HSBC logo

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 owner occupier taking out a interest only loan between $500,000 and $7,500,000 with an LVR below 90%

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

  • Owner Occupier (Interest Only)

    LVR 80%-90%

    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
Go to site
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
2.90% p.a.
Comparison Rate
3.49% 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: 30 April 2021.

4 / 5
binocular icon
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 May 2021 and settle by 31 July 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 May 2021 and settle by 31 July 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.  

question icon
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 13 May 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 when you refinance a minimum of $250k for applications from 15 Feb to 31 May 2021, settled by 31 July 2021.

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 13 May 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 when you refinance a minimum of $250k for applications from 15 Feb to 31 May 2021, settled by 31 July 2021.

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 13 May 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 when you refinance a minimum of $250k for applications from 15 Feb to 31 May 2021, settled by 31 July 2021.

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 13 May 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% (3.51%*)

  • 2.80% (3.48%*)

  • 2.90% (3.49%*)

  • n/a

  • 3.31% (3.62%*)

  • 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

  • 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 when you refinance a minimum of $250k for applications from 15 Feb to 31 May 2021, settled by 31 July 2021.

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 13 May 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 when you refinance a minimum of $250k for applications from 15 Feb to 31 May 2021, settled by 31 July 2021.

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 13 May 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 when you refinance a minimum of $250k for applications from 15 Feb to 31 May 2021, settled by 31 July 2021.

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 13 May 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 when you refinance a minimum of $250k for applications from 15 Feb to 31 May 2021, settled by 31 July 2021.

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 13 May 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 when you refinance a minimum of $250k for applications from 15 Feb to 31 May 2021, settled by 31 July 2021.

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.

Customer Reviews

How are HSBC home loans rated by the Mozo community?

Overall
6.9/10

Based on 127 HSBC home loan reviews

Price
6.7/10
Features
6.5/10
Customer service
6.8/10
Convenience
6.2/10
Trust
7.0/10

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

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About HSBC

HSBC in Australia is part of the HSBC Group, one of the world's largest banking and financial services organisations. HSBC has products for every money need you can think of, including savings accounts and term deposits for your day-to-day money management, a suite of home loans to finance your dream home, plus credit card and personal loan options. With branches all over the world, HSBC is the world's local bank!

See HSBC home loans

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HSBC

Home Value Loan

2.44% p.a.

2.45% p.a.

$0.00

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HSBC

Fixed Rate Home Loan

p.a.

3.00% p.a.

$0.00

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loans.com.au

Smart Booster Home Loan

1.99% p.a.variable for 12 months and then 2.48% p.a. variable

2.47% p.a.

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UBank

UHomeLoan (Fixed)

1.85% p.a.
fixed 3 years

2.24% p.a.

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Athena

AcceleRATES Variable Home Loan

1.99% p.a. variable

1.99% p.a.

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Yard

Variable Home Loan Special

2.09% p.a. variable

2.12% p.a.

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Macquarie

Basic Home Loan (Fixed)

2.09% p.a.
fixed 3 years

2.43% p.a.

Thumbnail icon for Well Home Loans

Well Home Loans

Well Balanced

2.17% p.a. variable

2.20% p.a.

Thumbnail icon for Newcastle Permanent

Newcastle Permanent

Fixed Rate Home Loan (Premium Plus Package)

1.98% p.a.
fixed 3 years

3.56% p.a.

Thumbnail icon for Bank of Queensland

Bank of Queensland

Fixed Rate

1.94% p.a.
fixed 3 years

2.97% p.a.

Thumbnail icon for loans.com.au

loans.com.au

Smart Booster Home Loan

1.99% p.a.variable for 12 months and then 2.48% p.a. variable

2.47% p.a.

Thumbnail icon for UBank

UBank

UHomeLoan (Fixed)

1.85% p.a.
fixed 3 years

2.24% p.a.

Thumbnail icon for Athena

Athena

AcceleRATES Variable Home Loan

1.99% p.a. variable

1.99% p.a.

Thumbnail icon for Macquarie

Macquarie

Basic Home Loan (Fixed)

2.19% p.a.
fixed 3 years

2.53% p.a.

Thumbnail icon for ING

ING

Fixed Rate Loan (with Orange Advantage)

2.04% p.a.
fixed 3 years

3.60% p.a.

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Suncorp

Fixed Home Loan (Home Package Plus)

1.99% p.a.
fixed 3 years

2.83% p.a.

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UBank

UHomeLoan - Discount Offer

2.34% p.a. variable

2.34% p.a.

Thumbnail icon for Athena

Athena

AcceleRATES Variable Home Loan

2.19% p.a. variable

2.08% p.a.

Thumbnail icon for loans.com.au

loans.com.au

Smart Booster Home Loan

1.99% p.a.variable for 12 months and then 2.48% p.a.

2.47% p.a.

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UBank

UHomeLoan - Discount Offer

2.34% p.a.

2.34% p.a.

Thumbnail icon for Athena

Athena

AcceleRATES Variable Home Loan

1.99% p.a.

1.99% p.a.

Thumbnail icon for Macquarie

Macquarie

Basic Home Loan

2.49% p.a.

2.49% p.a.

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ING

Fixed Rate Loan (with Orange Advantage)

p.a.

3.60% p.a.

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86 400

Neat Home Loan

2.19% p.a.

2.20% p.a.

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HSBC

Home Value Loan

2.44% p.a.

2.45% p.a.

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Bluestone

Prime Home Loan

2.44% p.a.

2.49% p.a.

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loans.com.au

Fixed Home Loan

1.99% p.a.
fixed 3 years

2.70% p.a.

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UBank

UHomeLoan (Fixed)

1.85% p.a.
fixed 3 years

2.24% p.a.

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Macquarie

Basic Home Loan (Fixed)

2.09% p.a.
fixed 3 years

2.43% p.a.

Thumbnail icon for Bank of Queensland

Bank of Queensland

Fixed Rate

1.94% p.a.
fixed 3 years

2.97% p.a.

Thumbnail icon for Well Home Loans

Well Home Loans

Well Balanced Fixed

2.04% p.a.
fixed 3 years

2.17% p.a.

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ING

Fixed Rate Loan (with Orange Advantage)

2.04% p.a.
fixed 3 years

3.60% p.a.

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Newcastle Permanent

Fixed Rate Home Loan (Premium Plus Package)

1.98% p.a.
fixed 3 years

3.56% p.a.

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Macquarie

Basic Home Loan (Fixed)

2.19% p.a.
fixed 3 years

2.53% p.a.

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.