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1 Year Fixed P&I Owner Loan: 5.79% for Owner Occupied (CR 6.29%), 5.99% for Investment (CR 6.47%) for LVR under 80% @ HSBC

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1 Year Fixed P&I Owner Loan: 5.79% for Owner Occupied (CR 6.29%), 5.99% for Investment (CR 6.47%) for LVR under 80% @ HSBC
Go to Deal
AssociatedDuol Loans @ Duol Loans on 29/08/2024 - 14:52 hsbc.com.au (129 clicks)
Last edited 29/08/2024 - 15:05

Hello Bargain hunters;

For anyone looking to refinance or make a purchase, below is a summary of HSBC's offers

• 5.79% 1 year fixed rate on Principle & Interest under 80% LVR – Owner Occupied (OO) - Comparison Rate (CR) 6.29%
• 5.99% 1 year fixed rate on Principle & Interest under 80% LVR – Investment - CR 6.47%
• 6.09% 1 year fixed rate on Interest only - Under 80% LVR – Investment - CR 6.39
• 6.09% 1 year fixed rate on Interest only under 80% LVR – OO -CR 6.31%

•2 year fixed rate is 0.1% lower than above rates
•3 year fixed rate is 0.2% lower than above rates.

• $390 annual package fee/ $195 if you are a HSBC Premier
• Variable revert rate will depend on LVR/Loan size, and we negotiate this with HSBC when my team and I assess/qualify your situations for the refinance
• My team and I, will advise your revert rate once we confirm with HSBC prior to application
• HSBC turn around time is currently 2-3 business day to provide application respond as of 29.8.24 (this can change if large volume of application)
• A lot of time; I only need payslips, ID and could settle within 2 weeks but I'll set expectation after my team and I do our initial checks, prior to application

How to be a HSBC Premier - https://www.hsbc.com.au/premier/

Comparison rates (CR) on title & above were recalculated using below;
• 400k loan balance
• 25 years loan term
• 5.79% for OO or 5.99% for Investment fixed for 12 months
• Variable P/I revert rate of 6.19% for OO or 6.39% for Investment
• 390 annual fee with 300 discharge fee on leaving

For a free no-obligation discussion, please give me a call/email below.
Vutha Thach - Director/Mortgage Broker - Duol Loans
M: 0434192151
E: [email protected]
W - www.duol.com.au
Credit Representative Number 498979 is authorised under Australian Credit Licence Number 389087

Financial Home Loan Investment Loan Loan Refinance

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closed Comments

  • bohn on 29/08/2024 - 15:04
    +11

    If you get enough clients, you might be able to eventually fix that cufflink.

  • Polt on 29/08/2024 - 15:06
    +1

    Annual fee charged, no cashback, and having to deal with HSBC and their app/website. No thanks.

    • AssociatedDuol Loans @ Duol Loans on 29/08/2024 - 15:08
      -6

      You don't have to deal with HSBC. You deal with myself with the HSBC application/refinance. Because I have done a lot of HSBC applications previously; I understand what they will need for your situation; so the refinance experience can be much better with an experience broker/myself

      • dasher86 on 29/08/2024 - 21:07

        I think you missed the feedback on this one.
        Op was referring to the web and mobile banking experience.

  • Winny182 on 29/08/2024 - 15:11
    +13

    Is this not just an ad?

  • Churna on 29/08/2024 - 15:13
    +1

    If we got with you on 1 year fixed, do we need to stay with you for 2 years before refi or we need to pay you back commission?

    • AssociatedDuol Loans @ Duol Loans on 29/08/2024 - 15:27
      -7

      Answering your question; No you don't. I haven't had a client leave me because they didn't like my service before; so you will be a first. Time will tell. No broker should be asking client's to pay back commission. I don't believe it's legal for broker's to do that; unless it's provided via credit quote or other means. It's why I preferred not to offer cash back etc as I've been burned before.

  • caramellokoala on 29/08/2024 - 15:27
    +5

    And Australia wonders why we have a productivity problem when we have middle men leaching off society such as mortgage brokers

    Just so everyone is aware you can apply direct with HSBC direct, get the same rate and they will assign you a Premier Relationship Manager who will most likely be able to get you the package fee waived(which they did for me)

    • AssociatedDuol Loans @ Duol Loans on 29/08/2024 - 15:33
      -4

      Thank you for sharing; depending on loan size and your situation; I should be able to get the same. Just waiting for my HSBC connection to give me the green light as rate was only updated today. I'll update above after.

