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
UBank
2.84% p.a.
fixed 3 years3.59% p.a.
$1234
Product details Close detailsUBank Fixed UHomeLoan
Investment, Principal & Interest
2.84% p.a.
fixed 3 years3.59% p.a.
Fast, easy to apply and no monthly account fees.
Fixed UHomeLoan
Fast, easy to apply and no monthly account fees.
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2.84% p.a.
fixed 3 years -
3.59% p.a.
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$395
-
$0.00
-
$0.00
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yes - free up to $20,000 p.a.
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no
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no
-
80.00%
-
$100,000
-
$2,000,000
-
Fixed
-
Principal & Interest
-
Investor
-
Weekly, Fortnightly, Monthly
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Read our Mozo Review to learn more about the Fixed UHomeLoan
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Promoted
loans.com.au2.99% p.a.
fixed 3 years3.27% p.a.
$1234
Product details Close detailsloans.com.auFixed Rate Special Offer
Owner Occupier, Principal & Interest
2.99% p.a.
fixed 3 years3.27% p.a.
This 3 Year Fixed Rate Special Offer for purchase or refinance. Rate lock option available. No monthly or ongoing fees.
Fixed Rate Special Offer
This 3 Year Fixed Rate Special Offer for purchase or refinance. Rate lock option available. No monthly or ongoing fees.
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2.99% p.a.
fixed 3 years -
3.27% p.a.
-
$520
-
$0.00
-
$0.00
-
yes - free up to $10,000 p.a.
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no
-
no
-
80.00%
-
$50,000
-
$1,000,000
-
Fixed
-
Principal & Interest
-
Owner Occupier
-
Weekly, Fortnightly, Monthly
-
Read our Mozo Review to learn more about the Fixed Rate Special Offer
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Promoted
Tic:Toc 2.84% p.a.
fixed 2 years2.93% p.a.
$1234
Product details Close detailsTic:Toc Fixed Home Loan
Owner Occupier, Principal & Interest
2.84% p.a.
fixed 2 years2.93% p.a.
Fixed Home Loan
-
2.84% p.a.
fixed 2 years -
2.93% p.a.
-
$0
-
$0.00
-
$325.00
-
yes - free, up to $20,000
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yes - free
-
Optional - $10 per month
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90.00%
-
$50,000
-
$2,000,000
-
Fixed
-
Principal & Interest
-
Owner Occupier
-
Weekly, Fortnightly, Monthly
-
Read our Mozo Review to learn more about the Fixed Home Loan
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Promoted
Queensland Country Credit Union3.49% p.a.
fixed 3 years3.90% p.a.
$1234
Product details Close detailsQueensland Country Credit UnionRateSaver
Investor, Interest Only, Fixed
3.49% p.a.
fixed 3 years3.90% p.a.
No Annual or Monthly Loan Maintenance Fees. Pay up to $10,000 in additional repayments each year. Borrow up to 90% LVR.
RateSaver
No Annual or Monthly Loan Maintenance Fees. Pay up to $10,000 in additional repayments each year. Borrow up to 90% LVR.
-
3.49% p.a.
fixed 3 years -
3.90% p.a.
-
$500
-
$0.00
-
$0.00
-
yes - up to $10,000 per year
-
no
-
no
-
90.00%
-
$100,000
-
$5,000,000
-
Fixed
-
Interest Only
-
Investor
-
Weekly, Fortnightly, Monthly
-
Read our Mozo Review to learn more about the RateSaver
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Promoted
Well Home Loans 2.74% p.a.
fixed 3 years2.84% p.a.
$1234
Product details Close detailsWell Home Loans Well Balanced Fixed
Owner Occupier, Principal & Interest, LVR <80%
2.74% p.a.
fixed 3 years2.84% p.a.
Free extra repayments and redraw facility. Flexible repayment schedule. Best New Home Loan in Mozo Experts Choice Awards 2019.^
Well Balanced Fixed
Free extra repayments and redraw facility. Flexible repayment schedule. Best New Home Loan in Mozo Experts Choice Awards 2019.^
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2.74% p.a.
fixed 3 years -
2.84% p.a.
-
$785
-
$0.00
-
$300.00
-
yes - free
-
yes - free
-
Optional - $10 per month
-
80.00%
-
$200,000
-
$2,000,000
-
Fixed
-
Principal & Interest
-
Owner Occupier
-
Weekly, Fortnightly, Monthly
-
Read our Mozo Review to learn more about the Well Balanced Fixed
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