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HSBC Fixed Rate Home Loan (Premier)

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 interest only loan between $500,000 and $7,500,000 with an LVR below 80%

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 (Interest Only)

    LVR < 80%

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

Fixed 3 year rate
2.19% p.a.
Comparison Rate*
3.03% p.a.
Service fee
$35.00 monthly
Upfront fee
$270
Go to site
Fixed 3 year rate
2.40% p.a.
Comparison Rate*
3.24% p.a.
Service fee
$35.00 monthly
Upfront fee
$270
Fixed 3 year rate
2.75% p.a.
Comparison Rate*
3.24% p.a.
Service fee
$35.00 monthly
Upfront fee
$570
Fixed 3 year rate
2.90% p.a.
Comparison Rate*
3.38% p.a.
Service fee
$35.00 monthly
Upfront fee
$570
Fixed 3 year rate
2.39% p.a.
Comparison Rate*
3.43% p.a.
Service fee
$35.00 monthly
Upfront fee
$570
Fixed 3 year rate
2.59% p.a.
Comparison Rate*
3.48% p.a.
Service fee
$35.00 monthly
Upfront fee
$570

Mozo editorial review HSBC Fixed Rate Home Loan (Premier)

Last updated: 8 September 2020.

binocular icon
What's hot
  • 2020 Mozo Experts Choice Award winner
  • Low rates from 2.19% p.a. for 3 year terms (3.03% p.a. comparison rate*)
  • Free extra repayments up to $10,000 per year
What's not
  • No offset account or redraw facility
Mozo snapshot

With interest rates for owner-occupiers starting as low 2.19% p.a. (3.03% 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.

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 2.19% p.a. (3.03% p.a. comparison rate*) for a 3 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. 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.  

snapshot
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 2.75% (3.21% 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. 


Details

Rates and fees information correct as at 25 October 2020. 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

  • 2.25% (3.21%*)

  • 2.09% (3.10%*)

  • 2.19% (3.03%*)

  • 2.40% (3.13%*)

  • 2.60% (3.18%*)

  • n/a

  • n/a

  • 2.74% p.a.

Fees
  • $0.00

  • $0.00

  • $120.00

  • $150.00

  • n/a

  • $35.00 monthly

  • $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

  • none

*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 25 October 2020. 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

  • 2.40% (3.32%*)

  • 2.40% (3.28%*)

  • 2.40% (3.24%*)

  • 2.55% (3.25%*)

  • 2.75% (3.31%*)

  • n/a

  • n/a

  • 2.89% p.a.

Fees
  • $0.00

  • $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

  • none

*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 25 October 2020. 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

  • 2.75% (3.23%*)

  • 2.75% (3.23%*)

  • 2.75% (3.24%*)

  • n/a

  • n/a

  • n/a

  • n/a

  • 2.74% 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

  • none

  • 80.00%

Features
  • Weekly, Fortnightly, Monthly

  • yes - free up to $10,000 p.a.

  • no

  • no

  • none

  • yes

  • no

  • none

  • none

  • none

*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 25 October 2020. 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

  • 2.90% (3.38%*)

  • 2.90% (3.38%*)

  • 2.90% (3.38%*)

  • n/a

  • n/a

  • n/a

  • n/a

  • 2.89% 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

  • none

*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 25 October 2020. 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

  • 2.49% (3.56%*)

  • 2.39% (3.48%*)

  • 2.39% (3.43%*)

  • 2.59% (3.44%*)

  • 2.69% (3.44%*)

  • n/a

  • n/a

  • 3.13% 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

  • none

  • 80.00%

Features
  • Weekly, Fortnightly, Monthly

  • yes - free up to $10,000 p.a.

  • no

  • no

  • none

  • yes

  • no

  • none

  • none

  • none

*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 25 October 2020. 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

  • 2.69% (3.57%*)

  • 2.59% (3.52%*)

  • 2.59% (3.48%*)

  • 2.79% (3.50%*)

  • 2.89% (3.52%*)

  • n/a

  • n/a

  • 3.13% 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

  • none

  • 80.00%

Features
  • Weekly, Fortnightly, Monthly

  • yes - free up to $10,000 p.a.

  • no

  • no

  • none

  • yes

  • no

  • none

  • none

  • none

*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 122 HSBC home loan reviews

Price
6.7/10
Features
6.5/10
Customer service
6.9/10
Convenience
6.2/10
Trust
7.1/10

Latest review of HSBC Fixed Rate Home Loan (Premier)

  • Overall 9/10
    Good service but few branches

    Happy with HSBC.

    Read full review

    Happy with HSBC.

    Price
    9/10
    Features
    8/10
    Customer service
    9/10
    Convenience
    6/10
    Trust
    8/10
    Less
    Graham, Queensland reviewed over 5 years ago
HSBC

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!

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*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.