This rate is even lower than the 3.95% rate for the same tenor that the bank launched in February 2016, which at the time was the lowest residential mortgage rate in the New Zealand market for over 50 years.
HSBC’s standard fixed-term home loan mortgage rates for one-year, 18-month and two-year tenors are also currently market-leading.
This 3.85% Special 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. Minimum deposit and equity criteria also apply.
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.
