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Mortgage Rates Daily Commentary
Wednesday 17 September 2014  Add your comment
HSBC does it again

HSBC has launched a spring mortgage campaign offering a market-leading special rate of 5.75% 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%, 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 $100,000 or more. To qualify for this offer customers must have at least 20% deposit or equity.

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HSBC offers home loans at 4.99%

Tuesday, February 26th 2013, 4:44PM

HSBC has launched what it calls the lowest home loan rate offered by a New Zealand bank in at least a decade.

Its key new rate in the battle for borrowers is a three-year fixed term of 4.99%. However it is also offer that rate for one and two year terms.

For longer maturity loans it is offering 5.50% for four years and 5.75% for five years.

Like many of these bank offers it is “open for a strictly limited time” and it is limited to new HSBC Premier customers and existing Premier customers who borrow an additional $100,000.

As usual with HSBC there are qualifying criteria to becoming an HSBC Premier customer; individuals need to qualify with either a minimum combined home loan of $500,000 or $100,000 in savings and investments.
“We are excited to bring this offer to our customers,” Head of Retail Banking and Wealth Management John Barclay says. “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.”

“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.”

« Low interest rates not giving big loan book boostLow rates 'hiding mortgage stress' »

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Mortgage Rates Table

Full Rates Table | Compare Rates

Lender Flt 1yr 2yr 3yr
AMP Home Loans 7.24 5.99 6.39 6.65
AMP Home Loans $200k+ 7.14 5.89 6.29 6.55
AMP Home Loans LVR <80% - - 5.85 6.29
ANZ 6.74 6.15 6.49 6.49
ANZ LVR > 90 6.74 6.65 6.99 6.99
ANZ Special - 5.75 5.99 -
ASB Bank 6.75 6.09 6.40 6.65
ASB Bank Special - - 5.99 6.19
BankDirect 6.75 6.09 6.99 6.65
BankDirect Special - - 5.99 6.19
BNZ - Classic - - 5.99 6.19
Lender Flt 1yr 2yr 3yr
BNZ - GlobalPlus 6.74 5.99 6.39 6.59
BNZ - Mortgage One 7.15 - - -
BNZ - Rapid Repay 6.74 - - -
BNZ - Std, FlyBuys 6.74 5.99 6.39 6.59
BNZ - TotalMoney 6.74 - - -
Credit Union Auckland 6.70 - - -
Credit Union Baywide 6.45 5.90 6.50 -
Credit Union North 6.45 - - -
Credit Union South 5.75 - - -
eMortgage 6.04 6.15 6.69 7.19
Finance Direct 6.10 6.45 6.69 7.10
Lender Flt 1yr 2yr 3yr
First Credit Union 6.45 - - -
General Finance 5.95 6.25 6.50 7.10
HBS Bank 6.15 5.85 5.99 6.19
HBS Special - - - 5.89
Heartland 6.70 7.00 7.25 7.85
Heretaunga Building Society 6.70 6.00 6.50 -
Housing NZ Corp 6.74 5.99 ▲6.39 ▼6.59
HSBC Premier 6.84 5.95 5.95 ▼6.39
HSBC Premier LVR > 80% - 5.75 5.75 5.75
HSBC Special - - - -
ICBC 6.75 5.99 6.39 -
Lender Flt 1yr 2yr 3yr
Kiwibank 6.65 5.99 6.39 6.65
Kiwibank - Capped 5.65 6.50 - -
Kiwibank - Offset 6.55 - - -
Kiwibank LVR > 80% - - 5.89 6.19
Liberty 5.64 - - -
Napier Building Society 5.80 6.00 6.70 -
Nelson Building Society 6.95 6.15 6.60 -
NZ Home Loans 6.85 6.09 6.40 6.65
Perpetual Trust 7.70 - - -
Resimac ▲6.59 ▲6.35 6.58 6.77
SBS Bank 6.15 5.85 5.99 6.19
Lender Flt 1yr 2yr 3yr
SBS Bank Special - - - 5.89
Silver Fern 5.95 6.10 6.55 7.05
Sovereign 6.85 6.09 6.40 6.65
Sovereign Special - - - 6.19
The Co-operative Bank 6.70 6.00 6.00 6.25
TSB Bank 6.74 ▼5.95 6.19 ▼6.30
TSB Special - - 5.79 -
Wairarapa Building Society 6.20 5.75 5.95 -
Westpac 6.59 6.09 6.39 6.65
Westpac - Capped rates - 6.74 6.99 -
Westpac - Offset 6.59 - - -
Lender Flt 1yr 2yr 3yr
Westpac Special - - 5.99 6.19
Median 6.70 6.00 6.39 6.57

Last updated: 17 September 2014 7:43am

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