HSBC Home Smart (PowerVantage )
-
variable rate
6.69 % -
comparison rate
6.94%
-
ongoing fee
$20.00 Monthly
-
upfront fee
$450
-
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Rates
- Variable rate
- 6.69%
- Intro rate
- none
- Intro rate term
- none
- Intro rate type
- none
- Comparison Rate*
- 6.94%
- Fixed 1 year rate
- none
- Fixed 2 year rate
- none
- Fixed 3 year rate
- none
- Fixed 4 year rate
- none
- Fixed 5 year rate
- none
- Fixed 7 year rate
- none
- Fixed 10 year rate
- none
- Fixed loan revert rate
- none
Fees
- Application fee
- $300.00
- Legal fee
- none
- Valuation fee
- none
- Settlement fee
- $150.00
- Other upfront fee (% of loan)
- none
- Service fee
- $20.00 Monthly
- Exit fee
- $300
Features
- Repayment Frequency
- Monthly
- Extra repayments
- yes - free
- Repayment holidays
- no
- Redraw facility
- yes - 20 free then $2.5
- Minimum redraw amount
- $500.00
- Split account
- yes
- Offset account
- yes
- Other restrictions
- none
- Other benefits
- 20 free withdrawals per month. Transact on the loan via ATM, EFTPOS, BPAY, phone / internet banking and Bank@Post.
Other financial bits
- Minimum loan amount
- $250,000
- Maximum loan amount
- $499,999
This is how the Mozo community has rated HSBC for home loans.
| Product Type | Overall | Price | Features | Service | Convenience | Trust |
|---|---|---|---|---|---|---|
| Overall | 7.8 | 7.2 | 7.6 | 7.5 | 6.4 | 7.4 |
| HSBC home loans | 7.8 24 REVIEWS | 7.2 | 7.6 | 7.5 | 6.4 | 7.4 |
HSBC
HSBC in Australia is part of the HSBC Group, one of the world’s largest banking and financial services organisations. HSBC has products for every money need you can think of, including savings accounts and term deposits for your day-to-day money management, a suite of home loans to finance your dream home, plus credit card and personal loan options. With branches all over the world, HSBC is the world’s local bank!
Some recent reviews of HSBC home loans
| Hazel from New South Wales, a HSBC home loan customer. | 3Overall Rating | ||
| Do not ever try to apply for their home loans. There are so many traps and pitfalls. Reviewed 15 days ago |
|
| Joe from Victoria, a HSBC home loan customer. | 10Overall Rating | ||
| The home loan product has very competitive interest rate, HSBC is large international bank, hence very solid and robust financial institution, but their rates are lower than big four or five. They also have promotion from time to time, there was 3.99% variable for 12 month promotion back in March and I have joined them based on 1.5% off standard variable, mind you, their standard rates are already better off the big local banks and their fees are lower, plus you can now use any Westpac ATM anywhere in Australia, for free. Reviewed 15 days ago |
|
| Colin from New South Wales, a HSBC home loan customer. | 10Overall Rating | ||
| Great product from the bank. Does not go through a loans person. Reviewed 15 days ago |
|
| Nanette from Victoria, a HSBC home loan customer. | 9Overall Rating | ||
| I have had an equity line of credit home loan connected with a credit card. I love the flexibility - we pay everything on credit card and HSBC automatically pays this on the last day from our home loan. We have put all our earnings etc. into the Line of credit account. Reduces interest payable especially as it is calculated daily. Need to exercise control though! Reviewed 2 months ago |
|
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