6.6 / 10

based on 1241 reviews as rated by Mozo community

HSBC home loans

With over 48 million customers across 72 countries, HSBC Bank is one of the world’s largest banking and financial services organisations. Having launched in Australia in 1965, HSBC now has a network of 37 branches and offices which provide a competitive range of fixed and variable home loans to Australian property hopefuls.

HSBC also took out an impressive three Mozo Experts Choice Awards in 2019 for best First Home Buyer Loan, best Low Cost Home Loan and best Split Home Loan. 

What home loans do HSBC offer?

Rates and fees verified as correct at 20 January, 2021. Other information correct at the time of writing. Advertiser disclosure.

Fixed Rate Home Loans

If you want repayment certainty, HSBC’s fixed home loan is available from $50,000 and offers an extensive range of fixed terms starting from a period of 1 year up to 5 years. There is no monthly service fee and you can borrow up to 90% of your property’s value. You’ll also have plenty of freedom in terms of repayment options with an extra repayment facility (up to $10,000 p.a.), interest in advance payment option for investors and the choice to split your loan between a fixed and variable rate. When you choose a fixed home loan, you may also be eligible for HSBC’s Premier option however you’ll be charged a monthly service fee.

Home loan repayments calculator

years

Product Fixed 3 year rate Comparison Rate Service fee Upfront fee Monthly repayments ‡  

2.85% p.a.

3.31% p.a.

$0.00

$0

3.00% p.a.

3.46% p.a.

$0.00

$0

2.29% p.a.

2.95% p.a.

$0.00

$0

Go to site

2.50% p.a.

3.11% p.a.

$0.00

$0

2.69% p.a.

3.28% p.a.

$0.00

$0

3.20% p.a.

3.65% p.a.

$0.00

$870

2.49% p.a.

3.23% p.a.

$0.00

$0

3.00% p.a.

3.41% p.a.

$0.00

$870

Variable Rate Home Loans

Whether you’re looking for a basic home loan or one with all the bells and whistles, a variable home loan from HSBC may be a great option for you. HSBC’s variable home loans are available from $50,000 and allow you to borrow up to 90% of your property’s value. There is an extra repayment facility if you want to reduce the term of your loan and you can redraw funds whenever you need to (fees may apply). If you choose a full featured variable home loan such as HSBC’s Home Smart Loan, you’ll get even more flexible features including an offset account, interest only payment option (up to three years) and unlimited free withdrawals via ATM, EFTPOS, BPAY, phone and internet banking.

Home loan repayments calculator

years

Product Rate Comparison Rate Service fee Upfront fee Monthly repayments ‡  

2.95% p.a.

2.98% p.a.

$0.00

$270

2.80% p.a.

2.83% p.a.

$0.00

$270

2.98% p.a.

2.99% p.a.

$0.00

$150

3.13% p.a.

3.14% p.a.

$0.00

$150

2.59% p.a.

2.60% p.a.

$0.00

$150

Go to site

2.64% p.a.

2.65% p.a.

$0.00

$150

4.51% p.a.

4.53% p.a.

$0.00

$270

3.90% p.a.

3.95% p.a.

$0.00

$750

3.90% p.a.

3.95% p.a.

$0.00

$750

4.51% p.a.

4.57% p.a.

$0.00

$870

3.22% p.a.

3.24% p.a.

$0.00

$270

3.29% p.a.

3.00% p.a.

$0.00

$150

3.14% p.a.

2.99% p.a.

$0.00

$150

2.99% p.a.

3.01% p.a.

$0.00

$150

2.89% p.a.

2.90% p.a.

$0.00

$150

5.13% p.a.

5.15% p.a.

$0.00

$270

4.77% p.a.

4.68% p.a.

$0.00

$870

4.52% p.a.

4.58% p.a.

$0.00

$870

5.38% p.a.

5.29% p.a.

$0.00

$870

5.13% p.a.

5.19% p.a.

$0.00

$870

Fixed Package Home Loan

If you’re looking to borrow $500,000 or more, check out the HSBC fixed rate Premier Home Loan Package. There are some fees to consider, including a monthly service fee, settlement fee, valuation and application fees. But in return, you get discounted rates on owner occupied or investment fixed rate home loans ranging from three to five years. To help you pay off your loan when it suits you, HSBC offer the option to make extra repayments up to $10,000 p.a. and can choose to make monthly, fortnightly or weekly payments. You also have the option to split your home loan between fixed and variable rates.

