HSBC Home Equity

HSBC
Headline interest rate p.a.
-
Max LVR
-
Annual fee
-

Moneybuddy says

The HSBC Home Equity lets you access cash as long as you have at least **% 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 p.a. -

Max LVR -

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 p.a. -

Introductory term -

Interest rate (p.a.) 1 year -

Interest rate (p.a.) 2 years -

Interest rate (p.a.) 3 years -

Interest rate (p.a.) 4 years -

Interest rate (p.a.) 5 years -

Interest rate (p.a.) 7 years -

Interest rate (p.a.) 10 years -

Interest rate (p.a.) 15 years -

Comparison rate (p.a.) 1 year -

Comparison rate (p.a.) 2 years -

Comparison rate (p.a.) 3 years -

Comparison rate (p.a.) 4 years -

Comparison rate (p.a.) 5 years -

Comparison rate (p.a.) 7 years -

Comparison rate (p.a.) 10 years -

Comparison rate (p.a.) 15 years -

Comparison rate p.a. -

Minimum loan term -

Maximum loan term -

Min loan amount -

Max loan amount -

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 -

Valuation fee -

Subsequent valuation fee -

Valuation fee details -

Discharge fee -

Discharge fee details -

Legal fee -

Settlement fee -

Redraw fee -

* Important note: All product information comes from the product provider or an affiliate and to the best of our knowledge is correct at time of publishing.

Pros

  • Pay interest only every month
  • Redraw facility
  • No monthly fees
  • Package discounts available

Cons

  • No introductory rate
 

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home > compare home loans > HSBC home loans > HSBC Home Equity