HSBC announces rate changes to support home loan customers
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Ashleigh Baines
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M: +61 466 939 408
Email: ashleigh.baines@hsbc.com.au
Changes to fixed interest rates with the new HSBC Home Loan Package#
For owner occupiers paying principal and interest:
- 1.88% p.a. on a two-year term (comparison rate 2.98% p.a.^)
- 2.09% p.a. on a three-year term (comparison rate 2.97% p.a.^)
For investors paying principal and interest:
- 2.29% p.a. on a two-year term (comparison rate 3.29% p.a.^)
- 2.39% p.a. on a three-year term (comparison rate 3.26% p.a.^)
The new HSBC Home Loan Package will be available to customers from Thursday 19 November 2020.
Jessica Power, Head of Wealth and Personal Banking, HSBC Australia, said: “We want to support the economic recovery by reducing our fixed interest rates for both owner occupiers and investors.
“The move will assist the increasing number of customers who are seeking the certainty of low fixed interest rates to help manage the ongoing challenges posed by the pandemic.”
For more information, contact HSBC’s mortgage experts who specialise in owner occupier and investment loans. Customers can enquire in-branch, over the phone or via one of our broker partners.
# Eligibility criteria applies to the HSBC Home Loan Package, including a minimum lending requirement of $150,000 and LVR <=80%. An annual package fee of $390 per annum is payable. Excludes non-resident applicants. Issued by HSBC Bank Australia Limited. ABN 48 006 434 162 Australian Credit Licence/AFSL 232595
^ The comparison rate is based on a secured loan of $150,000 over the term of 25 years. WARNING: The 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.