HSBC does it again

HSBC has launched an interest rate of 4.49% for its one, two and three-year fixed-term residential mortgages.

Friday, July 31st 2015, 11:28AM 2 Comments

These special home loan rates are being offered to new and existing HSBC Premier customers.  To qualify, customers must have at least 20% deposit or equity – 30% in the case of new residential investment lending on Auckland housing - and have their salary credited to a HSBC transaction account.

“We are pleased to be able to pass on the benefit of the current low interest rate environment to our customers by offering this market-leading home loan rate in New Zealand of 4.49% p.a.,” said Glen Tonks, Head of Retail Banking and Wealth Management at HSBC New Zealand.

“In addition to unrivalled global online banking connectivity, the HSBC Premier offering in New Zealand is all about providing personal support for our customers’ personal economy. We achieve this via our dedicated relationship manager model and also by consistently providing highly-competitive home loan interest rates,” he added.

An individual can qualify to become an HSBC Premier customer either via a minimum combined home loan of $500,000 or $100,000 in savings and investments with HSBC.

Tags: HSBC Mortgage Advisers

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Comments from our readers

On 31 July 2015 at 3:44 pm Laurie said:
Great rate - but it's important to point out that there is no cash contribution. Today I negotiated a $10,000 cash contribution for a $1.020m loan. What would you rather have, $1.020m for years at 4.69% + $10,000 cash or two years at 4.49% and no cash? I know which offer I'd accept! :-)

On 1 August 2015 at 8:15 am Laurie said:
Apologies for the typo - the above should read "$1.020m for two years at 4.69%"

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