HSBC home loan repayment calculator

Thinking about taking out a home loan with HSBC? Use our home loan calculator to see how much you’d have to repay under different borrowing scenarios. You can also see how HSBC home loans compare with other options.

I am an

With a repayment type

Borrow amount

$

Deposit amount %

Loan term

Your estimated repayments

at interest rate 3.27 %

Total interest payable

$0

Total amount payable

$0

Pros and cons

  • Large variety of home loan products.
  • Extensive customer support.
  • Opportunity to bundle with other HSBC products.
  • Offers discounts on interest rates.
  • Some loans have moderate to high fees.
  • Some interest rates aren’t competitive.

HSBC home loans rates

Product
Advertised Rate
Total estimated upfront fees
Comparison Rate*
Ongoing fee
Go to site
Company

3.27%

Variable

$150

3.28%

$0
HSBC
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3.39%

Fixed - 3 years

$450

4.55%

$35 monthly
HSBC
More details

3.59%

Fixed - 5 years

$750

4.55%

$0
HSBC
More details

4.50%

Variable

$150

4.56%

$0
HSBC
More details

4.50%

Variable

$750

4.60%

$0
HSBC
More details

3.54%

Fixed - 4 years

$750

4.63%

$0
HSBC
More details

3.49%

Fixed - 3 years

$750

4.74%

$0
HSBC
More details

3.79%

Fixed - 3 years

$750

4.83%

$0
HSBC
More details

3.29%

Fixed - 2 years

$750

4.84%

$0
HSBC
More details

3.59%

Fixed - 2 years

$750

4.89%

$0
HSBC
More details

3.19%

Fixed - 1 year

$750

4.99%

$0
HSBC
More details

3.49%

Fixed - 1 year

$750

5.02%

$0
HSBC
More details

3.89%

Fixed - 5 years

$750

5.02%

$0
HSBC
More details

4.09%

Fixed - 5 years

$750

5.12%

$0
HSBC
More details

3.84%

Fixed - 4 years

$750

5.13%

$0
HSBC
More details

5.11%

Variable

$750

5.17%

$0
HSBC
More details

5.11%

Variable

$750

5.17%

$0
HSBC
More details

5.12%

Variable

$750

5.18%

$0
HSBC
More details

4.04%

Fixed - 4 years

$750

5.22%

$0
HSBC
More details

5.19%

Variable

$750

5.25%

$0
HSBC
More details

3.79%

Fixed - 3 years

$750

5.27%

$0
HSBC
More details

5.42%

Variable

$750

5.30%

$0
HSBC
More details

3.99%

Fixed - 3 years

$750

5.33%

$0
HSBC
More details

3.64%

Fixed - 2 years

$750

5.40%

$0
HSBC
More details

3.84%

Fixed - 2 years

$750

5.44%

$0
HSBC
More details

3.59%

Fixed - 1 year

$750

5.58%

$0
HSBC
More details

3.79%

Fixed - 1 year

$750

5.60%

$0
HSBC
More details

5.73%

Variable

$750

5.80%

$0
HSBC
More details

5.73%

Variable

$750

5.80%

$0
HSBC
More details

6.03%

Variable

$750

5.92%

$0
HSBC
More details

6.18%

Variable

$750

6.24%

$0
HSBC
More details

HSBC customer service

HSBC customers are spoilt for choice when it comes to contacting customer support. The HSBC contact centre hotline operates round the clock giving account holders 24/7 access to customer support. In addition, HSBC customer can contact a personal banking representative directly by email or by using the online enquiry form. HSBC also gives its customers the option of directing customer enquiries through Twitter. Customers also have the option of chatting directly with HSBC customer support through the online chat function on the HSBC website.

  • Customer service (phone, email branch)
  • Mobile app
  • Online banking
  • Live Chat

How to Apply

Borrowers wanting to apply for an HSBC home loan can either complete an online enquiry form, pop into a branch or call through to the Contact Centre for more support. Before applying for an HSBC home loan, consider what you can afford to borrow and what other costs you need to factor in. To apply for an HSBC home loan, you will need to supply the following information:

  • Proof of identity by providing 100 points of identification.
  • Proof of income and employment including employers contact details.
  • Provide a list of debts, assets and liabilities.

