What are the break costs for fixed-rate loans with HSBC?

Break costs can apply if you pay off your fixed-rate loan early or switch to a variable rate. These costs can be significant, so it's important to discuss this with your HSBC representative before making changes.

What fees should I expect when discharging my HSBC mortgage?

When you discharge your mortgage with HSBC, there is a discharge fee of $395. For any inquiries, you can contact them at 1300 308 008.

How much would I save on a $500,000 loan with HSBC compared to the market?

With a $500,000 loan at 5.99% over 30 years, you could save $166 per month compared to the market, totaling $59,688 over the loan term.

Are there any hidden fees with HSBC home loans?

HSBC charges a high annual Home Loan Package Fee of $390 per borrowing entity and a discharge fee of $395. Be sure to review all terms to avoid surprises.

What happened during the service interruption on June 20, 2026?

HSBC experienced scheduled maintenance on June 20, 2026, which caused interruptions in credit card and personal loan services. It's advisable to plan around such maintenance periods.

Can I negotiate rate discounts or fee waivers when refinancing with HSBC?

Yes, HSBC may offer rate discounts or fee waivers as part of retention offers when you refinance. These are subject to negotiation, so it's worth discussing with their team.

What are the monthly repayments for a $1,000,000 loan at 5.99% with HSBC?

For a $1,000,000 loan at 5.99% over 30 years, your monthly repayment would be $5,989, with total interest amounting to $1,156,068.

Does HSBC offer any benefits with their home loan packages?

Yes, HSBC's Home Loan Package includes options for discounted rates and fee waivers, along with $0 establishment, valuation, and settlement fees.

How much can I save on a $750,000 loan with HSBC?

With a $750,000 loan at 5.99% over 30 years, you could save $249 per month compared to the market, totaling $89,533 over the loan term.

UPDATED JUL 20, 2026

HSBC Home Loans: The 2026 Review

Enjoy discounted rates with HSBC's Home Loan Package, featuring $0 establishment fees. Beware of the $390 annual fee. Ready for premium benefits with cashback? Explore now!

Bheja Verdict

Very Good

4.0/5

✓

Highly competitive rates across products

✓

Wide range of loan options

Check Eligibility

HSBC Home Loans At a Glance

🏷️Best Rate Available

5.99%

Variable • Owner Occupied

💳Application Fee

$600

Upfront fee applies

📅Monthly Fee

Ongoing service fee

Loan Range:$20K - $15.0M

LVR:Up to 96%

Products:142 variations

Offset Account:Available

Current HSBC Home Loan Rates

Last updated: July 2026

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Average Rate: 7.08%
Best Rate: 6.09%
Monthly Payment: $3,027

Advanced

Sort By

Home Value Loan
HSBC
20%-30% DepositRedraw
6.09%
Interest Rate
Variable
6.10%
Comparison Rate*
$3,027
per month
Principal And Interest
Visit Lender’s Site
Check Eligibility
Fees:
Application
$600
Discharge
$395+ other fees may apply
Standard Variable (Package)
HSBC
20%-30% DepositOffsetRedraw
6.24%
Interest Rate
Variable
6.61%
Comparison Rate*
$3,075
per month
Principal And Interest
Visit Lender’s Site
Check Eligibility
Fees:
Application
$600
Ongoing/year
$390
Discharge
$395+ other fees may apply
Home Smart (Package)
HSBC
Min 20% DepositRedraw
6.24%
Interest Rate
Variable
6.61%
Comparison Rate*
$3,075
per month
Principal And Interest
Visit Lender’s Site
Check Eligibility
Fees:
Application
$600
Ongoing/year
$390
Discharge
$395+ other fees may apply
Home Value Loan
HSBC
10%-20% DepositRedraw
6.39%
Interest Rate
Variable
6.40%
Comparison Rate*
$3,124
per month
Principal And Interest
Visit Lender’s Site
Check Eligibility
Fees:
Application
$600
Discharge
$395+ other fees may apply
Standard Variable (Package)
HSBC
10%-20% DepositOffsetRedraw
6.54%
Interest Rate
Variable
6.90%
Comparison Rate*
$3,174
per month
Principal And Interest
Visit Lender’s Site
Check Eligibility
Fees:
Application
$600
Ongoing/year
$390
Discharge
$395+ other fees may apply
Home Smart (Package)
HSBC
10%-20% DepositRedraw
6.54%
Interest Rate
Variable
6.90%
Comparison Rate*
$3,174
per month
Principal And Interest
Visit Lender’s Site
Check Eligibility
Fees:
Application
$600
Ongoing/year
$390
Discharge
$395+ other fees may apply
Home Value Loan - Reference Rate
HSBC
Min 10% DepositRedraw
8.15%
Interest Rate
Variable
8.90%
Comparison Rate*
$3,721
per month
Principal And Interest
Visit Lender’s Site
Check Eligibility
Fees:
Application
$600
Discharge
$395+ other fees may apply
Standard Variable - Reference Rate
HSBC
Min 10% DepositOffsetRedraw
8.76%
Interest Rate
Variable
9.45%
Comparison Rate*
$3,937
per month
Principal And Interest
Visit Lender’s Site
Check Eligibility
Fees:
Application
$600
Ongoing/year
$390
Discharge
$395+ other fees may apply
Home Smart - Reference Rate
HSBC
Min 10% DepositRedraw
8.76%
Interest Rate
Variable
9.71%
Comparison Rate*
$3,937
per month
Principal And Interest
Visit Lender’s Site
Check Eligibility
Fees:
Application
$600
Ongoing/year
$390
Discharge
$395+ other fees may apply

