HSBC home loan repayment calculator

Thinking about taking out a home loan with HSBC? Use our home loan calculator to see how much you’d have to repay under different borrowing scenarios. You can also see how HSBC home loans compare with other options.

I'd like to borrow

$

I am an

Loan term

With a repayment type

Your estimated repayments

at interest rate 2.59 %

Total interest payable

$0

Total amount payable

$0

Pros and cons

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

HSBC home loans rates

Product
Advertised Rate
Total estimated upfront fees
Comparison Rate*
Ongoing fee
Go to site
Company

2.59%

Variable

$0

2.60%

$0
View Now
HSBC
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2.69%

Variable

$0

2.70%

$0
HSBC
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2.29%

Fixed - 3 years

$0

2.95%

$0
HSBC
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2.50%

Fixed - 4 years

$0

2.95%

$0
HSBC
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2.09%

Fixed - 2 years

$0

2.98%

$0
HSBC
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2.70%

Fixed - 5 years

$0

2.99%

$0
HSBC
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2.98%

Variable

$750

2.99%

$0
HSBC
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2.19%

Fixed - 3 years

$0

3.03%

$35 monthly
HSBC
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3.03%

Variable

$750

3.04%

$0
HSBC
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2.09%

Fixed - 2 years

$0

3.05%

$35 monthly
HSBC
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2.40%

Fixed - 4 years

$0

3.06%

$35 monthly
HSBC
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2.25%

Fixed - 1 year

$0

3.09%

$0
HSBC
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2.65%

Fixed - 4 years

$0

3.10%

$0
HSBC
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2.25%

Fixed - 1 year

$0

3.11%

$35 monthly
HSBC
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2.50%

Fixed - 3 years

$0

3.11%

$0
HSBC
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2.60%

Fixed - 5 years

$0

3.11%

$35 monthly
HSBC
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3.28%

Variable

$750

3.13%

$0
HSBC
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2.85%

Fixed - 5 years

$0

3.14%

$0
HSBC
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3.13%

Variable

$750

3.14%

$0
HSBC
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3.13%

Variable

$750

3.14%

$0
HSBC
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2.40%

Fixed - 3 years

$0

3.15%

$35 monthly
HSBC
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2.69%

Variable

$150

3.15%

$35 monthly
HSBC
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2.69%

Variable

$450

3.15%

$35 monthly
HSBC
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2.40%

Fixed - 2 years

$0

3.16%

$0
HSBC
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2.55%

Fixed - 4 years

$0

3.17%

$35 monthly
HSBC
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2.40%

Fixed - 2 years

$0

3.18%

$35 monthly
HSBC
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2.40%

Fixed - 1 year

$0

3.21%

$35 monthly
HSBC
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2.79%

Fixed - 5 years

$750

3.21%

$0
HSBC
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2.69%

Fixed - 4 years

$750

3.22%

$0
HSBC
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2.49%

Fixed - 3 years

$750

3.23%

$0
HSBC
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2.75%

Fixed - 5 years

$0

3.23%

$35 monthly
HSBC
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3.38%

Variable

$750

3.23%

$0
HSBC
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2.40%

Fixed - 1 year

$0

3.24%

$0
HSBC
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2.79%

Variable

$150

3.25%

$35 monthly
HSBC
More details

2.39%

Fixed - 2 years

$750

3.29%

$0
HSBC
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2.69%

Fixed - 3 years

$750

3.29%

$0
HSBC
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2.89%

Fixed - 4 years

$750

3.30%

$0
HSBC
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2.99%

Fixed - 5 years

$750

3.30%

$0
HSBC
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2.85%

Fixed - 3 years

$750

3.32%

$0
HSBC
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2.59%

Fixed - 2 years

$750

3.33%

$0
HSBC
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2.75%

Fixed - 2 years

$750

3.35%

$0
HSBC
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2.39%

Fixed - 3 years

$150

3.39%

$35 monthly
HSBC
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2.49%

Fixed - 1 year

$750

3.39%

$0
HSBC
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2.59%

Fixed - 4 years

$150

3.40%

$35 monthly
HSBC
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2.75%