About HSBC home loans

HSBC home loans are popular options for investors buying property using foreign currency (expatriate home loans and market linked home loans) thanks to the bank’s large presence in Hong Kong.

However, it also offers a range of other home loans, including owner-occupier home loans, local investor home loans, construction loans and lines of credit.

HSBC offers home loans to suit a variety of borrowers in Australia:

  • Investors
  • First homebuyers
  • Renovators
  • Upgraders
  • Refinancers
  • Seniors (home equity loans)

Borrowers can also choose from a variety of interest rate options on HSBC mortgages:

  • Principal-and-interest home loans
  • Interest-only home loans
  • Split home loans
  • Variable interest rates
  • Fixed interest rates

Some HSBC home loans come with limited-time interest rate discounts and other introductory offers. HSBC Premier home loans also offer additional benefits to customers who meet the eligibility requirements.

HSBC home loan rates

HSBC home loan rates range from moderately low to high depending on the type of borrower and home loan. Generally speaking, owner occupiers paying principal and interest receive the lowest interest rates while investors paying interest only receive the highest interest rates.

Home loan rates can also vary based on whether they are variable or fixed, and how much of a deposit is put down.

Typically, HSBC borrowers who can make large deposits can also negotiate lower interest rates. With this in mind, HSBC home loans are generally geared towards customers with existing capital – although high-LVR loans are available in some circumstances.

In terms of fees, upfront fees tend to be high, while ongoing fees tend to be very low. A discharge fee may also apply at the end of the loan term. Loan repayments can be made weekly, fortnightly or monthly.

HSBC home loans review

HSBC offers a range of home loan options, primarily aimed at overseas and local investors. However, it also offers home loans for first homebuyers, upgraders and refinancers.

While some HSBC home loans come with moderately low interest rates, others attract high interest rates – so it’s important to compare what’s on the market before deciding if an HSBC home loan is the most suitable option.

Similarly, some HSBC mortgages come with an offset account and redraw facility while others don’t, meaning the level of flexibility depends on the type of home loan chosen.

Although HSBC is an established and well-known bank, it isn’t necessarily the cheapest when it comes to interest rates and fees. Borrowers may get the most value out of their home loan by taking advantage of rate discounts, special offers or other benefits through HSBC Premier.

Is the competition just for home loans? What about personal/car loans and credit cards?

This competition is currently for home loans only.

You may still be able to save money by checking the interest rates, fees, and charges on your personal loan, car loan or credit card – compare your options at RateCity.

But keep your eyes open – we may add options for car loans, personal loans, credit cards and more in the future.

What is principal and interest'?

‘Principal and interest’ loans are the most common type of home loans on the market. The principal part of the loan is the initial sum lent to the customer and the interest is the money paid on top of this, at the agreed interest rate, until the end of the loan.

By reducing the principal amount, the total of interest charged will also become smaller until eventually the debt is paid off in full.

What is a bad credit home loan?

A bad credit home loan is a mortgage for people with a low credit score. Lenders regard bad credit borrowers as riskier than ‘vanilla’ borrowers, so they tend to charge higher interest rates for bad credit home loans.

If you want a bad credit home loan, you’re more likely to get approved by a small non-bank lender than by a big four bank or another mainstream lender.

How do guaranteed home loans work?

A guaranteed home loan involves a guarantor (often a parent) promising to pay off a mortgage if the principal borrower (often the child) fails to do so. The guarantor will also have to provide security, which is often the family home.

The principal borrower will usually be someone struggling to find the money to enter the property market. By partnering with a guarantor, the borrower increases their financial power and becomes less of a risk in the eyes of lenders. As a result, the borrower may:

  • Qualify for a mortgage that they would have otherwise been denied
  • Not be required to pay lender’s mortgage insurance (LMI)
  • Be charged a lower interest rate
  • Be charged less in fees

How much deposit will I need to buy a house?

A deposit of 20 per cent or more is ideal as it’s typically the amount a lender sees as ‘safe’. Being a safe borrower is a good position to be in as you’ll have a range of lenders to pick from, with some likely to offer up a lower interest rate as a reward. Additionally, a deposit of over 20 per cent usually eliminates the need for lender’s mortgage insurance (LMI) which can add thousands to the cost of buying your home.