HSBC Product Statistics

Real-time insights and market analysis

HSBC offers 19 home loan products across 142 variations, the average variable rate is 7.22% p.a., the best available rate is 5.99% p.a..

Average Variable Rate

7.22%

40 products

Average Fixed Rate

7.01%

102 products

Best Available Rate

5.99%

Variable • Owner Occupied • P&I

Total Products

142 variations

Fee Summary

Application Fee

$600

Monthly Fee

Discharge Fee

$395

Late Payment Fee

Key Features

Across HSBC's range: 15 include an offset account, 40 offer redraw, 142 allow extra repayments, 142 support split loans.

Offset Account

11%

Redraw Facility

28%

Extra Repayments

100%

Split Loan

100%

Product Ranges

HSBC's interest rates range from 5.99% to 9.78% p.a., maximum LVR from 60% to 96%, loan amounts span $20,000 to $15,000,000.

Interest Rates5.99% — 9.78%

Max LVR60% — 96%

Loan Amount$20K — $15.0M

Disclaimer: The key features displayed highlight what's available across the lender's home loan range. Individual products and variations may differ. Use the product table to search for a loan with the specific features you're looking for.

How HSBC Compares

FEATURE	HSBC	Rabobank	Bank of China	ING BANK (Australia) Ltd	Arab Bank Australia Limited
Best Variable Rate	5.99%	—	5.93%	5.99%	6.15%
Best Fixed Rate (3yr)	6.34%BEST	—	6.39%	6.39%	7.30%
Application Fee	$600	$0	$350	$0	$600
Monthly Admin Fee	$0BEST	$0	$0	$0	$8
Offset Account		—
Redraw Facility		—
Product Variations	142	0	38	101	23

💡

Bheja Insight: HSBC offers offset accounts like most international banks, helping reduce interest while keeping funds accessible.

About HSBC

Company overview and contact information

HSBC Bank Australia Limited, established in 1965, is a wholly owned subsidiary of HSBC Holdings plc. As the only universal international bank operating in Australia since the 1980s deregulation, HSBC maintains a strong presence with 36 branches nationwide. It operates under Australian Credit Licence 232595, ensuring compliance with local regulations.

HSBC offers a diverse range of 19 home loan products with 142 variations, featuring competitive rates from 5.99% to 9.78%. Customers can benefit from fixed repayment certainty and discounted rates through their Home Loan Package, which also waives establishment, valuation, and settlement fees.

What sets HSBC apart is its combination of global expertise and local service. The bank provides unique programs like fee waivers and discounted rates, ensuring no ongoing fees for customers. This positions HSBC as a reliable choice for those seeking comprehensive home loan solutions.

Company Details

Legal Name: HSBC Bank Australia Limited

ABN: 48006434162

Established: 1965

Ownership: Wholly owned subsidiary

Parent Company: HSBC Holdings plc

Key Features

HSBC offers Australian borrowers a range of home loan products with features designed for financial flexibility and cost savings, including options for extra repayments and split loan balances. With competitive rates and digital conveniences, HSBC caters to diverse borrowing needs.

Extra Repayments

HSBC allows borrowers to make up to $10,000 in extra repayments per year on fixed rate loans, providing the opportunity to reduce the loan principal faster and save on interest over time.

