flagFounded: 1866 overseas, 1965 in Australia

businessOwned by: HSBC Group, listed on the London Stock Exchange

monetization_onFunded by: Retail deposits and wholesale capital markets

securityLMI Provider: Genworth

account_balanceLender type:International Bank

HSBC is not an available lender on our panel. This is a review only.

HSBC is the 5th largest bank in the world and has been a popular choice in Australia for people of Chinese descent and international borrowers.

They built up a large following using their partnership with mortgage brokers only to withdraw from the broker market and sell their customer’s loans to Firstmac in a surprise move in 2006.

They’ve predominantly targeted the Chinese community in Australia for home loans and overseas for investment loans, as they recognise the HSBC brand from Hong Kong where it has a much larger presence.

How do HSBC’s home loans compare?


  • Overseas investors
  • Multi-language banking for Chinese borrowers
  • Offering lower interest rates if you have a large deposit
  • Offering good interest rates to their Premier customers who live overseas
  • No credit scoring
  • DUA with QBE (mortgage insurer) allowing them to write more loans
  • Good online banking system


But there’s a catch…

They don’t deal with many mortgage brokers, which means there isn’t someone on your side to keep the bank honest!

Will your HSBC lender call you up to let you know that your rate is no longer competitive? Of course not!

It’s almost certain that older HSBC home loans will be on a much higher interest rate than the home loans being offered to entice new customers.

If you choose to go with HSBC, then you need to check your interest rate every year to make sure that they haven’t played any games. We regularly check the rates of our customer’s loans and either renegotiate or refinance if their lender can’t give them what they are giving to new customers.

What are HSBC really good at?

HSBC was a market leader with their Market Linked Loan. This was a foreign currency loan that was used by foreign investors or Australians who have an income in another currency.

Australian lenders including HSBC are no longer offering foreign currency loans. However, you can still borrow in Australian Dollars (AUD) to buy Australian property if you are an Australian expat or foreign citizen with other lenders.

What home loan types do HSBC offer?

HSBC’s home loan offerings include their Home Value Loan, Variable and Fixed Rate Loans, and Premier Loans.

Most of their home loans ranges have owner occupied, investor, interest only, fixed, and 100% offset options to suit your needs.

As a point of difference, their Premier customers enjoy an HSBC Premier Mastercard with HSBC rewards and no annual credit card fee, along with the option of a dedicated relationship manager.

Tip for applying with HSBC

Use HSBC’s Documentation Requirements checklist to prepare for your mortgage application.

Note: Please refer to HSBC for their most up-to-date document requirements.

Compare HSBC to other lenders

Not sure which lender is right for you? Our Home Loan Experts can help!

Talk to one of our mortgage brokers by calling us on 1300 889 743 or complete our free assessment form.