HSBC Home Value Loan review - low rate & low fees | Finder

HSBC Home Value Loan

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Get a competitive interest rate, avoid ongoing fees and enjoy repayment flexibility with HSBC's Home Value Loan.

If you’re looking for an owner occupier home loan that comes with a low variable interest rate, limited fees and repayment flexibility then the HSBC Value Home Loan could be for you. It's even available for borrowers with a 10% deposit.

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Expert review

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Review by


Marc Terrano is a lead publisher and growth marketer at Finder. He has previously worked at Finder as a publisher for frequent flyer points and home loans, and as a writer, podcast host and content marketer. Marc has a Bachelor of Communications (Journalism) from the University of Technology Sydney. He’s passionate about creating honest and simple reviews and comparisons to help everyone get value for money.

Expert review

The HSBC Home Value Loan can be used to purchase a residential property. This loan is also an option for borrowers who are looking to refinance, with HSBC's streamlined "Fast and Easy Refinance Process". When the documents are returned from the customer, HSBC intends to have the loan settled on the same day or the next business day.

With this product, you can borrow between $50,000 and $15,000,000. You can take out the home loan with a term up to 30 years and can borrow up to 90% of the property's value.

About this loan

What are the features and benefits of the HSBC Home Value Loan?

  • Extra payments. You can make additional repayments towards your loan without penalty, allowing you to minimise the interest payable over the life of your loan and reduce your loan term.
  • Redraw facility. The redraw facility means that you're able to access any of the extra funds you have deposited towards your home loan. Your first redraw will be free, but subsequent redraws will cost $20 each after this. However, you can make unlimited free redraws online.
  • Portability. The portability feature gives you the flexibility to transfer your home loan in the event that you move property. This means you can save on application and other mortgage fees by maintaining your HSBC Home Value Loan.
  • Flexible repayment schedule. With the HSBC Home Value Loan, you can choose from a weekly, fortnightly or monthly repayment schedule.
  • Split Loan option. This option lets you to split your loan into both variable and fixed rate portions. When you apply for the HSBC Value Loan you get the option of having three splits for free.
  • Customer service. When you apply for the HSBC Home Value Loan, you'll be paired with a personal Relationship Manager who will help you through the entire process and answer any questions that you may have.

What fees and charges come with this loan?

  • Establishment fee $0. HSBC charges an establishment fee to cover the cost of setting up your loan. This fee is currently waived for the Resident Owner Occupier only loan.
  • Loan settlement fee $0. The loan settlement fee covers the administration and legal costs of settling your loan.

HSBC needs to pay for an independent home valuation before you can finalise the loan. This helps HSBC understand the value of the property and helps to determine how much you can borrow and whether mortgage insurance is required.


How to apply

If you believe the HSBC Home Value Loan is right for you, click on the green 'Go to site ' or 'Enquire' button. You will then be redirected to the HSBC website or to a mortgage broker page.

Then you can discuss your eligibility for this loan with a HSBC lending specialist or a qualified mortgage broker.

Required documentation

When you apply for the HSBC Home Value Loan, you'll need to supply the following:

  • Personal details. You'll need to provide your name, date of birth, residency status, current residential address and employment status.
  • Assets and liabilities. HSBC will need you to outline any assets that your currently own (e.g. shares or managed funds), and details about any liabilities you have (e.g. credit cards or a car loan).
  • Income and expenditure. You'll need to provide details of your gross income and your monthly expenses, such as pay slips, tax returns and bank statements.
  • Loan structure and purpose. You'll be required to specify details including the number of loans, loan type, loan term and the interest-only term (if applicable).
  • Security details. HSBC will need information regarding the security property including property type, property ownership and address.

Home Loan Offers

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68 Comments

    Default Gravatar
    michael
    April 9, 2019

    I would like to refinance my home. I do not have a job. I need to clear up my credit cards in doing so.

      Default Gravatar
      Nikki
      April 10, 2019

      Hi Michael,

      Thanks for getting in touch!

      You can check our guide on how you can refinance while unemployed. It is best to speak with a mortgage broker to help you understand your borrowing capacity. They should be able to take your personal circumstance into account and offer you a range of borrowing options.

      Hope this helps!