Split Loan Balance

Borrowers can split their loan balance into separate fixed and variable rate accounts, offering the stability of fixed rates while benefiting from potential interest savings on variable rates.

Unlimited Free Redraws

HSBC provides unlimited free redraws, allowing borrowers to access extra repayments they’ve made, offering flexibility in managing their finances.

Offset Account

HSBC offers a 100% offset account, which can significantly reduce interest payments. For example, a $100,000 offset can save up to $5,988 annually.

No Ongoing Fees

HSBC’s Home Loan Package includes $0 establishment, valuation, and settlement fees for an annual fee of $390, reducing upfront costs for borrowers.

Visa Debit Card

A linked Visa Debit card is available, providing easy access to funds and facilitating everyday transactions, enhancing convenience for borrowers.

Mobile Banking App

HSBC's mobile app enables borrowers to manage their home loan, make transfers, and track repayments, offering a seamless digital experience.

Interest-Only Periods

HSBC offers interest-only terms of up to 3 years for owner-occupiers and up to 5 years for investors, providing flexibility in managing cash flow during the loan term.

Rate Lock Option

Borrowers can secure their interest rate for 90 days with HSBC’s rate lock option, protecting against potential rate increases before settlement.

Home Loan Package Discounts

HSBC offers discounted rates and fee waivers with its Home Loan Package, providing cost-effective borrowing solutions for eligible customers.

Fees & Charges

HSBC offers a comprehensive range of home loan products with various fees, some of which can be waived under certain conditions. Their fee structure includes upfront, ongoing, and other conditional fees, providing flexibility and transparency for borrowers.

Fee Type

Amount

Description

Establishment Fee

$0-$600

Charged when processing a loan application. Waived with Home Loan Package.

Valuation Fee

Variable

Applied when a valuation is required. Waived with Home Loan Package up to $200.

Settlement Fee

$0-$150

Charged when the loan is first drawn. Waived with Home Loan Package or promotional offer.

Home Loan Package Fee

$390/year

Charged annually for package benefits. 50% discount for eligible HSBC Premier customers.

Discharge Fee

$395

Applied when discharging the mortgage over the security property.

Loan Variation Fee

$300

Charged when agreeing to vary the loan agreement.

Break Costs

Variable

Applies if changes are made during a fixed interest period, such as switching rates or products.

Guarantor Preparation Fee

$100

Charged when preparing a guarantee document for a guarantor.

Multiple Security Property Fee

$150

Charged for preparing each mortgage for the third security or more.

PEXA Electronic Transaction Service Fee

Variable

Charged for electronic settlements, based on operator charges.

Fees subject to change. Refer to lender documentation for current rates.

Eligibility Criteria

HSBC offers home loans to Australian residents, providing flexible borrowing options with competitive rates and packages for various financial needs.

Must be at least 18 years old to apply.

Must be an Australian resident.

Minimum loan amount of $20,000 required.

Maximum Loan-to-Value Ratio (LVR) of 80% without Lenders Mortgage Insurance (LMI).

Deposit of at least 10%-20% required, or LMI payment if less than 20%.

Proof of income, such as payslips or tax returns, is required.

Proof of identity, such as a passport or driver's license, is required.

Details of current financial commitments must be provided.

Property details and purchase contract must be submitted.

Important Notes

LMI is required for loans with an LVR above 80%.
A $390 annual package fee applies for the Home Loan Package, offering benefits like $0 establishment and settlement fees.
HSBC advises seeking independent financial advice before applying.
Discharge fee of $395 applies when closing a loan.

HSBC Home Loan Pros & Cons

Our expert take on whether HSBC is right for you

Pros

+Competitive rates at market average
+Up to $10,000 extra repayments per year
+Unlimited free redraws
+No ongoing fees with Home Loan Package
+$0 establishment, valuation, and settlement fees with package

Cons

–High discharge fee of $395
–High annual Home Loan Package Fee of $390
–Break costs for fixed – rate loans
–Past trust issues due to scam failures

Best For

Borrowers seeking flexible repayment options
Customers interested in splitting loan balances
Individuals looking for no ongoing fees

Not Ideal For

High net worth individuals needing large loans
Borrowers concerned about past trust issues

💡

Bheja Verdict: HSBC offers competitive home loan rates with attractive features, but potential borrowers should be aware of some hidden fees and past trust issues.

