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.
Interest Rates
8.50% p.a.1
9.06% p.a.
Comparison Rate
(^Comparison rate warning applies)
Receive funds fast in 4 easy steps
1.Get your rate in a minute
Enter your details to get a personalised rate. This will not impact your credit score.
2.Apply Online
Tell us how much you want to borrow and complete the application.
3.Verify yourself online
We can verify your identity and upload your documents online.
4.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 |
from 8.50% p.a. to 16.99% p.a.1 |
| Comparison rate(^Comparison rate warning applies) | from 9.06% p.a. to 17.53% p.a. |
Establishment fee |
$150 |
Monthly account servicing fee |
$5 |
Early termination fee |
$199 |
Rate Type |
Fixed interest rate |
|---|---|
Details |
from 8.50% p.a. to 16.99% p.a.1 |
Rate Type |
Comparison rate(^Comparison rate warning applies) |
Details |
from 9.06% p.a. to 17.53% p.a. |
Rate Type |
Establishment fee |
Details |
$150 |
Rate Type |
Monthly account servicing fee |
Details |
$5 |
Rate Type |
Early termination fee |
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
- 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
Renovation Loan FAQs
What is the interest rate on an HSBC Renovation Loan?
The interest rate on an HSBC Renovation Loan is personalised. When you apply online, you will receive an indicative interest rate on your renovation loan.
Fixed Interest Rate from 8.50% p.a. to 16.99% p.a.
Comparison Rate from 9.06% p.a. to 17.53% 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 along with your indicative Renovation Loan interest rate.
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 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 Consultants will be in touch within 2 business days.
Important information
You might be interested in
Personal Loans
View all of our HSBC personal loans that are available.
Wedding Loan
Make your special day even more memorable with the freedom and flexibility of a wedding loan.
Car Loan
A car loan can put you in the driver's seat of a new or used car.
Holiday Loan
A holiday loan will see your vacation really take off with competitive rates on a super flexible loan.