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HSBC Home Loans

With more than 47 million global customers and offices in over 70 countries, HSBC is one of the world’s largest banks. Since 1965, HSBC has been providing Australians with access to a large range of financial products and services like home loans, retail and commercial banking, financial planning, trade finance, payments and cash management.

Across Australia, HSBC services its customers through a national branch network offering the support you’d expect from a big bank. HSBC home loans have won numerous awards and offer their customers value for money mortgages and a range of complementary financial products and services.

HSBC Home Loan Calculator  
Interested in a HSBC home loan? RateCity has a suite of calculators that can show you what your repayments would be and how HSBC compares to its competitors. Simply plug in your borrowing amount below.

HSBC Home Equity Loan

Home owners with more than 20 per cent equity in their existing home can take advantage of the HSBC Home Equity Loan. Similar to a credit card, this equity loan can be used for renovations, to fund investments, debt consolidation or any other worthwhile cause. This Equity loan gives customers unlimited free redraws and the flexibility to make additional repayments into the loan. Unlike traditional home loans, this Equity Loan has no set repayment period, as long as the minimum interest balance is paid monthly. Other notable features include the portability feature, no monthly fees and the ability to combine this equity loan with other HSBC products. This loan has a minimum borrowing amount of $20,000.

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HSBC Home Smart Loan

The HSBC Home Smart Loan combines the flexibility of an equity loan with the control of a variable rate principal and interest home loan. This Smart Home Loan lets you make additional loan repayments and has no early repayment fee should you pay out the loan sooner. This Home Smart Loan gives customers the added convenience of combine their income, savings and loan into one account which has no monthly fee. Borrowers can access as much as 90 per cent of the property value and can redraw any available funds at no extra cost. Other loan perks include a portability feature and a split loan feature.

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HSBC Standard Variable Loan

The HSBC Standard Variable Loan gives borrowers complete repayment flexibility and the added bonus of a 100 per cent offset account. This variable rate loan lets you choose between weekly, fortnightly and monthly repayments and gives you the freedom to make additional repayments when you have the funds. This loan can be combined with other HSBC loan products and can also be transferred to a new property if you decide to move home. Customers have the option of paying principal and interest or interest-only for up to five years, however if you opt for interest-only then monthly repayments are required. This loan has no monthly fee and allows customers to borrow up to 90 per cent of the property value.

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HSBC Premier Loan

If you’re looking to borrow more than $50,000, the HSBC Premier Home Loan is a flexible variable rate home loan that gives borrowers access to a 100 per cent offset account and lets them manage their money on their own terms. This loan gives you the added freedom to make additional loan repayments and save interest. When applying for the Premier Loan, customers will be assigned a Premier Relationship Manager who will guide them all the from application to settlement. An additional bonus is the ability to switch this loan without the need for a lender by using the HSBC Easy Switch feature.

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HSBC Home Value Loan

HSBC Home Value Loan customers have access to a personal HSBC relationship manager, who can guide loan applicants from enquiry all the way through to settlement. This variable rate home loan gives borrowers the flexibility to make additional repayments and pay off their loan faster while saving on interest. Customers can borrow up to 90 percent of the property value and can combine this loan with other HSBC home loan products and accounts. The loans portability feature lets you transfer your home loan if you decide to move, saving you additional application fees. In addition to an unlimited redraw function, this loan lets borrowers choose from weekly, fortnightly or monthly repayment options.

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HSBC Fixed Rate Loan

The HSBC Fixed Rate Loan gives borrowers security over their repayment amount and lets them lock in a fixed rate for a period of one to five years. This loan allows both owner-occupier and investor customers to borrow up to 90 per cent of the property price and opt for interest-only payments for up to five years. Borrowers paying both principal and interest can choose from weekly, fortnightly or monthly repayment options while interest-only loans can be paid monthly. This loan lets customers make additional payments of up to $10,000 each year. Other loan features include a portability feature as well as the option to pay interest in advance and combine this loan with other HSBC products.

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Home Loans from HSBC

Pros
  • Large variety of home loan products.
  • Extensive customer support.
  • Opportunity to bundle with other HSBC products.
  • Offers discounts on interest rates.
Cons
  • Some loans have moderate to high fees.
  • Some interest rates aren’t competitive.
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Customer Service

HSBC customers are spoilt for choice when it comes to contacting customer support. The HSBC contact centre hotline operates round the clock giving account holders 24/7 access to customer support. In addition, HSBC customer can contact a personal banking representative directly by email or by using the online enquiry form. HSBC also gives its customers the option of directing customer enquiries through Twitter. Customers also have the option of chatting directly with HSBC customer support through the online chat function on the HSBC website.

✓     Customer service centre (phone)

✓     Mobile app

✓     Online banking

✓     Email

✓     Live Chat

✓     Branch

Applying and Eligibility

Borrowers wanting to apply for an HSBC home loan can either complete an online enquiry form, pop into a branch or call through to the Contact Centre for more support. Before applying for an HSBC home loan, consider what you can afford to borrow and what other costs you need to factor in. To apply for an HSBC home loan, you will need to supply the following information:

  • Proof of identity by providing 100 points of identification.
  • Proof of income and employment including employers contact details.
  • Provide a list of debts, assets and liabilities.
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