While you can get a loan with as little as 5 per cent deposit, it’s definitely not the most advisable way to enter the home loan market. Banks view people with low deposits as ‘high risk’ and often charge higher interest rates as a precaution. The smaller your deposit, the more you’ll also have to pay in LMI as it works on a sliding scale dependent on your deposit size.

What do mortgage brokers do?

Mortgage brokers are finance professionals who help borrowers organise home loans with lenders. As such, they act as middlemen between borrowers and lenders.

While bank staff recommend home loan products only from their own employer, brokers are independent, so they can recommend products from a range of institutions.

Brokers need to be accredited with a particular lender to be able to work with that lender. A typical broker will be accredited with anywhere from 10 to 30 lenders – the big four banks, as well as a range of smaller banks, credit unions and non-bank lenders.

As a general rule, brokers don’t charge consumers for their services; instead, they receive commissions from lenders whenever they place a borrower with that institution.

Mortgage Calculator, Loan Purpose

This is what you will use the loan for – i.e. investment. 

Does Real Time Ratings' work for people who already have a home loan?

Yes. If you already have a mortgage you can use Real Time RatingsTM to compare your loan against the rest of the market. And if your rate changes, you can come back and check whether your loan is still competitive. If it isn’t, you’ll get the ammunition you need to negotiate a rate cut with your lender, or the resources to help you switch to a better lender.

What are the pros and cons of no-deposit home loans?

It’s no longer possible to get a no-deposit home loan in Australia. In some circumstances, you might be able to take out a mortgage with a 5 per cent deposit – but before you do so, it’s important to weigh up the pros and cons.

The big advantage of borrowing 95 per cent (also known as a 95 per cent home loan) is that you get to buy your property sooner. That may be particularly important if you plan to purchase in a rising market, where prices are increasing faster than you can accumulate savings.

But 95 per cent home loans also have disadvantages. First, the 95 per cent home loan market is relatively small, so you’ll have fewer options to choose from. Second, you’ll probably have to pay LMI (lender’s mortgage insurance). Third, you’ll probably be charged a higher interest rate. Fourth, the more you borrow, the more you’ll ultimately have to pay in interest. Fifth, if your property declines in value, your mortgage might end up being worth more than your home.

What is Real Time Ratings?

Real Time RatingsTM ranks home loans according to cost and flexibility. This allows you to compare products using a simple score out of five.

Our world-first system analyses almost 4,000 mortgages based on your individual requirements. Best of all, the results are generated in real time, so if a lender has just hiked its interest rates or introduced extra fees, our system has factored this in.

Who chooses the winner?

The winner will be chosen randomly from our entries on 21 May 2020 by Loyalty.com.au, in the presence of an independent scrutineer.

How much money can I borrow for a home loan?

Tip: You can use RateCity how much can I borrow calculator to get a quick answer.

How much money you can borrow for a home loan will depend on a number of factors including your employment status, your income (and your partner’s income if you are taking out a joint loan), the size of your deposit, your living expenses and any other debt you might hold, including credit cards. 

A good place to start is to work out how much you can afford to make in monthly repayments, factoring in a buffer of at least 2 – 3 per cent to allow for interest rate rises along the way. You’ll also need to factor in additional costs that come with purchasing a property such as stamp duty, legal fees, building inspections, strata or council fees.

If you are planning on renting the property, you can factor in the expected rental income to help offset the mortgage, but again it’s prudent to add a significant buffer to allow for rental management fees, maintenance costs and short periods of no rental income when tenants move out. It’s also wise to factor in changes in personal circumstances – the typical home loan lasts for around 30 years and a lot can happen between now and then.

Does Australia have no-deposit home loans?

Australia no longer has no-deposit home loans – or 100 per cent home loans as they’re also known – because they’re regarded as too risky.

However, some lenders allow some borrowers to take out mortgages with a 5 per cent deposit.

Another option is to source a deposit from elsewhere – either by using a parental guarantee or by drawing out equity from another property.

Remuneration disclaimer

Why do I need to enter my current mortgage information?

We use your current mortgage details to calculate the potential savings if you were to change lenders, and also to help us point you to loans that may meet your needs.

For example – if you live in the house you own, we’ll make sure we show you the owner-occupier rates, which are typically cheaper than investor rates. Or if you have less than 20% equity in your property, then we won’t show you the deals that require a greater amount of equity.