Why choose a Variable Rate Loan?
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A 100% balance offset account, available on standard variable rate loans
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Choose from weekly, fortnightly or monthly repayments
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The flexibility to make additional repayments
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Minimum borrowing amount $50,000
Interest Rates
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
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
| Rate Type | Owner Occupied | Investor |
|---|---|---|
Interest Rate (Principal and Interest) |
4.91% p.a. |
5.53% p.a. |
Comparison Rate (Principal and Interest) |
4.97% p.a. |
5.60% p.a. |
Interest Rate (Interest Only) |
4.91% p.a. |
5.83% p.a. |
Comparison Rate (Interest Only) |
4.97% p.a. |
5.71% p.a. |
| Rates current as at: (and subject to change) |
22 July 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.
| 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
Existing customers
Existing HSBC Australia customers with online banking
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