fees last updated on

All of the benefits of a package home loan without the fees.

The Expect More Home Variable Home Loan Package from Bank of Sydney is a package loan with a 100% offset account, a credit card with a range of waivers on the usual fees.

Special offer for PAYG borrowers

Until 31 August 2017, Bank of Sydney is offering a special offer for eligible PAYG borrowers which waives the annual fee for the life of the loan. To be eligible for this loan:

  • Your property must be located in a metro postcode outside TAS, NT or WA.
  • You must have a 30% deposit (Max LVR 70%) on a loan with principal and interest repayments.
  • You must be receiving a PAYG income.
  • Be in the same line of employment for at least one year.
  • Be using it to finance an owner occupier property, not an investment.
  • Have a loan amount above $100,000.
Interest Rate Max Insured LVR Max LVR
Variable Special Offer (Owner Occupier)
3.69% p.a.
Comparison Rate
3.70% p.a.
70% 70%
PAYG Variable (Owner Occupier)
3.69% p.a.
Comparison Rate
4.09% p.a.
80% 80%
1 Year Fixed
4.09% p.a.
Comparison Rate
4.39% p.a.
80% 80%
2 Years Fixed
4.14% p.a.
Comparison Rate
4.40% p.a.
80% 80%
3 Years Fixed
4.29% p.a.
Comparison Rate
4.46% p.a.
80% 80%
5 Years Fixed
4.59% p.a.
Comparison Rate
4.63% p.a.
80% 80%
Product NameBank of Sydney Expect More PAYG Package Home Loan
Interest Rate TypeVariable
Comp Rate^ (p.a.)
Minimum Loan Amount$100,000
Minimum Loan Term1 year
Maximum Loan Term30 years
Maximum LVR80%
Maximum Insured LVR80%
Mortgage Offset AccountYes
Mortgage 100% OffsetYes
Loan Redraw FacilityYes
Split Loan FacilityYes
Fixed Interest OptionYes
Loan PortableYes
Suitable for InvestmentNo
Extra RepaymentYes
Available as equity loan/line of creditNo
Repayment TypePrincipal & Interest
Application Fee$0
Lender's Legal Fee$0
Valuation Fee$0
Ongoing Fees$395 p.a.
Settlement Fee$0
Discharge Fee$300


  • 100% offset account
  • Waived package fees
  • No application fees


  • Only available to metro postcodes in Sydney, Melbourne or Adelaide
  • LVR up to 80% only
  • No interest only options

What you need to know about this loan

As mentioned above, there are a range of criteria you should be aware of before applying for this loan.

Read on to find out more about how this loan works and the other features it comes with.

Features of the Bank of Sydney Expect More Home Loan Package

  • 100% offset account. This loan comes with a 100% offset account. This is a linked transaction account which you can deposit funds into. Any funds in the account work to reduce the interest payable on your home loan.
  • Credit card with no annual fee. This loan comes with a credit card with a pre-approved limit of $5,000. This is subject to approval and verification by Bank of Sydney.
  • Low fees. This loan waives the annual fee for the life of the loan, and covers legal fees up to $400, and valuation fees up to $330. There is no application fee and no fees for using the redraw facility.
  • Extra repayments. You can make extra repayments on this loan to make faster progress paying it off. If you have a fixed rate, this is limited to $10,000 per year without penalties applying.
  • Redraw facility. If you want to withdraw the extra repayments you’ve put into this loan, you can use the free redraw facility to do so. The minimum redraw amount is $2,000.
  • Split rates. You can split this loan into fixed portions. Bank of Sydney offers fixed terms of one, two, three and five years.


This loan has no application fees or redraw fees. Legal fees of up to $400 and valuation fees of up to $330 are waived too. The annual fee is also waived for the life of the loan. If your valuation or legal fees exceed these limits you’ll have to pay extra charges.

  • Discharge fee of $300. You’ll have to pay this when exiting the loan.
  • Switching fee of $350. If you decide to switch to another Bank of Sydney loan you’ll have to pay this.
  • Late payment fee of $20. Making a late repayment will come with this fee.

How to apply for the Expect More Home Loan Package

If you’re interested in this loan and want to find out more or apply, click the green "go to site" buttons on this page. This will securely take you to the Bank of Sydney website.

From here you can request a call back from Bank of Sydney to start a discussion about this loan and find out the next steps.

You’ll want to get a few details together before contacting Bank of Sydney, such as information about your property, employment and more.
If you proceed with your application, make sure you have supporting evidence of your income and employment.

Enquire about this home loan
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This page was last modified on 15 August 2017 at 11:29am.

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Bank of Sydney Expect More PAYG Package Home Loan

  • Interest Rate


  • Comparison Rate


  • App Fee / Annual Service Fee

    $0 / $395

  • Max LVR


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