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Family laughing in the living room; image used for HSBC home smart loan page.

Home Smart Loan

Combine your income, savings and loan into one account.

Why choose a Home Smart Loan?

The Home Smart Loan offers the freedom of an equity loan plus the benefits of a variable rate principal and interest mortgage. Any additional funds that you pay into the Home Smart Loan allows you to pay off your home loan quicker.

  • A debit card that gives you access to your home loan with fee free redraws on available funds

  • Additional funds paid into this loan reduces interest charge

  • Variable interest rate

  • Receive $3,288 cashback** when refinancing to HSBC. Minimum refinance amount applies, see terms and conditions for full details.

* Promotional offer available on new borrowings from $50,000. Package eligibility applies1.

Featured rate

Owner Occupied with Principal and Interest repayment

2.54% p.a.*

Interest rate with

Home Loan Package

2.98% p.a.

Comparison Rate

^ Comparison rate warning applies

Refinancing your home loan?

When you see a world that others don't, you see unique opportunities. Right now, refinance your current home loan to HSBC with a minimum of $250k and receive $3,288 cashback** and you can benefit by:

  • Reducing your monthly repayments with a lower rate

  • Decreasing the time it takes to pay off your home loan

  • Building your equity faster with a lower rate

Available on refinance applications submitted to HSBC from 15 February 2021 to 31 December 2021 and settle by 28 February 2022. See terms and conditions for full details.

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

An indoor tent, a sofa and some boxes.

Benefit from a discount on the Home Smart 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 standard variable rate (owner occupied) for a fee of $390 per annum.

Free redraws of available funds

Unlimited access to free redraws so that you have access to your money when you need it.

Relationship Manager

A helping hand to guide you through the process.

Free transactions

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

Home Smart Loan interest rates

Principal and Interest for owner occupied

Principal and Interest
 Interest Rate
 Comparison Rate
Home Smart Reference Rate
 4.51% p.a.
 4.94% p.a.
Home Smart (with Package)
 2.54% p.a.*
 2.98% p.a.

Principal and Interest for owner occupied

Principal and Interest
 Home Smart Reference Rate
Interest Rate
 4.51% p.a.
Comparison Rate
 4.94% p.a.
Principal and Interest
 Home Smart (with Package)
Interest Rate
 2.54% p.a.*
Comparison Rate
 2.98% p.a.

Principal and Interest for investments

Principal and Interest
 Interest Rate
 Comparison Rate
Home Smart Reference Rate
 5.13% p.a.
 5.55% p.a.
Home Smart (with Package)
 2.79% p.a.*
 3.22% p.a.

Principal and Interest for investments

Principal and Interest
 Home Smart Reference Rate
Interest Rate
 5.13% p.a.
Comparison Rate
 5.55% p.a.
Principal and Interest
 Home Smart (with Package)
Interest Rate
 2.79% p.a.*
Comparison Rate
 3.22% p.a.

The rates shown are for principal and interest repayment and are current as of 11 October 2021. Rates are subject to change.

^ Comparison Rate Warning Applies  

See all home loan package 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 Smart Variable Rate Home Loan

New customers

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

Apply by phone or branch 

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Terms & Conditions 

^ The comparison rate is based on a secured loan of $150,000 over the term of 25 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

* 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 11 October 2021 and is subject to change. Maximum loan amount is $15,000,000.

** $3,288 cashback offer: To be eligible for the $3,288 refinance cashback, you must submit your new home loan applications for full approval between 15 February 2021 and 31 December 2021 and settled by 28 February 2022 and have refinanced from a financial institution other than HSBC Bank Australia. The offer is only available once per customer within this period. Maximum cashback amount of $3,288. Limit of one $3,288 cashback payment per borrowing entity and per customer. Where a home loan has more than one applicant and one applicant receives the cashback, all applicants are deemed to have received the cashback. Minimum refinance amount of $250,000 applies. Offer excludes construction loans, bridging loans and principal increases, non-residents and non-natural persons (such as trusts and companies). Cashback will be credited into your HSBC Transaction or Home Loan account within 60 days of settlement. Tax consequences may arise from this promotion for investors and you should seek independent financial or legal advice. Offer current as at 1 October 2021 and subject to change. Credit criteria, fees and charges apply.

  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.