HSBC Fixed Rate Home Loans
If you are looking for a home loan that provides protection from interest rate rises, gives you a good range of features and options, and doesn’t penalise you from making any extra payments up to the value of $10,000 then you should speak to Home Loan Finder about an HSBC fixed rate home loan.
Options Available On HSBC Fixed Rate Home
HSBC offers a good range of features and options on their fixed rate home loan, they also have a number of terms and interest rates to choose from:
- Interest only
The interest only option allows the HSBC customer to repay just the interest on their home loan this means that the repayments are lower but you won’t reduce the balance of your home loan for as long as you use this option.
- Repayment frequency
You get three options for paying a HSBC fixed rate home loan these choices are monthly weekly or fortnightly. Having such a range of repayments frequencies means that you are sure to be able to find one that suits you and your financial situation, you should consider paying your home loan weekly because it normally means that you’ll be able to pay off your home loan faster as it works out that you are actually making more repayments throughout the year, even if you don’t pay more than the minimum.
- Low Doc version
If you are self-employed or do not have traditional documentation of your income then you don’t have the miss out on being able to apply for an HSBC fixed rate home loan. This is because they have had a low doc version that is especially suited to people that own their own business.
- Splitting
Splitting the home loan is a great way to take advantage of other features that are not available on this home loan for example just because you would like to have the security from interest rate rises doesn’t mean that you have to miss out completely on the flexibility of a variable home loan. For example you could split your $400,000 home loan in the following way, you could have $300,000 as an HSBC fixed rate home loan and have the remaining $100,000 as an HSBC variable home.
- Paying extra
You will not be charged any fees for making any extra repayments on your HSBC fixed rate home loan up to the amount of $10,000 this rare fixed rate feature allows you to reduce the balance of your home loan and saves interest by making extra repayments or simply paying a little bit extra each time. It’s important to remember that even paying just that little bit extra each week will make a big difference to the total cost of your home loan.
The HSBC fixed rate home loan has a $600 application fee and $0 ongoing monthly fees, making this loan suitable the people who would like to buy or invest in residential property between the value of $50,000 and $7,500,000. The maximum loan to value ratio is 90% with mortgage insurance.
If you think of the HSBC fixed rate home loan is suited to you then you should get in touch with Home Loan Finder and they will be able to discuss your financial situation to help you decide whether or not this loan is suitable and if it’s not they will be able to recommend a home loan that is. Getting in touch with Home Loan Finder is as simple as filling out the online enquiry form or calling our Australian call centre.
Top Home Loans
| Home Loan | Details | Interest Rate (p.a.) | Comp Rate^ (p.a.) | App Fee / Ongoing Fee | Max LVR | Min & Max Borrowing | |
|---|---|---|---|---|---|---|---|
 Loans.com.au - Dream Catcher | A home loan offer with a $0 application fee and one of the lowest available home loan interest rates. | 5.85% | 6.21% | $0 / $375 | 80% | $50,000 / $750,000 |
 
|
 Bankwest Online Home Loan | A low interest rate home loan with a $0 application fee and ongoing maintenance fees. This offer is exclusively available by applying online. | 5.97% | 5.97% | $0 / $0 | 80% | $100,000 / $1,000,000 |
|
 Illawarra Home Loans Bank Beater Home Loan | A low variable rate, beaten down even further by 0.05% p.a. after 5 years. | 6.07% | 6.35% | $0 / $345 | 90% | $250,000 / $1,000,000 |
|
 State Custodians Mortgage Company Standard Variable Offset Loan | Awarded the 2011 Non bank Lender of the Year this feature-packed loan rewards customers with a bonus rate drop of 0.25% after 5 years. | 6.02% | 6.23% | $0 / $345 | 95% | $150,000 / $1,000,000 |
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