Why choose a Premier Home Equity Loan?

As long as you have at least 20% equity in your home, you could take advantage of the Premier 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
  • Dedicated relationship manager
Promotional offer available on new borrowings from $50,000 when applying by 31 January 2020. Rate not available to non-residents. Premier Eligibility applies1.

Interest Rates

Based on an Owner Occupied Interest Rate (Interest Only)
3.62% p.a.*
Interest Rate

How it works

For a monthly package fee of $35, you get...

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Home Loan

Choose a complete fixed or variable loan, or split between them.

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Credit Card

No annual fee and your choice of reward programs to redeem on a range of shopping, travel, merchandise rewards or transfer points to leading airline reward programs including Asia Miles and Singapore Airlines' KrisFlyer.

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Relationship Manager

You get a dedicated Relationship Manager that can assist you with all your Home Loan enquiries and can help manage your account to ensure you are always receiving the best rate and service.

Key product details

Key product details

Product Features
Details
Interest type
Variable
Maximum Loan to Value Ratio (LVR) Owner Occupied
80%2
Maximum Loan to Value Ratio (LVR) Investment
80%2
Funds available
Apply for $20,000 to $1,000,000, subject to approval.
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 Unlimited free withdrawals within Australia.
Repayment options
Minimum Interest only payment.
Repayment method

Direct Debit Request (DDR) - external or internal deposit account.

Repayment frequency
Minimum monthly interest payment to be met
Additional repayments
Flexibility to make additional repayments without an early repayment fee can save you interest.
Loan term
No set period, payable on demand.
Purpose
Available for owner occupied or investment.

Key product details

Product Features
Interest type
Details
Variable
Product Features
Maximum Loan to Value Ratio (LVR) Owner Occupied
Details
80%2
Product Features
Maximum Loan to Value Ratio (LVR) Investment
Details
80%2
Product Features
Funds available
Details
Apply for $20,000 to $1,000,000, subject to approval.
Product Features
Combine
Details
Combine this loan with one of our other competitive home loan products.
Product Features
Portable
Details
Transfer your home loan to your new property if you decide to move, subject to approval.
Product Features
Redraw of available funds
Details
Unlimited free withdrawals within Australia.
Product Features
Repayment options
Details
Minimum Interest only payment.
Product Features
Repayment method
Details

Direct Debit Request (DDR) - external or internal deposit account.

Product Features
Repayment frequency
Details
Minimum monthly interest payment to be met
Product Features
Additional repayments
Details
Flexibility to make additional repayments without an early repayment fee can save you interest.
Product Features
Loan term
Details
No set period, payable on demand.
Product Features
Purpose
Details
Available for owner occupied or investment.

Rates and fees

Rates for Premier Home Equity loan
Rates Type Owner Occupied Investors

Interest Rate

(Interest Only)

3.62% p.a.*
4.03% p.a.

Comparison Rate

(Interest Only)

- -
Rates for Premier Home Equity loan
Rates Type

Interest Rate

(Interest Only)

Owner Occupied 3.62% p.a.*
Investors 4.03% p.a.
Rates Type

Comparison Rate

(Interest Only)

Owner Occupied -
Investors -

Rates are current as at (and subject to change): 27 January 2020 

 

Other fees and charges may apply. Please refer to fees and charges guide (PDF, 68 KB).

Fees for the Premier Home Equity loan
Fee Type
Details
Monthly Package fee $35
Establishment fee

$300

(waived under current promotion)

Valuation fee Quoted on application
Settlement fee $150
Redraw fee $0
Variation fee $150
Fees for the Premier Home Equity loan
Fee Type
Monthly Package fee
Details $35
Fee Type
Establishment fee
Details

$300

(waived under current promotion)

Fee Type
Valuation fee
Details Quoted on application
Fee Type
Settlement fee
Details $150
Fee Type
Redraw fee
Details $0
Fee Type
Variation fee
Details $150

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

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The Canstar 5-Star Rating for Outstanding Value Home Lender, and Variable Home Lender in the Owner Occupied category was awarded in September 2019.

 

1 HSBC Premier eligibility applies if you have: a minimum of $500,000 in loans; or a minimum of $200,000 in savings and investments; or a combination of loans, savings and investments totalling a minimum of $500,000 with HSBC Bank Australia Limited, as set out in the HSBC Premier Service Guide (PDF, 3.8 MB).

2 Loan to Value Ratio (LVR) subject to HSBC's assessment, lending criteria and Lender's Mortgage Insurance (LMI) acceptance.

 

This advertisement provides general advice only and doesn't take into account your objectives, financial situation or needs. Consider the Product Disclosure Statement (PDS) (PDF, 645 KB) before acquiring this product, available by calling 1300 308 008, at your local branch or Visit the HSBC Australia homepage. Credit provided by HSBC Bank Australia ABN 48 006 434 162. Australia Credit Licence 232595. Terms, conditions (PDF, 505 KB)fees and charges (PDF, 68 KB) and lending criteria apply.

 

*Excludes LVR above 80%. Variable interest rate is current as at 27 January 2020 and is subject to change. Maximum loan amount is $7,500,000. Terms, conditions, and HSBC lending criteria applies. Credit provided by HSBC Bank Australia Limited ABN 48 006 434 162. Australian Credit Licence/AFSL 232595.