Rates and fees verified as correct at 20 April, 2021. Other information correct at the time of writing. Advertiser disclosure.
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 options 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.
| 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. | 3.00% p.a. | $0.00 | $0 | Go to site | ||
| 2.50% p.a. | 3.11% p.a. | $0.00 | $0 | |||
| 2.69% p.a. | 3.47% p.a. | $0.00 | $0 | |||
| 3.20% p.a. | 3.72% p.a. | $0.00 | $870 | |||
| 2.49% p.a. | 3.23% p.a. | $0.00 | $0 | |||
| 3.00% p.a. | 3.49% p.a. | $0.00 | $870 |
Whether you’re looking for a basic home loan or one with all the bells and whistles, the variable rate options from HSBC have got you covered. 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 (though 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 options (up to three years) and unlimited free withdrawals via ATM, EFTPOS, BPAY, phone and internet banking.
| Product | Rate | Comparison Rate | Service fee | Upfront fee | Monthly repayments | |
|---|---|---|---|---|---|---|
| 2.98% p.a. | 2.99% p.a. | $0.00 | $150 | |||
| 3.13% p.a. | 3.14% p.a. | $0.00 | $150 | |||
| 2.44% p.a. | 2.45% p.a. | $0.00 | $150 | Go to site | ||
| 2.54% p.a. | 2.55% 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 | |||
| 3.14% p.a. | 2.99% p.a. | $0.00 | $150 | |||
| 2.94% p.a. | 2.79% p.a. | $0.00 | $150 | |||
| 2.89% p.a. | 2.91% p.a. | $0.00 | $150 | |||
| 2.69% p.a. | 2.70% 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 |
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 offers the option to make extra repayments up to $10,000 p.a. and you can choose to make monthly, fortnightly or weekly payments. You’ll also have the option to split your home loan between fixed and variable rates.
| Product | Fixed 3 year rate | Comparison Rate | Service fee | Upfront fee | Monthly repayments | |
|---|---|---|---|---|---|---|
| 2.75% p.a. | 3.45% p.a. | $390.00 yearly | $570 | |||
| 2.90% p.a. | 3.49% p.a. | $390.00 yearly | $570 | |||
| 2.09% p.a. | 2.86% p.a. | $390.00 yearly | $270 | Go to site | ||
| 2.40% p.a. | 3.03% p.a. | $390.00 yearly | $270 | |||
| 2.59% p.a. | 3.38% p.a. | $390.00 yearly | $570 | |||
| 3.10% p.a. | 3.68% p.a. | $35.00 monthly | $570 | |||
| 2.39% p.a. | 3.15% p.a. | $390.00 yearly | $570 | |||
| 2.90% p.a. | 3.45% p.a. | $35.00 monthly | $570 |
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, use an offset account and access a free redraw facility (a minimum redraw of $500 applies on the Premier Home Loan). 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.
| Product | Rate | Comparison Rate | Service fee | Upfront fee | Monthly repayments |
|---|---|---|---|---|---|
| 2.64% p.a. | 3.07% p.a. | $390.00 yearly | $450 | ||
| 2.54% p.a. | 2.97% p.a. | $390.00 yearly | $150 | ||
| 2.64% p.a. | 3.07% p.a. | $390.00 yearly | $0 | ||
| 3.08% p.a. | 3.50% p.a. | $390.00 yearly | $0 | ||
| 2.98% p.a. | 3.40% p.a. | $390.00 yearly | $0 | ||
| 2.54% p.a. | 2.97% p.a. | $390.00 yearly | $0 | ||
| 2.99% p.a. | 3.44% p.a. | $390.00 yearly | $570 | ||
| 2.79% p.a. | 3.25% p.a. | $390.00 yearly | $570 | ||
| 3.04% p.a. | 3.47% p.a. | $390.00 yearly | $120 | ||
| 3.24% p.a. | 3.66% p.a. | $390.00 yearly | $120 | ||
| 2.79% p.a. | 3.21% p.a. | $390.00 yearly | $120 | ||
| 2.99% p.a. | 3.42% p.a. | $390.00 yearly | $120 |
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 easy access to funds when 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 |
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).
HSBC’s full featured variable loans have a handy offset account to help reduce your interest payments over the term of your loan.
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.
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.
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.
127 Reviews
LIKE: There is no waiting in queue when calling. Interest rates are very competitive. Call centre is always friendly.
Read full reviewLIKE: There is no waiting in queue when calling. Interest rates are very competitive. Call centre is always friendly.
I just spent 1 hour on the phone to them just to get the correct BPAY details so I could pay my credit card. Thats not unusual. My home loan came off a fixed term a month ago, into a time when interest rates are around 1.9% to 2.6% with other banks variable. They smacked me 4.75% and have still not finalised what my variable rate will be and it's been now 5 weeks after my loan came off fixed. They are purposely ensuring they took this time so they could just charge me whatever rate they wanted. I have had to threaten legal action and AFCA to even get them to offer me a better rate which is still more than what is advertised. AFCA took 1 year to credit mistakes with them on my accounts and it's still not finalised. It cost me my health, do not use them.
Read full reviewI just spent 1 hour on the phone to them just to get the correct BPAY details so I could pay my credit card. Thats not unusual. My home loan came off a fixed term a month ago, into a time when interest rates are around 1.9% to 2.6% with other banks variable. They smacked me 4.75% and have still not finalised what my variable rate will be and it's been now 5 weeks after my loan came off fixed. They are purposely ensuring they took this time so they could just charge me whatever rate they wanted. I have had to threaten legal action and AFCA to even get them to offer me a better rate which is still more than what is advertised. AFCA took 1 year to credit mistakes with them on my accounts and it's still not finalised. It cost me my health, do not use them.
Interest rates have been lowered by RBA, yet no offers to lower my loan rates have been received. This is unacceptable in today's market. Banks should be more proactive in this area.
Read full reviewInterest rates have been lowered by RBA, yet no offers to lower my loan rates have been received. This is unacceptable in today's market. Banks should be more proactive in this area.
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 reviewWe 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.
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 reviewHSBC 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.
To apply for a HSBC home loan, you’ll generally need to have the following details and documents handy:
Depending on your situation at the time of application, you may also need to provide some of these documents:
