HSBC

HSBC home loans

HSBC home loan rates start from 1.88%.

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HSBC is a global bank offering home loans and other financial services in Australia. HSBC has fixed and variable rate loans, including full-featured package loans. Check out the full table of HSBC products below or read more about the lender and its loans.

Compare HSBC home loans for January 2022

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$
years
Name Product Interest Rate (p.a.) Comp. Rate (p.a.) Fees Monthly Payment

HSBC Home Value Loan P&IHome≥ 30% Deposit

HSBC Home Value Loan
1.97%
1.98%
  • App: $0
  • Ongoing: $0 p.a.
$554
$3,288 refinance cashback offer
This competitive variable rate loan is available for borrowers with 30% deposits. Eligible refinancers borrowing $250,000 or more can get a $3,288 cashback. Terms and conditions apply.

HSBC Home Value Loan P&IHome≥ 10% Deposit

HSBC Home Value Loan
2.27%
2.28%
  • App: $0
  • Ongoing: $0 p.a.
$577
$3,288 refinance cashback offer
A competitive value home loan with no ongoing fee. Eligible refinancers borrowing $250,000 or more can get a $3,288 cashback. Terms and conditions apply.

HSBC Home Value Loan P&IInvestment≥ 30% Deposit

HSBC Home Value Loan
2.27%
2.28%
  • App: $0
  • Ongoing: $0 p.a.
$577
$3,288 refinance cashback offer
This variable rate loan is available for property investors with 30% deposits. This loan has very few fees. Eligible refinancers borrowing $250,000 or more can get a $3,288 cashback. Terms and conditions apply.

HSBC Fixed Rate Home Loan Package P&IHome 2Y Fixed≥ 20% Deposit

HSBC Fixed Rate Home Loan Package
1.88%
2.65%
  • App: $0
  • Ongoing: $390 p.a.
$547
$3,288 refinance cashback offer
Lock in a low fixed rate for 2 years and buy your home with a 20% deposit.Eligible refinancers borrowing $250,000 or more can get a $3,288 cashback. Terms and conditions apply.

HSBC Fixed Rate Home Loan P&IInvestment 1Y Fixed≥ 20% Deposit

HSBC Fixed Rate Home Loan
2.49%
3.43%
  • App: $600
  • Ongoing: $0 p.a.
$594
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HSBC key facts

  • HSBC has online banking support and some branch coverage in major cities, but branch coverage is not as extensive as the Big Four or some local competitors.
  • You need at least a 10% deposit to qualify for most HSBC home loans. Many require a 20% deposit or, in some cases, even higher.
  • HSBC also offers personal loans, credit cards, savings accounts, insurance products and other banking services.

Review by our senior home loans writer Richard Whitten

HSBC mortgage features

Here are the key features and details you need to know about HSBC's mortgage products.

FeatureDetails
Minimum depositMany HSBC loans have 90% maximum LVRs. This means you can get the loan with a 10% deposit, but many others require a 20% deposit.
Offset account?Some HSBC loans come with 100% offset accounts, but not all of them do, so check carefully before applying.
FeesWhile HSBC's package loans come with a standard annual fee, many HSBC loans have very minimal fees.
Repayment optionsBoth HSBC's fixed and variable rate loans allow you to make interest-only repayments for a limited period. The lender also offers the standard principal-and-interest repayments on its loans.
Split rateMost HSBC mortgages allow you to split your loan into fixed and variable portions.

How do I apply for an HSBC mortgage?

When applying for any home loan, you will need various documents to establish your identity, financial situation, employment status and details about the property.

Eligibility

Each HSBC product has specific eligibility criteria, but the following will apply to all products:

  • Age. You must be over 18 years of age.
  • Residency. You should be a resident of Australia.
  • Employment. You should have a regular source of income.

Documents required

When you apply for a mortgage with HSBC, you are required to provide certain information, so make sure you have all your documents ready before you apply. You will be expected to provide the following documents:

📄 Property details: You can start a loan enquiry before you've bought a property, but to complete an application, you need the address of the property and a signed contract of sale.

📄 Identification documents. You will need identification such as a driver's licence, passport or birth certificate.

📄 Proof of income documents. Recent payslips can establish your income.

📄 Asset and liability documents. You need to provide documents showing your current assets (savings accounts and investments) and liabilities (your outstanding debt).

How to apply for a home loan

Lenders like HSBC

There are a few international finance groups operating in Australia that are comparable to HSBC. You may also want to consider home loans from a large local bank or an online lender.

  • Citibank. Citigroup is an international bank that has been operating in Australia for decades and offers home loans.
  • ING. This online bank is part of the global, Dutch-based financial group of the same name.

More home loan questions

More guides on Finder

  • HSBC Fixed Rate Home Loan Package

    HSBC Fixed Rate Package loan comes with discounts off the lender's standard interest rates as well as some of the fees and charges.

  • HSBC Variable Rate Home loan

    The variable interest rate home loan is a popular option with Australian home buyers and the HSBC variable rate home loan has a range of competitive features which could suit your needs.

  • HSBC Fixed Rate Home Loan Review

    HSBC offers a good range of features and options on their fixed rate home loan.

  • HSBC Home Value Loan

    This HSBC home loan gives you flexibility, a low rate and minimal fees. You can get it with a 10% deposit.

Home Loan Offers

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