Choose the version of this loan that suits you best
| Availability | Loan type | LVR | Min loan amount | Max loan amount | |
|---|---|---|---|---|---|
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|
Owner Occupier | No set repayments | < 80% | $50,000 | $1,000,000 |
|
|
Investor | No set repayments | < 80% | $50,000 | $1,000,000 |
|
|
Owner Occupier | No set repayments | 80%-90% | $50,000 | $1,000,000 |
The Home Equity loan (with Home Loan Package) from HSBC has a variable rate of 7.47% with no application or upfront fees and unlimited free monthly withdrawals from their line of credit facility. This loan could be your match if you’re an owner occupier looking to unlock the equity in your home and borrow a large amount of money with flexible repayment options.
With the HSBC Home Equity Loan, borrowers can set up a line of credit facility starting from just $50k. When it comes to fees all you’ll pay is the $150 settlement fee upfront, but there is a monthly service fee of $35, as well as a $300 discharge fee.
You can borrow up to $1,000,000 and there are no set repayments which gives you the flexibility to make loan repayments at any time. The HSBC Home Equity Loan (with Home Loan Package) also comes with unlimited free monthly withdrawals, which may be made via a range of options including ATM, EFTPOS, BPAY, phone/internet banking and Bank@Post. You’ll also have the option to split your loan between variable and fixed.
This loan is good for owner occupiers looking to access the equity that they’ve built up in their home and with the flexibility of no set terms to repay their mortgage.
With no set repayment requirements, you could end up paying a hefty amount of interest down the track, so it’s important to eventually pay back your debt by setting up a direct debit to coincide with payday.
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7.47% p.a. |
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n/a |
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n/a |
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n/a |
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n/a |
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n/a |
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n/a |
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n/a |
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n/a |
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n/a |
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n/a |
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n/a |
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n/a |
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$0.00 |
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$0.00 |
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$0.00 |
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$0.00 |
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n/a |
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$390.00 yearly |
|
|
$300.00 |
|
$50,000 |
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$1,000,000 |
|
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none |
|
|
80.00% |
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Owner Occupier |
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No set repayments |
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No set repayments |
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n/a |
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no |
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n/a |
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none |
|
|
yes |
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|
no |
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|
none |
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Unlimited free withdrawals per month. Transact on the loan via ATM, EFTPOS, BPAY, phone / internet banking and Bank@Post. |
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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.
|
7.67% p.a. |
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n/a |
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n/a |
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n/a |
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n/a |
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n/a |
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n/a |
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n/a |
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n/a |
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n/a |
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n/a |
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n/a |
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n/a |
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$0.00 |
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$0.00 |
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$0.00 |
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$0.00 |
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n/a |
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$390.00 yearly |
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$300.00 |
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$50,000 |
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$1,000,000 |
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none |
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|
80.00% |
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Investor |
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No set repayments |
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No set repayments |
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n/a |
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no |
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n/a |
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none |
|
|
yes |
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|
no |
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none |
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Unlimited free withdrawals per month. Transact on the loan via ATM, EFTPOS, BPAY, phone / internet banking and Bank@Post. |
|
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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.
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8.84% p.a. |
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n/a |
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n/a |
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n/a |
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n/a |
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n/a |
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n/a |
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n/a |
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n/a |
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n/a |
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n/a |
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n/a |
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n/a |
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$0.00 |
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$0.00 |
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$0.00 |
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$0.00 |
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n/a |
|
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$390.00 yearly |
|
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$300.00 |
|
$50,000 |
|
|
$1,000,000 |
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|
80.00% |
|
|
90.00% |
|
Owner Occupier |
|
|
No set repayments |
|
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No set repayments |
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n/a |
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|
no |
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n/a |
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none |
|
|
yes |
|
|
no |
|
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none |
|
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Unlimited free withdrawals per month. Transact on the loan via ATM, EFTPOS, BPAY, phone / internet banking and Bank@Post. |
|
|
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.
Home Value Loan
5.99% p.a.
5.99% p.a.
$0.00
Home Value Loan
6.09% p.a. variable
6.09% p.a.
Fixed Rate
6.59% p.a.
fixed 3 years
7.06% p.a.
Offset Home Loan (Package)
6.15% p.a. variable
6.40% p.a.
Basic Home Loan (Fixed)
5.99% p.a.
fixed 3 years
6.13% p.a.
Offset Home Loan (Package)
6.15% p.a.
6.40% p.a.
Basic Home Loan
6.15% p.a.
6.17% p.a.
Elevate
6.09% p.a.
6.20% p.a.
Basic Home Loan (Fixed)
5.99% p.a.
fixed 3 years
6.13% p.a.
Fixed Rate Loan (with Orange Advantage)
5.99% p.a.
fixed 3 years
6.12% p.a.
Basic Home Loan (Fixed)
6.09% p.a.
fixed 3 years
6.19% p.a.
Fixed Rate
6.59% p.a.
fixed 3 years
7.06% p.a.
Home Value Loan
6.09% p.a.
6.09% p.a.
$0.00
Offset Home Loan (Package)
6.15% p.a.
6.40% p.a.
$248.00 yearly
Basic Home Loan
6.15% p.a.
6.17% p.a.
$0.00
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.
