Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


HSBC NZ cuts its 3 year-fixed home loan rate


HSBC NZ cuts its 3 year-fixed home loan rate to a market-leading 5.99% pa

HSBC New Zealand, the global bank for New Zealanders, announces that it has slashed its 3 year fixed residential mortgage rate by 51 bps to 5.99% per annum making it the market-leading rate currently offered for that tenor in New Zealand. It is also offering the same 5.99% per annum rate for its 2 year fixed home loans.

These special 2 and 3 year fixed rates are open for a strictly limited time to new HSBC Premier customers, as well as existing HSBC Premier customers who borrow an additional $100,000.

The bank has maintained the rest of its highly competitive fixed home loan rate card at current levels including 5.59% per annum for 1 year – still the best rate currently offered by any bank in New Zealand – 6.89% per annum for 4 years and 6.99% per annum for 5 years.

“As HSBC New Zealand offers highly competitive fixed term residential mortgage rates across a range of tenors, it makes it easy for new HSBC Premier customers to work with our relationship managers to structure a home loan in a way that works best for them,” said Glen Tonks, Head of Retail Banking and Wealth Management at HSBC New Zealand.

HSBC Premier is the bank’s flagship global personal banking proposition within its retail banking offering, and in 2013 HSBC won the 2013 Best Regional Retail Bank in Asia award from The Asian Banker Magazine.

In New Zealand, every HSBC Premier customer has a dedicated and experienced 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 in New Zealand either via a minimum combined home loan of NZD500,000 or NZD100,000 in savings and investments with HSBC.

ends

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Scoop Business: RBNZ Keeps OCR At 3.5%, Signals Slower Pace Of Future Hikes

Reserve Bank governor Graeme Wheeler kept the official cash rate at 3.5 percent and signalled he won’t be as aggressive with future rate hikes as previously thought as inflation remains tamer than expected. The kiwi dollar fell to a seven-month low. More>>

ALSO:

Weather: Dry Spells Take Hold In South Island

Many areas in the South Island are tracking towards record dry spells as relatively warm, dry weather that began in mid-August continues... for some South Island places, the current period of fine weather is quite rare. More>>

ALSO:

Scoop Business: Productivity Commission To Look At Housing Land Supply

The Productivity Commission is to expand on its housing affordability report with an investigation into improving land supply and development capacity, particularly in areas with strong population growth. More>>

ALSO:

Forestry: Man Charged After 2013 Death

Levin Police have arrested and charged a man with manslaughter in relation to the death of Lincoln Kidd who was killed during a tree felling operation on 19 December 2013. More>>

ALSO:

Smells Like Justice: Dairy Company Fined Over Odour

Dairy company fined over odour Dairy supply company Open Country Dairy Limited has been convicted and fined more than $35,000 for discharging objectionable odour from its Waharoa factory at the time of last year’s ”spring flush” when milk supply was high. More>>

Scoop Business: Dairy Product Prices Decline To Lowest Since July 2012

Dairy product prices dropped to the lowest level since July 2012 in the latest GlobalDairyTrade auction, led by a slump in rennet casein and butter milk powder. More>>

ALSO:

SOE Results: TVNZ Lifts Annual Profit 25% On Flat Ad Revenue, Quits Igloo

Television New Zealand, the state-owned broadcaster, lifted annual profit 25 percent, ahead of forecast and despite a dip in advertising revenue, while quitting its stake in the pay-TV Igloo joint venture with Sky Network Television. More>>

ALSO:

Get More From Scoop

 
 
Computer Power Plus

Standards New Zealand

Standards New Zealand

Mosh Social Media
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news