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.
Rates and fees verified as correct at 23 June, 2017. Other information correct at the time of writing.
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.
| Product | Fixed 3 year rate | Comparison Rate* | Service fee | Upfront fee | Monthly repayments ‡ |
|---|---|---|---|---|---|
| 4.19% p.a. | 5.01% p.a. | $0.00 | $870 |
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.
| Product | Rate | Comparison Rate* | Service fee | Upfront fee | Monthly repayments ‡ | |
|---|---|---|---|---|---|---|
| 3.85% p.a. | 3.90% p.a. | $0.00 | $750 | Go to site | ||
| 5.23% p.a. | 5.29% p.a. | $0.00 | $870 | |||
| 4.62% p.a. | 4.68% p.a. | $0.00 | $870 | |||
| 5.23% p.a. | 5.29% 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 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.
| Product | Fixed 3 year rate | Comparison Rate* | Service fee | Upfront fee | Monthly repayments ‡ |
|---|---|---|---|---|---|
| 4.09% p.a. | 4.83% 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, 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.
| Product | Rate | Comparison Rate* | Service fee | Upfront fee | Monthly repayments ‡ |
|---|---|---|---|---|---|
| 3.85% p.a. | 4.29% p.a. | $35.00 monthly | $150 | ||
| 3.85% p.a. | 4.29% p.a. | $35.00 monthly | $150 |
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 |
|---|---|---|---|---|
| 5.31% p.a. | n/a | $0.00 | $870 |
| No monthly feeNo 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 accountOffset account | HSBC’s full featured variable loans have a handy offset account to help reduce your interest payments over the term of your loan. |
| Premier optionsPremier 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. |
| Personal relationship managerPersonal 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. |
It’s hard to know what you’re really getting when you first sign up for a home loan. So it’s a good idea to check out our review portal where we’ve asked real HSBC customers to rate their home loans on everything from price and features to customer service and convenience.
* Overall rating based on reviews in the past 12 months.
Priya (VIC), reviewed about 1 year ago
They are bank, like all others. Only one branch in Adelaide.
They are bank, like all others. Only one branch in Adelaide.
Greg (SA), reviewed about 1 year ago
Helen (NSW), reviewed about 1 year ago
Although there are not many branches, I like you can withdraw at the post office and use many ATM's at no charge. Service is brilliant and friendly. I hate that I am charged when I phone in to discuss something though, very disappointing, I pay...
Although there are not many branches, I like you can withdraw at the post office and use many ATM's at no charge. Service is brilliant and friendly. I hate that I am charged when I phone in to discuss something though, very disappointing, I pay enough in fees, this should be free.
Nikki (SA), reviewed over 1 year ago
Great rates and efficient staff. Rates for insurance were very competitive the first year but not when it came around to renewal.
Great rates and efficient staff. Rates for insurance were very competitive the first year but not when it came around to renewal.
Talei (NSW), reviewed over 1 year ago
Mozo may receive a payment from financial providers listed on the site. Customer reviews are in no way affected by any commercial relationships Mozo has with providers. Reviewers may receive a voucher from Mozo in exchange for their review. Vouchers are given to all reviewers who meet our review guidelines regardless of the sentiment of their reviews.
* The Comparison Rate combines the lender's interest rate, fees and charges into a single rate to show the true cost of a home loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years, and applies only to this example. Different amounts and terms will result in different comparison rates. Full comparison rate schedules are available from lenders. Costs such as redraw fees or early repayment fees, and savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.
‡ 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.
† Mozo may receive a payment from financial providers listed on the site. Customer reviews are in no way affected by any commercial relationships Mozo has with providers.
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:
