HSBC logo Mozo experts choice 2020

HSBC Fixed Rate Home Loan

Advertiser disclosure

The details shown below are for an owner occupier taking out a principal & interest loan between $50,000 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 $50,000 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 $50,000 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 $50,000 and $7,500,000 with an LVR below 90%

The details shown below are for an investor taking out a principal & interest loan between $50,000 and $7,500,000 with an LVR below 80%

The details shown below are for an investor taking out a principal & interest loan between $50,000 and $7,500,000 with an LVR below 90%

The details shown below are for an investor taking out a interest only loan between $50,000 and $7,500,000 with an LVR below 80%

The details shown below are for an investor taking out a interest only loan between $50,000 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: $50,000 $7,500,000

  • Owner Occupier (Principal & Interest)

    LVR 80%-90%

    Loan: $50,000 $7,500,000

  • Owner Occupier (Interest Only)

    LVR < 80%

    Loan: $50,000 $7,500,000

  • Owner Occupier (Interest Only)

    LVR 80%-90%

    Loan: $50,000 $7,500,000

  • Investor (Principal & Interest)

    LVR < 80%

    Loan: $50,000 $7,500,000

  • Investor (Principal & Interest)

    LVR 80%-90%

    Loan: $50,000 $7,500,000

  • Investor (Interest Only)

    LVR < 80%

    Loan: $50,000 $7,500,000

  • Investor (Interest Only)

    LVR 80%-90%

    Loan: $50,000 $7,500,000

Fixed 3 year rate
2.29% p.a.
Comparison Rate
2.95% p.a.
Service fee
$0.00
Upfront fee
$0
Go to site
Fixed 3 year rate
2.50% p.a.
Comparison Rate
3.11% p.a.
Service fee
$0.00
Upfront fee
$0
Fixed 3 year rate
2.85% p.a.
Comparison Rate
3.31% p.a.
Service fee
$0.00
Upfront fee
$0
Fixed 3 year rate
3.00% p.a.
Comparison Rate
3.46% p.a.
Service fee
$0.00
Upfront fee
$0
Fixed 3 year rate
2.49% p.a.
Comparison Rate
3.23% p.a.
Service fee
$0.00
Upfront fee
$0
Fixed 3 year rate
3.00% p.a.
Comparison Rate
3.41% p.a.
Service fee
$0.00
Upfront fee
$870
Fixed 3 year rate
2.69% p.a.
Comparison Rate
3.28% p.a.
Service fee
$0.00
Upfront fee
$0
Fixed 3 year rate
3.20% p.a.
Comparison Rate
3.65% p.a.
Service fee
$0.00
Upfront fee
$870

Mozo editorial review HSBC Fixed Rate Home Loan

Last updated: 16 December 2020.

binocular icon
What's hot
  • Low 2 year fixed rate of 2.09% (2.98% comparison rate*)
  • Zero upfront or ongoing fees
  • Extra repayments (free up to $10,000 p.a.)
  • 2020 Mozo Experts Choice Award
What's not
  • $300 discharge fee
Mozo snapshot

Love the idea of the repayment certainty you can only get by locking in your rate with a fixed rate home loan? Well you’ll certainly want to meet the 2020 Mozo Experts Choice Award winning Fixed Rate Home Loan from HSBC which features seriously low fixed rates from 2.09% (2.98% comparison rate*) as well as zero upfront or ongoing fees.

key icon
Key features

The HSBC Fixed Rate Home Loan comes with a number of low fixed rates depending on the period you’re wanting to fix your loan over (1, 2, 3 or 5 years), the way you want to make your repayments (principal and interest or interest-only) and the type of borrower you are (owner occupier or investor). 

All borrowers will be able to take out a loan between $50,000 and $7,500,000, but the lowest rates currently available for owner occupiers and investors are:  

  • 2.09% (2.98% comparison rate*): 2-year fixed rate for owner occupiers making principal and interest repayments with a loan-to-value ratio below 80%
  • 2.39% (3.29% comparison rate*): 2-year fixed rate for investors making principal and interest repayments with a loan-to-value ratio below 80%

Borrowers will be able to make their repayments on a weekly, fortnightly or monthly schedule and they can even make extra repayments towards the loan (up to $10,000 per year for free) if they’re looking to pay it off faster.

When it comes to other costs, HSBC Fixed Rate Home Loan borrowers won’t need to worry about any upfront fees (such as application, legal, settlement or valuations fees) or any ongoing fees. The only fee to budget for is the $300 discharge fee.

Like most fixed rate home loans, there’s no offset account attached to HSBC’s offer, but you will be able to take advantage of the split rate feature by combining it with one of HBCS’s variable rate home loans.

snapshot
Who is it good for

With its lack of upfront and ongoing fees and some killer fixed rate offers from as low as 2.09% (2.98% comparison rate*) depending on the fixed period, the HSBC Fixed Rate Home Loan could be a seriously competitive option for any borrower looking for some temporary repayment certainty. 

question icon
Any catches

Like all fixed rate loans, you’ll just need to remember that the low fixed interest rate will revert to a much higher rate once the fixed rate period is over. For example, the 2 year fixed rate of 2.09% (2.98% comparison rate*) for owner occupiers will revert to 3.16% once that two years is over. 

Details

Rates and fees information correct as at 18 January 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

  • 2.25% (3.09%*)

  • 2.09% (2.98%*)

  • 2.29% (2.95%*)

  • n/a

  • 2.70% (2.99%*)

  • n/a

  • n/a

  • 3.16% p.a.

Fees
  • $0.00

  • $0.00

  • $0.00

  • $0.00

  • n/a

  • $0.00

  • $300.00

Other financial bits
  • $50,000

  • $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 18 January 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

  • 2.40% (3.24%*)

  • 2.40% (3.16%*)

  • 2.50% (3.11%*)

  • n/a

  • 2.85% (3.14%*)

  • n/a

  • n/a

  • 3.31% p.a.

Fees
  • $0.00

  • $0.00

  • $0.00

  • $0.00

  • n/a

  • $0.00

  • $300.00

Other financial bits
  • $50,000

  • $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 18 January 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

  • 2.75% (3.40%*)

  • 2.75% (3.34%*)

  • 2.85% (3.31%*)

  • n/a

  • n/a

  • n/a

  • n/a

  • 3.46% p.a.

Fees
  • $0.00

  • $0.00

  • $0.00

  • $0.00

  • n/a

  • $0.00

  • $300.00

Other financial bits
  • $50,000

  • $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 18 January 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

  • 2.90% (3.55%*)

  • 2.90% (3.49%*)

  • 3.00% (3.46%*)

  • n/a

  • n/a

  • n/a

  • n/a

  • 3.61% p.a.

Fees
  • $0.00

  • $0.00

  • $0.00

  • $0.00

  • n/a

  • $0.00

  • $300.00

Other financial bits
  • $50,000

  • $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 18 January 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

  • 2.49% (3.39%*)

  • 2.39% (3.29%*)

  • 2.49% (3.23%*)

  • n/a

  • 2.79% (3.21%*)

  • n/a

  • n/a

  • 3.47% p.a.

Fees
  • $0.00

  • $0.00

  • $0.00

  • $0.00

  • n/a

  • $0.00

  • $300.00

Other financial bits
  • $50,000

  • $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 18 January 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

  • 2.90% (3.48%*)

  • 2.90% (3.43%*)

  • 3.00% (3.41%*)

  • n/a

  • 3.35% (3.48%*)

  • n/a

  • n/a

  • 3.47% p.a.

Fees
  • $600.00

  • $0.00

  • $120.00

  • $150.00

  • n/a

  • $0.00

  • $300.00

Other financial bits
  • $50,000

  • $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 18 January 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

  • 2.69% (3.41%*)

  • 2.59% (3.32%*)

  • 2.69% (3.28%*)

  • n/a

  • 2.99% (3.29%*)

  • n/a

  • n/a

  • 3.47% p.a.

Fees
  • $0.00

  • $0.00

  • $0.00

  • $0.00

  • n/a

  • $0.00

  • $300.00

Other financial bits
  • $50,000

  • $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 18 January 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

  • 3.10% (3.73%*)

  • 3.10% (3.67%*)

  • 3.20% (3.65%*)

  • n/a

  • 3.55% (3.71%*)

  • n/a

  • n/a

  • 3.72% p.a.

Fees
  • $600.00

  • $0.00

  • $120.00

  • $150.00

  • n/a

  • $0.00

  • $300.00

Other financial bits
  • $50,000

  • $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.

Customer Reviews

How are HSBC home loans rated by the Mozo community?

Overall
6.9/10

Based on 124 HSBC home loan reviews

Price
6.8/10
Features
6.5/10
Customer service
6.9/10
Convenience
6.3/10
Trust
7.1/10

Latest reviews of HSBC Fixed Rate Home Loan

  • Overall 1/10
    Infuriating Customer Service

    Talking to foreign call centres who don't understand your question. Not like HSBC in UK at all where I've been a customer for over 10 years. Short-sighted staff who don't care about business retention. I got no follow up from "Relationship Managers". Infuriating customer service

    Read full review

    Talking to foreign call centres who don't understand your question. Not like HSBC in UK at all where I've been a customer for over 10 years. Short-sighted staff who don't care about business retention. I got no follow up from "Relationship Managers". Infuriating customer service

    Price
    7/10
    Features
    0/10
    Customer service
    1/10
    Convenience
    0/10
    Trust
    2/10
    Less
    Eleanor, Western Australia reviewed 10 months ago
  • Overall 9/10
    Excellent Customer Service

    This bank is friendly, great service and always smile when I enter the building.

    Read full review

    This bank is friendly, great service and always smile when I enter the building.

    Price
    10/10
    Features
    8/10
    Customer service
    10/10
    Convenience
    7/10
    Trust
    10/10
    Less
    Thomas, Victoria reviewed about 6 years ago
  • Overall 10/10
    Customer service is excellent

    Getting our HSBC home loan approved and up and running was so simple and the customer service we received was excellent.

