112 live products
HSBC
Best available rate
5.49%p.a.
Home Value Loan (Variable)
Highest ranked offer currently surfaced for this bank on the compare page.
Comparison
5.50%
Offset
Not included
Redraw
Included
Finding the best rates…
Home Loans Comparison
Bank One
HSBC
Best available
From 5.49% p.a.
Line-up
112 live products
VS
HSBC vs Macquarie
Compare HSBC and Macquarie home loans in March 2026. HSBC offers rates from 5.49% p.a. across 112 products, while Macquarie starts at 5.59% p.a. with 130 products. HSBC currently has the lower rate by 0.10%.
VS
130 live products
Macquarie
Best available rate
5.59%p.a.
Macquarie Basic Home Loan (Variable)
Highest ranked offer currently surfaced for this bank on the compare page.
Comparison
5.61%
Offset
Not included
Redraw
Included
Live edge
HSBC is lower on headline home loan rate by 0.10%, which is roughly $42 per month on a $500,000 loan.
0.10% gap
Feature Comparison
Side-by-side view of the strongest offers surfaced above.
| Feature | HSBC | Macquarie |
|---|---|---|
| Interest rate | 5.49% | 5.59% |
| Comparison rate | 5.50% | 5.61% |
| Offset account | No | No |
| Redraw | Yes | Yes |
All HSBC Products
Every tracked home loans option from HSBC.
All Macquarie Products
Every tracked home loans option from Macquarie.
HSBC's lowest variable rate is 5.49% p.a. (comparison rate 5.50%) while Macquarie starts at 5.59% p.a. (comparison rate 5.61%). HSBC is 0.10% lower, which saves approximately $42/month on a $500,000 loan.
Key features: HSBC includes redraw, Macquarie includes redraw.
Quick Comparison
| Feature | HSBC | Macquarie |
|---|---|---|
| Interest Rate | 5.49% | 5.59% |
| Comparison Rate | 5.50% | 5.61% |
| Offset Account | No | No |
| Redraw Facility | Yes | Yes |
Common Questions
HSBC vs Macquarie FAQs
Which bank has a lower home loan rate, HSBC or Macquarie?
HSBC currently offers the lower variable rate at 5.49% p.a. compared to 5.59% p.a. Always check the comparison rate for a true cost picture.
Do HSBC and Macquarie home loans have offset accounts?
HSBC does not include an offset account. Macquarie does not include an offset account.
What is HSBC's lowest home loan rate in 2026?
HSBC's lowest variable rate is 5.49% p.a. (comparison rate 5.50%) on the Home Value Loan (Variable).
What is Macquarie's lowest home loan rate in 2026?
Macquarie's lowest variable rate is 5.59% p.a. (comparison rate 5.61%) on the Macquarie Basic Home Loan (Variable).