Household Equity Line of Credit

Home Equity Line of Credit

Access funds using the equity in your home

Equity is the difference between the current market (appraised) value of your home and the outstanding balance of your mortgage. By tapping into the equity you have built in your home, you may already have the financial resources needed to pursue such personal goals as:

  • Renovating or remodeling your home
  • Consolidating high-interest debt

Key features and benefits

A Home Equity Line of Credit from HSBC comes with many added benefits including:

  • Flexibility in accessing the funds: Manage your approved funds and use them whenever you need to. You can conveniently access your approved credit line by simply writing a check up to your available limit and you only pay interest on the amount you use.
  • Lower your monthly payments by consolidating higher interest rate debt: Home equity rates can be lower than credit card and personal loan rates and can help you reduce your monthly interest charges while keeping a low monthly payment.

Start your application online for an HSBC Home Equity Line of Credit today.

Additional details to know before you apply

  • You are at least the age of majority, 18 or 19 years of age depending on your province of residence
  • You are a Canadian resident
  • You will be asked to provide personal details and gross annual income (pre-tax)
  • You will be asked to consent to us obtaining your credit report
  • You must confirm that you have read and understood the Customer Information Consent
  • The mortgaged property for the Home Equity Line of Credit must be in Canada
  • If you are applying for a joint loan, the co-applicant must also complete the application. If there is more than one co-applicant, please call us to proceed at 1-866-609-4722
  • Home Equity Lines of Credit are subject to standard credit approval
  • The HSBC Home Equity Line of Credit is accessed through an HSBC Chequing account. HSBC chequing account service charges may apply.**
  • The HSBC Home Equity Line of Credit is secured with a registered collateral mortgage charge against your principal residence.***

Evaluating the advantages and costs when you take on a home equity line of credit is an important first step.

Carefully consider the impact of these new expenses before you choose to apply for a home equity line of credit.

HSBC Premier1 or HSBC Advance2 customers enjoy a preferential Line of Credit rate.

Your use of this site, including this application, is subject to the Website Use Agreement which includes important terms about the security of the information you submit by this application. Your use of this site signifies your agreement to the HSBC Website Use Agreement. Your information is not stored on our systems if you do not submit this application. Whether or not you submit your application, your personal information can still be displayed by clicking the back button. For security, it is advised that you close your browser after using this site.

1 HSBC Premier requires you to have an active HSBC Premier chequing account, and maintain combined personal deposits and investments with HSBC Bank Canada and its subsidiaries of $100,000 or hold a personal HSBC Bank Canada residential mortgage with original amount of $500,000 or greater. Some exclusions apply. A monthly fee will be charged if you do not meet at least one of the eligibility criteria above. For full details regarding eligibility and any fees which may apply please refer to the Personal Service Charges/Statement of Disclosure.

2 HSBC Advance requires you to have an active HSBC Advance chequing account, and maintain combined personal deposits and investments with HSBC Bank Canada and its subsidiaries of $5,000 or hold personal HSBC Bank Canada residential mortgage with original amount of $150,000 or greater. Some exclusions apply. A monthly fee will be charged if you do not meet at least one of the conditions above. For full details regarding any fees which may apply please refer to the Personal Service Charges/Statement of Disclosure available at any HSBC Bank Canada branch or online at www.hsbc.ca.

* Actual rate will vary depending on fluctuations to HSBC Prime Rate. Rates are subject to change without notice. For information and to confirm most recent rates, please contact any HSBC branch. The rate on the Home Equity Line Of Credit is equal to HSBC Prime Rate + 0%.  The HSBC Home Equity Line of Credit is accessed through an HSBC Chequing account.  HSBC Chequing account service charges may apply. Applicable service charges can be found in the Personal Service Charges/Statement of Disclosure at www.hsbc.ca/servicecharge. The HSBC Home Equity Line of Credit is secured with a registered collateral mortgage against your principal residence.  The available limit will depend on the value of your property and any prior charges or liens.  An appraisal fee of up to $600 may apply.  Offer is available to all new HSBC Home Equity Line of Credit applications that started from April 2, 2018 to September 30, 2018.

** Applicable service charges can be found in the Personal Service Charges/Statement of Disclosure at www.hsbc.ca/servicecharge.

*** The available limit will depend on the value of your property and any prior charges or liens. An appraisal fee of up to $600 may apply.

Get a rate of
Prime + 0%
(Prime = 3.70%)
on your
Home Equity
Line of Credit*

Offer is available to new HSBC Home Equity Line of Credit applications that started from April 2, 2018 to September 30, 2018

Put your home to work

Apply now or contact us


Apply online

Call toll-free at
1-866-609-4722

Visit a branch

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