Why choose a Home Smart Loan?
-
Transactional access to your home loan with fee free redraws on available funds
-
Additional funds paid into this loan reduces interest charges
-
Variable interest rate
-
Minimum borrowing amount $50,000
Interest Rates
The comparison rate is based on a secured loan of $150,000 over the term of 25 years. WARNING: This comparsion 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.
Key product details
Product Features |
Details |
|---|---|
Interest type |
Variable |
Maximum Loan to Value Ratio (LVR) Owner Occupied |
90%1 |
Maximum Loan to Value Ratio (LVR) Investment |
80%1 |
Funds available |
Apply for $50,000 to $7,500,000, subject to approval. |
Establishment fee |
$600 |
Monthly fee |
No monthly fee (other fees and charges may apply). |
Combine |
Combine this loan with one of our other competitive home loan products. |
Portable |
Transfer your home loan to your new property if you decide to move, subject to approval. |
Redraw of available funds |
Redraws of available funds at no extra cost. |
Repayment options |
Principal and Interest only. |
Repayment method |
Salary credited |
Payment frequency |
Monthly only. |
Additional repayments |
Flexibility to make additional repayments without an early repayment fee can save you interest. |
Loan term |
1 to 30 years. |
Purpose |
Available for owner occupied or investment. |
Rates and fees
Rate Type |
Owner Occupied |
Investors |
|---|---|---|
Interest Rate (Principal and Interest) |
4.76% p.a. | 5.38% p.a. |
Comparison Rate (Principal and Interest) |
4.82% p.a. | 5.44% p.a. |
Rates are current as at: (and subject to change)
|
11 November 2019 |
|
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.
Fee Type |
Details |
|---|---|
Monthly Fee |
$0 |
Establishment fee |
$600 |
Valuation fee |
Quoted on application |
Settlement fee |
$150 |
Redraw fee |
$0 |
Variation fee |
$300 |
Early repayment fee |
$0 |
Other fees and charges may apply. Please refer to fees and charges guide (PDF, 68 KB).
Apply for a Variable Rate Home Loan
New customers
New HSBC Australia customers or existing customer who do not have online banking
Existing customers
Existing HSBC Australia customers with 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.