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HSBC offers two-year fixed home loan rate of 5.79%

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Fuseworks Media
Fuseworks Media

HSBC New Zealand announces that it has reduced its HSBC Premier two-year fixed home loan rate by 0.5% to 5.79% per annum. This is the lowest two-year fixed residential mortgage rate currently being offered by a bank on the New Zealand market-.

This special home loan rate is 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.

"With the RBNZ having raised its Official Cash Rate (OCR) by 0.25% on 13 March to 2.75%, and the majority of market commentators expecting the OCR to rise to at least 4.50% by the end of 2015, this could be the ideal time to become an HSBC Premier customer and take advantage of both this very competitive two-year fixed rate, as well as the many other benefits of the HSBC Premier offering," said Glen Tonks, Head of Retail Banking and Wealth Management at HSBC New Zealand.

"HSBC won the 2013 Best Regional Retail Bank in Asia award from The Asian Banker Magazine," 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, all of whom are very experienced and have in-depth knowledge of the New Zealand housing market. 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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