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
  • You get a dedicated Relationship Manager
  • Includes a 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 online redraws on additional repayments
Promotional offer available on new borrowings from $50,000 when applying by 31 January 2020. Rate not available to non-residents. Premier Eligibility applies4.
Premier Promotional Offer
Based on an Owner Occupied Interest Rate (Principal and Interest)
2.99% p.a.*
Interest Rate
3.45% p.a.
Comparison Rate

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.

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 get 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
80%1
Loan amount
Apply for $50,000 to $7,500,000, 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 ($20 fee applies per redraw). This fee will not apply if you make a redraw request via Internet banking.
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
80%1
Product Features
Loan amount
Details
Apply for $50,000 to $7,500,000, 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 ($20 fee applies per redraw). This fee will not apply if you make a redraw request via Internet banking.
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.

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
4.76% p.a.
4.82% p.a.
5.38% p.a.
5.44% p.a.
Interest Only
4.76% p.a.
4.82% p.a.
5.63% p.a.
5.54% p.a.
Rates for the Premier Variable Rate home loan

Rate Type

Principal and Interest

Owner Occupied

Interest Rate

4.76% p.a.

Owner Occupied 

Comparison Rate

4.82% p.a.

Investor

Interest Rate

5.38% p.a.

Investor

Comparison Rate

5.44% p.a.

Rate Type

Interest Only

Owner Occupied

Interest Rate

4.76% p.a.

Owner Occupied 

Comparison Rate

4.82% p.a.

Investor

Interest Rate

5.63% p.a.

Investor

Comparison Rate

5.54% p.a.

Rates 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.

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
Redraw fee
Free online
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
Fee Type
Redraw fee
Details
Free online
Fee Type
Variation fee
Details
$150

Other fees and charges may apply. Please refer to fees and charges guide (PDF, 103 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. 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. 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.
  4. 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 Personal Economy brochure (PDF, 3.58 MB).

Credit provided by HSBC Bank Australia ABN 48 006 434 162. Australia Credit Licence 232595. Terms and Conditions(PDF, 505 KB), fees and charges(PDF, 103 KB) and lending criteria apply.

*Excludes LVR above 80%. Variable interest rate is current as at 11 November 2019 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.