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HSBC offers NZ's lowest fixed three year rate in a decade

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Fuseworks Media
Fuseworks Media

The end of summer is fast approaching, but HSBC Premier is keeping spirits up by dropping its three year home loan rate by 75 basis points to 4.99% per annum - the lowest rate offered by a New Zealand bank in at least a decade.

As well as this competitive interest rate, HSBC Premier is also offering market-leading fixed home loan rates across the board at 4.99% p.a. fixed term for one, two and three years, 5.50% for four years and 5.75% for five years.

These offers are open for a strictly limited time to new HSBC Premier customers and existing Premier customers who borrow an additional $100,000.

"We are excited to bring this offer to our customers," says John Barclay, Head of Retail Banking and Wealth Management. "These options mean that our Premier customers can get the rates that work best for them and discussions indicate that many are now considering longer term fixed rates.

"Customers can also work with one our experienced Relationship Managers to put together the home loan solution that best meets their individual needs. From our experience, when it comes to home loans, one size doesn’t fit all and it is important for customers to be able to choose the home loan structure that suits them best."

HSBC Premier has consistently offered some of the most competitive home loan interest rates in the market since April 2010.

"Since introducing HSBC Premier to New Zealand, we have offered highly competitive fixed home loan interest rates, and offering New Zealand’s lowest three year fixed rate in at least 10 years demonstrates that."

HSBC Premier is a global proposition with truly international benefits including no ATM fees at HSBC ATMs anywhere in the world, foreign currency exchange through all HSBC branches worldwide commission free, access to instant emergency cash advances of USD2,000 and the ability to transfer money internationally between HSBC accounts in what can be as little as 30 seconds with no fees.

Every HSBC Premier customer also has a dedicated Relationship Manager all of whom are knowledgeable and highly experienced within the New Zealand housing market.

There are qualifying criteria to becoming an HSBC Premier customer; individuals need to qualify with either a minimum combined home loan of NZD500,000 or NZD100,000 in savings and investments.

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