Why choose a Home Smart Loan?
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Transactional access to your home loan with fee free redraws on available funds
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Additional funds paid into this loan reduces interest charges
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Variable interest rate
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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) |
4.91% p.a. | 5.53% p.a. |
Comparison Rate (Principal and Interest) |
4.97% p.a. | 5.60% p.a. |
Rates are current as at: (and subject to change)
|
16 September 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
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