HSBC Home Value Loan Review (2026)
HSBC Home Value Loan Review (2026)Rates and details verified 24 June 2026
Rates can change without notice. Last verified: 24 June 2026 (AEST). Please confirm details on the bank’s official page.
OO P&I (≤60% LVR)
5.99%
p.a. variable (comp. 6.00%)
Investment P&I
6.19%
p.a. ≤60% LVR (comp. 6.20%)
LVR tiers
4
rate bands published
About the HSBC Home Value Loan
HSBC Australia is a subsidiary of HSBC Holdings, one of the world's largest banks. Their Home Value Loan is a no-frills variable rate product with no annual fee and no offset account. It offers one of the most comprehensive publicly-published LVR rate schedules of any Australian bank — with 4 distinct pricing tiers covering all LVR scenarios from below 60% to above 80%.
For borrowers with at least 40% equity (≤60% LVR), the 5.99% rate is competitive among major banks. For investors, HSBC also publishes a full investment P&I schedule, making rate comparison straightforward.
HSBC Investment Home Loan Rates
HSBC is one of the few lenders to publish a full investment home loan rate schedule rather than quoting "on application". Investment P&I rates start at 6.19% p.a. (comparison rate 6.20%) for loans at ≤60% LVR, then step up to 6.24% (60–70%), 6.29% (70–80%) and 6.59%above 80% LVR — the full breakdown is in the table below.
With no annual fee and the same no-frills structure as the owner-occupier loan, the HSBC investment loan is worth comparing if you hold solid equity in the investment property. Interest-only is available on request. As an investor you can also weigh it against the other lenders in our home-loan comparison.
Key Rates and Features
| Rate / Feature | Detail |
|---|---|
| OO P&I (≤60% LVR) | 5.99% p.a. (comp. 6.00%) |
| OO P&I (60–70% LVR) | 6.04% p.a. (comp. 6.05%) |
| OO P&I (70–80% LVR) | 6.09% p.a. (comp. 6.10%) |
| OO P&I (>80% LVR) | 6.39% p.a. (comp. 6.40%) |
| Investment P&I (≤60% LVR) | 6.19% p.a. (comp. 6.20%) |
| Investment P&I (60–70% LVR) | 6.24% p.a. (comp. 6.25%) |
| Investment P&I (70–80% LVR) | 6.29% p.a. (comp. 6.30%) |
| Investment P&I (>80% LVR) | 6.59% p.a. (comp. 6.60%) |
| Interest-only (IO) | Available — contact lender |
Rates as at 24 June 2026. Check HSBC's rates page for the latest.
Pros and Cons
Pros
- ✓ Full LVR + investment rate schedule publicly published
- ✓ International bank — strong brand and digital banking
- ✓ No annual fee on Home Value Loan
Cons
- ✗ Best rate requires ≤60% LVR (40% deposit/equity)
- ✗ 5.99% — behind the cheapest non-bank and digital lenders (PMG 5.59%, Unloan 5.89%, Up Home 5.95%)
- ✗ No offset on the Home Value product
How It Compares
- Macquarie Bank Basic Home Loan6.09% p.a. — OO P&I (≤70% LVR)
- HSBC Australia Home Value LoanReviewed here5.99% p.a. — OO P&I (≤60% LVR)
- Westpac Flexi First Option (Online Offer)6.44% p.a. — OO P&I (≤70% LVR)
- loans.com.au Variable Home Loan (Bare)6.04% p.a. — OO P&I (≤90% LVR)
Related guides
FAQs
What is the HSBC variable rate?
5.99% p.a. OO P&I at ≤60% LVR (comp. 6.00%). At 70-80% LVR: 6.09% p.a.
Does HSBC have investment rates?
Yes — from 6.19% p.a. (≤60% LVR) to 6.59% p.a. (>80% LVR), all published on their rates page.
Does the Home Value Loan have an offset account?
No — the Home Value Loan is a no-frills product. HSBC's Home Smart product (with package) includes an offset but carries a higher comparison rate.
Comparison rate based on a $150,000 loan over 25 years. Information verified 24 June 2026. Confirm rates, fees, and eligibility on HSBC's website before applying. This is not financial advice.