Top of main content
A happy kid enjoying funny pillow fight with dad sitting on sofa; image used for HSBC Variable Rate Home Loan page.

Standard Variable Rate Home Loan

A variable rate home loan is ideal for new and existing properties or as a construction loan.

Why Choose a Standard Variable Rate Mortgage?

Make extra payments as often as you like and combine with an offset account to save on interest. A variable rate home loan is great for both existing properties or as a construction loan.

  • 100% offset account to save on interest repayments

  • Flexibility to redraw additional payments for free

  • A Relationship Manager to guide you through the process

  • Receive $3,288 cashback** when refinancing to HSBC. Minimum refinance amount applies, see terms and conditions for full details.

* Promotional offer available on new borrowings from $50,000. Package eligibility applies1.

Featured rate

Owner Occupied with Principal and Interest repayment

2.29% p.a.*

Interest rate with

Home Loan Package

2.74% p.a.

Comparison Rate

 

^ Comparison rate warning applies

Refinancing your home loan?

When you see a world that others don't, you see unique opportunities. Right now, refinance your current home loan to HSBC with a minimum of $250k and receive $3,288 cashback** and you can benefit by:

  • Reducing your monthly repayments with a lower rate

  • Decreasing the time it takes to pay off your home loan

  • Building your equity faster with a lower rate

Available on refinance applications submitted to HSBC from 15 February 2021 to 31 December 2021 and settle by 28 February 2022. See terms and conditions for full details.

Enjoy a discount on the Standard Variable Rate with a Home Loan Package

An indoor tent, a sofa and some boxes.

Benefit from a discount on the standard variable rate with the HSBC Home Loan Package, and for one annual fee of $390 you also enjoy:

  • $0 Establishment Fee
  • $0 Valuation Fee2
  • $0 Settlement Fee

Features & Benefits

Get the flexibility you want with the features and benefits you need.

Offset Account

Save on interest while still having access to your money with a 100% offset savings account.

Free redraws

Unlimited access to free redraws so that you have access to your money when you need it.

Relationship Manager

A helping hand to guide you through the process.

Free transactions from your Offset Account

Easy access to your home loan with a Debit card, Apple Pay3, and unlimited free local transactions.

Standard Variable Rate interest rates

Principal and Interest for owner occupied

Principal and Interest
 Interest Rate Comparison Rate
Standard Variable Reference Rate
 4.51% p.a.
 4.94% p.a.
Standard Variable Rate (with Package)
 2.29% p.a.*
 2.74% p.a.

Principal and Interest for owner occupied

Principal and Interest
 Standard Variable Reference Rate
Interest Rate 4.51% p.a.
Comparison Rate
 4.94% p.a.
Principal and Interest
 Standard Variable Rate (with Package)
Interest Rate 2.29% p.a.*
Comparison Rate
 2.74% p.a.

Principal and Interest for investments

Principal and Interest
 Interest Rate Comparison Rate
Standard Variable Reference Rate

5.13% p.a.

5.55% p.a.
Standard Variable Rate (with Package)
 2.54% p.a.*
 2.98% p.a.

Principal and Interest for investments

Principal and Interest
 Standard Variable Reference Rate
Interest Rate

5.13% p.a.
Comparison Rate

5.55% p.a.
Principal and Interest
 Standard Variable Rate (with Package)
Interest Rate 2.54% p.a.*
Comparison Rate
 2.98% p.a.

The rates shown are for principal and interest repayment and are current as of 11 October 2021. Rates are subject to change.

^ Comparison Rate Warning Applies

See all home loan package interest rates

See all home loan reference rates

Fees

  • $600 Establishment Fee ($0 with Package)
  • $150 Settlement Fee ($0 with Package)
  • Valuation Fee quoted on application ($0 with Package2)
  • $300 variation fee for changes to your loan

Other fees and charges may apply. Please refer to fees and charges guide.

Apply for a Variable Rate Home Loan

New customers

New HSBC Australia customers or existing customers who do not have online banking.

Apply by phone or branch 

You might be interested in

A couple selecting home finishes in their new home; image used for Compare Variable Rate Home Loans page.

Compare Home Loans

 

Compare our range of HSBC Home Loans.

A calculator; image used for Home Loans Calculators page.

Home Loan calculators

 

Find the facts and figures you need to help make decisions.

A woman looking at plans; image used for Buying and selling your home page.

Guide to buying a property

 

Information to help you through the process of buying your home.

A man pouring coffee at home; image used for Property Investment page.

Investing in property

 

Information to help you make your first big investment into property.

Terms & Conditions 

^ The comparison rate is based on a secured loan of $150,000 over the term of 25 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.

Interest rate is current as at 11 October 2021 and is subject to change. Maximum loan amount is $15,000,000.

Available on new borrowings from $50,000.

*Excludes LVR above 70%.

** $3,288 cashback offer: To be eligible for the $3,288 refinance cashback, you must submit your new home loan applications for full approval between 15 February 2021 and 31 December 2021 and settled by 28 February 2022 and have refinanced from a financial institution other than HSBC Bank Australia. The offer is only available once per customer within this period. Maximum cashback amount of $3,288. Limit of one $3,288 cashback payment per borrowing entity and per customer. Where a home loan has more than one applicant and one applicant receives the cashback, all applicants are deemed to have received the cashback. Minimum refinance amount of $250,000 applies. Offer excludes construction loans, bridging loans and principal increases, non-residents and non-natural persons (such as trusts and companies). Cashback will be credited into your HSBC Transaction or Home Loan account within 60 days of settlement. Tax consequences may arise from this promotion for investors and you should seek independent financial or legal advice. Offer current as at 1 October 2021 and subject to change. Credit criteria, fees and charges apply.

  1. To be eligible for HSBC Home Loan Package, you must have minimum borrowings of $150,000 and pay the annual package fee of $390. The package fee will be deducted from the loan proceeds at settlement, and charged to the package home loan on the first business day of the loan anniversary month. Excludes non-resident applications.
  2. Standard valuations only.

    Credit provided by HSBC Bank Australia Limited ABN 48 006 434 162. Australian Credit Licence/AFSL 232595. Home Loan Terms, Personal Banking Booklet, fees and charges and lending criteria apply.