HSBC - Home Value Loan
Variable | Investment | Principal & Interest | LVR between 60% and 70% | Borrowing between $50,000 and $15,000,000
The HSBC Home Value Loan offers an advertised interest rate of 6.29% p.a. and a comparison interest rate of 6.29% p.a.. The HSBC Home Value Loan is suitable for Investors with Variable terms.
More HSBC Home Value Loan details can be found below or visit HSBC to learn more or apply.
A Variable rate loan for Investors repaying the Principal & Interest with an advertised interest rate of 6.29% p.a. and a comparison interest rate of 6.29% p.a.
Advertised Rate
6.29% p.a. Variable
Comparison Rate
6.29% p.a. Variable
Application Fee
$0 one off
Loan To Value
60% to 70%
Interest
Rate Type
Variable
Advertised Rate
6.29% p.a.
Variable
Comparison Rate
6.29% p.a.
Variable
Calculation Frequency
Daily
Application Frequency
Monthly
Terms
Suitability
Investors
Borrowing
$50,000 to $15.0m
Term
1 to 30
years
Loan To Value
60% to 70%
Repayment
Type
Principal & Interest
Frequency
Weekly, Monthly, Fortnightly
Extra Repayments
Yes
Fees
Application Fee
$0
one off
Settlement Fee
$0
per event
Ongoing Fee
$0
per month
Discharge Fee
$300
per event
Switch Loan Fee
$300
per event
Features
Redraw
Yes
Loan Switching
Yes
Who is the product designed for?
The target market for this product are customers who are likely to have the following objectives, needs and financial situation.
Objectives
- to purchase residential property
- to re-finance an existing home loan in respect of a residential property
- to access equity built up in an existing residential property
- to consolidate debts
Needs
- to take advantage of potential future interest rate decreases earlier than if the rate were fixed
- to reduce interest payable by making additional repayments
- the ability to manage variable and unpredictable income and/or expenses
- the ability to minimize interest paid over the life of the loan
- the ability to build up equity from the commencement of the loan
- the ability to repay loan sooner on account of reduced interest repayments
- to borrow minimum of $50,000 and maximum of $15 million
- a term between 1 year and 30 years
Financial situation
Consumers who satisfy each of the following:
- in any one or more of the following life stages:
- first home buyers, subsequent home buyers or re-financers
- owner/occupiers or investors
- are at least 18 years of age
- employed, self-employed or earning another form of income and with ongoing, regular and reliable income for the foreseeable future or an anticipated change to their income and with sufficient surplus discretionary income (after tax, living expenses and financial commitments) to make the required loan repayments
- hold a minimum 10% - 20% deposit in savings or equity in property
Visit HSBC to view Target Market Determination Effective From: 2023-10-05.
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