Home loan repayments calculator

years

Product Fixed 3 year rate Comparison Rate Service fee Upfront fee Monthly repayments ‡  

2.75% p.a.

3.20% p.a.

$390.00 yearly

$570

2.90% p.a.

3.35% p.a.

$390.00 yearly

$570

2.09% p.a.

2.97% p.a.

$390.00 yearly

$270

Go to site

2.40% p.a.

3.21% p.a.

$390.00 yearly

$270

2.59% p.a.

3.45% p.a.

$390.00 yearly

$570

3.10% p.a.

3.60% p.a.

$35.00 monthly

$570

2.39% p.a.

3.40% p.a.

$390.00 yearly

$570

2.90% p.a.

3.55% p.a.

$35.00 monthly

$570

Variable Package Home Loan

There are two home loan package options with variable interest rates from HSBC: the Premier Home Loan Package and the Premier Smart Home Loan Package. With either package you’ll get the ability to make unlimited extra repayments, the use of an offset account and a free withdraw facility, although for the Premier Home Loan there is a minimum redraw of $500. You’ll pay no upfront fees, but there is an ongoing monthly fee to consider. The Smart Home Loan package must be paid monthly, but the Premier Package allows you to choose between weekly, fortnightly and monthly payment options.

Home loan repayments calculator

years

Product Rate Comparison Rate Service fee Upfront fee Monthly repayments ‡

2.74% p.a.

3.17% p.a.

$390.00 yearly

$450

2.69% p.a.

3.12% p.a.

$390.00 yearly

$150

2.95% p.a.

3.37% p.a.

$390.00 yearly

$0

2.83% p.a.

3.25% p.a.

$390.00 yearly

$0

2.98% p.a.

3.40% p.a.

$390.00 yearly

$0

2.69% p.a.

3.12% p.a.

$390.00 yearly

$0

3.09% p.a.

3.54% p.a.

$390.00 yearly

$570

2.99% p.a.

3.44% p.a.

$390.00 yearly

$570

4.75% p.a.

5.14% p.a.

$390.00 yearly

$120

4.80% p.a.

5.19% p.a.

$390.00 yearly

$120

4.85% p.a.

5.23% p.a.

$390.00 yearly

$120

4.50% p.a.

4.89% p.a.

$390.00 yearly

$120

4.60% p.a.

4.99% p.a.

$390.00 yearly

$120

4.55% p.a.

4.94% p.a.

$390.00 yearly

$120

Line of Credit

Line of Credit

From the active investor to the home renovator, HSBC’s Home Equity Loan is a line of credit which is available on loans starting from $20,000 up to $1,000,0000. HSBC’s line of credit loan allows you to borrow up to 90% of your property’s value, and like other line of credit loans, there is no set loan term and minimum repayments are interest only. You’ll also have great access to take out funds whenever you need them with unlimited free withdrawals in Australia.

Product Rate Comparison Rate Service fee Upfront fee

3.59% p.a.

n/a

$0.00

$870

3.98% p.a.

n/a

$0.00

$870

WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.

‡ Results from this calculation are estimates only as individual lenders apply different formulas. Actual repayments will depend on your individual circumstances and interest rate changes.

HSBC home loan features in a glance

Image of coins

No monthly fee

Saving money on your home loan is easy when you don’t have to pay any monthly account maintenance fees on HSBC’s fixed, variable or line of credit home loans (not applicable for Premier customers).

Offset icon

Offset account

HSBC’s full featured variable loans have a handy offset account to help reduce your interest payments over the term of your loan.

Award icon

Premier options

HSBC’s fixed, variable and line of credit home loans have a premier option for eligible customers. These options have exclusive benefits including discounted interest rates and home loan fees (i.e. application, variation) but there is a monthly service fee to consider.

Manager icon

Personal relationship manager

Getting a home loan can be a little tricky so when you sign up for HSBC’s Home Value Loan, you’ll be given your own personal relationship manager to guide you through the entire process whether you’re buying, moving or refinancing.

How are HSBC home loans rated?

Mozo users have rated HSBC home loans on price, features, convenience, trust and customer service so you can see what real Aussies have to say about their experiences.

Icon of home-loans
HSBC home loans
Overall
6.9/10
Price
Features
Customer service
Convenience
Trust

124 Reviews

Recent HSBC home loan reviews

HSBC Home Loan review
Overall 10/10
HSBC is the bank to be

We changed over to HSBC last year and it was the best decision. They have been outstanding and the recent upgrade to their online banking app has made banking even easier. Only con is there isn’t many branches in Victoria.

