Why choose a renovation loan from HSBC?

There's so much to think about when renovating - but at least with a renovation loan, budgeting for those little extras is one less thing to think about.

  • Quick approval

    Start planning your renovations sooner, knowing exactly how much your budget will be.

  • Borrow from $5,000 to $50,000

    That way, you can have enough to cover any unexpected surprises.

  • Flexible loan terms from 1 - 5 years

  • Easy online application

    Applying online only takes about 10 minutes, and you'll get a response in 60 seconds.

  • Get a personalised rate

    Interest rates range from 8.50% to 16.99% p.a.1 Complete a short form to find out your Equifax Score Band as well as the indicative interest rate you could be eligible for, without affecting your credit rating.

Interest Rates

from
8.50% p.a.1
Fixed Rate
from
9.06% p.a.
Comparison Rate

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.

Rates and fees – Renovation Loan

Rates and fees for a Renovation Loan

Rate Type

Details

Fixed interest rate

from 8.50% p.a. to 16.99% p.a.1 

Comparison rate

from 9.06% p.a. to 17.53% p.a.

Establishment fee

$150

Monthly account servicing fee

$5

Early termination fee

$199

1 Rate is applicable to new applications received from:

(and subject to change)

18 March 2019

 

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 fees and charges guide for full details.

Ready to apply for a 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

  • Complete a short form to know if you are eligible & get your personalised rate
  • Get an instant response in 60 seconds
  • Track application and upload documents online

Apply for an HSBC Renovation Loan

Ready to Apply?

By clicking on Get Started, you will be taken to a short form hosted by our partner Equifax, to determine your Equifax Score Band and the indicative interest rate you could be eligible for.

Want to talk later?

Fill in our short online enquiry form and one of our Relationship Managers will be in touch within 2 business days.

 

Apply by phone or branch

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Terms & Conditions

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All applications are subject to HSBC lending criteria. Terms and conditions (PDF, 262 KB), fees and charges (PDF, 185 KB) apply.

1Rates are applicable to new applications and are subject to change. Interest rates range from 8.50% p.a. to 16.99% p.a.1 and is based on the applicant’s individual Equifax Score Band and may be different to the lowest advertised interest rate. Early termination fee does not apply in the last 6 months of the loan term.

HSBC have partnered with Equifax who is an Australian consumer credit reporting body. When obtaining your Equifax Score Band, a soft credit check is performed which will not impact your credit rating.