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HSBC Premier Home Equity Home Loan

How an HSBC Premier Home Equity Home Loan works

Provided that you own at least 20 per cent equity in your home, you can take advantage of our HSBC Premier Home Equity Home Loan. It differs from other loans because:

  • It is a continuous line of credit that gives you access to the funds you need to forge ahead
  • It operates just like an overdraft, but without the high interest rates
  • It gives you the freedom to pay off your home faster and build your asset base
  • It requires a disciplined approach and good money management
  • You can access it via your HSBC EFTPOS (Electronic Funds Transfer at Point of Sale) Card, cheque book or internet banking

As you build your assets, you’ll find that the HSBC Premier Home Equity Home Loan offers many advantages, including:

  • The opportunity to pay off your loan faster
  • A smarter way to work with the money you have
  • A competitive, variable interest rate
  • Flexibility to repay the principal when you choose

Splitting your loan

By ‘splitting’ part of your loan into a fixed interest rate component, you can protect yourself against rising interest rates.

Before you apply, it's a good idea to make sure you are prepared.

Answering your questions

We are happy to help you with any questions you may have. Alternatively, you may also want to refer to some of the frequently asked questions our customers ask us about buying a home.

A helpful checklist

We've created a how to apply checklist that covers helpful information such as:

  • What HSBC needs to know – a comprehensive list of information you may need when you apply
  • What you need to do – to help you understand the steps involved in buying your home
  • What costs are involved – to help you budget
  • How long things might take – to help you plan ahead

Other useful information

Please also refer to the useful information section, which includes:

  • Important considerations associated with having an HSBC home loan so there are no surprises
  • Home buying glossary – we aim to keep things simple, but here is a glossary of unfamiliar terms
  • A list of useful websites you might need as part of the home–buying process
  • Buying tips in case it's your first home purchase

Some terms and conditions you should be aware of:

You may need to pay us a prepayment loss recovery if a loan is repaid (in full or in part) or switched to another loan during the fixed rate period. Full particulars of the prepayment loss recovery or break cost formula is contained in your loan agreement which will be disclosed to you or your solicitor prior to signing or click here to find out more now. For HSBC Premier eligibility criteria, normal lending criteria apply. HSBC Retail Banking and Wealth Management terms and conditions  and HSBC Retail Banking and Wealth Management fees and charges apply. Details are also available upon request from any HSBC branch.

Home loan calculators

Check out our home loan calculator to see just how much difference extra repayments can make to your overall loan.

Home loan calculator