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Home Equity Loan

A mortgage that gives you freedom to repay only interest with no fixed term.

Why Choose a Home Equity Loan?

Take advantage of the HSBC 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
  • A Relationship Manager to guide you through the process
Promotional offer available on new borrowings from $50,000, apply by 31 January 2021. Package eligibility applies1.

Featured rate

Owner Occupied with interest only repayments
3.37% p.a.*

Interest rate with

Home Loan Package

Enjoy a discount on the Home Equity variable rate with a Home Loan Package

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Benefit from a discount on the Home Equity variable rate with the HSBC Home Loan Package, and for one annual fee of $390 per annum, you will also enjoy:

  • $0 Establishment Fee
  • $0 Valuation Fee2
  • $0 Settlement Fee

Features & Benefits

Get the flexibility you want with the features and benefits you need.

Home Loan Package

Receive a discount on the Home Equity variable rate (owner occupied) for a fee of $390 per annum.

Flexible Repayments

Make additional repayments without additional fees to save you interest.

Free transactions

Easy access to your home loan with Debit card, Apple Pay3 and unlimited free local transactions.

Relationship Manager

A helping hand to guide you through the process.

Home Equity interest rates

Owner Occupied
Rate Type
Interest Rate
Home Equity Reference Rate
4.59% p.a.
Home Equity (with Package)
3.37% p.a.*
Owner Occupied
Rate Type
Home Equity Reference Rate
Interest Rate
4.59% p.a.
Rate Type
Home Equity (with Package)
Interest Rate
3.37% p.a.*
Investment
Rate Type
Interest Rate
Home Equity Reference Rate
5.53% p.a.
Home Equity (with Package)
3.78% p.a.*
Investment
Rate Type
Home Equity Reference Rate
Interest Rate
5.53% p.a.
Rate Type
Home Equity (with Package)
Interest Rate
3.78% p.a.*

The rates shown are for interest only repayments and are current as of 23 November 2020. Rates are subject to change.

See all home loan interest rates

Sell all home loan reference rates

Fees

  • $0 Establishment Fee
  • $0 Settlement Fee
  • $0 Valuation Fee2
  • $300 variation fee for changes to your loan

Other fees and charges may apply. Please refer to fees and charges guide.

Apply for a Home Equity Loan

New customers

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

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Promotional offer available on new borrowings from $50,000, apply by 31 January 2021. Package eligibility applies. Excludes LVR above 80%. Interest rate is current as at 23 November 2020 and is subject to change. Maximum loan amount is $15,000,000.

  1. To be eligible for HSBC Home Loan Package, you must have minimum borrowings of $150,000 and pay the annual package fee of $390. The package fee will be deducted from the loan proceeds at settlement, and charged to the package home loan on the first business day of the loan anniversary month. Excludes non-resident applications.
  2. Standard Valuations only.
  3. Terms and conditions apply to the use of Apple Pay and Google Pay. Excludes HSBC Corporate Cards.

Credit provided by HSBC Bank Australia ABN 48 006 434 162. Australian Credit Licence/AFSL 232595. Home Loan Terms, and Personal Banking Booklet, fees and charges and lending criteria apply.