For the first time, Bank of Sydney has been awarded a five-star CANSTAR rating for one of its home loan products.
The bank’s Expect More Home Loan product received five stars from the comparison website for both the variable and investment home loan categories.
Bank of Sydney CEO Julie Elliott said the achievement is a testament to the great rates and features that the bank offers customers.
“It’s a very competitive product – our rates are very good in the market. It’s also a very flexible and adaptable product,” she told The Adviser.
“This acknowledgement reaffirms our strong commitment [to] improving our offerings and developing strong products which are truly competitive.
“We want to keep the product competitive and keep its features and benefits in line with the market and ahead where we can.”
Ms Elliott said the bank is seeing a broad range of residential borrowers take up its Expect More Home Loan, from owner-occupiers to investors.
“Our aim is to exceed our customers’ expectations and meet their financial needs,” she said.
[Related: Sydney broker tops Loan Market ratings]