Fixed - 1 year

$750

3.40%

$0
HSBC
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2.59%

Fixed - 3 years

$150

3.41%

$35 monthly
HSBC
More details

2.69%

Fixed - 5 years

$150

3.41%

$35 monthly
HSBC
More details

2.69%

Fixed - 1 year

$750

3.41%

$0
HSBC
More details

2.75%

Fixed - 3 years

$150

3.42%

$35 monthly
HSBC
More details

2.79%

Fixed - 4 years

$150

3.43%

$35 monthly
HSBC
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2.89%

Fixed - 5 years

$150

3.44%

$35 monthly
HSBC
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2.39%

Fixed - 2 years

$150

3.45%

$35 monthly
HSBC
More details

2.75%

Fixed - 2 years

$150

3.45%

$35 monthly
HSBC
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2.59%

Fixed - 2 years

$150

3.46%

$35 monthly
HSBC
More details

3.00%

Fixed - 3 years

$750

3.47%

$0
HSBC
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2.75%

Fixed - 1 year

$150

3.49%

$35 monthly
HSBC
More details

2.90%

Fixed - 2 years

$750

3.50%

$0
HSBC
More details

3.08%

Variable

$150

3.50%

$35 monthly
HSBC
More details

2.49%

Fixed - 1 year

$150

3.52%

$35 monthly
HSBC
More details

2.69%

Fixed - 1 year

$150

3.53%

$35 monthly
HSBC
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2.90%

Fixed - 1 year

$750

3.55%

$0
HSBC
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2.90%

Fixed - 3 years

$150

3.56%

$35 monthly
HSBC
More details

3.13%

Variable

$450

3.58%

$35 monthly
HSBC
More details

2.90%

Fixed - 2 years

$150

3.60%

$35 monthly
HSBC
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2.90%

Fixed - 1 year

$150

3.63%

$35 monthly
HSBC
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3.20%

Variable

$450

3.64%

$35 monthly
HSBC
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3.23%

Variable

$150

3.64%

$35 monthly
HSBC
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3.84%

Variable

$750

3.89%

$0
HSBC
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3.90%

Variable

$0

3.96%

$0
HSBC
More details

3.76%

Variable

$150

4.23%

$35 monthly
HSBC
More details

4.23%

Variable

$750

4.29%

$0
HSBC
More details

3.76%

Variable

$150

4.50%

$35 monthly
HSBC
More details

4.51%

Variable

$750

4.57%

$0
HSBC
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4.51%

Variable

$750

4.57%

$0
HSBC
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4.51%

Variable

$750

4.57%

$0
HSBC
More details

4.52%

Variable

$750

4.58%

$0
HSBC
More details

5.13%

Variable

$750

5.19%

$0
HSBC
More details

5.13%

Variable

$750

5.19%

$0
HSBC
More details

5.29%

Variable

$750

5.44%

$0
HSBC
More details

HSBC 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 (phone, email branch)
  • Mobile app
  • Online banking
  • Live Chat

How to Apply

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.

About HSBC home loans

HSBC home loans are popular options for investors buying property using foreign currency (expatriate home loans and market linked home loans) thanks to the bank’s large presence in Hong Kong.

However, it also offers a range of other home loans, including owner-occupier home loans, local investor home loans, construction loans and lines of credit.

HSBC offers home loans to suit a variety of borrowers in Australia:

  • Investors
  • First homebuyers
  • Renovators
  • Upgraders
  • Refinancers
  • Seniors (home equity loans)

Borrowers can also choose from a variety of interest rate options on HSBC mortgages:

  • Principal-and-interest home loans
  • Interest-only home loans
  • Split home loans
  • Variable interest rates
  • Fixed interest rates

Some HSBC home loans come with limited-time interest rate discounts and other introductory offers. HSBC Premier home loans also offer additional benefits to customers who meet the eligibility requirements.

HSBC home loan rates

HSBC home loan rates range from moderately low to high depending on the type of borrower and home loan. Generally speaking, owner occupiers paying principal and interest receive the lowest interest rates while investors paying interest only receive the highest interest rates.

Home loan rates can also vary based on whether they are variable or fixed, and how much of a deposit is put down.

Typically, HSBC borrowers who can make large deposits can also negotiate lower interest rates. With this in mind, HSBC home loans are generally geared towards customers with existing capital – although high-LVR loans are available in some circumstances.

In terms of fees, upfront fees tend to be high, while ongoing fees tend to be very low. A discharge fee may also apply at the end of the loan term. Loan repayments can be made weekly, fortnightly or monthly.

HSBC home loans review

HSBC offers a range of home loan options, primarily aimed at overseas and local investors. However, it also offers home loans for first homebuyers, upgraders and refinancers.

