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 Westpac
Compare HSBC and Westpac home loans in March 2026. HSBC offers rates from 5.49% p.a. across 112 products, while Westpac starts at 5.79% p.a. with 179 products. HSBC currently has the lower rate by 0.30%.
VS
179 live products
Westpac
Best available rate
5.79%p.a.
Fixed Rate Home Loan (Investment Fixed 1 Yr)
Highest ranked offer currently surfaced for this bank on the compare page.
Comparison
6.45%
Offset
Not included
Redraw
Included
Live edge
HSBC is lower on headline home loan rate by 0.30%, which is roughly $125 per month on a $500,000 loan.
0.30% gap
Feature Comparison
Side-by-side view of the strongest offers surfaced above.
| Feature | HSBC | Westpac |
|---|---|---|
| Interest rate | 5.49% | 5.79% |
| Comparison rate | 5.50% | 6.45% |
| Offset account | No | No |
| Redraw | Yes | Yes |
All HSBC Products
Every tracked home loans option from HSBC.
All Westpac Products
Every tracked home loans option from Westpac.
HSBC's lowest variable rate is 5.49% p.a. (comparison rate 5.50%) while Westpac starts at 5.79% p.a. (comparison rate 6.45%). HSBC is 0.30% lower, which saves approximately $125/month on a $500,000 loan.
Key features: HSBC includes redraw, Westpac includes redraw.
Quick Comparison
| Feature | HSBC | Westpac |
|---|---|---|
| Interest Rate | 5.49% | 5.79% |
| Comparison Rate | 5.50% | 6.45% |
| Offset Account | No | No |
| Redraw Facility | Yes | Yes |
Common Questions
HSBC vs Westpac FAQs
Which bank has a lower home loan rate, HSBC or Westpac?
HSBC currently offers the lower variable rate at 5.49% p.a. compared to 5.79% p.a. Always check the comparison rate for a true cost picture.
Do HSBC and Westpac home loans have offset accounts?
HSBC does not include an offset account. Westpac 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 Westpac's lowest home loan rate in 2026?
Westpac's lowest variable rate is 5.79% p.a. (comparison rate 6.45%) on the Fixed Rate Home Loan (Investment Fixed 1 Yr).