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A couple selecting home finishes in their new home; image used for HSBC Reference Rate Home Loans page.

Reference Rate

We offer a range of mortgages designed to suit you.

Below is a summary of all of our current reference rates, which is the loan’s interest rate before a discount may be applied.

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Home Value Loan

Reference rates for home value loan owner occupiers

Reference rate
Interest rate
Comparison rate^
Principal + Interest 3.90% p.a.
3.96% p.a.
Interest only
3.90% p.a.
3.96% p.a.

Reference rates for home value loan owner occupiers

Reference rate
Principal + Interest
Interest rate
3.90% p.a.
Comparison rate^
3.96% p.a.
Reference rate
Interest only
Interest rate
3.90% p.a.
Comparison rate^
3.96% p.a.

Standard Variable Rate

Reference rates for standard variable rate owner occupiers

Reference rate
Interest rate
Comparison rate^
Principal + Interest
4.51% p.a.
4.93% p.a.
Interest only
4.51% p.a.
4.93% p.a.

Reference rates for standard variable rate owner occupiers

Reference rate
Principal + Interest
Interest rate
4.51% p.a.
Comparison rate^
4.93% p.a.
Reference rate
Interest only
Interest rate
4.51% p.a.
Comparison rate^
4.93% p.a.

Home Smart

Reference rates for home smart owner occupiers

Reference rate
Interest rate
Comparison rate^
Principal + Interest
4.51% p.a.
4.93% p.a.

Reference rates for home smart owner occupiers

Reference rate
Principal + Interest
Interest rate
4.51% p.a.
Comparison rate^
4.93% p.a.

Home Equity

Reference rates for home equity owner occupiers

Reference rate
Interest rate
Comparison rate^
Interest only 4.59% p.a.
-

Reference rates for home equity owner occupiers

Reference rate
Interest only
Interest rate
4.59% p.a.
Comparison rate^
-

Fixed Rate Loans*

Principal and interest for fixed rate loans owner occupiers

Reference rates
Interest rate
Comparison rate^
1 Year

2.40% p.a. 

3.29% p.a. 
2 Years

2.40% p.a. 

3.21% p.a. 
3 Years

2.50% p.a. 

3.17% p.a.
5 Years

2.85% p.a. 

3.19% p.a.

Principal and interest for fixed rate loans owner occupiers

Reference rates
1 Year
Interest rate

2.40% p.a. 

Comparison rate^
3.29% p.a. 
Reference rates
2 Years
Interest rate

2.40% p.a. 

Comparison rate^
3.21% p.a. 
Reference rates
3 Years
Interest rate

2.50% p.a. 

Comparison rate^
3.17% p.a.
Reference rates
5 Years
Interest rate

2.85% p.a. 

Comparison rate^
3.19% p.a.

Interest only for fixed rate loans owner occupiers

Reference rates
Interest rate
Comparison rate^
1 Year

2.90% p.a. 

3.61% p.a. 
2 Years

2.90% p.a.

3.55% p.a. 
3 Years
3.00% p.a. 
3.52% p.a. 
5 Years
-
-

Interest only for fixed rate loans owner occupiers

Reference rates
1 Year
Interest rate

2.90% p.a. 

Comparison rate^
3.61% p.a. 
Reference rates
2 Years
Interest rate

2.90% p.a.

Comparison rate^
3.55% p.a. 
Reference rates
3 Years
Interest rate
3.00% p.a. 
Comparison rate^
3.52% p.a. 
Reference rates
5 Years
Interest rate
-
Comparison rate^
-

How to apply

New customers

New HSBC Australia customers or existing customer who do not have online banking

Existing customers

Existing HSBC Australia customers with online banking

^ 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.

Maximum loan amount is $15,000,000. Interest rate is current as at 12 April 2021 and is subject to change.

* Fixed Rates Revert to HSBC’s Standard Variable Rate. Fixed break costs may apply if repayments are greater than $10,000 per year or if the fixed contract is broken before the end of the fixed loan term.

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