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HSBC offers 5.75% p.a. home loan rate

HSBC

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.

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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.