6 June 2019

HSBC statement regarding interest rates

HSBC confirms that it will decrease variable home loan interest rates for owner occupiers and investors by 0.22% p.a., following the Reserve Bank of Australia’s decision on Tuesday 4 June.

Following the change, HSBC’s Home Value owner occupied principal and interest will be 3.47% p.a.* (comparison rate 3.48% p.a.), making it one of the most competitive rates available in the market.

Key changes:

  • Owner Occupied Principal and Interest Standard Variable Rate home loan cut by 0.22% p.a. to 5.11% p.a.
  • Owner Occupied Interest Only Standard Variable Rate home loan cut by 0.22% to 5.11% p.a.
  • Investor Principal and Interest Standard Variable Rate home loan cut by 0.22% to 5.73% p.a.
  • Investor Interest Only Standard Variable Rate home loan cut by 0.22% to 6.03% p.a.

All variable rate reductions are effective from 17 June 2019.

An HSBC Australia spokesperson said:

"With one of the lowest variable home loan rates available in the market, our priority is to continue to offer homebuyers greater choice and affordability, backed by exceptional customer service.

“With rates now at historically low levels, we encourage customers to speak with us in branch, on the phone or via one of our broker partners about their home buying ambitions.”

* New borrowings, Terms and Conditions apply.

Media enquiries:

David Matthews
T: +61 2 9006 5682
M: +61 424 859 836
Email: david1.matthews@hsbc.com.au

Ashleigh Baines
T: +61 2 9255 2385
M: +61 466 939 408
Email: ashleigh.baines@hsbc.com.au