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Variable Rate Home Loan

Choose a home loan with flexible repayment options. Apply Today for a HSBC home loan

Why choose a Variable Rate Loan?

Make extra payments as often as you like with our Variable Rate home loan. It’s also available as a construction loan, and for bridging finance.
  • A 100% balance offset account, available on standard variable rate loans
  • Choose from weekly, fortnightly or monthly repayments
  • The flexibility to make additional repayments
  • Minimum borrowing amount $50,000

Interest Rates

Based on an Owner Occupied Interest Rate (Principal and Interest)
5.33% p.a.
Interest Rate
5.39% p.a.
Comparison Rate

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

Key product details for the 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 Credit 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.

Rates and fees

Rates for the Variable Rate home loan
Rate Type Owner Occupied Investor

Interest Rate

(Principal and Interest)

5.33% p.a.

5.95% p.a.

Comparison Rate

(Principal and Interest)

5.39% p.a.

6.02% p.a.

Interest Rate

(Interest Only)

5.33% p.a.

6.25% p.a.

Comparison Rate

(Interest Only)

- -
Rates current as at: (and subject to change)
17 September 2018  

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 for the Variable Rate home loan
Fee Type Details
Monthly Fee
$0
(Other fees and charges may apply)
Establishment fee
$600
Valuation fee
Quoted on application
Settlement fee
$150
Redraw fee
$20 redraw fee applies (this fee will not apply if you make a redraw request via Internet banking)
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

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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

The Canstar 5-Star Rating for Outstanding Value Home Lender, and Variable Home Lender in the Owner Occupied category was awarded in March 2018.

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

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 www.hsbc.com.au.

Credit provided by HSBC Bank Australia ABN 48 006 434 162. Australia Credit Licence 232595. Terms, conditions (PDF, 505 KB), fees, charges (PDF, 68 KB) and lending criteria apply.