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HSBC offers 5.85% per annum three-year home loan rate

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Fuseworks Media
Fuseworks Media

HSBC New Zealand, the global bank for New Zealanders, announces that it has reduced its HSBC Premier three-year fixed home loan rate by 0.4% to 5.85% per annum. This is the lowest three-year fixed residential mortgage rate currently being offered by a bank on the New Zealand market, where the median rate is 6.45% per annum-. This rate is further supported by reductions to its one and two year fixed tenors, also to 5.85% per annum.

These special home loan rates are being offered for a strictly limited time to new HSBC Premier customers, and existing HSBC Premier customers who borrow an additional NZD100,000 or more. To qualify for this offer customers must have at least 20% deposit or equity.

"We are excited to bring this market-leading winter home loan offer to our customers to mark the global relaunch of the HSBC Premier offering locally," says Glen Tonks, Head of Retail Banking and Wealth Management at HSBC New Zealand. "These options mean that our Premier customers can get the fixed rate tenors that work best for them at very competitive rates, and recent discussions indicate that many customers are now considering longer term fixed rates."

"The relaunch of HSBC Premier is all about placing the customer at the centre of everything we do. Our team of experienced relationship managers provides each Premier customer with personalised support to help them manage their own personal economy," he added.

HSBC Premier is the bank’s flagship global personal banking proposition. In New Zealand, every HSBC Premier customer has a dedicated local relationship manager. Additional benefits include no fees at ATMs of any bank in New Zealand, commission-free foreign currency exchange at any HSBC branch worldwide and the ability to transfer money internationally between your own HSBC accounts free of charge in as little as 30 seconds.

An individual can qualify to become an HSBC Premier customer either via a minimum combined home loan of NZD500,000, or NZD100,000 in savings and investments with HSBC.

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