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
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Promoted
Suncorp2.29% p.a.
fixed 2 years3.32% p.a.
$1234
Product details Close detailsSuncorpFixed Home Loan Special Offer Home Package Plus
Owner Occupier, Principal & Interest
2.29% p.a.
fixed 2 years3.32% p.a.
No monthly account keeping fees & No loan establishment fee. Get a $2,000 cash bonus when you refinance with an eligible Suncorp Bank Home Loan of $250k+. T&Cs & eligibility criteria apply.
Fixed Home Loan Special Offer Home Package Plus
No monthly account keeping fees & No loan establishment fee. Get a $2,000 cash bonus when you refinance with an eligible Suncorp Bank Home Loan of $250k+. T&Cs & eligibility criteria apply.
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2.29% p.a.
fixed 2 years -
3.32% p.a.
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$0
-
$375.00 yearly
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$350.00
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yes - free up to $500 per month
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no
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no
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$0
-
90.00%
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$150,000
-
-
-
Fixed
-
Principal & Interest
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Owner Occupier
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Weekly, Fortnightly, Monthly
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Refinance from another lender to receive a $2,000 cash bonus for loans of at least $250,000 or $3,000 bonus for loans over $750,000. Available for loans with an LVR <90% and applications made by 10 July 2020 and settled by 10 November 2020.
Read our Mozo Review to learn more about the Fixed Home Loan Special Offer
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Promoted
Commonwealth Bank2.29% p.a.
fixed 2 years3.99% p.a.
$1234
Product details Close detailsCommonwealth BankFixed Rate Home Loan Wealth Package
Owner Occupier, Principal & Interest
2.29% p.a.
fixed 2 years3.99% p.a.
Enjoy the security of a 2 year fixed rate. No establishment or ongoing fees. $2,000 cashback for refinancers who apply before 3 August 2020 and have their loan funded by 9 October 2020. Minimum refinance amount $250,000. Eligibility criteria applies.
Fixed Rate Home Loan Wealth Package
Enjoy the security of a 2 year fixed rate. No establishment or ongoing fees. $2,000 cashback for refinancers who apply before 3 August 2020 and have their loan funded by 9 October 2020. Minimum refinance amount $250,000. Eligibility criteria applies.
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2.29% p.a.
fixed 2 years -
3.99% p.a.
-
$200
-
$395.00 yearly
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$350.00
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yes - free up to $10,000 p.a.
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no
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no
-
$200
-
95.00%
-
$150,000
-
-
-
Fixed
-
Principal & Interest
-
Owner Occupier
-
Weekly, Fortnightly, Monthly
-
$2,000 cashback for refinancers who apply before 3 August 2020 and have their loan funded by 9 October 2020. Minimum refinance amount $250,000. Eligibility criteria applies.
Read our Mozo Review to learn more about the Fixed Rate Home Loan
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Promoted
HSBC
2.09% p.a.
fixed 2 years2.98% p.a.
$1234
Product details Close detailsHSBC Fixed Rate Home Loan
Owner Occupier, Principal & Interest, LVR <80%
2.09% p.a.
fixed 2 years2.98% p.a.
Have the security of a fixed rate for 2 years with the option to split with one of the HSBC variable Home Loans. No ongoing monthly service fees or annual fees. Mozo Experts Choice Fixed Home Loan 2020^
Fixed Rate Home Loan
Have the security of a fixed rate for 2 years with the option to split with one of the HSBC variable Home Loans. No ongoing monthly service fees or annual fees. Mozo Experts Choice Fixed Home Loan 2020^
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2.09% p.a.
fixed 2 years -
2.98% p.a.
-
$0
-
$0.00
-
$300.00
-
yes - free up to $10,000 p.a.
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no
-
no
-
$0
-
80.00%
-
$50,000
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$7,500,000
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Fixed
-
Principal & Interest
-
Owner Occupier
-
Weekly, Fortnightly, Monthly
-
Read our Mozo Review to learn more about the Fixed Rate Home Loan
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Promoted
Mozo2.29% p.a.
fixed 3 years3.89% p.a.
$1234
Product details Close detailsMozoMystery Bank Deal
2.29% p.a.
fixed 3 years3.89% p.a.
Mozo online exclusive mystery big four bank: Available for loans up to $2,000,000 with a 20% deposit.
Mystery Bank Deal
Mozo online exclusive mystery big four bank: Available for loans up to $2,000,000 with a 20% deposit.
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2.29% p.a.
fixed 3 years -
3.89% p.a.
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$0
-
$395.00 yearly
-
$450.00
-
yes - free up to annual limit
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no
-
no
-
$0
-
90.00%
-
$150,000
-
-
-
Fixed
-
Principal & Interest
-
Owner Occupier
-
Weekly, Fortnightly, Monthly
-
-
-
Promoted
Homestar2.06% p.a.
fixed 2 years2.49% p.a.
$1234
Product details Close detailsHomestarStar Essentials Fixed Home Loan
2.06% p.a.
fixed 2 years2.49% p.a.
Super low rate fixed home loan. Make weekly, fortnightly or monthly repayments. Up to 80% LVR & Owner Occupier Loans only. Special annual fee offer for applications submitted by 30 July and settled by 30 September
Star Essentials Fixed Home Loan
Super low rate fixed home loan. Make weekly, fortnightly or monthly repayments. Up to 80% LVR & Owner Occupier Loans only. Special annual fee offer for applications submitted by 30 July and settled by 30 September
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2.06% p.a.
fixed 2 years -
2.49% p.a.
-
$512
-
$395.00 yearly
-
$535.00
-
yes - free up to $20,000 p.a.
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no
-
no
-
$512
-
80.00%
-
$150,000
-
$850,000
-
Fixed
-
Principal & Interest
-
Owner Occupier
-
Weekly, Fortnightly, Monthly
-
Read our Mozo Review to learn more about the Star Essentials Fixed Home Loan
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