Looking to Refinance Your HSBC Home Loan?
If you currently have an HSBC home loan, now may be a good time to review your interest rate and compare your refinancing options.
HSBC recently announced that it has agreed to sell its approximately $36 billion Australian home and personal loan portfolio to global investment manager Blackstone. Pepper Money is expected to take over the day-to-day management and servicing of these loans from the first half of 2027, subject to regulatory approval.
Existing HSBC customers do not need to take any immediate action, and the proposed transfer does not mean you are required to refinance. However, with HSBC also winding down its wider Australian retail banking operations, many borrowers may naturally be wondering whether they should stay or move their home loan elsewhere.
At Rosh Partners, we can review your current HSBC home loan and compare it with refinancing options from a broad panel of Australian banks and lenders. Eligible borrowers may be able to access home loan rates from 5.95% p.a. with a comparison rate of 6.14% p.a., together with selected refinance cashback offers that may help cover the costs of changing lenders.*
What Is Happening to HSBC Home Loans?
HSBC has not sold its entire Australian business to Pepper Money.
Blackstone has agreed to purchase HSBC’s Australian home and personal loan portfolio. Pepper Money is expected to manage and service the loans following completion of the sale, meaning it would become the main point of contact for affected borrowers.
The transfer is expected to take place in the first half of 2027, subject to regulatory approval. Until then, HSBC will continue to own and manage its existing home loans.
HSBC has advised that customers’ existing interest rates, fees, discounts and repayment arrangements will transfer with their loans. HSBC home loans will not automatically be converted into one of Pepper Money’s existing products or moved onto Pepper Money’s advertised interest rates.
Should You Refinance Your HSBC Home Loan?
You do not need to refinance simply because your loan is expected to move to Pepper Money. If your current HSBC rate remains competitive and your loan has the features you need, staying with your existing arrangement may still make sense.
However, this is a good opportunity to review your home loan if:
your current interest rate is no longer competitive
you want to reduce your repayments or overall interest costs
you would prefer to move to another bank or lender
you want a 100% offset account or improved loan features
you need to restructure owner-occupied and investment debt
you want to access equity for renovations, investment or another purpose
you would prefer to refinance before the proposed transfer occurs
The right refinancing option should provide more than an attractive headline rate. It is also important to consider the comparison rate, ongoing fees, offset or redraw features, loan flexibility and the total cost of switching.
HSBC Home Loan Refinance Rates From 5.95% p.a.*
Rosh Partners currently has access to refinancing options with eligible owner-occupier principal-and-interest rates starting from:
5.95% p.a. interest rate (6.14% p.a. comparison rate)
The rate available to you will depend on your loan amount, property value, loan-to-value ratio, income position and whether the property is owner-occupied or an investment.
Even a relatively small reduction in your interest rate can make a meaningful difference over time, particularly if you have a larger home loan. We can calculate the potential savings using your actual HSBC loan balance, current interest rate and remaining loan term.
Refinance Cashback Offers May Cover Switching Costs
Selected lenders are also offering cashback incentives to eligible borrowers who refinance their home loan.
Depending on the offer and your circumstances, a refinance cashback may cover some or all of the usual switching costs, including:
HSBC discharge fees
government mortgage registration fees
valuation costs, where applicable
new lender application or settlement fees
Cashback should not be the only reason to choose a lender. A lower ongoing interest rate and the right loan features will usually be more important over the longer term.
At Rosh Partners, we compare the overall position—including the rate, comparison rate, fees, cashback and loan features—to determine whether refinancing is likely to leave you genuinely better off.
Request a Complimentary HSBC Home Loan Review
If you have an HSBC home loan, we can review your current rate and compare it against options from our panel of lenders.
There is no obligation to proceed. If your existing HSBC loan remains competitive, we will tell you. If there is an opportunity to reduce your repayments, improve your loan structure or obtain a refinance cashback, we can manage the process through to settlement.
Interest rates and cashback offers are subject to change and may be withdrawn without notice. The advertised rate is available only to eligible borrowers and lending criteria, loan amounts, property requirements and loan-to-value limits apply. The comparison rate is based on a $150,000 loan over 25 years and may not reflect the cost of your loan. Fees and charges apply. This information is general in nature and does not take into account your objectives, financial circumstances or needs.
