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HSBC Variable Home Loan

Advertiser disclosure

The details shown below are for an owner occupier taking out a principal & interest, 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 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 90%

Choose the version of this loan that suits you best

  • Owner Occupier (Principal & Interest, Interest Only)

    LVR < 90%

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

  • Investor (Principal & Interest)

    LVR < 90%

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

  • Investor (Interest Only)

    LVR < 90%

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

Rate
4.51% p.a.
Comparison Rate
4.57% p.a.
Service fee
$0.00
Upfront fee
$870
Rate
5.13% p.a.
Comparison Rate
5.19% p.a.
Service fee
$0.00
Upfront fee
$870
Rate
5.38% p.a.
Comparison Rate
5.29% p.a.
Service fee
$0.00
Upfront fee
$870

Details

Rates and fees information correct as at 19 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
  • 4.51% p.a.

  • n/a

  • n/a

  • n/a

  • 4.57% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

Fees
  • $600.00

  • $0.00

  • $120.00

  • $150.00

  • n/a

  • $0.00

  • $300.00

Other financial bits
  • $50,000

  • $7,500,000

  • none

  • 90.00%

Features
  • Owner Occupier

  • Principal & Interest, Interest Only

  • Weekly, Fortnightly, Monthly

  • yes - free

  • no

  • yes - free

  • $0.00

  • yes

  • yes

  • 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 19 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
  • 5.13% p.a.

  • n/a

  • n/a

  • n/a

  • 5.19% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

Fees
  • $600.00

  • $0.00

  • $120.00

  • $150.00

  • n/a

  • $0.00

  • $300.00

Other financial bits
  • $50,000

  • $7,500,000

  • none

  • 90.00%

Features
  • Investor

  • Principal & Interest

  • Weekly, Fortnightly, Monthly

  • yes - free

  • no

  • yes - free

  • $0.00

  • yes

  • yes

  • 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 19 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
  • 5.38% p.a.

  • n/a

  • n/a

  • n/a

  • 5.29% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

Fees
  • $600.00

  • $0.00

  • $120.00

  • $150.00

  • n/a

  • $0.00

  • $300.00

Other financial bits
  • $50,000

  • $7,500,000

  • none

  • 90.00%

Features
  • Investor

  • Interest Only

  • Weekly, Fortnightly, Monthly

  • yes - free

  • no

  • yes - free

  • $0.00

  • yes

  • yes

  • 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 Variable Home Loan

  • Overall 7/10
    Great interest rates & good for people without PR.

    HSBC was a great option as one of us wasn't a citizen nor permanent resident at the time we applied. They were one of very few providers that allowed this. They've also lowered our variable rate three times in about 15 months, usually passing on RBA rate decisions. Compared to our friends, we have one of the lowest home loan interest rates.

    Read full review

    HSBC was a great option as one of us wasn't a citizen nor permanent resident at the time we applied. They were one of very few providers that allowed this. They've also lowered our variable rate three times in about 15 months, usually passing on RBA rate decisions. Compared to our friends, we have one of the lowest home loan interest rates.

    Price
    9/10
    Features
    5/10
    Customer service
    7/10
    Convenience
    6/10
    Trust
    7/10
    Less
    Pia, Victoria reviewed 2 months ago
  • Overall 7/10
    Good rates, no frills.

    Very competitive rates, but not the best facilities, such as physical locations or online banking.

    Read full review

    Very competitive rates, but not the best facilities, such as physical locations or online banking.

    Price
    8/10
    Features
    6/10
    Customer service
    6/10
    Convenience
    6/10
    Trust
    6/10
    Less
    Cory, Western Australia reviewed 8 months ago
  • Overall 7/10
    Definitely better than the big banks.

    HSBC have one of the lowest rates, however their app and website functionality is limited. Good customer service.

    Read full review

    HSBC have one of the lowest rates, however their app and website functionality is limited. Good customer service.

    Price
    7/10
    Features
    7/10
    Customer service
    8/10
    Convenience
    7/10
    Trust
    6/10
    Less
    Diane, Victoria reviewed 9 months ago
  • Overall 2/10
    Shocking service.

    Recently joined as they were the most competitive option. Customer service is shocking, I was on the phone for an hour and a half to work out if direct debit was set up and when the first payment would be. They were unable to answer my question. I felt it was a reasonably basic request. If they can’t deal with basics I have little hope they can handle anything else.

    Read full review

    Recently joined as they were the most competitive option. Customer service is shocking, I was on the phone for an hour and a half to work out if direct debit was set up and when the first payment would be. They were unable to answer my question. I felt it was a reasonably basic request. If they can’t deal with basics I have little hope they can handle anything else.

    Price
    7/10
    Features
    7/10
    Customer service
    0/10
    Convenience
    3/10
    Trust
    1/10
    Less
    Claire, New South Wales reviewed 12 months ago
  • Overall 10/10
    Great rates, great people so simple to deal with

    I originally banked with Bank of Queensland (BoQ) however after a horrible experience with them I switched to HSBC. Best banking decision of my life. I had banked with BoQ for 23 years, even getting a mortgage with them. After a marriage break up I purchased a new property with my son, however after some consideration I wished to refinance so I could pay him out, however BoQ refused to do so because of my age, 63. I requested for them to put the reasoning in writing and they refused. After this I decided to switch to HSBC and the difference was obvious. They were so easy to deal with, they were extremely straight and honest when talking to me and allowed me to refinance. The best part is that I am now saving about $97 a month just by doing nothing. I want to give a big thank you to HSBC for having faith and seeing that a fit 63 year old man earning decent money is still a worthwhile person. As for BoQ, you have lost all faith from me and I would not recommend you to anyone.

    Read full review

    I originally banked with Bank of Queensland (BoQ) however after a horrible experience with them I switched to HSBC. Best banking decision of my life. I had banked with BoQ for 23 years, even getting a mortgage with them. After a marriage break up I purchased a new property with my son, however after some consideration I wished to refinance so I could pay him out, however BoQ refused to do so because of my age, 63. I requested for them to put the reasoning in writing and they refused. After this I decided to switch to HSBC and the difference was obvious. They were so easy to deal with, they were extremely straight and honest when talking to me and allowed me to refinance. The best part is that I am now saving about $97 a month just by doing nothing. I want to give a big thank you to HSBC for having faith and seeing that a fit 63 year old man earning decent money is still a worthwhile person. As for BoQ, you have lost all faith from me and I would not recommend you to anyone.

    Price
    10/10
    Features
    9/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10
    Less
    Patrick, Queensland reviewed over 1 year ago
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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!

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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.