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.