HSBC Home Equity
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80.00%
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Moneybuddy says
The HSBC Home Equity lets you access cash as long as you have at least 20% equity in your home. You only have to pay the minimum monthly interest payments each month. Redraw cash when you need to, split the loan for the best of both worlds, take the loan with you when you make another housing purchase, make extra repayments, all with no monthly account keeping fees.
The Basics
Interest type -
Headline interest rate -
Max LVR 80.00%
Annual fee -
The cool stuff: features
Draw down loan progressively -
Insurance details -
Loan is Transferable Yes
Line of credit available Yes
Product suits -
The Facts & Figures
Introductory rate -
Introductory term -
Interest rate 1 year -
Interest rate 2 years -
Interest rate 3 years -
Interest rate 4 years -
Interest rate 5 years -
Interest rate 7 years -
Interest rate 10 years -
Interest rate 15 years -
Comparison rate 1 year -
Comparison rate 2 years -
Comparison rate 3 years -
Comparison rate 4 years -
Comparison rate 5 years -
Comparison rate 7 years -
Comparison rate 10 years -
Comparison rate 15 years -
Comparison rate -
Minimum loan term -
Maximum loan term -
Min loan amount $20,000
Max loan amount $1,000,000
Early repayments Yes
Redraw facility Yes
Repayment holiday No
Ability to split loan Yes
Extra repayments Yes
Offset account available No
Interest only payments Yes
The ugly stuff: fees
Application fee $500
Valuation fee -
Subsequent valuation fee -
Valuation fee details -
Discharge fee -
Discharge fee details -
Legal fee -
Settlement fee -
Redraw fee -
* Important note: All information provided by advertiser or taken from advertiser website and correct at time of publishing. If this information is incorrect, please contact us.
Pros
- Pay interest only every month
- Redraw facility
- No monthly fees
- Package discounts available
Cons
- No introductory rate
More from HSBC
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