HSBC Home Equity Loan (Premier)

The details shown below are for an owner occupier taking out a no set repayments loan between $50,000 and $1,000,000 with an LVR below 80%

The details shown below are for an investor taking out a no set repayments loan between $50,000 and $1,000,000 with an LVR below 90%

Choose the version of loan that suits you best

  • Owner Occupier (No set repayments)

    LVR < 80%

    Loan: $50,000 $1,000,000

  • Investor (No set repayments)

    LVR < 90%

    Loan: $50,000 $1,000,000

4.19% p.a.

n/a

$35.00 monthly

HSBC Home Equity Loan (Premier)

4.19% p.a.

n/a

$35.00 monthly

5.65% p.a.

n/a

$35.00 monthly

HSBC Home Equity Loan (Premier)

5.65% p.a.

n/a

$35.00 monthly

Mozo Review   HSBC Home Equity Loan (Premier) Review

Last updated: 2 August 2018.

What's hot:
  • 4.66% low variable rate

  • No application fee

  • Available to borrowers looking for a line of credit with 20% equity

What's not:
  • $35 monthly service fee

Mozo snapshot:

The Home Equity loan (Premier) from HSBC has a low rate of 4.66% 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.

Key features:

With the HSBC Home Equity Loan, borrowers can set up a line of credit facility starting from just $50k, however it is only available if you’re an owner occupier with an LVR up to 80% (or at least 20% equity in your home). 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 (Premier) 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.

Who it's good for:

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.

 

Any catches?

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. 

Details

Rates and fees information correct as at 17 November 2018. 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
  • 4.19% p.a.

  • n/a

  • 0 Months

  • none

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

Fees
  • $300.00

  • $0.00

  • $0.00

  • $150.00

  • none

  • $35.00 monthly

  • $300.00

Other financial bits
  • $50,000

  • $1,000,000

  • none

  • 80.00%

Features
  • Owner Occupier

  • No set repayments

  • No set repayments

  • n/a

  • no

  • n/a

  • none

  • yes

  • no

  • none

  • Unlimited free withdrawals per month. Transact on the loan via ATM, EFTPOS, BPAY, phone / internet banking and Bank@Post.

*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 17 November 2018. 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
  • 5.65% p.a.

  • n/a

  • 0 Months

  • none

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

Fees
  • $300.00

  • $0.00

  • $120.00

  • $150.00

  • none

  • $35.00 monthly

  • $300.00

Other financial bits
  • $50,000

  • $1,000,000

  • none

  • 90.00%

Features
  • Investor

  • No set repayments

  • No set repayments

  • n/a

  • no

  • n/a

  • none

  • yes

  • no

  • none

  • Unlimited free withdrawals per month. Transact on the loan via ATM, EFTPOS, BPAY, phone / internet banking and Bank@Post.

*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 customer rating
7.0/10

Based on 109 HSBC home loan reviews

Price
6.7/10
Features
6.6/10
Customer service
7.1/10
Convenience
6.3/10
Trust
7.2/10
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.