Expert Secrets (Why Use Us?)

Insider knowledge about HSBC that most borrowers don't know

LMI Cost Examples

1For a $500,000 loan at 85% LVR, LMI costs $6,000.

2At 90% LVR, the LMI for a $500,000 loan rises to $12,500.

3A $500,000 loan at 95% LVR incurs an LMI of $21,000.

4For a $750,000 loan at 85% LVR, LMI is $9,000.

Fee Waivers

HSBC offers fee waivers on establishment, valuation, and settlement fees with their Home Loan Package, subject to a $390 annual fee.

Home Loan Package includes $0 establishment, settlement, and valuation fees for a $390 annual fee.

Offset Benefits

A $10,000 offset account can save approximately $50 per month, equating to $600 per year.

A $25,000 offset account can save approximately $125 per month, equating to $1,500 per year.

A $50,000 offset account can save approximately $250 per month, equating to $3,000 per year.

A $100,000 offset account can save approximately $499 per month, equating to $5,988 per year.

Admin & Logistics (The Help Desk)

Everything you need to manage your loan

Application Process

6 Steps

Contact HSBC Discharge Team: Call the discharge team at 1300 308 008 to initiate the process and inquire about necessary documents. (Tip: Prepare all your loan documents before making the call to streamline the process.)

Ensure Loan Obligations Are Met: Verify that all loan obligations are fulfilled, including any outstanding payments. (Tip: Check your loan account online or with a representative to confirm no pending dues.)

Submit Discharge Form: Complete and submit the required discharge form as instructed by the discharge team. (Tip: Ask if the form can be submitted electronically for faster processing.)

Pay Discharge Fee: Pay the discharge fee of $395 as part of the discharge process. (Tip: Inquire about any promotional offers that might waive this fee.)

Book Settlement: Coordinate with your solicitor or conveyancer to book the settlement date. (Tip: Ensure the settlement date aligns with any property sale or refinance timelines.)

Finalize Discharge: Complete any final steps as directed by HSBC to finalize the discharge. (Tip: Confirm receipt of all final documents and clearance from HSBC.)

Processing Times

Discharge Process10-14 business days from form submission to discharge completion.

💡

Pro Tips

Request the discharge at least 2 weeks before your planned settlement date to avoid delays.
Check for any promotional offers that might waive the discharge fee.
Ensure all documents are prepared before contacting the discharge team to expedite the process.
Verify all loan obligations are met to avoid any last-minute issues.
Consider negotiating for any retention offers if you are refinancing.

HSBC Mortgage Calculator

Estimate your repayments using current HSBC home loan rates

Over 30 years, borrowing $480,000 at 5.99%, total cost including interest and known fees could be around $1,036,058. Estimated monthly repayment: $2,874.76.

Home loan option

Property price

Your deposit

Loan term (years)Repayment frequency

Estimated total cost over 30 years

$1,036,058

Estimated repayment

$2,874.76

monthly repayment

Amount you borrow: $480,000 · At 5.99% · Variable — can change with the market

This loan can be split between fixed and variable. This estimate uses one option only.

Known fees in this estimate

Application fee: $600
Settlement fee: $150
Discharge fee: $395
Total ongoing fees (30 yrs): $0

How is this calculated?

Estimated total cost includes the amount borrowed, interest over the full loan term, and any upfront, ongoing, and discharge fees published by the lender. It does not include stamp duty, LMI, or savings from an offset account.

The revert rate is the rate your loan may switch to when a fixed, introductory, or interest-only period ends. Where a lender hasn't published this rate, we use an estimate.

Cost breakdown

Amount you borrow: $480,000
Total interest: $554,913
Upfront fees: $750
Ongoing fees: $0
Discharge fee: $395
Estimated total cost: $1,036,058

These figures are estimates only. Your actual repayments and costs may differ. Confirm all details with your lender before making a decision.
Where a lender hasn't published their revert rate (the rate that applies after a fixed, introductory, or interest-only period ends), we estimate it. Your repayments may change when this period ends.
Split loans and offset accounts aren't included in this estimate.
For product comparison and comparison rates, see the rates table above.

Still Unsure? Let a human handle it.

Not sure if HSBC is right for you? Our brokers can help you compare options.

Frequently Asked Questions

HSBC typically provides conditional approval within 5-7 business days after you submit your application. Full approval usually takes 10-15 business days, depending on how quickly your documents are verified.