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Premier Variable Rate Home Loan

A home loan with 100% offset facility and flexible repayment options.

Why choose a Premier Variable Rate Loan?

Make extra payments as often as you like with our Variable Rate home loan.
  • 100% offset account to save on interest repayments
  • The option of a dedicated Relationship Manager#
  • Includes an HSBC Premier Master Card with HSBC rewards and no annual credit card fee giving you the freedom to earn points while your savings offset the interest in your Home Loan
  • Unlimited free redraws on additional repayments
Promotional offer available on new borrowings from $50,000, apply by 30 November 2020. Premier Eligibility applies4.
Premier Promotional Offer
Based on an Owner Occupied Interest Rate (Principal and Interest)
2.69% p.a.*
Interest Rate
3.15% p.a.

Comparison Rate

 

^Comparison rate warning applies

How it works

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

Home Loan

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

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.

Offset Account

100% offset savings account to help manage your home loan interest.

Relationship Manager

You have the option of a dedicated Relationship Manager#.

Key product details

Key product details for the Premier Variable Rate home loan
Product Features
Details
Interest type
Variable
Maximum Loan to Value Ratio (LVR) Owner Occupied
90%1
Maximum Loan to Value Ratio (LVR) Investment
90%1
Loan amount
Apply for $50,000 to $15,000,000, subject to approval.
Combine
You can combine it with one of our other competitive home loan products.
Portable
Transfer your home loan to a new property if you decide to move, subject to approval.
Redraw of available funds
Unlimited free redraw
Repayment options
Principal and Interest or Interest Only2.
Repayment method
Direct Debit Request (DDR) - external or internal deposit account3.
Payment frequency
Schedule your repayments to match the timing of your income. Choose from weekly, fortnightly or monthly repayments.
Additional repayments
The 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.
Key product details for the Premier Variable Rate home loan
Product Features
Interest type
Details
Variable
Product Features
Maximum Loan to Value Ratio (LVR) Owner Occupied
Details
90%1
Product Features
Maximum Loan to Value Ratio (LVR) Investment
Details
90%1
Product Features
Loan amount
Details
Apply for $50,000 to $15,000,000, subject to approval.
Product Features
Combine
Details
You can combine it with one of our other competitive home loan products.
Product Features
Portable
Details
Transfer your home loan to a new property if you decide to move, subject to approval.
Product Features
Redraw of available funds
Details
Unlimited free redraw
Product Features
Repayment options
Details
Principal and Interest or Interest Only2.
Product Features
Repayment method
Details
Direct Debit Request (DDR) - external or internal deposit account3.
Product Features
Payment frequency
Details
Schedule your repayments to match the timing of your income. Choose from weekly, fortnightly or monthly repayments.
Product Features
Additional repayments
Details
The flexibility to make additional repayments without an early repayment fee can save you interest.
Product Features
Loan term
Details
1 to 30 years.
Product Features
Purpose
Details
Available for owner-occupied or investment.

Reference rates

Rates for the Premier Variable Rate home loan

Rate Type

Owner Occupied

Interest Rate

Owner Occupied 

Comparison Rate

Investor

Interest Rate

Investor

Comparison Rate

Principal and Interest
3.76% p.a. (LVR 80% or below)
3.76% p.a. (LVR above 80%)
4.23% p.a. (LVR 80% or below)
4.23% p.a. (LVR above 80%)
4.38% p.a. (LVR 80% or below)
4.38% p.a. (LVR above 80%)
4.83% p.a. (LVR 80% or below)
4.83% p.a. (LVR above 80%)
Interest Only
3.76% p.a. (LVR 80% or below)
3.76% p.a. (LVR above 80%)
4.20% p.a. (LVR 80% or below)
4.20% p.a. (LVR above 80%)
4.63% p.a. (LVR 80% or below)
4.63% p.a. (LVR above 80%)
4.89% p.a. (LVR 80% or below)
4.89% p.a. (LVR above 80%)

Rates for the Premier Variable Rate home loan

Rate Type

Principal and Interest

Owner Occupied

Interest Rate

3.76% p.a. (LVR 80% or below)
3.76% p.a. (LVR above 80%)

Owner Occupied 

Comparison Rate

4.23% p.a. (LVR 80% or below)
4.23% p.a. (LVR above 80%)

Investor

Interest Rate

4.38% p.a. (LVR 80% or below)
4.38% p.a. (LVR above 80%)

Investor

Comparison Rate

4.83% p.a. (LVR 80% or below)
4.83% p.a. (LVR above 80%)

Rate Type

Interest Only

Owner Occupied

Interest Rate

3.76% p.a. (LVR 80% or below)
3.76% p.a. (LVR above 80%)

Owner Occupied 

Comparison Rate

4.20% p.a. (LVR 80% or below)
4.20% p.a. (LVR above 80%)

Investor

Interest Rate

4.63% p.a. (LVR 80% or below)
4.63% p.a. (LVR above 80%)

Investor

Comparison Rate

4.89% p.a. (LVR 80% or below)
4.89% p.a. (LVR above 80%)

Rates current as at: (and subject to change) 28 September 2020


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.

Fees

Fees for the Premier Variable Rate home loan
Fee Type
Details
Monthly Package fee

$35

(Other fees and charges may apply)

Establishment fee
$300
(Waived under current promotion)
Valuation fee
Quoted on application
Settlement fee
$150
(waived under current promotion)
Redraw fee
Free
Variation fee
$150
Fees for the Premier Variable Rate home loan
Fee Type
Monthly Package fee
Details

$35

(Other fees and charges may apply)

Fee Type
Establishment fee
Details
$300
(Waived under current promotion)
Fee Type
Valuation fee
Details
Quoted on application
Fee Type
Settlement fee
Details
$150
(waived under current promotion)
Fee Type
Redraw fee
Details
Free
Fee Type
Variation fee
Details
$150

Other fees and charges may apply. Please refer to fees and charges guide (PDF, 538 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 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.

*Excludes LVR above 80%. Variable interest rate is current as at 28 September 2020 and is subject to change. Maximum loan amount is $15,000,000. Credit provided by HSBC Bank Australia ABN 48 006 434 162. Australia Credit Licence 232595. Home Loan Terms (PDF, 1.2 MB) and Personal Banking Booklet (PDF,1.5 MB)fees and charges (PDF, 538 KB) and lending criteria apply.

  1. Loan to Value Ratio (LVR) subject to HSBC's assessment, lending criteria and Lender's Mortgage Insurance (LMI) acceptance.
  2. Maximum interest only terms available are 3 Years - Owner Occupied and 5 Years - Investment.
  3. 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).
  4. This advertisement provides general advice only and doesn't take into account your objectives, financial situation or needs. Consider the Home Loan Terms (PDF, 1.2 MB) and Personal Banking Booklet (PDF,1.5 MB) before acquiring this product, available by calling 1300 308 008, at your local branch or www.hsbc.com.au.

# Dependant on your product type and size of the relationship. You can request a Relationship Manager if one has not been allocated to you.