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 Up
Compare HSBC and Up home loans in March 2026. HSBC offers rates from 5.49% p.a. across 112 products, while Up starts at 5.45% p.a. with 6 products. Up currently has the lower rate by 0.04%.
Bank Two
VS
6 live products
Up
Best available rate
5.45%p.a.
Up Home Loan (Variable)
Highest ranked offer currently surfaced for this bank on the compare page.
Comparison
5.45%
Offset
Included
Redraw
Included
Live edge
Up is lower on headline home loan rate by 0.04%, which is roughly $17 per month on a $500,000 loan.
0.04% gap
Feature Comparison
Side-by-side view of the strongest offers surfaced above.
| Feature | HSBC | Up |
|---|---|---|
| Interest rate | 5.49% | 5.45% |
| Comparison rate | 5.50% | 5.45% |
| Offset account | No | Yes |
| Redraw | Yes | Yes |
All HSBC Products
Every tracked home loans option from HSBC.
All Up Products
Every tracked home loans option from Up.
HSBC's lowest variable rate is 5.49% p.a. (comparison rate 5.50%) while Up starts at 5.45% p.a. (comparison rate 5.45%). Up is 0.04% lower, which saves approximately $17/month on a $500,000 loan.
Key features: HSBC includes redraw, Up includes offset, Up includes redraw.
Quick Comparison
| Feature | HSBC | Up |
|---|---|---|
| Interest Rate | 5.49% | 5.45% |
| Comparison Rate | 5.50% | 5.45% |
| Offset Account | No | Yes |
| Redraw Facility | Yes | Yes |
Common Questions
HSBC vs Up FAQs
Which bank has a lower home loan rate, HSBC or Up?
Up currently offers the lower variable rate at 5.45% p.a. compared to 5.49% p.a. Always check the comparison rate for a true cost picture.
Do HSBC and Up home loans have offset accounts?
HSBC does not include an offset account. Up offers 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 Up's lowest home loan rate in 2026?
Up's lowest variable rate is 5.45% p.a. (comparison rate 5.45%) on the Up Home Loan (Variable).