HSBC joins the below 3% club on its fixed home loan rates
29 Oct 2019
Forget fixed rate home loans with rates above 3%, the new competitive rate you should know about starts with the number 2.
Last week, HSBC announced that it’ll be cutting its 3-year fixed home loan to an impressive 2.75% (3.45% comparison rate*).
This hot offer is available on the HSBC Premier Fixed Rate Home Loan, for new customers looking to borrow above $50,000.
HSBC’s new and improved 3-year fixed interest rate is only available for owner-occupiers making principal and interest repayments, aligning it with the existing 1-year and 2-year fixed rates, which both sit at 2.75% as well.
“Locking in an interest rate can help first home buyers and existing borrowers stay on top of their finances, providing certainty over cashflow,” HSBC Australia’s Head of Retail Banking and Wealth Management, Jessica Power said.
Just remember, you can only seal the deal on this competitive rate if you apply before the end of the year - the 31st of December 2019 to be exact!
Where else can I find a fixed home loan rates under 3%?
It’s no secret that since the multiple RBA cuts this year lenders have been quick to make adjustments to many of their fixed rate home loans.
Among some of the lenders who are now sitting pretty under the 3% mark after making cuts this month are online lenders like Tic:toc with a 2.84% (2.92% comparison rate*) 3 year fixed rate, ME Bank with a 2.88% (3.96% comparison rate*) 2 year fixed rate and UBank with the lowest 3 year fixed rate in the Mozo database at 2.69% (3.19 comparison rate*).
With many Aussie lenders opting to dump the big four in search of a better home loan deal, it might be time you got picky about your rate.
RELATED ARTICLE: October RBA cut final straw for big four customers, finds latest Mozo research
So if you’re not ready to sign the dotted line just yet, shop around using our home loan comparison tool or check out other fixed rate home loans offering killer deals below.
Compare fixed rate home loans
Rates updated daily. Advertiser disclosure.
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Mozo experts choice awards won:
- Investor Fixed Home Loan - 2021
- Split Home Loan - 2021
2.09% p.a.
fixed 3 years2.19% p.a.
$1234
Product details Close details
Mozo experts choice awards won:
- Investor Fixed Home Loan - 2021
- Split Home Loan - 2021
UHomeLoan
Owner Occupier, Principal & Interest
2.09% p.a.
fixed 3 years2.19% p.a.
$0 fees and easy application. Choose between weekly, fortnightly or monthly repayments. 3 year fixed rates are for new Owner Occupier Principal & Interest loans.
UHomeLoan
$0 fees and easy application. Choose between weekly, fortnightly or monthly repayments. 3 year fixed rates are for new Owner Occupier Principal & Interest loans.
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2.09% p.a.
fixed 3 years -
2.19% p.a.
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$0
-
$0.00
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$0.00
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yes - free up to $20,000 during fixed rate term
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no
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no
-
$0
-
80.00%
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$100,000
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$2,000,000
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Fixed
-
Principal & Interest
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Owner Occupier
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Weekly, Fortnightly, Monthly
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$395 Establishment fee waived for fixed rate loans that settle by 30 September 2022.
Read our Mozo Review to learn more about the UHomeLoan
Details Close
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2.09% p.a.
fixed 3 years2.32% p.a.
$1234
Product details Close detailsBasic Home Loan
Fixed, Owner Occupier, Principal & Interest, LVR<70%
2.09% p.a.
fixed 3 years2.32% p.a.
No upfront or ongoing fees. Free extra repayments and redraw facility. Option to earn Qantas points. Min 30% deposit required. Borrow up to $750,000.
Basic Home Loan
No upfront or ongoing fees. Free extra repayments and redraw facility. Option to earn Qantas points. Min 30% deposit required. Borrow up to $750,000.
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2.09% p.a.
fixed 3 years -
2.32% p.a.
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$0
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$0.00
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$400.00
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yes - free
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yes - free
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no
-
$0
-
70.00%
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$150,000
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$750,000
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Fixed
-
Principal & Interest
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Owner Occupier
-
Monthly
-
Read our Mozo Review to learn more about the Basic Home Loan
Details Close
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2.09% p.a.
fixed 3 years2.87% p.a.