Read full review

We changed over to HSBC last year and it was the best decision. They have been outstanding and the recent upgrade to their online banking app has made banking even easier. Only con is there isn’t many branches in Victoria.

Price
8/10
Features
8/10
Customer service
8/10
Convenience
8/10
Trust
9/10
Less
Elise, Victoria, reviewed 7 days ago
HSBC Variable Home Loan review
Overall 7/10
Great interest rates & good for people without PR.

HSBC was a great option as one of us wasn't a citizen nor permanent resident at the time we applied. They were one of very few providers that allowed this. They've also lowered our variable rate three times in about 15 months, usually passing on RBA rate decisions. Compared to our friends, we have one of the lowest home loan interest rates.

Read full review

HSBC was a great option as one of us wasn't a citizen nor permanent resident at the time we applied. They were one of very few providers that allowed this. They've also lowered our variable rate three times in about 15 months, usually passing on RBA rate decisions. Compared to our friends, we have one of the lowest home loan interest rates.

Price
9/10
Features
5/10
Customer service
7/10
Convenience
6/10
Trust
7/10
Less
Pia, Victoria, reviewed 2 months ago
HSBC Home Loan review
Overall 1/10
Do not deal with HSBC

This is a bank like I have never dealt with before. They never return calls, they never return emails they never seem to know what you have asked or what you want to achieve. They are supreme at ducking and diving. The only time I have had response is when I got AFCA involved and even then they ignored AFCA. Do not go with HSBC it is less than desirable, it will ruin your life, destroy any spare time you have as you will be dealing with all the myriad of problems that HSBC banking will cause you and if your a person that pays close attention to charges, changes and the bank upholding their contracts you will be spending all available time as I have to correct them with no success. 4 years of hell on earth.

Read full review

This is a bank like I have never dealt with before. They never return calls, they never return emails they never seem to know what you have asked or what you want to achieve. They are supreme at ducking and diving. The only time I have had response is when I got AFCA involved and even then they ignored AFCA. Do not go with HSBC it is less than desirable, it will ruin your life, destroy any spare time you have as you will be dealing with all the myriad of problems that HSBC banking will cause you and if your a person that pays close attention to charges, changes and the bank upholding their contracts you will be spending all available time as I have to correct them with no success. 4 years of hell on earth.

Price
1/10
Features
1/10
Customer service
1/10
Convenience
1/10
Trust
1/10
Less
Samantha, Queensland, reviewed 7 months ago
HSBC Home Smart Loan (Home Loan Package) review
Overall 2/10
Beware of HSBC.

HSBC are not interested in maintaining clients or negotiating rate reductions despite not passing on Reserve Bank reductions in full. They treat you well to sign you up then don’t care. I would not recommend HSBC as they don’t care about average Australians.

Read full review

HSBC are not interested in maintaining clients or negotiating rate reductions despite not passing on Reserve Bank reductions in full. They treat you well to sign you up then don’t care. I would not recommend HSBC as they don’t care about average Australians.

Price
4/10
Features
4/10
Customer service
3/10
Convenience
4/10
Trust
2/10
Less
Vicky, South Australia, reviewed 7 months ago
HSBC Variable Home Loan review
Overall 7/10
Good rates, no frills.

Very competitive rates, but not the best facilities, such as physical locations or online banking.

Read full review

Very competitive rates, but not the best facilities, such as physical locations or online banking.

Price
8/10
Features
6/10
Customer service
6/10
Convenience
6/10
Trust
6/10
Less
Cory, Western Australia, reviewed 8 months ago

What do you need to apply for a HSBC home loan?

To apply for a HSBC home loan, you’ll generally need to have the following details and documents handy:

  • Residential details including completed HSBC 100 Point Identification, passport, driver’s licence, rate notice, utility bill etc.
  • Employment details i.e. name of organisation, address and contact details
  • Income details including latest payslips, Group Certificate and bank statements. If you are receiving additional income such as rent, you may need to provide supporting documentation (e.g. copy of rental contract and bank statements).

Depending on your situation at the time of application, you may also need to provide some of these documents:

  • Records of your investment, shares etc.
  • Statements of existing loans
  • Life insurance and superannuation statements
  • Contract of Sale (for purchase of property)
  • Receipt of deposit paid (for purchase of property)

Home loan quick links