HSBC Fixed Rate Home Loan Review

Rates and Fees verified correct on December 8th, 2016

A fixed rate can safeguard you against rate rises in that period.

Locking in your interest rate on a home loan gives you surety and a competitive rates. If you don’t like uncertainty, then this loan can help you take some short term uncertainty off the table. This loan could be for you. After the fixed interest period, the loan will revert to the HSBC standard variable rate loan.

Interest Rate Max Insured LVR Max LVR
1 Year Fixed Rate (Investors)
4.79% p.a.
Comparison Rate
5.49% p.a.
90% 80%
1 Year Fixed Rate (Owner Occupier)
3.85% p.a.
Comparison Rate
5.16% p.a.
90% 80%
2 Year Fixed Rate (Owner Occupier)
3.85% p.a.
Comparison Rate
5.03% p.a.
90% 80%
2 Year Fixed Rate (Investors)
4.79% p.a.
Comparison Rate
5.43% p.a.
90% 80%
3 Year Fixed Rate (Owner Occupier)
3.99% p.a.
Comparison Rate
4.96% p.a.
90% 80%
3 Year Fixed Rate (Investors)
4.79% p.a.
Comparison Rate
5.37% p.a.
90% 80%
4 Year Fixed Rate (Investors)
4.79% p.a.
Comparison Rate
5.31% p.a.
90% 80%
4 Year Fixed Rate (Owner Occupier)
4.49% p.a.
Comparison Rate
5.04% p.a.
90% 80%
5 Year Fixed Rate (Owner Occupier)
4.59% p.a.
Comparison Rate
5.02% p.a.
90% 80%
5 Year Fixed Rate (Investors)
4.79% p.a.
Comparison Rate
5.26% p.a.
90% 80%
Product NameHSBC Fixed Rate Home Loan
Interest Rate TypeFixed
Comp Rate^ (p.a.)
Minimum Loan Amount$50,000
Maximum Loan Amount$7,500,000
Minimum Loan Term1 year
Maximum Loan Term30 years
Maximum LVR80%
Maximum Insured LVR90%
Mortgage Offset AccountNo
Loan Redraw FacilityNo
Split Loan FacilityYes
Loan PortableYes
Suitable for InvestmentYes
Extra RepaymentYes
Repayment TypePrincipal & Interest and Interest Only Options
Application Fee$600
Lender's Legal Fee$0
Valuation Fee$0
Ongoing Fees$0 p.a.
Settlement Fee$150
Discharge Fee$300

Pros

  • $0 ongoing fees.
  • Ability to split the loan with variable or take the loan with you if you move.
  • Extra repayments up to $10,00 per year allowed without incurring break costs.

Cons

  • $600 application fee.
  • $150 settlement fee for setting up the home loan accounts.
  • $300 discharge fee for closing the home loan accounts.

Who might the HSBC Fixed Rate Home Loan be suitable for

Owner occupiers and investors can both take out this home loan for their next property purchase when they have a loan value between $50,000 and $7,500,000 for a period up to 30 years.

If you are wanting to fix you interest for a period of one to five years this loan is suitable for you and you can also opt to pay off the loan in principal and interest repayments for the life of the loan or interest only repayments monthly for a period of up to five years.

Features of your HSBC Fixed Rate Home Loan

HSBC offers a good range of features and options on their fixed rate home loan. They also have a number of terms and interest rates to choose from:

  • Repayment frequency. Three payment frequency options of monthly, weekly or fortnightly repayments are available. Having such a range of repayments frequencies means that you are sure to be able to find one that suits you and your financial situation.
  • Loan split. Splitting a home loan is a great way to take advantage of other features that are not available on this home loan. Just because you'd like to have security from interest rate rises doesn't mean that you have to miss out completely on the flexibility of a variable home loan.
  • Extra repayments. You will not be charged any fees for making extra repayments on your HSBC Fixed Rate Home Loan up to the amount of $10,000.
  • Loan portability. If you choose to sell up and move during the term of your home loan you can take your loan with you without having to pay the upfront fees all over again, however there may be some fees payable for valuation of the new property.

Fees

This loan doesn't charge any ongoing fees however below are some of the fees that you will incur with this loan:

  • Application fee: $600. This covers the cost of applying for this loan.
  • Settlement fee: $150. This is charged to cover the cost of setting up your home loan accounts.
  • Discharge fee: $300. This is charged when you close your home loan accounts whether that is through a payout or refinancing.
  • Switching administration fee: $200. This is a fee charged if you choose to switch your loan from a fixed rate to a variable.

Bundle discounts

Interest rate discounts are available for customers who package other HSBC products with their HSBC Fixed Rate Home Loan.


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HSBC Fixed Rate Home Loan Review Interest Rate History vs RBA Cash Rate Graph


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This page was last modified on 18 May 2016 at 22:11.

