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HSBC Home Smart Loan (Package)

The HSBC Home Smart Loan (Package) offers variable rates from 5.99% p.a. (6.36% p.a. comparison rate*).


Updated 26 April 2025


Fact checked and verified. Updated 26 April 2025
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Interest Rates
Enter scenario to see relevant rates
I want to borrow
with a deposit of
for my
Principal & Interest(% p.a.)
Rate
Type
Interest
Rate
Comparison
Rate*

Variable

5.99%

6.36%

Variable Index

8.51%

8.85%

Expert Review

If you're after a fully featured home loan with package benefits, then the HSBC Home Smart Loan (Package) is worth considering. As part of a broader home lending package and one of HSBC's most comprehensive home loan offerings, it features variable interest rates across the Owner Occupier and Investor categories. HSBC also offers a basic home loan option, so it is prudent to consider what's most important to you before applying. Further details about the HSBC Home Smart Loan (Package) options and benefits are outlined below.

Package overview, Owner Occupied and Investor loans:
Under the Package, there is the option to being able to make extra repayments and in the future, redraw funds if desired. In terms of repaymentsPrincipal and Interest repayments are available.
Specifically for Owner Occupier loans, under the package:
Pricing includes a $390 annual fee, and a reasonable variable rate starting from 5.99% p.a. (6.36% p.a. comparison rate) on Principal and Interest repayments. Keep in mind that these rates should be negotiable if you are borrowing a sizeable amount, particularly if you also hold a large deposit or equity in the property. Also, the HSBC Home Smart Loan (Package) does require a minimum of either 20% deposit or 20% existing equity. Often anything above these amounts will help you further negotiate a lower interest rate.
Specifically for Investor loans, under the package:
Pricing includes a $390 annual fee, and a reasonable variable rate starting from 6.19% p.a. (6.56% p.a. comparison rate) on Principal and Interest repayments. Please note, this investor loan requires a minimum 20% deposit or 20% existing property equity. For lending above these amounts, you'll be positioned well to negotiate a lower interest rate.
Summary
Considering the range of options available with this product under the package, this home loan will appeal to a range of people, either as a home owner or as an investor. It will also appeal to someone where the established HSBC brand and service is important, or for those who prefer a traditional bank home loan, rather than borrowing through a smaller or less known lender.

Product Details
The Home Smart Loan offers the freedom of an equity loan plus the benefits of a variable rate principal and interest mortgage. Any additional funds that you pay into the Home Smart Loan allows you to pay off your home loan quicker."
- HSBC
Fees

•

$0 establishment fee

•

$390 ongoing annual fee

Other fees may apply.

Loan Amount

•

From $50,000

Feature

•

Make extra repayments

•

Redraw extra repayments that you have made

•

Package discounts and benefits

TMD

Before applying for this product, you should read the Target Market Determination (TMD) available here on the HSBC website.

More information
* Comparison rate is based on a secured loan of $150,000 over a 25 year term. 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.
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