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Standard Variable Rate Home Loan

A variable rate home loan is ideal for new and existing properties or as a construction loan.

Why Choose a Standard Variable Rate Mortgage?

Make extra payments as often as you like and combine with an offset account to save on interest. A variable rate home loan is great for both existing properties or as a construction loan.
  • 100% offset account to save on interest repayments
  • Flexibility to redraw additional payments for free
  • A home loan manager to guide you through the process
* Promotional offer available on new borrowings from $50,000. Package eligibility applies1.

Featured rate

Owner Occupied with Principal and Interest repayment
6.09% p.a.*

Interest rate with

Home Loan Package

6.46% p.a.

Comparison Rate

 

^ Comparison rate warning applies

Enjoy a discount on the Standard Variable Rate with a Home Loan Package

An indoor tent, a sofa and some boxes.

Benefit from a discount on the standard variable rate with the HSBC Home Loan Package, and for one annual fee of $390 you also enjoy:

  • $0 Establishment Fee
  • $0 Valuation Fee2
  • $0 Settlement Fee

Features & Benefits

Get the flexibility you want with the features and benefits you need.

Offset Account

Save on interest while still having access to your money with a 100% offset savings account.

Free redraws

Unlimited access to free redraws so that you have access to your money when you need it.

Home Loan Manager

A helping hand to guide you through the process.

Free transactions from your Offset Account

Easy access to your home loan with a Debit card, Apple Pay3, and unlimited free local transactions.

Award-winning Home Loan

Our award-winning Home Value Loan has won multiple awards, including Canstar's 5-star rating for Outstanding Investment Variable Home Lender, and Mozo’s First Home Buyer Loan Award in February 2022.

Standard Variable Rate interest rates

Principal and Interest for owner occupied
Principal and Interest
 Interest Rate Comparison Rate
Standard Variable Reference Rate
 8.76% p.a.
 9.14% p.a.
Standard Variable Rate (with Package)
 6.09% p.a.*
 6.46% p.a.
Principal and Interest for owner occupied
Principal and Interest
 Standard Variable Reference Rate
Interest Rate 8.76% p.a.
Comparison Rate
 9.14% p.a.
Principal and Interest
 Standard Variable Rate (with Package)
Interest Rate 6.09% p.a.*
Comparison Rate
 6.46% p.a.
Principal and Interest for investments
Principal and Interest
 Interest Rate Comparison Rate
Standard Variable Reference Rate

9.38% p.a.

9.76% p.a.
Standard Variable Rate (with Package)
 6.29% p.a.*
 6.65% p.a.
Principal and Interest for investments
Principal and Interest
 Standard Variable Reference Rate
Interest Rate

9.38% p.a.
Comparison Rate

9.76% p.a.
Principal and Interest
 Standard Variable Rate (with Package)
Interest Rate 6.29% p.a.*
Comparison Rate
 6.65% p.a.

The rates shown are for principal and interest repayment and are current as of 04 December 2023. Rates are subject to change.

^ Comparison Rate Warning Applies

See all home loan package interest rates

See all home loan reference rates

Fees

  • $600 Establishment Fee ($0 with Package)
  • $150 Settlement Fee ($0 with Package)
  • Valuation Fee quoted on application ($0 with Package2)
  • $300 variation fee for changes to your loan

Other fees and charges may apply. Please refer to Schedule of Fees and Charges for Home Loans.

Apply for a Variable Rate Home Loan

Call us, visit a branch or start a conversation online.

By phone

Call us on 1300 694 722

In branch

Find your nearest branch to branch finder to speak to us in person.

Apply by phone or branch 

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Terms & Conditions 

^ 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.

Interest rate is current as at 04 December 2023 and is subject to change. Maximum loan amount is $15,000,000.

The Canstar 5-Star Rating for Outstanding Investment Variable Home Lender and Investment Home Lender, was awarded in April 2023, and Mozo's First Home Buyer Loan Award in February 2022.

Available on new borrowings from $50,000.

*Excludes LVR above 60%.

  1. To be eligible for HSBC Home Loan Package, you must have minimum borrowings of $150,000 and pay the annual package fee of $390. The package fee will be deducted from the loan proceeds at settlement, and charged to the package home loan on the first business day of the loan anniversary month. Excludes non-resident applications.
  2. Standard valuations only.

    Credit provided by HSBC Bank Australia Limited ABN 48 006 434 162. Australian Credit Licence/AFSL 232595. Home Loan Terms, Personal Banking Booklet, fees and charges and lending criteria apply.