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HSBC Home Value Loan

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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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

Important Information*

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80 Comments

  1. Default Gravatar
    Simon
    March 23, 2022

    Do you provide owner occupied home loan on family trust name. There is only one trustee of the family trust and it is not a company that is trustee.

    • Avatarfinder Customer Care
      Richard
      March 26, 2022

      Hi Simon,

      At Finder we can help you compare loans but we do not offer the loans ourselves.

      According to HSBC chat support, they may be able to offer home loans to family trusts, however it would be assessed on a case-by-case basis. It would be best to speak with a home loan specialist to confirm whether they may be able to service a loan for your circumstances. Make sure to review their Product Disclosure Statements and Terms & Conditions before applying.

      I hope this helps.

      Kind regards,
      Richard

  2. Default Gravatar
    John
    March 19, 2022

    Hi
    How do I go about discussing my finance needs?

    Regards

    • Avatarfinder Customer Care
      Richard
      March 23, 2022

      Hi John,

      You can find more information about HSBC Home Value Loan on their website. To get in touch with an HSBC Home Loan Expert, please call 1300 694 722.

      Alternatively, you can request assistance from a mortgage broker to get personalised advice regarding your situation. Their services are free, and they can help you find a specialist lender who may be able to help you find a lender to work with.

      Thanks!
      Richard

  3. Default Gravatar
    paul
    March 10, 2022

    when is the cashback offer paid ? and secondly , what conditions are there around this offer?

    • Avatarfinder Customer Care
      Richard
      March 18, 2022

      Hi Paul,

      When you refinance your current home loan to HSBC with a minimum of $250,000 and get approved, you will receive a maximum cashback of $3,288. This will be credited into your HSBC Transaction or Home Loan account within 60 days of settlement.

      You must submit your application for full approval to HSBC by 31 March 2022 and settle by 31 May 2022.

      For more details and to apply, please visit the HSBC Home Value Loan site.

      The terms and conditions of the offer can be found when you scroll down to the bottom of the page.

      I hope this helps!

      Regards,
      Richard

  4. Default Gravatar
    Gina
    February 2, 2022

    I have a home loan with 4 names. I wish to refinance my home loan. How many names can be on a home loan with HSBC?

    • Avatarfinder Customer Care
      Sarah
      February 3, 2022

      Hi Gina,

      There’s no legal limit on how many names can be on a home loan, but every bank and lender has their own policy on this. We don’t track them individually; you can contact HSBC directly to find how many names can can be added on the loan.

      Many thanks,
      Sarah

  5. Default Gravatar
    Another
    December 28, 2021

    HSBC charges $390 per year, why does this say there is $0 ongoing fees?

    • Avatarfinder Customer Care
      Richard
      January 11, 2022

      Hi Allan,

      There is no annual $390 fee on the Home Value loan. HSBC charges this fee if you get a home loan package (bundling other products with the loan). If you don’t get the package, you don’t pay the fee.

      I hope this helps.

      Kind regards,
      Richard

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