      With care,
      Nikki

    Default Gravatar
    Applesamy
    January 14, 2019

    Dear Sir/Madam,
    Can I get an appointment to meet one of your home loan personnel to discuss my eligibility.
    Quick update is I am after a loan to purchase a block of land settling soon in next two weeks.
    I need 80% loan only.

    Thanks

      Avatarfinder Customer Care
      John
      January 15, 2019

      Hi Applesamy,

      Thank you for reaching out to Finder.

      If you wish to apply or reach out to HSBC regarding their HSBC Home Value Loan, you may click the “Go to site” button located on this page to be routed to their website.

      If you are looking at comparing home loans, you can use our comparison table to help you find the lender that suits you. Alternatively, you can speak to a mortgage broker who can take your personal circumstance into account and offer you a range of borrowing options. Hope this helps!

      Cheers,
      Reggie

    Default Gravatar
    kel
    November 30, 2018

    I was bankrupt from February 2014-2017. I have been discharged almost two years. would I qualify for a home loan? looking for a loan $220000

      Avatarfinder Customer Care
      John
      December 6, 2018

      Hi Kei,

      Thank you for reaching out to Finder.

      You can usually apply for a home loan so long as all eligibility criteria and requirements are met. Please check on discharged bankruptcy home loans. On the page, you can see some of the Australian lenders specialising in lending to people with troubled credit histories. If you want to find out more about a product, simply click the “Enquire Now” button. When you are ready, press the “Go to site” button to apply.

      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.

      Cheers,
      Reggie

    Default Gravatar
    kai
    November 8, 2018

    I am an Australia PR with overseas (not Australia) income. Previously I did a check with Westpac and they only allow 30% deposit 70% loan although they can lend me up to $1.2m.
    I am looking to get a place Melbourne for around $500K.
    Can I check if they are any home loans that allow 20% deposit instead of 30% for PRs with overseas income? I work for an MNC (oil major) by the way.
    Thanks

      Avatarfinder Customer Care
      Joshua
      November 21, 2018

      Hi Kai,

      Thanks for getting in touch with Finder. I hope all is well with you. :)

      I understand you are looking for a home loan provider that will consider foreign income. According to our guide on how foreign income is treated, “a lender will need to assess your income and earnings capacity before approving your loan application, but each lender has its own approach to foreign income. Most Australian lenders will only accept a certain percentage of your foreign income, which allows a lender to protect itself against factors such as fluctuating exchange rates.” You may want to check with ANZ and HSBC as they have dedicated loans for expatriates or seek help from specialist lenders and mortgage brokers that are much smaller than international banks who can help you get a mortgage.

      I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.

      Have a wonderful day!

      Cheers,
      Joshua

    Default Gravatar
    Rajat
    October 6, 2018

    i am self employed and I have only 1 year of Tax return for ABN (self employed). can I still get home loan with 10% deposit. Thanks

      Avatarfinder Customer Care
      May
      October 8, 2018

      Hi Rajat,

      Thanks for your question.

      Your approval for a home loan with a 10% deposit would depend on the lender’s discretion and whether you also meet other requirements aside from your tax return and income. Another factor that the lender will also consider is your creditworthiness. If you like to check your options for a home loan, please refer to these guides:

      1. A low deposit home loan. This contains a guide to know how small can your deposit be plus lenders that offer as low as a 5% deposit.
      2. A guarantor home loan. It explains how a guarantor home loan works, who can be your guarantor, and the benefits of this type of home loan.
      3. A self-employed borrower. You can find out what does low-doc home loan mean, loans available to a self-employed borrower, etc.

      If you’ve reviewed the guides and considered a lender, please get in touch with the lender directly to discuss your options. Alternatively, you can speak to a mortgage broker who can help you with your borrowing options as they can consider your current situation.

      I hope this has helped.

      Cheers,
      May

    Default Gravatar
    Julieanne
    May 4, 2018

    Hi just wondering I have a $4,000 deposit looking to borrow $235,000 may I qualify for a loan please or do I need more of a deposit please thanks

      Default Gravatar
      Nikki
      May 4, 2018

      Hi Julieanne,

      Thanks for your message and for visiting finder – the leading comparison website & general information service built to give you advice in your buying decision needs. How are you doing today?

