HSBC Fixed Rate Home Loan – details and expert advice for December 2021


Main characteristics

If you are looking for an award winning home loan with a low fixed rate, it may be worth adding the HSBC Fixed Rate Home Loan to your shortlist. Rates start as low as 1.88% pa (comparison rate of 2.65% pa *) for a loan term of 2 years. The available loan terms range from 1 to 5 years, which means that for the duration of your fixed term, you won’t have to worry about a sudden rise in rates.

Plus, if you want to pay off your loan sooner, you’ll be interested to learn that you can make additional free repayments of up to $ 10,000 per year. There is more good news for refinancers as well, as HSBC is currently offering cash back up to $ 3,288! To be eligible for this offer, you will need to be a new customer, refinance a home loan of at least $ 250,000 and apply by March 31, 2022. If you are eligible for the offer, cashback will be credited to your HSBC transaction or on your house. Loan account within 60 days of settlement.

However, keep in mind that there is no possibility of withdrawal, so you will not be able to access these funds if you decide you need them later.

With this loan you also have the possibility of splitting your repayments between a fixed rate part and a variable rate part. This way, you can keep the security that comes with a fixed rate, while also benefiting from a potentially lower variable rate.

Finally, an added bonus to this home loan is the inclusion of the HSBC Premier World Mastercard, with no annual fee. You can use the card to earn reward points with airline reward programs, including Asia Miles and Singapore Airlines’ KrisFlyer. Remember, the card carries an annual interest rate of 19.99% per annum, which you can avoid if you pay off your purchases in full within 55 days without interest.


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