    Read full review

    Getting our HSBC home loan approved and up and running was so simple and the customer service we received was excellent.

    Price
    10/10
    Features
    10/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10
    Less
    Kelly, Queensland reviewed about 7 years ago
  • Overall 9/10
    Great customer service and very competitive rate

    After shopping around at lots of banks I had started to lose faith that I would ever find the perfect home loan that suited my needs. HSBC completely restored my faith in banks. They were professional, friendly, helpful and most importantly - honest. They gave me advice as if they were my friend, and not just trying to win my business. Their rates were also the best I'd come across. I have since recommended them to two friends, who have each agreed with me.

    Read full review

    After shopping around at lots of banks I had started to lose faith that I would ever find the perfect home loan that suited my needs. HSBC completely restored my faith in banks. They were professional, friendly, helpful and most importantly - honest. They gave me advice as if they were my friend, and not just trying to win my business. Their rates were also the best I'd come across. I have since recommended them to two friends, who have each agreed with me.

    Price
    9/10
    Features
    8/10
    Customer service
    10/10
    Convenience
    9/10
    Trust
    10/10
    Less
    Danielle, Victoria reviewed over 7 years ago
  • Overall 5/10
    Global & reliable

    I find it a good bank although difficult at times as as the call centers are now offshore.

    Read full review

    I find it a good bank although difficult at times as as the call centers are now offshore.

    Price
    5/10
    Features
    5/10
    Customer service
    5/10
    Convenience
    5/10
    Trust
    4/10
    Less
    Mozo community reviewer, New South Wales reviewed over 7 years ago
Thumbnail icon for 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!

See HSBC home loans

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2.60% p.a.

$0.00

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p.a.

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$390.00 yearly

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2.34% p.a.

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AcceleRATES Variable Home Loan

2.19% p.a. variable

2.19% p.a.

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Reward Me Fixed Rate Home Loan

2.04% p.a.
fixed 3 years

2.73% p.a.

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Basic Home Loan (Fixed)

2.19% p.a.
fixed 3 years

2.53% p.a.

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86 400

Neat Home Loan

2.19% p.a. variable

2.20% p.a.

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Suncorp

Fixed Home Loan (Home Package Plus)

1.99% p.a.
fixed 3 years

2.90% p.a.

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People's Choice Credit Union

Fixed Rate Home Loan (Package)

2.09% p.a.
fixed 3 years

3.67% p.a.

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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)

1.95% p.a.
fixed 3 years

2.27% p.a.

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Athena

AcceleRATES Variable Home Loan

2.19% p.a. variable

2.19% p.a.

Thumbnail icon for Virgin Money

Virgin Money

Reward Me Fixed Rate Home Loan

2.04% p.a.
fixed 3 years

2.73% p.a.

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Macquarie

Basic Home Loan (Fixed)

2.19% p.a.
fixed 3 years

2.53% p.a.

Thumbnail icon for 86 400

86 400

Neat Home Loan

2.19% p.a. variable

2.20% p.a.

Thumbnail icon for Suncorp

Suncorp

Fixed Home Loan (Home Package Plus)

1.99% p.a.
fixed 3 years

2.90% p.a.

Thumbnail icon for People's Choice Credit Union

People's Choice Credit Union

Fixed Rate Home Loan (Package)

2.09% p.a.
fixed 3 years

3.67% 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

2.19% p.a.

2.19% p.a.

Thumbnail icon for Macquarie

Macquarie

Basic Home Loan

2.64% p.a.

2.64% p.a.

Thumbnail icon for 86 400

86 400

Neat Home Loan

2.19% p.a.

2.20% p.a.

Thumbnail icon for People's Choice Credit Union

People's Choice Credit Union

Basic Variable Home Loan

2.49% p.a.

2.49% p.a.

Thumbnail icon for Suncorp

Suncorp

Back to Basics

2.54% p.a.

2.55% p.a.

Thumbnail icon for Bank of Queensland

Bank of Queensland

Economy

2.59% p.a.

2.76% p.a.

Thumbnail icon for loans.com.au

loans.com.au

Fixed Home Loan

1.99% p.a.
fixed 3 years

2.70% p.a.

Thumbnail icon for UBank

UBank

UHomeLoan (Fixed)

1.95% p.a.
fixed 3 years

2.27% p.a.

Thumbnail icon for Virgin Money

Virgin Money

Reward Me Fixed Rate Home Loan

2.04% p.a.
fixed 3 years

2.73% 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 Suncorp

Suncorp

Fixed Home Loan (Home Package Plus)

2.19% p.a.
fixed 3 years

3.03% p.a.

Thumbnail icon for People's Choice Credit Union

People's Choice Credit Union

Fixed Rate Home Loan (Package)

2.09% p.a.
fixed 3 years

3.67% p.a.

Thumbnail icon for Bank of Queensland

Bank of Queensland

Fixed Rate

2.09% p.a.
fixed 3 years

3.01% p.a.

Thumbnail icon for Qudos Bank

Qudos Bank

Fixed Rate Home Loan

2.19% p.a.
fixed 3 years

2.68% 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.