We’re reader-supported and may be paid when you visit links to partner sites. We don’t compare all products in the market, but we’re working on it!


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.
  • Loan settlement fee $0. The loan settlement fee covers the administration and legal costs of settling your loan. This fee is currently waived for the Resident Owner Occupier only 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.

Ask an expert

To ask a question simply log in via your email or create an account.

You are about to post a question on finder.com.au:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use, Disclaimer & Privacy Policy and 6. Finder Group Privacy & Cookies Policy.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.


    Default Gravatar
    October 16, 2023

    The variable refinance interest rate is shown as 5.74%. Is this correct? Also, what are the fees and charges associated with this loan? Thank you .David

      October 26, 2023

      Hi David, the interest rate changes frequently and depends on many specifics such as loan type (owner occupier or investment? Interest only or P&I?) As of today’s date, the rate list for an owner occupier P&I loan at 60%LVR is 5.74%; at 70% LVR or less is 5.79%; and at 80% is 5.84%.

      Fees are listed in the “Fees” tab, and they vary depending on the type of loan you choose.

      Hope this helps!

    Default Gravatar
    April 25, 2023

    Hi Finder team,

    I’m wondering if someone could help me understand how the variable interest rate are calculated if there’s no offset account.

    Actually, I was told by HSBC that if I deposit all my savings in my loan account the outstanding balance will come down, and monthly interest will be charged on the outstanding balance. Also, there will be no limit on depositing extra funds, and I can rewards funds anytime.

    However, after settling down my loan the first month’s interest has been charged on the total loan amount of 250k, despite the fact I had already deposited more than 55k in my loan account and outstanding balance is now 195k.

    So my question is what’s the point of depositing extra funds if the interest will always be calculated on the actual signed up loan amount ? Also, is it that normal for banks to differ from their verbal statements once the loan has been settled ?

    Thanks in advance!

      April 25, 2023

      Hi Sharez,

      We’re not licenced to provided financial advice, so you’ll need to talk to your bank about your specific situation.

      However, we can give you general information about how it works.

      With an offset account, any savings “offset” the amount of interest you pay and instead, that payment goes towards the principal

      Eg you have a loan of $250,000 and your repayment is $1600 a month. The interest payable is 5%, or $1041 per month. This means of your repayment, $1041 goes to interest and the remaining $559 goes towards repaying the $250k balance.

      With an offset balance of $55,000, your interest for the month is reduced to just $813. You still make a payment of $1600 for the month, however $813 goes to interest, and the remaining $787 goes towards repaying the $250k balance.

      This way, with an offset account, you pay less interest and repay the outstanding debt faster. However the repayments say the same every week/month.

      If you have paid these funds directly into your loan account rather than the offset account, the same calculations apply. Either way, the repayments are the same, but MORE of your repayment goes towards the principal rather than interest.

      Hope this helps!

    Default Gravatar
    December 7, 2022

    My existing loan is up soon and i need to refinance. Its an investment property, over $250k, with over 40% equity, and I was wondering what rates I can obtain and do I qualify for the cashback offer? Thank you

      December 20, 2022

      Hi Ron,

      The interest rate that will be assigned will depend on several factors such as credit history, income, etc. You may use HSBC’s Home Loan Borrowing Power Calculator to have an idea.

      To qualify for the cashback, you need to meet the following criteria:

      Submit your new home loan applications for full approval between 15 February 2021 and 28 February 2023
      Settle the loan by 30 April 2023 and have it refinanced from a financial institution other than HSBC Bank Australia


    Default Gravatar
    November 14, 2022

    Is 4.09% the current variable rate as at 14/11/22, which takes into account all of the recent rate rises or is the rate a few months behind and more like 4.84%?


      November 22, 2022

      Hi Tanya,

      HSBC’s Home Value Featured Rate of 4.09% was a promotional offer based on an Owner Occupier Interest Rate (Principal and Interest) before the latest rate increase. The bank has now increased the interest rate, but a promotional offer is still available. The interest rate you will pay depends on how much of a deposit you have.


    Default Gravatar
    November 2, 2022

    I have a mortgage broker, can they apply on my behalf for this HSBC loan option with cash back (we do meet criteria) ?

      November 11, 2022

      Hi Kerry,

      Your mortgage broker will be able to act on your behalf to arrange your home loan application.


Go to site