It is the lowest mortgage rate that the bank has ever offered in the NZ market
HSBC New Zealand has launched a “special” 1.99% pa mortgage rate for 12- and 18-month fixed home loans, the lowest mortgage rate it has ever offered in the New Zealand market.
The new rate is available for a limited time to new HSBC Premier customers, as well as existing HSBC Premier customers who borrow an additional $100,000 or more. HSBC Premier qualification, minimum deposit, and equity criteria apply.
HSBC claims that the current rate for both fixed home loans is also the lowest in the local market for both tenors, tightening market competition.
“Whether you’re looking to buy a new home or simply to refinance your existing home loan, our market-leading mortgage rate of 1.99% p.a. could help you achieve that goal,” said Martine Milicich, the head of wealth and personal banking at HSBC New Zealand.
The bank has also expanded its HSBC Premier eligibility criteria, allowing more people to pick up the product.
Interested customers can apply via the bank’s digital application system on its website, after which a relationship manager will be in touch to offer assistance.
