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HSBC Home Value Loan

Marc Terrano
Marc Terrano
Last updated:  

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

Marc Terrano

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*
Logo for Westpac Flexi First Option Home Loan - Basic Variable Rate (Owner Occupier, P&I)
Westpac Flexi First Option Home Loan - Basic Variable Rate (Owner Occupier, P&I)

Up to $3,000 refinance cashback. A flexible and competitive variable rate loan. Eligible borrowers refinancing $250,000 or more can get $2,000 cashback per property plus a bonus $1,000 for their first application. Other conditions apply.

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Logo for St.George Basic Home Loan - LVR 60% to 80% (Owner Occupier, P&I)
St.George Basic Home Loan - LVR 60% to 80% (Owner Occupier, P&I)

Up to $4,000 refinance cashback. With this competitive variable rate loan from St.George, refinancers borrowing $250,000+ can get up $4,000 cashback and borrow up to 90% of the property's value. (Terms, conditions & exclusions apply).

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Logo for Athena Liberate Home Loan - 70% to 80% LVR Owner Occupier, P&I
Athena Liberate Home Loan - 70% to 80% LVR Owner Occupier, P&I

A competitive variable rate mortgage for owner occupiers $0 application and $0 ongoing fees. This interest rate falls over time as you pay off the loan.

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Logo for Suncorp Back to Basics Home Loan - Better Together Special Offer $150k+ LVR ≤ 80% (Owner Occupier, P&I)
Suncorp Back to Basics Home Loan - Better Together Special Offer $150k+ LVR ≤ 80% (Owner Occupier, P&I)

Get a competitive variable interest rate with no application fee or ongoing fees.

More info

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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.

    Reply
      Default Gravatar
      Nikki
      April 10, 2019

      Hi Michael,

      Thanks for getting in touch! Here is our page that will guide you on how you can refinance your home while you are unemployed. As a friendly reminder, review the eligibility criteria of the loan before applying to increase your chances of approval. Read up on the terms and conditions and product disclosure statement and contact the bank should you need any clarifications about the policy.

      Hope this helps!

      With care,
      Nikki

      Reply
    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

    Reply
      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 on the “Go to site” button located on this page to be routed to their website. Just to add, if you are looking at comparing home loans available for you. You may go ahead and click on this link to start a comparison. Hope this helps!

      Cheers,
      Reggie

      Reply
    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

    Reply
      Avatarfinder Customer Care
      John
      December 6, 2018

      Hi Kei,

      Thank you for reaching out to finder.

      You may want to visit this page that will give you a great read on “Home loans for Discharged Bankruptcy”. This link gives you a list of specialized lenders who are willing to assist you regarding this. Hope this helps!

      Cheers,
      Reggie

      Reply
    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

    Reply
      Avatarfinder Customer Care
      Joshua
      November 21, 2018

      Hi Kai,

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

      As of now, we don’t have a specific list of lenders who accommodate borrowers whose income is coming from overseas. However, this does not mean that you won’t find any lender who might help you. Generally, lenders will want to know that you have a steady source of income. Since you have that, then you can simply compare your options using our pages.

      On this page, you’ll find low deposit home loans. You may also head to this page to see a full list of other home loan providers. On both pages, you’ll find a table that allows you to compare your options. Click on the “Go to site” green button to learn more.

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

      Have a wonderful day!

      Cheers,
      Joshua

      Reply
    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

    Reply
      Avatarfinder Customer Care
      May
      October 8, 2018

      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

      Reply
    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

    Reply
      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

      Reply
    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.

    Reply
      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 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

      Reply
    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.

    Reply
      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 on this page.

      Cheers,
      Anndy

      Reply
    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.

    Reply
      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 here.

      Cheers,
      Anndy

      Reply
    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)

    Reply
      Avatarfinder Customer Care
      Harold
      November 23, 2016

      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

      Reply
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