HSBC Australia announces changes to home loan interest rates

New standard variable (SVR) rates

• Owner Occupied Principal and Interest SVR home loans reduced by 0.25% p.a. to 4.51% p.a.
• Owner Occupied Interest Only SVR home loan reduced by 0.25% p.a. to 4.51% p.a.
• Investor Principal and Interest SVR home loan reduced by 0.25% p.a. to 5.13% p.a.
• Investor Interest Only SVR home loan reduced by 0.25% p.a. to 5.38% p.a.

All variable rate reductions are for new and existing loans, and are effective from Monday 23 March 2020.

Jessica Power, Head of Retail Banking and Wealth Management said: “In making this decision to pass on the full rate cut to new and existing customers we’re playing our part to support the community.”

“Our highly competitive headline rate will fall even further to 2.65% p.a. (comparison 2.66% p.a.), making it one of the lowest mortgage rates ever offered by HSBC in Australia.”

For more information, contact HSBC’s local mortgage experts who specialise in owner-occupied and investment loans, and who can also help with your broader financial needs. Customers can enquire in-branch, over the phone or via one of our broker partners.