HSBC still offering lowest fixed bank home loan rates in NZ

HSBC still offering lowest 1 and 2 year-fixed bank home loan rates in NZ

All the bank’s residential mortgages rates now under 7% pa after 4 and 5-year fixed rates cuts

HSBC New Zealand continues to offer its HSBC Premier customers the lowest one and two-year fixed residential mortgage rates of any bank in the New Zealand market at present, at 5.59% per annum and *5.79% per annum, respectively.

The bank also announces that it has cut its HSBC Premier five-year fixed home loan rate by 21 bps to 6.99% per annum – joining several other banks in offering the market-leading rate for that tenor – and reduced its four-year fixed home loan rate by 10 bps to 6.89% per annum. This makes HSBC one of the few banks in New Zealand with its home loan rate card all under 7% per annum.

“HSBC has one of the most competitive fixed-term home loan propositions currently offered by any bank in New Zealand, with market-leading rates across several tenors,” said Glen Tonks, Head of Retail Banking and Wealth Management at HSBC New Zealand. “If you are currently considering your mortgage options or buying a residential property, please come and talk to us about becoming an HSBC Premier customer to enjoy our attractive fixed home loan rates and the many other benefits of the HSBC Premier offering,” he added.

HSBC Premier is the bank’s flagship global personal banking proposition within its retail banking offering, and in 2013 HSBC won the 2013 Best Regional Retail Bank in Asia award from The Asian Banker Magazine.

In New Zealand, every HSBC Premier customer has a dedicated and experienced 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 in New Zealand either via a minimum combined home loan of NZD500,000 or NZD100,000 in savings and investments with HSBC.

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