      • 191919 on 29/08/2024 - 16:01
        +4

        you 'should' be able to get the same deal as just going directly to the bank? why on earth would anyone call you then?

    • [Deactivated] on 29/08/2024 - 15:34
      +2

      Mortgage broker, car broker, massive cashbacks on retail products with inflated pricing, novated leasing that pretends to save people money. The list goes on.

      In efficient markets like Hong Kong, and Singapore, wont see these arrangements.

  • salehiam on 29/08/2024 - 15:30
    +1

    I tried to work with them twice, and both times were disappointing. The first time, I completed the application over the phone, and they conducted a valuation but never followed up, even after I called them. The second time, a year later, I applied again but never heard back. I sent several emails with no response.

    I don’t recommend them.

    This is their Canberra office.

    • AssociatedDuol Loans @ Duol Loans on 29/08/2024 - 15:31
      -5

      Give me a call so I can do better. I have a team that does valuation etc for me.

    • desibaba on 29/08/2024 - 15:33

      similar story in Sydney as well. Tried once but didn't get any response so left it

      • AssociatedDuol Loans @ Duol Loans on 29/08/2024 - 15:38
        -5

        I control those steps. I normally know if you'll be successful or not; after initial discussion, and I do my checks. I don't like putting through application without been confident in getting approval or recommend another lender and explain why.

    • blighst on 29/08/2024 - 15:52

      HSBC were absolute ass to deal with.

      Communicated a rate to my broker, who advised them of the suburb at the time. HSBC come back after a few weeks and ask for another 10% down because of high density.

      Pain, and a shame because I am a HSBC customer and was happy to give them my business

      • AssociatedDuol Loans @ Duol Loans on 29/08/2024 - 16:09

        I normally do checks that banks will do prior to putting an application. It takes 3-4 hours for my team to put through an application; it's a waste of everyone's time if checks are not done upfront with HSBC to avoid these issues, and increase chances of approval.

  • Cheezbrgr on 29/08/2024 - 16:25
    -1

    Doesn’t seem like a deal at the advertised rates

    Using these figures:
    • 400k loan balance
    • 25 years loan term
    • 5.79% for OO
    • 390 annual fee with 300 discharge fee on leaving

    And comparing to IMB’s offer with $4k cashback:
    https://www.imb.com.au/home-loans/living-in/fixed-rate-home-…

    Whilst IMB is 5.99 vs 5.79 for this deal (or 5.69% with a 2yr term as in the OP) the $4000 cashback well outweighs the extra $48 or $73 (with 5.69%) savings per month in interest (total $1152 over 24 months). This is before the $390 x2 annual fee and $300 discharge fee are added on top which basically cancel out the benefit of the cheaper rate

    Over 2 years the IMB offer would be cheaper when factoring cashback and fees at the advertised rates, and you may be able to negotiate further with them directly to waive fees and apply a rate discount.

  • Lucille Bluth on 29/08/2024 - 16:35

    Essentially just an advertisement rather than a unique or special deal. The rates and offers mentioned are not exclusive and can be obtained through any broker or directly from the bank, making the post less about a bargain and more about promoting a specific broker's services.

    This detracts from the value of the post as a true "deal" on a bargain site. Additionally, the lack of any cashback or additional incentives, which are common in similar deals, further diminishes its attractiveness.

    This is also a very smug response from the broker. Red flags. If you are so busy then why are you here spamming your non-deal?

  • Alejandro on 29/08/2024 - 16:40

    ad

  • CyberMurning on 29/08/2024 - 19:23
    +2

    $390 annual package fee.

    Stop reading after that. Bye….

    • Lucille Bluth on 30/08/2024 - 13:31

      Agreed. Annual package fees are such a scam. Add to the fact that the comparison rate in this deal isn't even competitive. And no bonus. Skip.

  • Wm on 29/08/2024 - 23:09

    Sorry, I don't get this ad. UnIoan (comm bank) is 5.90 comparison. No fees. Why wouldn't you just go with this?

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