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 Relationship Manager to guide you through the process
-
Receive $3,288 cashback** when refinancing to HSBC. Minimum refinance amount applies, see terms and conditions for full details.
* Promotional offer available on new borrowings from $50,000. Package eligibility applies1.
Featured rate
Owner Occupied with Principal and Interest repayment
2.62% p.a.*
Interest rate with
Home Loan Package
3.06% p.a.
Comparison Rate
^ Comparison rate warning applies
Refinancing your home loan?
When you see a world that others don't, you see unique opportunities. Right now, refinance your current home loan to HSBC with a minimum of $250k and receive $3,288 cashback** and you can benefit by:
Reducing your monthly repayments with a lower rate
Decreasing the time it takes to pay off your home loan
Building your equity faster with a lower rate
Available on refinance applications submitted to HSBC from 15 February 2021 to 31 May 2022 and settled by 31 July 2022. See terms and conditions for full details.
Enjoy a discount on the Standard Variable Rate with a Home Loan Package

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.
Relationship 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.
Standard Variable Rate interest rates
Principal and Interest |
Interest Rate | Comparison Rate |
---|---|---|
Standard Variable Reference Rate |
4.76% p.a. |
5.19% p.a. |
Standard Variable Rate (with Package) |
2.62% p.a.* |
3.06% p.a. |
Principal and Interest |
Standard Variable Reference Rate |
---|---|
Interest Rate |
4.76% p.a. |
Comparison Rate |
5.19% p.a. |
Principal and Interest |
Standard Variable Rate (with Package) |
Interest Rate |
2.62% p.a.* |
Comparison Rate |
3.06% p.a. |
Principal and Interest |
Interest Rate | Comparison Rate |
---|---|---|
Standard Variable Reference Rate |
5.38% p.a. |
5.80% p.a. |
Standard Variable Rate (with Package) |
2.82% p.a.* |
3.25% p.a. |
Principal and Interest |
Standard Variable Reference Rate |
---|---|
Interest Rate |
5.38% p.a. |
Comparison Rate |
5.80% p.a. |
Principal and Interest |
Standard Variable Rate (with Package) |
Interest Rate |
2.82% p.a.* |
Comparison Rate |
3.25% p.a. |
The rates shown are for principal and interest repayment and are current as of 23 May 2022. Rates are subject to change.
^ Comparison Rate Warning Applies
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 fees and charges guide.
Apply for a Variable Rate Home Loan
Call us, visit a branch or start a conversation online.
Online
Complete our online enquiry form and one of our Relationship Managers will be in touch with you.
By phone
Call us on 1300 694 722
In branch
Find your nearest branch to branch finder to speak to us in person.
Useful documents
You might be interested in

Compare Home Loans
Compare our range of HSBC Home Loans.

Home Loan calculators
Find the facts and figures you need to help make decisions.

Guide to buying a property
Information to help you through the process of buying your home.

Investing in property
Information to help you make your first big investment into property.