      If you believe the HSBC Home Value Loan is right for you, click on the green ‘Go to site ‘ or ‘Enquire’ button. You will then be redirected to the HSBC website or to a mortgage broker page.

      Then you can discuss your eligibility for this loan with a HSBC lending specialist or a qualified mortgage broker.

      Also, you may want to have these documents ready when you apply.

      Personal details. You’ll need to provide your name, date of birth, residency status, current residential address and employment status.
      Assets and liabilities. HSBC will need you to outline any assets that your currently own (e.g. shares or managed funds), and details about any liabilities you have (e.g. credit cards or a car loan).
      Income and expenditure. You’ll need to provide details of your gross income and your monthly expenses.
      Loan structure and purpose. You’ll be required to specify details including the number of loans, loan type, loan term and the interest-only term (if applicable).
      Security details. HSBC will need information regarding the security property including property type, property ownership and address.

      Best of luck!

      Nikki

    Default Gravatar
    Krisztina
    May 21, 2017

    Hi, I was wondering whether you would give home loan (owner occupier) for a home that is 38+7 balcony sqm total 45 sqm one bedroom in Glebe? I would like to refinance 80% of the property loan. Total value is $650 000.

      Avatarfinder Customer Care
      Dee
      May 21, 2017

      Hi Krisztina,

      Thanks for your question.

      The HSBC Home Value Loan is available for refinancing at 80% LVR. However, as we do not represent HSBC, we are unable to assess if your property will qualify.

      Please do check if you meet the eligibility criteria listed above. You may also directly contact HSBC to directly discuss your eligibility.

      Alternatively, you may compare other home refinancing loans. And if you need expert advice on the best option for your situation, you may also get in touch with a mortgage broker to assist you.

      Cheers,
      Anndy

    Default Gravatar
    Vi
    April 24, 2017

    Hi there,

    I am on a 457 visa and would like to apply for a home loan (max 80% LVR). Does HSBC do loans with 457 visa holders? Thanks.

      Avatarfinder Customer Care
      Dee
      April 24, 2017

      Hi Vi,

      Thanks for your question.

      The home loan options being offered to temporary Australian residents are typical mortgage packages that would be available to Australian citizens or permanent residents. The main difference being the cap on the amount you are allowed to borrow and the down payment that is required. Depending on your job circumstances you may be able to qualify for the maximum LVR of HSBC Home Value Loan. You may have to directly get in touch with HSBC to discuss your eligibility.

      Alternatively, you may also compare other home loan products featured on our website. To get assistance in exploring your options, consider speaking to a mortgage broker.

      Cheers,
      Anndy

    Default Gravatar
    gerard
    April 20, 2017

    Can you please provide me with a rate and monthly repayments for a 300k and 400k 3 year interest only loan. I would be providing a 35% cash deposit.

      Avatarfinder Customer Care
      Dee
      April 25, 2017

      Hi Gerard,

      Thanks for your question.

      Unfortunately, we are unable to give a repayment quote for interest only HSBC Home Value Loan. You may have to directly contact HSBC to get a quote.

      Alternatively, you may also compare other interest-only home loans listed on our website.

      Finally, feel free to speak to a mortgage broker who can give you more personalised pieces of advice.

      Cheers,
      Anndy

    Default Gravatar
    David
    November 23, 2016

    I requested for call back for home loan several times. No one called me. Is this is a sign of bad customer service?
    Can you post here an estimate of this situation? I have 20% deposit,will move to the house in 6-12 months time,seeking 300K loan from bank. I would like to know variable rate(with offset account) and also fixed rate(2 years). With this I need to know all the legal costs ie – monthly fee,yearly fee,valuation fees,maintenance fees,etc. I will compare with CBA which they approved for the loan .(Pre Approval)

      Avatarfinder Customer Care
      Harold
      November 23, 2016

      Hello David,

      Thank you for your inquiry.

      Our company, Finder, is a financial comparison website and general information service designed to help consumers to make a better decision. Please note we do not represent any company we feature on our pages.

      For your guide and reference, please check our HSBC Home Loan review.

      Also, if you wish to speak with their customer support please select the “Go to site” button based on the link I provided. Then on their page select the “enquire now” button.

      I hope this information has helped.

      Cheers,
      Harold

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