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HSBC Fixed Rate Home Loan (Home Loan Package)

Advertiser disclosure

The details shown below are for an owner occupier taking out a principal & interest loan between $500,000 and $7,500,000 with an LVR below 80%

The details shown below are for an owner occupier taking out a principal & interest loan between $500,000 and $7,500,000 with an LVR below 90%

The details shown below are for an owner occupier taking out a interest only loan between $500,000 and $7,500,000 with an LVR below 80%

The details shown below are for an investor taking out a principal & interest loan between $500,000 and $7,500,000 with an LVR below 80%

The details shown below are for an investor taking out a principal & interest loan between $500,000 and $7,500,000 with an LVR below 90%

The details shown below are for an investor taking out a interest only loan between $500,000 and $7,500,000 with an LVR below 80%

The details shown below are for an investor taking out a interest only loan between $500,000 and $7,500,000 with an LVR below 90%

Choose the version of this loan that suits you best

  • Owner Occupier (Principal & Interest)

    LVR < 80%

    Loan: $500,000 $7,500,000

  • Owner Occupier (Principal & Interest)

    LVR 80%-90%

    Loan: $500,000 $7,500,000

  • Owner Occupier (Interest Only)

    LVR < 80%

    Loan: $500,000 $7,500,000

  • Investor (Principal & Interest)

    LVR < 80%

    Loan: $500,000 $7,500,000

  • Investor (Principal & Interest)

    LVR 80%-90%

    Loan: $500,000 $7,500,000

  • Investor (Interest Only)

    LVR < 80%

    Loan: $500,000 $7,500,000

  • Investor (Interest Only)

    LVR 80%-90%

    Loan: $500,000 $7,500,000

Fixed 3 year rate
2.09% p.a.
Comparison Rate
2.86% p.a.
Service fee
$390.00 yearly
Upfront fee
$270
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Fixed 3 year rate
2.40% p.a.
Comparison Rate
3.03% p.a.
Service fee
$390.00 yearly
Upfront fee
$270
Fixed 3 year rate
2.75% p.a.
Comparison Rate
3.45% p.a.
Service fee
$390.00 yearly
Upfront fee
$570
Fixed 3 year rate
2.39% p.a.
Comparison Rate
3.15% p.a.
Service fee
$390.00 yearly
Upfront fee
$570
Fixed 3 year rate
2.90% p.a.
Comparison Rate
3.45% p.a.
Service fee
$35.00 monthly
Upfront fee
$570
Fixed 3 year rate
2.59% p.a.
Comparison Rate
3.38% p.a.
Service fee
$390.00 yearly
Upfront fee
$570
Fixed 3 year rate
3.10% p.a.
Comparison Rate
3.68% p.a.
Service fee
$35.00 monthly
Upfront fee
$570

Mozo editorial review HSBC Fixed Rate Home Loan (Home Loan Package) - last updated: 14 September 2021

4 / 5
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What's hot
  • 2020 Mozo Experts Choice Award winner
  • Low rates from 1.88% for a two year term (2.86% comparison rate*)
  • Cashback offer for refinancers (conditions apply)
What's not
  • No offset account or redraw facility
Mozo snapshot

With interest rates for owner-occupiers starting as low 1.88% p.a. (2.86% p.a. comparison rate*), it’s no wonder HSBC’s Fixed Rate Home Loan was awarded a 2020 Mozo Experts Choice Home Loan Award! Plus in addition to a low interest rate, this home loan also comes with the ability to make free extra repayments, up to $10,000 per year. And on top of all this, HSBC is currently offering a cashback offer for refinancers of up to $3,288! (Must apply by 31 December 2021).

key icon
Key features

If you’re after an award-winning home loan with a low fixed rate, then it might be worth adding HSBC’s Fixed Rate Home Loan to your shortlist. Rates start as low as 1.88% p.a. (2.86% p.a. comparison rate*) for a 2 year loan term. Loan terms available range from 1 to 5 years, meaning for the duration of your fixed term you won’t have to worry about any sudden rate hikes.

Plus, if you’re keen to pay off your loan sooner, you’ll be interested to hear that you can make free extra repayments up to $10,000 per year. There's more good news for refinancers too, as HSBC is currently offering cashback up to $3,288! To be eligible for this deal you will have to be a new customer, refinancing a home loan of at least $250,000 and apply by 31 December 2021. If you are eligible for the deal, the cashback will be credited into either your HSBC Transaction or Home Loan account within 60 days of settlement.

Just bear in mind however that there isn’t a redraw facility so you won’t be able to access these funds if you do decide you need them later on. 

With this loan you also have the option to split your repayments between a  fixed rate and a variable rate portion. That way you can hold on to the security that comes with a fixed rate, while also benefiting from a potentially lower variable rate.

Finally, an added bonus to this home loan is the inclusion of HSBC’s Premier World Mastercard which comes with no annual fee. You can use the card to earn rewards points with airline rewards programs including Asia Miles and Singapore Airlines’ KrisFlyer. Just remember that the card does come with an annual interest rate of 19.99% p.a, which you can avoid if you pay off purchases in full within the 55 interest free days.

snapshot
Who is it good for

If a low, fixed rate is top priority for you and you’re not too fussed about extra frills, such as offset accounts or redraw facilities, then HSBC’s Fixed Rate Home Loan might be worth looking into. 

Just be aware that this loan is only available on loans above $500,000 and you will also need at least a 20% deposit.  

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Any catches

There is a $35 monthly service  fee with this loan so be sure that you’ll use the split loan and extra repayment features and credit card that make this fee worthwhile. 