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16 Responses to HSBC Fixed Rate Home Loan Review

  1. Default Gravatar
    p | October 19, 2015

    Hi I’m earning $52,000 per year and looking for land and house of $500,000 and my deposit is 20 percent. My partner gets benefits of $1400 per month Centrelink and I have 2 kids – how much loan can I expect?

    • Staff
      Marc | October 19, 2015

      Hi P,
      thanks for the question.

      Unfortunately, we’re not able to answer this question on HSBC’s behalf. For more information about what they would offer you, please click the ‘Go to Site’ button on this page and you can start a discussion with them.

      Cheers,
      Marc.

  2. Default Gravatar
    Atul | May 27, 2015

    I have taken a loan from CBA in 2011 interest only on 95 % LVR and paid LMI on it. If I refinance with HSBC, do i need to pay LMI again? My interest only period is finishing in November. Will my loan be transferred keeping all other factors like “remaining time of loan” same?

    • Staff
      Marc | May 29, 2015

      Hi Atul,
      thanks for the question.

      Unfortunately, if your LVR is still above 80%, you will be required to pay LMI again. Keep in mind that in some cases, if you call your existing LMI provider, you might be eligible for a refund of some of these funds.

      In terms of the remaining time left to pay your loan, this can be requested from you during your refinance.

      I hope this helps,
      Marc.

  3. Default Gravatar
    shady | May 27, 2015

    Can I get this offer if I only paid 85% ?

    • Staff
      Marc | May 29, 2015

      Hi Shady,
      thanks for the question.

      This offer is available for LVRs up to 90%, meaning if you have an LVR lower than this you’re eligible.

      I hope this helps,
      Marc.

  4. Default Gravatar
    Rejoy | May 25, 2015

    I am looking at refinancing 6 home loans by around November – December 2015. The total amount will be approximately $1,980,000.00 and the LVR is approx 75%. What are the fees and charges for the premier loan. Could you please give some details. some of the properties will be put up as collateral securities, it will be like two separate bundles, of 2 and 4 properties. We are looking 3 year fixed term for 5 loans and a mix of fix and variable for the house we live in.
    Thanks you

    • Staff
      Belinda | May 29, 2015

      Hi Rejoy,

      Thanks for your enquiry.

      finder.com.au is an online comparison service and we cannot provide you with financial advice regarding your situation.

      You can view some of the fees of the HSBC Premier Fixed Rate home loan under the ‘fees’ tab on this page. For further information regarding their fees, please contact HSBC directly.

      Thanks,
      Belinda

  5. Default Gravatar
    Jeremy | May 11, 2015

    Hey there,
    I Already own my own home in nsw and am living in wa and am looking at buying another property.my mortgage is 440,000 and the value is 590,000.how much money do I need to save for another deposit for a house if I’m looking at one At 479,000 in wa?

    Thanks look forward to your reply
    Jeremy

    • Staff
      Belinda | May 27, 2015

      Hi Jeremy,

      Thanks for your enquiry.

      For the HSBC Premier Fixed Rate home loan, they offer a maximum LVR of 80%. If you’re looking to purchase a property valued at $479 000, you’ll need to come up with a 20% deposit of at least $95 800.

      I hope this helps.

      Thanks,
      Belinda

  6. Default Gravatar
    Garry | May 5, 2015

    I live in a house and have a mortgage of about $120,000 the house is worth about $630000 to $ 670000 as it stands on the full block , i have obtained a planning permit to build a unit in the rear of the building , this i figure would cost about 250000 all up , im on a pension , but still do some work for myself , but my income figures look ordinary on paper , i have had my own company for about 20 years , my idea is to build the town house move into that and sell the house at the front, i think it would be worth $525000- $560000 with the reduced sized block, im not sure , i need the finance to build the townhouse , your feedback would be appreciated

    • Staff
      Belinda | May 27, 2015

      Hi Garry,

      Thanks for reaching out.

      I’ve sent you an email to follow up with your enquiry.

      Regards,
      Belinda

  7. Default Gravatar
    John | April 23, 2015

    Hi

    I have heard through a friend that HSBC except Guarantors from the UK is this correct? we would like to buy the property we live in but do not have a deposit but my parents in England own 4 – 5 properties and willing to be guarantors….I was made to believe this is possible as HSBC is a international bank?

    kind regards

    John

    • Staff
      Jodie | May 8, 2015

      Hi John,

      Thank you for reaching out, we have followed up via email to your enquiry.

      Regards
      Jodie

  8. Default Gravatar
    Trish | April 21, 2015

    What is hsbc’s LVR for 43 hectares rural/residential land loan

    • Staff
      Jodie | April 29, 2015

      Hi Trish,

      Thank you for contacting finder.com.au.

      I have sent through an email in response to your query.

      Regards
      Jodie

HSBC Fixed Rate Home Loan

  • Interest Rate

    N/A

  • Comparison Rate

    N/A

  • App Fee / Annual Service Fee

    $600 / $0

  • Max LVR

    80%

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