HSBC Home Loans

HSBC

HSBC is a provider of home loans, personal loans, savings and transaction accounts, credit cards, home insurance, car insurance, life insurance, and travel insurance.

What home loans does HSBC offer?

If you’re currently considering a home loan, the comparison table below displays some of the variable rate home loans on our database from HSBC that are available for first home buyers. This table is sorted by Star Rating (highest to lowest), followed by comparison rate (lowest-highest). Products shown are principal and interest home loans available for a loan amount of $350K in NSW with an LVR of 80% of the property value. Before committing to a particular home loan product, check upfront with your lender and read the applicable loan documentation to confirm whether the terms of the loan meet your needs and repayment capacity. Use Canstar’s home loan selector to view a wider range of home loan products.

*Comparison rate based on loan amount of $150,000 and a term of 25 years. Read the Comparison Rate Warning

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HSBC home loan features

Depending on the option you choose, a HSBC home loan may include the following:

  • No monthly fees on selected loans 
  • 100% offset facility available on selected loans
  • Home loan term up to 30 years
  • Principle and Interest or Interest Only options on selected loans
  • Redraw facility available on variable loans
  • Ability to make additional repayments (limit and fees may apply to fixed loans)
  • Repayments may be made weekly, fortnightly, or monthly on selected home loans
  • Ability to transfer your home loan to a new property if you move (subject to approval)

The inclusions above represent a selection of the features available with HSBC home loans. Canstar is not making any suggestion or recommendation to you about this product. Additional conditions may apply to different features. Please see our comparison tables for more detailed information about the products on offer from this provider. Check upfront with HSBC and please ensure that you read the product disclosure statement (PDS) or other loan documentation to determine all the current loan terms and conditions for the product you are considering and whether it meets your needs, before committing to it.

HSBC Home Loans FAQs

Before getting started, you might first like to take a look at our applying for a home loan checklist for some pointers, and use the Canstar website to compare home loans with other providers before choosing a product that suits your needs.

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If you decide to apply for a HSBC home loan, enquiries can be made through the HSBC website, via an online Live Chat feature or over the phone. Applications can be made over the phone, in person at a HSBC branch or through online banking if you are an existing customer.

At the time of writing, HSBC allows extra repayments on its variable and fixed interest home loans, however additional repayments on a fixed rate loan may incur break fees. Terms and conditions apply, contact HSBC or visit the HSBC website for details.

To give you an idea of how making extra repayments could save money in interest over the life of your loan, you might like to try our Extra Repayments Calculator.

Home Loans Extra Repayments Calculator

HSBC offers a redraw facility for its variable home loans but not it’s fixed rate home loans. Fees and charges may apply to use of a redraw facility, for example, HSBC’s Home Value Loan allows one free redraw per month. Redraw requests after this incur a $20 fee per redraw, unless the request is made via internet banking. 

Further information can be found on the HSBC website, over the phone or in an HSBC branch.

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HSBC was founded in 1865 in Hong Kong to finance trade between Asia and Europe. It moved to Australia in 1965 and gained it’s commercial banking licence in 1986. According to its website, HSBC is now one of the world’s largest banking and financial services organisations, serving 40 million customers across 65 countries around the world.

Written by: Eliza Parry-Okeden | Last updated: September 27, 2019