HSBC is offering owner occupiers an unrivalled 3.99% Special interest rate for an 18 month fixed-term home loan. At the same time though it has increased its three, four and five year standard fixed rates.
The 3.99% is another market-leading residential mortgage rate from HSBC, and the only home loan currently being offered in the New Zealand market for under 4%. It is also only a shade higher than the 3.95% rate for the same tenor that the bank launched a year ago today, which at the time was the lowest residential mortgage rate in the New Zealand market for over 50 years.
This special home loan rate is being offered for a limited time to new HSBC Premier customers, and existing HSBC Premier customers who borrow at least an additional $100,000. To qualify, these customers must provide an owner occupied property as all or part of the security. Minimum deposit and equity criteria also apply.
“With market uncertainty having increased in recent times, we are pleased to be able to provide our owner occupier customers with certainty over the short-to-medium term with this 3.99% 18 month-fixed mortgage offer. Our consistent track record of offering attractive home loan rates in New Zealand should also reassure them about refinancing with HSBC today,” HSBC Head of Retail Banking and Wealth Management Glen Tonks said.
To qualify as an HSBC Premier customer people need either a minimum combined home loan of $500,000 or $100,000 in savings and investments with HSBC.
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