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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 home loan manager to guide you through the process
* Promotional offer available on new borrowings from $50,000. Package eligibility applies1.

Featured rate

Owner Occupied with interest only repayments
7.47% p.a.*

Interest rate with

Home Loan Package

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

An indoor tent, a sofa and some boxes.

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.

Home Loan Manager

A helping hand to guide you through the process.

Home Equity interest rates

Home Equity interest rates for owner occupied
Rate Type
 Interest Rate
Home Equity Reference Rate
 8.84% p.a.
Home Equity (with Package)
 7.47% p.a.*
Home Equity interest rates for owner occupied
Rate Type
 Home Equity Reference Rate
Interest Rate
 8.84% p.a.
Rate Type
 Home Equity (with Package)
Interest Rate
 7.47% p.a.*
Home Equity interest rates for investments
Rate Type
 Interest Rate
Home Equity Reference Rate
 9.78% p.a.
Home Equity (with Package)
 7.67% p.a.*
Home Equity interest rates for investments
Rate Type
 Home Equity Reference Rate
Interest Rate
 9.78% p.a.
Rate Type
 Home Equity (with Package)
Interest Rate
 7.67% p.a.*

The rates shown are for interest only repayments and are current as of 04 December 2023. Rates are subject to change.

See all home loan interest rates

See 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 Schedule of Fees and Charges for Home Loans.

Apply for a Home Equity Loan

Call us, visit a branch or start a conversation online.

Online

Complete our online enquiry form and one of our home loan managers will be in touch with you.

By phone

Call us on 1300 694 722

In branch

Find your nearest branch to branch finder to speak to us in person.

Apply by phone or branch 

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Terms & Conditions 

* Promotional offer available on new borrowings from $50,000. Package eligibility applies. Excludes LVR (Loan to Value ratio) above 80%. Interest rate is current as at 04 December 2023 and is subject to change. Maximum loan amount is $1,000,000.

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