HSBC is offering owner occupiers a 'special’ interest rate of 3.99% p.a. for an 18 month fixed-term home loan, effective today.
It is the only mortgage rate currently under 4%p.a. in New Zealand, the bank reports.
The offer is available for a limited time to new HSBC Premier customers, and existing HSBC Premier customers who borrow at least an additional NZD100,000. 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% p.a. 18 month-fixed mortgage offer," said Glen Tonks, head of retail banking and wealth management at HSBC in New Zealand.
"Our consistent track record of offering attractive home loan rates in New Zealand should also reassure them about refinancing with HSBC today.”