Why choose a renovation loan from HSBC?
Are you looking to renovate a kitchen? Decorate a bedroom? Even landscape a garden? Whatever you want to do to improve your home, with a Renovation Loan from HSBC you can make it happen faster.
By arranging a Renovation Loan, you have a set budget, set repayments, and you’re ready to start making where you live truly yours. Borrow what you need, from $5,000 to $50,000 with flexible loans terms from 1 – 5 years.
For a limited time only
Comparison Rate
Receive funds fast in 3 easy steps
1.Apply Online
Tell us how much you want to borrow and complete the application.
2.Verify yourself online
We can verify your identity and upload your documents online.
3.Receive the funds
Funds will be released to your account the next day upon approval of the loan and acceptance of your letter of offer.
Rates and fees – Renovation Loan
Rate Type |
Details |
|---|---|
Fixed interest rate |
Flat rate 12.99% p.a. |
| Comparison rate (^Comparison rate warning applies) | 13.54% p.a. |
Establishment fee |
$150 |
Monthly account servicing fee |
$5 |
Early termination fee1 |
$199 |
Rate Type |
Fixed interest rate |
|---|---|
Details |
Flat rate 12.99% p.a. |
Rate Type |
Comparison rate (^Comparison rate warning applies) |
Details |
13.54% p.a. |
Rate Type |
Establishment fee |
Details |
$150 |
Rate Type |
Monthly account servicing fee |
Details |
$5 |
Rate Type |
Early termination fee1 |
Details |
$199 |
^The comparison rate is based on an unsecured loan of $30,000 over the term of 5 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 apply for other account services. Please refer to our current Personal Banking Booklet (PDF, 1.50 MB) for full details.
Ready to apply for an HSBC Renovation Loan?
Who can apply
- Must be over 18 and be an Australian resident
- Earn at least $40,000 p.a.
- Have a good credit rating
Information needed
- Identification
- Address details
- Income and employment
What to expect
- Apply online
- Get a response in 60 seconds
- Track application and upload documents online
Renovation Loan FAQs
What is the interest rate on an HSBC Renovation Loan?
For a limited time only
Flat Rate 12.99% p.a.
Comparison Rate 13.54% p.a.
^Comparison rate warning applies
What is included in the monthly repayment amount?
Your standard monthly repayment will include, interest on loan, monthly service fee, loan repayments. Other payment may apply such as late payment fee, and dishonour fees. Your standard monthly repayments will depend on the amount you are approved for, as well as, the term of your loan.
How long does it take to apply for an HSBC Renovation Loan?
You can apply online in around 10 minutes. You will then receive a response in around 60 seconds.
Can I change the frequency of my repayments?
No, your Renovation Loan repayments are fixed monthly over the life of the loan. However, you do have the flexibility to make extra repayments to your Renovation Loan.
Apply for an HSBC Renovation Loan
Ready to Apply?
By clicking on Get started, you will be taken to our online application and get a response in 60 seconds.
Want to talk later?
Fill in our short online enquiry form and one of our Consultants will be in touch within 2 business days.
If you need additional support with your application, please call us on 1300 131 605 (Monday to Friday, 8:00am to 8:00pm AEST) or visit your local branch.
Important information
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