Why choose a Home Equity Loan?

As long as you have at least 20% equity in your home, you could take advantage of the Home Equity Loan, a line of credit giving you freedom to repay only interest with no fixed term.
  • Minimum repayments are interest only
  • Transactional access to your home loan with fee free redraws on available funds
  • No set loan term period
  • Minimum borrowing amount $20,000

Interest Rates

Based on an Owner Occupied Interest Rate (Interest Only)
4.84% p.a.
Interest Rate

Key product details


Key product details

Product Features


Interest type


Maximum Loan to Value Ratio (LVR) Owner Occupied


Maximum Loan to Value Ratio (LVR) Investment


Loan amount

Apply for $20,000 to $1,000,000, subject to approval.

Establishment fee


Monthly fees

No monthly fees (other fees and charges may apply).


Combine this loan with one of our other competitive home loan products.


Transfer your home loanˆ to your new property if you decide to move, subject to approval.

Redraw of available funds

Unlimited free withdrawals within Australia.

Repayment options

Minimum Interest only payment.

Repayment method

Direct Credit DDR - external or internal deposit account.

Payment frequency

Minimum monthly interest payment to be met

Additional repayments

Flexibility to make additional repayments without an early repayment fee can save you interest.

Loan term

No set period, payable on demand.


Available for owner occupied or investment.

Rates and fees


Rates for Home Equity loan
Rate Type

Owner Occupied


Interest Rate

(Interest Only)

4.84% p.a.

5.78% p.a.

Comparison Rate

(Interest Only)



Rates are current as at: (and subject to change)

11 November 2019

Other fees and charges may apply. Please refer to fees and charges guide (PDF, 68 KB).

Fees for Home Equity loan

Fee type


Monthly Fee

Monthly fee - $0 (other fees and charges apply)

Establishment fee


Valuation fee

Quoted on application

Settlement fee


Redraw fee


Variation fee


Early repayment fee


Apply for a Variable Rate Home Loan

New customers

New HSBC Australia customers or existing customer who do not have online banking

You might be interested in

Compare our range of HSBC Home Loans.

Find the facts and figures you need to help make decisions

Information to help you through the process of buying your home.

Information to help you make your first big investment into property.

The Canstar 5-Star Rating for Outstanding Value Home Lender, and Variable Home Lender in the Owner Occupied category was awarded in March 2018.

1 Loan to Value Ratio (LVR) subject to HSBC's assessment, lending criteria and Lender's Mortgage Insurance (LMI) acceptance.

Credit provided by HSBC Bank Australia ABN 48 006 434 162. Australia Credit Licence 232595. Terms, conditions (PDF, 505 KB)fees and charges (PDF, 68 KB) and lending criteria apply.