HSBC Sets Pace With Lower Home Loan Rates

HSBC Sets the Pace for Premier Customers With Lowest Home Loan Rates in the Market

HSBC today launched a Home Loan campaign featuring the most competitive rates across the most common fixed terms currently available in the market*. The campaign is designed to increase awareness of HSBC as the home loan provider of choice for high net worth New Zealanders.

The new home loan rates on offer include a six-month fixed term rate of 4.99%, the lowest of all currently published rates in the market including variable rates, as well as a 12-month rate of 5.49%, the only one year fixed term rate that falls below 5.5%*.

“HSBC already offers very competitive home loan rates for HSBC Premier customers. The new rates published today underline just how good our offering is, and also create an opportunity for us to make prospective customers more aware of the highly personalised service we provide,” said John Barclay, HSBC Head of Personal Financial Services.

To be eligible to take up the HSBC home loan offer, customers would need to qualify for HSBC Premier, with minimum combined home loans of $500,000.

HSBC Premier targets high net worth individuals by providing a customised service built around customers’ individual banking needs. Key benefits of the offering include a dedicated relationship manager to assist customers with their banking needs, access to 300 HSBC Premier centres worldwide, and uniformity of service internationally.

“We provide our customers with a comprehensive, tailored service that gives them confidence that their banking needs are well managed, giving them more time to relax. Our global network also means that we’re uniquely placed to provide them with a seamless service if they have additional banking needs beyond New Zealand. Our new home loan rates reinforce that we’re serious about providing our customers with the best offer in the market,” said Mr. Barclay.

From April 7, 2010 HSBC Premier rates will be:
• 6 months 4.99% pa
• 1 year 5.49% pa
• 2 year 6.49% pa
• 3 year 7.29% pa
• 4 year 7.69% pa
• 5 year 7.99% pa

* Published rates refers to home loan rates on www.interest.co.nz as at 10am, 7 April 2010

ENDS

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