HSBC Home Value Loan

Rates and fees last updated on Tuesday 16 October 2018

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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.

  • For a limited time HSBC is waiving its $600 establishment fee, and valuation and settlement fees for the Resident Owner Occupier Only rate. Other loans may still come with these fees.
  • 10% deposit option You can borrow 90% of the property's value, but you will need to pay lender's mortgage insurance.
  • Flexible repayment schedule With the HSBC Home Value Loan, you can choose from a weekly, fortnightly or monthly repayment schedule.
  • 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.
  • There are $0 ongoing monthly fees to pay.
  • You can make extra payments at any time without penalty.
  • You can withdraw extra funds from your mortgage via the redraw facility (minimum redraw amount is $500).

  • A discharge fee of $300 applies when you close your home loan account.
  • Application Fee $0
  • Lender's Legal Fee $150
  • Ongoing Fees $0 p.a.
  • Settlement Fee $150
  • Discharge Fee $300
  • Clicking Go to site will take you to the lender's website.

    After completing the contact form, a mortgage expert will contact you.

    The mortgage expert will ensure you find the right loan, calculate your repayments, and explains all the associated fees.

    After going through the enquiry process you will be able to know how much you can borrow, begin your application when you are ready to apply and be approved for a home loan.

    When you apply for the HSBC Home Value Loan you'll need to supply the following: personal details such as date of birth, residency status, current residential address and employment status; information about your current assets and debts; income and expenditure details.

    Product Details

    Product Name HSBC Home Value Loan
    Interest Rate Type Variable
    Comp Rate^ (p.a.)
    Minimum Loan Amount $50,000
    Maximum Loan Amount $7,500,000
    Minimum Loan Term 1 year
    Maximum Loan Term 30 years
    Maximum LVR 80%
    Maximum Insured LVR 90%
    Mortgage Offset Account No
    Mortgage 100% Offset No
    Loan Redraw Facility Yes
    Split Loan Facility Yes
    Fixed Interest Option No
    Loan Portable Yes
    Suitable for Investment Yes
    Extra Repayment Yes
    Available as equity loan/line of credit No
    Repayment Type Principal & Interest

    What do I need to know about this loan?

    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 $7,500,000. 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.

    Be mindful that if you borrow more than 80% you will have to pay lenders mortgage insurance (LMI).

    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. You'll have to redraw a minimum of $500.
    • 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 $150. 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 do I apply for this loan?

    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*
    UBank UHomeLoan Variable Rate - Discount offer for Owner Occupiers, P&I Borrowing over $200,000

    Take advantage of a low-fee mortgage with a special interest rate of just 3.59% p.a. and a 3.59% p.a. comparison rate.

    loans.com.au Essentials - Variable (Owner Occupier, P&I)

    A competitive interest rate home loan with interest only options. Interest rate 3.64% p.a.
    comp rate of 3.66% p.a.

    Tic:Toc Live in Loan Variable Rate - Principal & Interest

    Get a very low interest rate and pay fewer fees. Enjoy a fast online application process and add a 100% offset account for $10 a month.

    HSBC Home Value Loan - (Owner Occupier P&I)

    Get a low interest rate loan with no ongoing fees. Plus you can make extra repayments and free redraw online. Available with just a 10% deposit.

    Ask an Expert

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    62 Responses

    1. Default Gravatar
      RajatOctober 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

      • finder Customer Care
        MayOctober 8, 2018Staff

        Hi Rajat,

        Thanks for your question.

        Your approval for a home loan with 10% deposit would depend on the lender’s discretion and whether you also meet other requirements aside from your tax return and income. Other factors 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. Low Deposit Home Loans – Contains a guide to know how small can your deposit be plus lenders that offer as low as 5% deposit.
        2. Guarantor Home Loan – It explains how guarantor home loan works, who can be your guarantor and the benefits of this type of home loan.
        3. Self Employed Borrowers – 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 it 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

    2. Default Gravatar
      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

      • finder Customer Care
        NikkiMay 4, 2018Staff

        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

    3. Default Gravatar
      DavidApril 23, 2018

      Is this home loan a off set home loan?

      • Default Gravatar
        ArnoldApril 24, 2018

        Hi David,

        Thanks for your inquiry

        Yes, adding an offset account to the HSBC Home Value Loan is possible. If you want to check options for offset account on our site, please feel free to check and compare them by clicking on this page.

        Hope this information helps

        Cheers,
        Arnold

    4. Default Gravatar
      KrisztinaMay 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.

      • finder Customer Care
        LouMay 21, 2017Staff

        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 on this page. 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

    5. Default Gravatar
      ViApril 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.

      • finder Customer Care
        LouApril 24, 2017Staff

        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 on this page.

        Cheers,
        Anndy

    6. Default Gravatar
      gerardApril 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.

      • finder Customer Care
        LouApril 25, 2017Staff

        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 here.

        Cheers,
        Anndy

    7. Default Gravatar
      DavidNovember 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)

      • finder Customer Care
        HaroldNovember 23, 2016Staff

        Hello David,

        Thank you for your inquiry.

        Our company finder.com.au 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 HSBC Home Loan you may want to check this page for your guide and reference. Also, if you wish to speak with their customer support please click the “go to site” button based on the link I provided. Then at their page click the “enquire now” button.

        I hope this information has helped.

        Cheers,
        Harold

    8. Default Gravatar
      DonNovember 20, 2016

      We have an existing home loan and we would like to re-finance to get a better rate and pay off the loan at a faster rate-$140.000.00

      • finder Customer Care
        LouNovember 21, 2016Staff

        Hi Don,

        Thanks for reaching out.

        If you are looking for a home refinancing loan, you can compare your options here.

        If you aren’t sure which loan option is more suitable for your needs, a mortgage broker may be able to help.

        Cheers,
        Anndy

    9. Default Gravatar
      JaneNovember 16, 2016

      I am looking to refinance. For this 3.55% loan product, will the LMI requirement to borrow 90% be waived if the borrower is a dentist?

      • finder Customer Care
        LouNovember 16, 2016Staff

        Hi Jane,

        Thanks for your question.

        Normally, lenders have a separate department dedicated to home loans for ‘professionals’ including dentists. Lenders see the dental industry as very stable, so they’ll offer loans to dentists which have some extra benefits for borrowers such as waived LMI premiums up to a certain Loan to Value Ratio (LVR).

        I suggest that you directly get in touch with the lender you are interested in and enquire about this benefit.

        Cheers,
        Anndy

    10. Default Gravatar
      November 8, 2016

      Hi im looking to refinance. Is 3.55% continuous variable rate or just a introductory fixed rate?
      Is there any fees to split my home loan into 6 accounts?
      Thanks

      • finder Customer Care
        HaroldNovember 8, 2016Staff

        Hello Jack,

        Thank you for your question.

        1. Is 3.55% continuous variable rate or just a introductory fixed rate?
        – Actually, the interest rate type for this product is variable.

        2. Is there any fees to split my home loan into 6 accounts?
        – This option will let you to split your loan into both variable and fixed rate portions. However, you may need to check with HSBC regarding how many accounts you are allowed to split.

        I hope that helps.

        Cheers,
        Harold

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