INDEPENDENT NEWS

Market-leading 1, 2 and 3-year fixed home loan rate

Published: Tue 16 Sep 2014 05:05 PM
16 September 2014
HSBC NZ offers market-leading 1, 2 and 3-year fixed home loan rate of 5.75% p.a.
HSBC New Zealand, the global bank for New Zealanders, has since the launch of its HSBC Premier proposition in New Zealand in 2008 been committed to providing great service and great value to its Premier customers, including consistently competitive fixed home loan rates.
In that vein, HSBC Premier has launched a spring mortgage campaign offering a market-leading* special rate of 5.75% per annum on its one, two and three year fixed home loans. The bank has also reduced its standard HSBC Premier three-year fixed home loan rate by 16 bps to 6.39% per annum, further enhancing its very competitive fixed mortgage rate card.
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.
“HSBC Premier, our global personal banking proposition, comes with a commitment to supporting the personal economies of our customers, which is all about understanding their needs and aspirations rather than just completing transactions,” said Glen Tonks, Head of Retail Banking and Wealth Management at HSBC New Zealand. “Our team of experienced relationship managers provides the support and tailoring to each customer’s individual needs. Now is a great time to come and talk to us about the things you value most including your home,” 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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Notes to Editors (All rates effective 17 September 2014)
HSBC Premier fixed home loan rates:Fixed termSpecial rate % p.a.New rate % p.a.6 months fixed-5.851 year5.7515.952 years5.7515.953 years5.7516.394 years-6.795 years-6.99
*Source: Market rates compared using www.goodreturns.co.nz as at 9.00am on Tuesday, 16 September 2014.
1. 1, 2 and 3 year fixed special home loan rates of 5.75% p.a.
This offer is available starting 17 September 2014 only to new HSBC Premier customers, and existing HSBC Premier customers who borrow at least an additional NZD100,000. HSBC’s normal lending criteria applies. Interest rates are current as at 17 September 2014 and are subject to change or withdrawal without notice. HSBC Premier qualification criteria applies, e.g. combined lending of NZD500,000 or more or NZD100,000 of savings and investments with HSBC. Early repayment fees may apply to fixed rate loans. To qualify for this offer, customers must have at least 20% deposit or equity. HSBC Retail Banking and Wealth Management Terms and Conditions apply. Issued by The Hongkong and Shanghai Banking Corporation Limited, incorporated in the Hong Kong SAR, acting through its New Zealand branch (“HSBC”).
HSBC in New Zealand
HSBC in New Zealand operates through a network of branches and offices, providing personal and commercial financial services, payment and cash management, trade finance, treasury and financial markets, corporate banking, investment advisory and securities custody services. The principal HSBC Group member in New Zealand is The Hongkong and Shanghai Banking Corporation Limited, incorporated in Hong Kong SAR, acting through its New Zealand branch.
The Hongkong and Shanghai Banking Corporation Limited
The Hongkong and Shanghai Banking Corporation Limited is the founding member of the HSBC Group, which serves around 52 million customers through four global businesses: Retail Banking and Wealth Management, Commercial Banking, Global Banking and Markets, and Global Private Banking. The Group serves customers worldwide from over 6,200 offices in over 74 countries and territories in Europe, Asia, North and Latin America, and the Middle East and North Africa. With assets of US$2,754bn at 30 June 2014, HSBC is one of the world’s largest banking and financial services organisations.
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