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Money Worries

We are committed to helping customers overcome the financial difficulties they may be experiencing.

Financial hardship

If you're having trouble making your repayments, we could for example, work with you to develop a repayment plan or provide you with a short or long term break from your repayments.

HSBC understands that you may go through difficult times, and that's when you need someone on your side the most. Whether you have questions about your mortgage, home equity, or your unsecured debts, our team of trained, dedicated Financial Hardship Officers have solutions that may be right for you.

Supporting you through the tough times

We may be able to alter your current repayments based on what you can afford to pay at the time, for example reduced repayments, interest adjustments and repayment extension periods.

The type of assistance we may be able to provide will vary depending on your individual circumstances, and HSBC's dedicated Financial Hardship team will aim to provide you with temporary relief from your repayments.

Applying for financial hardship assistance

HSBC has a number of ways you can discuss and apply for financial hardship assistance:

  • Over the phone by calling the Financial Hardship team on 1300 555 988 between 8am and 5pm Monday to Friday (AEST).
  • In person by visiting any HSBC branch where our staff will help you get in touch with our dedicated Financial Hardship team.
  • Online by submitting a financial hardship application by email to
  • In writing or by emailing our dedicated Financial Hardship team, who will contact you shortly after receiving your details to discuss the matter with you further.

You should complete and return a Statement of Financial Position form to help us better understand your financial position.

Please send to:
Customer Assist
GPO Box 5302
Sydney NSW 2001


* If you are a Small Business Customer, you should call the Contact Centre on 1300 308 008 in the first instance. If you are a Commercial Banking or Business Banking customer who may be experiencing financial difficulty, please contact your Relationship Manager in the first instance to discuss your situation. Financial hardship assistance may be available in certain circumstances. Alternate application processes and documentation apply.

What happens next?

HSBC will respond promptly to requests, in writing, confirming the main details of any arrangement made. We aim to provide you with an outcome for your application within 21 days of your request. At this time, we will advise you of our decision in writing or we will write to you and ask you for further information to help us come to a decision.

In the event HSBC is unable to approve your financial hardship request, we will provide you with information about your right to refer your request to an External Dispute Resolution service.

HSBC will give genuine consideration of any request, irrespective of your loan value, reason for financial difficulty or your repayment history, and collections activity will be put on hold during our assessment process.

Dealing with a third party

We understand that at times you may like to have a third party representative deal with HSBC on your behalf. Should this be the case, we require written authority to discuss your personal and account information with the third party.

If you would like us to deal with a third party, you should contact us and discuss the process with your relevant Customer Service team.


Find out how financial hardship impacts your credit score.


If you are feeling overwhelmed there is support available for you.

Helpful resources

  • CreditSmart – a site run by the Australian Retail Credit Association (ARCA) that provides information and education on credit products like loans and credit cards.
  • Australian Banking Association (ABA) – a banking industry body that provides access on a range of banking topics.
  • National Debt Helpline – a not-for-profit that helps people tackle debt.
  • MoneySmart – an Australian government website that provides information and education on a range of money topics.
  • Way Forward Debt Solutions – a not-for-profit that helps people in financial hardship.