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How much can I borrow?

Borrowing Capacity

Remove the stress from saving for a deposit and read these helpful hints to get you closer to your home loan goal^~.

HSBC can loan up to 97% for owner-occupied homes and 95% for investment properties. Therefore, you will need to save and provide at least 3% of the value of the property for a deposit for a owner-occuped home and 5% of the value of the property for a deposit for an investment property.

Below are some saving tips so you can stay focused on your savings goal and your home loan dream can become a reality:

Cut back and budget
Make note of where your money goes each day. Set yourself a weekly budget and stick to it. For example cutting $100 from your weekly spend is worth $5200 a year alone.
Think Poor
Be smart about your cutbacks. Take trains instead of taxis, or cook dinner instead of eating out.
Increase Your Income
Extra work can only boost your savings results. Take on extra hours at work, ask for a promotion or even take a second job.
Work Your Interest
Leaving your savings in an everyday account will probably earn you very little interest. Instead look around to find the best product for your saving needs.
Family Values
Move back in with the folks or split your deposit with a sibling. Be sure to seek legal advice before making arrangements with family and friends.

Still not sure which home loan suits you best?

Home Loan Selector Tool

Home Loan Selector Tool Use our Home Selector tool to find the home loan that's right for you.

^~This document is produced by HSBC Bank Australia Limited for the general information of it's customers. It does not constitute advice in relation to any investment or purchase. Prior to making any investment or purchase you should conduct your own investigation and analysis of any benefits or costs associated with such. You should also seek your own independent legal and financial advice. This document makes no representations or warranties as to the products or services mentioned in this document are suitable for any person or appropriate in accordance with the local law. No consideration has been given to the particular objectives, financial situation or particular needs of any person. To the extent permitted by law No liability is accepted for any direct, indirect or consequential loss which may arise from your reliance on this document.