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HSBC Fixed Rate Home Loan Package
Protect yourself against rising interest rates and enjoy a range of competitive features with a HSBC Fixed Rate Home Loan Package.
If you’re looking for a fixed rate home loan to buy a property or refinance, the HSBC Fixed Rate Home Loan Package combines a competitive, discounted rate with a loan split option and low fees.
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Review by
Richard Whitten
richard.whitten@finder.comRichard Whitten is an editor at Finder, and has been covering home loans and the property market in Australia for the last 4 years. He has written for Yahoo Finance, Money Magazine and Homely, as well as multiple banks and lenders. Richard has a Certificate IV in Finance and Mortgage Broking, a Bachelor of Education from the University of Sydney and a Graduate Certificate in Communication. He enjoys helping people understand the ins and outs of mortgages so they can make smarter property decisions. Richard trained as a high school teacher but found it easier to manage personal finances than a classroom full of kids. Before joining Finder, he edited textbooks and taught English in South Korea.
Expert review
The HSBC Fixed Rate Home Loan Package is available to both owner-occupier home buyers and property investors. You can lock in a competitive fixed interest rate on the loan for a period of one, two, three, four or five years, providing financial protection against future interest rate rises. Package customers can get discounted interest rates and avoid paying multiple fees in exchange for a single annual package fee.
About this loan
What are the features and benefits of the HSBC Fixed Rate Home Loan Package?
- Competitive fixed rate. The HSBC Fixed Rate Home Loan Package offers the security and peace of mind of a fixed interest rate, allowing you to plan your budget to manage consistent repayment amounts.
- Loan split option. If you'd like to also take advantage of a variable interest rate and some of the features offered by other HSBC home loans, a loan split option is available.
- Repayment frequency. The HSBC Fixed Rate Home Loan Package allows repayments on a weekly, fortnightly or monthly basis, whichever is more suitable for your financial situation.
- Interest rate discount. This loan offers interest rates with discounted rates built in as part of the package.
What fees and charges come with this loan?
- Package fee. $390. This fee is charged annually as part of the home loan package. By paying this you avoid paying several other loan fees, including establishment, valuation and settlement fees.
- Discharge administration fee: $300. This fee is charged when you finish the mortgage, either by paying it off or by refinancing.
How to apply
If the HSBC Fixed Rate Home Loan Package sounds like the right loan for you, review the eligibility criteria above and then click the button at the top right-hand side of this page. This will allow you to contact HSBC directly or reach out to a mortgage broker to discuss your lending needs.
To apply for this loan, you'll need to provide:
- Your personal details. Supply your full name, email address and phone number, plus specify your preferred method of contact.
- HSBC customer details. You will need to specify whether or not you are already an HSBC customer.
- Loan details. Select the home loan you would like to find out more information about.
- Further information. In the additional information section, provide any extra details about your inquiry, for example the amount of money you want to borrow and the purpose of the loan.
If you want the security of a fixed interest rate, the HSBC Fixed Rate Home Loan Package has plenty of useful features. Before you decide whether or not it's the right loan for you, see how those features stack up against other fixed rate home loans available on the market.
Home Loan Offers
Important Information*10 Comments
December 5, 2021
Hello, I’m wondering if the $3000 cash back is available with a fixed loan? I can’t seem to find details about the cash back offer.
Thanks
December 7, 2021
Hi Alysha,
Yes, the cashback is available on fixed and variable loans. The offer excludes construction loans, bridging loans and principal increases, non-residents, and non-natural persons (such as trusts and companies).
To be eligible for the $3,288 refinance cash back, you must submit your new home loan applications for full approval between 15 February 2021 and 31 December 2021 and settle by 28 February 2022, and have refinanced from a financial institution other than HSBC Bank Australia.
I hope this helps.
Regards,
Richard
November 12, 2021
hi
when applying for a loan do you need the last 2yrs of tax returns?
November 17, 2021
Hi Susie,
Lenders typically need your last 2 years of tax returns if you are a self-employed borrower. If you earn a salary from a job (PAYG income) then lenders can look at your bank statements and recent pay slips instead.
Depending on the lender and your financial situation, you might also be asked for additional paperwork.
I hope this helps!
Regards,
Richard
September 17, 2021
Do they offer 25 tear loan terms? Are there any conditions?
September 22, 2021
Hi Nadia,
While most borrowers choose a 30-year term on their home loan, this is flexible. You can usually get the same loan with a 25-year term. This means that your monthly repayments will be higher but you repay the loan faster (compared to a 30-year loan term). This means you pay less interest overall.
I hope this helps!
Cheers,
Richard
September 17, 2021
Hi, I am Andy retiree 64 years old with income + rent= $ 100000. I have home loan $800000.
Can I refinance my loan?. Have ages affected loan borrow?.Thx
September 22, 2021
Hi Andy,
Generally, mortgage lenders can’t deny your application to buy or refinance a property because of your age, as long as you can prove that you can afford to pay the monthly refinancing payments and you have a solid credit score, you may be eliglbe.
But lenders may be stricter on your application, and may ask for an exit strategy (a detailed plan of how you will be able to repay the loan).
I hope this helps!
Cheers,
Richard
April 3, 2018
Who can give loans up to 90%
Savings 60k & Property for live in ( new) 630K.
100K ( before tax) total income and 2 kids.
April 3, 2018
Hi Nij,
Thanks for reaching out.
You may compare lenders that allow 95% LVR or a 5% deposit. It’s important to note that these loans will often incur Lender’s Mortgage Insurance (LMI) costs. Please use our comparison table to help you find the lender that suits you. When you are ready, you may then click on the “Go to site” button and you will be redirected to the lender’s website where you can proceed with the application or get in touch with their representatives for further inquiries you may have.
Before applying, please ensure that you meet all the eligibility criteria and read through the details of the needed requirements as well as the relevant Product Disclosure Statements/Terms and Conditions when comparing your options before making a decision on whether it is right for you. You can also contact the provider if you have specific questions. Alternatively, you can speak to a mortgage broker who can take your personal circumstance into account and offer you a range of borrowing options.
Cheers,
Joanne