While some HSBC home loans come with moderately low interest rates, others attract high interest rates – so it’s important to compare what’s on the market before deciding if an HSBC home loan is the most suitable option.

Similarly, some HSBC mortgages come with an offset account and redraw facility while others don’t, meaning the level of flexibility depends on the type of home loan chosen.

Although HSBC is an established and well-known bank, it isn’t necessarily the cheapest when it comes to interest rates and fees. Borrowers may get the most value out of their home loan by taking advantage of rate discounts, special offers or other benefits through HSBC Premier.

Learn more about HSBC

Are bad credit home loans dangerous?

Bad credit home loans can be dangerous if the borrower signs up for a loan they’ll struggle to repay. This might occur if the borrower takes out a mortgage at the limit of their financial capacity, especially if they have some combination of a low income, an insecure job and poor savings habits.

Bad credit home loans can also be dangerous if the borrower buys a home in a stagnant or falling market – because if the home has to be sold, they might be left with ‘negative equity’ (where the home is worth less than the mortgage).

That said, bad credit home loans can work out well if the borrower is able to repay the mortgage – for example, if they borrow conservatively, have a decent income, a secure job and good savings habits. Another good sign is if the borrower buys a property in a market that is likely to rise over the long term.

Does Australia have no-deposit home loans?

Australia no longer has no-deposit home loans – or 100 per cent home loans as they’re also known – because they’re regarded as too risky.

However, some lenders allow some borrowers to take out mortgages with a 5 per cent deposit.

Another option is to source a deposit from elsewhere – either by using a parental guarantee or by drawing out equity from another property.

What is 'principal and interest'?

‘Principal and interest’ loans are the most common type of home loans on the market. The principal part of the loan is the initial sum lent to the customer and the interest is the money paid on top of this, at the agreed interest rate, until the end of the loan.

By reducing the principal amount, the total of interest charged will also become smaller until eventually the debt is paid off in full.

How common are low-deposit home loans?

Low-deposit home loans aren’t as common as they once were, because they’re regarded as relatively risky and the banking regulator (APRA) is trying to reduce risk from the mortgage market.

However, if you do your research, you’ll find there is still a fairly wide selection of banks, credit unions and non-bank lenders that offers low-deposit home loans.

How can I get a home loan with bad credit?

If you want to get a home loan with bad credit, you need to convince a lender that your problems are behind you and that you will, indeed, be able to repay a mortgage.

One step you might want to take is to visit a mortgage broker who specialises in bad credit home loans (also known as ‘non-conforming home loans’ or ‘sub-prime home loans’). An experienced broker will know which lenders to approach, and how to plead your case with each of them.

Two points to bear in mind are:

  • Many home loan lenders don’t provide bad credit mortgages
  • Each lender has its own policies, and therefore favours different things

If you’d prefer to directly approach the lender yourself, you’re more likely to find success with smaller non-bank lenders that specialise in bad credit home loans (as opposed to bigger banks that prefer ‘vanilla’ mortgages). That’s because these smaller lenders are more likely to treat you as a unique individual rather than judge you according to a one-size-fits-all policy.

Lenders try to minimise their risk, so if you want to get a home loan with bad credit, you need to do everything you can to convince lenders that you’re safer than your credit history might suggest. If possible, provide paperwork that shows:

  • You have a secure job
  • You have a steady income
  • You’ve been reducing your debts
  • You’ve been increasing your savings

Who offers 40 year mortgages?

Home loans spanning 40 years are offered by select lenders, though the loan period is much longer than a standard 30-year home loan. You're more likely to find a maximum of 35 years, such as is the case with Teacher’s Mutual Bank

Currently, 40 year home loan lenders in Australia include AlphaBeta Money, BCU, G&C Mutual Bank, Pepper, and Sydney Mutual Bank.

Even though these lengthier loans 35 to 40 year loans do exist on the market, they are not overwhelmingly popular, as the extra interest you pay compared to a 30-year loan can be over $100,000 or more.

How will Real Time Ratings help me find a new home loan?

The home loan market is complex. With almost 4,000 different loans on offer, it’s becoming increasingly difficult to work out which loans work for you.

That’s where Real Time RatingsTM can help. Our system automatically filters out loans that don’t fit your requirements and ranks the remaining loans based on your individual loan requirements and preferences.

Best of all, the ratings are calculated in real time so you know you’re getting the most current information.

What is a bad credit home loan?