After the fixed rate period the loan reverts to a standard variable rate of 2.54% (2.97% p.a. comparison rate*), so make sure that you shop around to make sure that it is a competitive rate compared to other home loans in the market. 


Picture of Niko Iliakis
Niko Iliakis
Money writer

Niko Iliakis is a finance journalist at Mozo specialising in home loans, property and interest rate movements. With an eye for facts and figures, Niko deep-dives into topics to help readers understand key info and make more informed financial decisions. He is ASIC RG146 (Tier 2) certified for general advice.

Details

Rates and fees information correct as at 23 September 2021. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

n/a

n/a

n/a

n/a

2.15% (2.94%*)

1.88% (2.86%*)

2.09% (2.86%*)

n/a

2.60% (3.00%*)

n/a

n/a

2.54% p.a.

Fees

$0.00

$0.00

$120.00

$150.00

n/a

$390.00 yearly

$300.00

Other financial bits

$500,000

$7,500,000

none

80.00%

Features

Weekly, Fortnightly, Monthly

yes - free up to $10,000 p.a.

no

no

none

yes

no

none

none

Receive $3,288 cashback when you refinance an existing home loan of $250,000. Must apply by 31 December 2021 and settle by 28 February 2022.

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.

Details

Rates and fees information correct as at 23 September 2021. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

n/a

n/a

n/a

n/a

2.30% (3.06%*)

2.30% (3.03%*)

2.40% (3.03%*)

n/a

2.75% (3.13%*)

n/a

n/a

2.64% p.a.

Fees

$0.00

$0.00

$120.00

$150.00

n/a

$390.00 yearly

$300.00

Other financial bits

$500,000

$7,500,000

80.00%

90.00%

Features

Weekly, Fortnightly, Monthly

yes - free up to $10,000 p.a.

no

no

none

yes

no

none

none

Receive $3,288 cashback when you refinance an existing home loan of $250,000. Must apply by 31 December 2021 and settle by 28 February 2022.

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.

Details

Rates and fees information correct as at 23 September 2021. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

n/a

n/a

n/a

n/a

2.65% (3.49%*)

2.65% (3.46%*)

2.75% (3.45%*)

n/a

3.10% (3.54%*)

n/a

n/a

3.08% p.a.

Fees

$300.00

$0.00

$120.00

$150.00

n/a

$390.00 yearly

$300.00

Other financial bits

$500,000

$7,500,000

none

80.00%

Features

Weekly, Fortnightly, Monthly

yes - free up to $10,000 p.a.

no

no

none

yes

no

none

none

Receive $3,288 cashback when you refinance an existing home loan of $250,000. Must apply by 31 December 2021 and settle by 28 February 2022.

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.

Details

Rates and fees information correct as at 23 September 2021. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

n/a

n/a

n/a

n/a

2.39% (3.21%*)

2.29% (3.16%*)

2.39% (3.15%*)

n/a

2.69% (3.21%*)

n/a

n/a

2.79% p.a.

Fees

$300.00

$0.00

$120.00

$150.00

n/a

$390.00 yearly

$300.00

Other financial bits

$500,000

$7,500,000

none

80.00%

Features

Weekly, Fortnightly, Monthly

yes - free up to $10,000 p.a.

no

no

none

yes

no

none

none

Receive $3,288 cashback when you refinance an existing home loan of $250,000. Must apply by 31 December 2021 and settle by 28 February 2022.

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.

Details

Rates and fees information correct as at 23 September 2021. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

n/a

n/a

n/a

n/a

2.80% (3.46%*)

2.80% (3.44%*)

2.90% (3.45%*)

n/a

3.25% (3.58%*)

n/a

n/a

2.99% p.a.

Fees

$300.00

$0.00

$120.00

$150.00

n/a

$35.00 monthly

$300.00

Other financial bits

$500,000

$7,500,000

80.00%

90.00%

Features

Weekly, Fortnightly, Monthly

yes - free up to $10,000 p.a.

no

no

none

yes

no

none

none

Receive $3,288 cashback when you refinance an existing home loan of $250,000. Must apply by 31 December 2021 and settle by 28 February 2022.

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.

Details

Rates and fees information correct as at 23 September 2021. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

n/a

n/a

n/a

n/a

2.59% (3.45%*)

2.49% (3.40%*)

2.59% (3.38%*)

n/a

2.89% (3.43%*)

n/a

n/a

3.04% p.a.

Fees

$300.00

$0.00

$120.00

$150.00

n/a

$390.00 yearly

$300.00

Other financial bits

$500,000

$7,500,000

none

80.00%

Features

Weekly, Fortnightly, Monthly

yes - free up to $10,000 p.a.

no

no

none

yes

no

none

none

Receive $3,288 cashback when you refinance an existing home loan of $250,000. Must apply by 31 December 2021 and settle by 28 February 2022.

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.

Details

Rates and fees information correct as at 23 September 2021. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

n/a

n/a

n/a

n/a

3.00% (3.70%*)

3.00% (3.68%*)

3.10% (3.68%*)

n/a

3.45% (3.80%*)

n/a

n/a

3.24% p.a.

Fees

$300.00

$0.00

$120.00

$150.00

n/a

$35.00 monthly

$300.00

Other financial bits

$500,000

$7,500,000

80.00%

90.00%

Features

Weekly, Fortnightly, Monthly

yes - free up to $10,000 p.a.

no

no

none

yes

no

none

none

Receive $3,288 cashback when you refinance an existing home loan of $250,000. Must apply by 31 December 2021 and settle by 28 February 2022.

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.

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Latest review of HSBC Fixed Rate Home Loan (Home Loan Package)

About HSBC

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.