1-3 Years Fixed P&I Home 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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1-3 Years Fixed P&I Home 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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AssociatedDuol Loans @ Duol Loans on 23/04/2024 - 10:10 hsbc.com.au (161 clicks)
Last edited 01/05/2024 - 10:27 by 1 other user

Hello Bargain hunters;

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

• 5.79% 1-3 year fixed rate on Principle & Interest under 80% LVR – Owner Occupied (OO) - Comparison Rate (CR) 6.29%
• 5.99% 1-3 year fixed rate on Principle & Interest under 80% LVR – Investment - CR 6.47%
• $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
• I.E OO advertised rate is 6.09% but we get this at 5.94%-6.04% for most loans under 70% LVR, while 6.09% for 80% LVR.

Please see the product summary link for more details -
https://docs.google.com/document/d/1m-pQRhRnCNuB5zDuj0DlJ-s7…

For full HSBC offer T&C see —https://www.hsbc.com.au/home-loans/products/fixed-rate/
How to be a HSBC Premier - https://www.hsbc.com.au/premier/

6.37% CR on HSBC's website is based on a 150k loan over 25 years for OO under 60% LVR.
Your applicable CR is communicated to you prior to application. My system recalculates the CR mentioned above 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 (unnegotiated rates @ 80% LVR)
• 390 annual fee with 300 discharge fee on leaving

Other Banks -
2-3k cash back per application/property with ME bank @ 5.79% 2 years fix P/I.
.

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 Refinance

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Comments

  • The Judge on 23/04/2024 - 10:13
    +7

    This is just an ad, there is no special/exclusive deal or incentive, just what you can get through any broker.

    • AssociatedDuol Loans @ Duol Loans on 23/04/2024 - 10:45

      Not every broker is the same. My experience has helped my clients achieve a better position and why they continue to engage in my services. I believe a 1 year fix rate hit a good point with the uncertainty that mortgage holders have, to take advantage of what the market can be in 1 year's time, without break cost. I believe this is a good deal in itself.

  • dr on 23/04/2024 - 10:19

    Advertisement, not a deal

  • littlesoldier on 23/04/2024 - 10:21
    +2

    No deal unless there's cashback or bonus

    • AssociatedDuol Loans @ Duol Loans on 23/04/2024 - 11:16

      You may find that more experience and established brokers rather not invest their time to administrate the cashback/bonus. Or they start with this and eventually not do this. I know I've done it in the past and have catered to those promise when they fall due. However, I rather invest my time in the future to looking after my clients than administrating cash back; especially; when banks can take back payments to brokers within 12 months and 50% after 12 months and the time it takes to settle a loan application; I can predict most brokers will eventually reconsider and sell on their knowledge and experience more.

      • littlesoldier on 23/04/2024 - 11:29

        I can get the exact same rate as what you offer from my relationship manager in HSBC, PLUS $3000 cashback

        This is Ozbargain community which I believe people come here for bargains, not professionalism (who cares the broker will spend time in administrate cashback/bonus, or how much a broker will earn in each deal, people only cares which deals benefits them the most)

        With your home loan offer you posted, let say not factoring there may be rate cut in the next 12 months
        it is still possible to find other alternatives with cashback offers, and while the rate is slightly higher, the cashback amount will be better off compare to the interest paid in a 12 months period

        • tunzafun001 on 23/04/2024 - 13:04

          Hi, can I get your relationship managers details. I had a good one, but he left.

        • AssociatedDuol Loans @ Duol Loans on 23/04/2024 - 13:12

          I would take that deal. Those are individual offers but once branch see the negative side of doing that; they may reconsider. Won't be surprise his capacity will be over maxed.

        • Vnky on 23/04/2024 - 16:28

          Can you share the RM details plz?

          • littlesoldier on 23/04/2024 - 16:47

            @Vnky: let me ask my RM if the offer is still valid (I got it 2 months ago)
            I can DM you once I get the answer back

        • hoangdekiem on 29/04/2024 - 11:53

          Please dm me too. Thanks in advance

        • auindie on 02/05/2024 - 14:11

          Mate pls DM if your RM can still offer the same deal

        • N B on 03/05/2024 - 14:03

          Can you please DM me contacts, thanks.

  • ozbargainerlife1 on 23/04/2024 - 10:22

    cashback?

  • ozbargainerlife1 on 23/04/2024 - 10:22

    whats the best 1 year fixed rate with cashback?

    • AssociatedDuol Loans @ Duol Loans on 23/04/2024 - 11:00

      Depends on your situation. If you are wanting interest only for Investment for 2 -3 years @ 6.09% with 2k cash back. I was going to put another post regarding this as it's the lowest rate for investment IO I can see in the market.

      • ozbargainerlife1 on 23/04/2024 - 11:57

        Thanks - after P&I with cashback for 1 year fixed for both INV & PPOR - please advise whats the best and how can you help and any broker cashback on top?

  • RR88 on 23/04/2024 - 10:22

    broker scummmmm

    • samfisher5986 on 23/04/2024 - 10:27

      Imagine being a broker and pretending you are unbiased and can give your customers the best deal.

      (They are biased and they can't)

      • AssociatedDuol Loans @ Duol Loans on 23/04/2024 - 10:49
        -1

        The above is to let people know there is a 1 year fix available to cater to the market uncertainty. Doesn't mean that it's the only product that I have to offer. My industry is heavily regulated and we have to detail why this loan option is better than another 2 that could fit your situation. If HSBC product doesn't fit; I always recommend what would after my assessment and why. Mortgage brokers being biased just go against what regulation is encouraging brokers to be. Unfortunately, cannot agree with it. Post is for short and sharp to let people know there is a 1 year fix rate availabhle.

  • RR88 on 23/04/2024 - 10:24
    +4

    if your broker/agent/lawyer is adjusting their shirt sleeve in their photo you are not getting a good deal

    • samfisher5986 on 23/04/2024 - 10:28

      If its a broker you aren't getting the best deal.

      • RR88 on 23/04/2024 - 10:32

        i have to say, in some circumstances, they are useful. my financial situation as a self employed person for instance, it is quite helpful to me.

        • samfisher5986 on 23/04/2024 - 10:37

          I agree, but you are still getting a worse deal by using a broker, its just that its mutual as the broker is doing something in return for his commission, rather then just being biased and suggesting the place that gives them the best commission.

    • dr on 23/04/2024 - 10:36

      He is not adjusting shirt sleeve, he is practising stealing wrist watch from himself, because if he can do it in inconspicuously to himself, he can do it to anyone

      Magic

    • AssociatedDuol Loans @ Duol Loans on 23/04/2024 - 10:57

      Broker's are heavily regulated. 1 year fix rate @ 5.79%, I feel is a good deal to cater to the uncertainty in the market and what could be in 1 year's time; however doesn't mean this is the only option available from myself. Just depends on your situation first. I see 2 years fix but if the market changes in 12 months time; the 1 year can be more adaptable

  • alvian on 23/04/2024 - 12:02

    Generally speaking, I think anyone who advises borrowers to fix their loans at or near the top of the interest rates cycle is not acting in the best interest of the borrowers.

    • AssociatedDuol Loans @ Duol Loans on 23/04/2024 - 13:10
      +2

      Considering the current market. 1 year @ 5.79% is a considerable savings vs the current variable rate; which seem to be in the hands of the RBA for now and potentially for a while; makes me disagree. Especially when it fits into the information we have now.

  • tunzafun001 on 23/04/2024 - 13:07

    1-2 years fixed..right now..take it.

    They can't drop rates when the price of stuff is accelerating. Looking at you Iran/US/ Israel/Russia.

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