A bad credit home loan is a mortgage for people with a low credit score. Lenders regard bad credit borrowers as riskier than ‘vanilla’ borrowers, so they tend to charge higher interest rates for bad credit home loans.

If you want a bad credit home loan, you’re more likely to get approved by a small non-bank lender than by a big four bank or another mainstream lender.

What are the responsibilities of a mortgage broker?

Mortgage brokers act as the go-between for borrowers looking for a home loan and the lenders offering the loan. They offer personalised advice to help borrowers choose the right home loan for their needs.

In Australia, mortgage brokers are required by law to carry an Australian Credit License (ACL) if they offer credit assistance services. Which is the legal term for guidance regarding the different kinds of credit offered by lenders, including home loan mortgages. They may not need this license if they are working for an aggregator, for instance, as a franchisee. In both these situations, they need to comply with the regulations laid down by the Australian Securities and Investments Commission (ASIC).

These regulations, which are stipulated by Australian legislation, require mortgage brokers to comply with what are called “responsible lending” and “best interest” obligations. Responsible lending obligations mean brokers have to suggest “suitable” home loans. This means loans that you can easily qualify for,  actually meet your needs, and don’t prove unnecessarily challenging for you.

Starting 1 January 2021, mortgage brokers must comply with best interest obligations in addition to responsible lending obligations. These require mortgage brokers to act in the best interest of their customers and also requires them to prioritise their customers’ interests over their own. For instance, a mortgage broker may not recommend a lender who gives them a commission if that lender’s home loan offer does not benefit that particular customer.

What are the pros and cons of no-deposit home loans?

It’s no longer possible to get a no-deposit home loan in Australia. In some circumstances, you might be able to take out a mortgage with a 5 per cent deposit – but before you do so, it’s important to weigh up the pros and cons.

The big advantage of borrowing 95 per cent (also known as a 95 per cent home loan) is that you get to buy your property sooner. That may be particularly important if you plan to purchase in a rising market, where prices are increasing faster than you can accumulate savings.

But 95 per cent home loans also have disadvantages. First, the 95 per cent home loan market is relatively small, so you’ll have fewer options to choose from. Second, you’ll probably have to pay LMI (lender’s mortgage insurance). Third, you’ll probably be charged a higher interest rate. Fourth, the more you borrow, the more you’ll ultimately have to pay in interest. Fifth, if your property declines in value, your mortgage might end up being worth more than your home.

Does Australia have no cost refinancing?

No Cost Refinancing is an option available in the US where the lender or broker covers your switching costs, such as appraisal fees and settlement costs. Unfortunately, no cost refinancing isn’t available in Australia.

Can I change jobs while I am applying for a home loan?

Whether you’re a new borrower or you’re refinancing your home loan, many lenders require you to be in a permanent job with the same employer for at least 6 months before applying for a home loan. Different lenders have different requirements. 

If your work situation changes for any reason while you’re applying for a mortgage, this could reduce your chances of successfully completing the process. Contacting the lender as soon as you know your employment situation is changing may allow you to work something out. 

Can I get a home loan if I am on an employment contract?

Some lenders will allow you to apply for a mortgage if you are a contractor or freelancer. However, many lenders prefer you to be in a permanent, ongoing role, because a more stable income means you’re more likely to keep up with your repayments.

If you’re a contractor, freelancer, or are otherwise self-employed, it may still be possible to apply for a low-doc home loan, as these mortgages require less specific proof of income.

Will I have to pay lenders' mortgage insurance twice if I refinance?

If your deposit was less than 20 per cent of your property’s value when you took out your original loan, you may have paid lenders’ mortgage insurance (LMI) to cover the lender against the risk that you may default on your repayments. 

If you refinance to a new home loan, but still don’t have enough deposit and/or equity to provide 20 per cent security, you’ll need to pay for the lender’s LMI a second time. This could potentially add thousands or tens of thousands of dollars in upfront costs to your mortgage, so it’s important to consider whether the financial benefits of refinancing may be worth these costs.

Is there a limit to how many times I can refinance?

There is no set limit to how many times you are allowed to refinance. Some surveyed RateCity users have refinanced up to three times.

However, if you refinance several times in short succession, it could affect your credit score. Lenders assess your credit score when you apply for new loans, so if you end up with bad credit, you may not be able to refinance if and when you really need to.

Before refinancing multiple times, consider getting a copy of your credit report and ensure your credit history is in good shape for future refinances.