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- Home Value Loan (Owner Occupied, Principal & Interest)
Home Value Loan (Owner Occupied, Principal & Interest)
- 2024 Award Winner
- Owner Occupied
- Variable
- 40% min deposit
- P&I
Interest rate p.a.
5.99%
Comparison rate* p.a.
5.99%
Home Value Loan (Owner Occupied, Principal & Interest)
- 2024 Award Winner
- Owner Occupied
- Variable
- 40% min deposit
- P&I
Interest rate p.a.
5.99%
Comparison rate* p.a.
5.99%
HSBC Variable Rate Home Loan overview
For Home Value Home Loan (Principal and Interest) (LVR < 60%)
Principal & Interest (P&I)
Loan type
Loan to value ratio
Interest rate
Comparison rate
Interest only
Loan type
Loan to value ratio
Interest rate
Comparison rate
Details
Maximum LVR
60%
Total repayments
Interest rate type
Variable
Borrowing range
$50k - $15m
Suitable for
Owner Occupiers
Loan term range
1 - 30 years
Repayment type
Principal and Interest
Applicable states
ACT, NSW, NT, QLD, SA, TAS, VIC, WA
Repayment options
Fortnightly, Monthly, Weekly
Target Market Determination
Visit HSBC Bank Australia Limited to view Target Market Determination.
Features
Extra repayments
Unlimited
Redraw facility
Redraw fee: $0
Offset account
Split interest facility
Loan portability
Repayment holiday available
Allow guarantors
Available for first home buyers
Other benefits
Establishment and settlement fees (up to $750) waived for Promotional Offer
Fees
Total estimated upfront fees
$150
Application fee
$0
Legal fee
$0
Valuation fee
$0
Settlement fee
$150
Other upfront fee
$0
Ongoing fee
$0
Discharge fee
$300
RateCity says
"Enjoy a competitive interest rate, no ongoing fees, and the ability to go guarantor with this HSBC home loan."
Pros and Cons
For Home Value Loan (Owner Occupied, Principal & Interest)
Benefits
- Interest rates ranked in the best 20%
- No ongoing fees
- Parents can sign as guarantor
- Extra repayments and redraw facility
- Free redraw facility
- Split account option
- Winner of Best Refinance Home Loan, RateCity Gold Awards 2024
Drawbacks
- No offset account
- Higher than average upfront fee
- Discharge fee at end of loan
- Maximum loan amount is limited to 60% of the property's value
- No repayment holidays