$1234
Product details Close detailsFixed Rate Home Loan Home Loan Package
Owner Occupier, Principal & Interest, LVR <80%
2.09% p.a.
fixed 3 years2.87% p.a.
Ability to split your home loan between Fixed and Variable. Dedicated Relationship Manager. Min 20% deposit. Refinancers borrowing $250,000 or more could receive $3,288 cashback (T&Cs, eligibility and lending criteria apply).
Fixed Rate Home Loan Home Loan Package
Ability to split your home loan between Fixed and Variable. Dedicated Relationship Manager. Min 20% deposit. Refinancers borrowing $250,000 or more could receive $3,288 cashback (T&Cs, eligibility and lending criteria apply).
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2.09% p.a.
fixed 3 years -
2.87% p.a.
-
$270
-
$390.00 yearly
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$300.00
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yes - free up to $10,000 p.a.
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no
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no
-
$270
-
80.00%
-
$500,000
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$7,500,000
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Fixed
-
Principal & Interest
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Owner Occupier
-
Weekly, Fortnightly, Monthly
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Receive $3,288 cashback when you refinance an existing home loan of $250,000. Must apply by 31 December 2021 and settle by 28 February 2022.
Read our Mozo Review to learn more about the Fixed Rate Home Loan
Details Close
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1.89% p.a.
fixed 2 years3.67% p.a.
$1234
Product details Close detailsSpecial Fixed Rate Home Loan Premium Plus Package
Owner Occupier, Principal & Interest
1.89% p.a.
fixed 2 years3.67% p.a.
Lock in a low fixed rate or choose to split your loan between fixed and variable. Insurance discounts and no fee credit card or zero fee personal loan available. $2,000 cashback offer for investor & owner occupied home loans over $250k with LVR ≤80% when refinancing to Newcastle Permanent. Limited time offer extended, T&Cs apply.
Special Fixed Rate Home Loan Premium Plus Package
Lock in a low fixed rate or choose to split your loan between fixed and variable. Insurance discounts and no fee credit card or zero fee personal loan available. $2,000 cashback offer for investor & owner occupied home loans over $250k with LVR ≤80% when refinancing to Newcastle Permanent. Limited time offer extended, T&Cs apply.
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1.89% p.a.
fixed 2 years -
3.67% p.a.
-
$0
-
$395.00 yearly
-
$0.00
-
yes - free up to $25,000 p.a.
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yes - free
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no
-
$0
-
80.00%
-
-
-
-
-
Fixed
-
Principal & Interest
-
Owner Occupier
-
Weekly, Fortnightly, Monthly
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$2,000 cashback when you refinance your home loan from another financial institution when you apply by 17 December 2021 and are funded by 28 February 2022, min $250k, LVR <80%
Read our Mozo Review to learn more about the Special Fixed Rate Home Loan
Details Close
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1.95% p.a.
fixed 2 years2.02% p.a.
$1234
Product details Close detailsWell Balanced Fixed
Owner Occupier, Principal & Interest, LVR <80%
1.95% p.a.
fixed 2 years2.02% p.a.
Super low fixed rate and only 20% deposit required. Optional 100% offset account. Free extra repayments and redraw facility. Flexible repayment schedule.
Well Balanced Fixed
Super low fixed rate and only 20% deposit required. Optional 100% offset account. Free extra repayments and redraw facility. Flexible repayment schedule.
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1.95% p.a.
fixed 2 years -
2.02% p.a.
-
$785
-
$0.00
-
$300.00
-
yes - free
-
yes - free
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Optional - $10 per month
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$785
-
80.00%
-
$200,000
-
$2,000,000
-
Fixed
-
Principal & Interest
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Owner Occupier
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Weekly, Fortnightly, Monthly
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Read our Mozo Review to learn more about the Well Balanced Fixed
Details Close
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^See information about the Mozo Experts Choice Home loans Awards
