HSBC Fixed Rate Home Loan

With an HSBC Premier Fixed Rate Home Loan, the interest rate is fixed for a term that you choose: six months, one year, two years, three years, four years or five years.

 

This gives you the security and peace of mind of knowing exactly what you will have to repay over the period of time you have chosen.

 

At the end of the agreed fixed term, the loan generally reverts to our Floating Rate Home Loan. Alternatively, you can also choose to:

  • Renegotiate a further fixed term, at the interest rates applicable at the time
  • Pay off the loan, in part or full
  • Choose an alternative loan from HSBC that meets your needs

Benefits

  • Select your term
    Choose from six months to five years on your New Zealand home loan
  • Interest rates
    Competitive home loan interest rates depending on the term of your loan
  • Protection
    Protect yourself against interest rate rises by splitting your loan over a number of terms
  • Security
    Provides you with the control to manage your finances confidently, knowing your repayments will not change during the fixed term
  • Choice of repayment options
    Choose when to pay your interest, either fortnightly or monthly

Interest rates

Interest rates for fixed rate home loan
Home Loans
Interest Rate (p.a.)
6 months fixed 4.19%
1 year fixed
3.54%
18 months fixed 3.54%
2 years fixed
3.54%
3 years fixed
3.69%
4 years fixed
3.79%
5 years fixed
3.89%
Interest rates for fixed rate home loan
Home Loans
6 months fixed
Interest Rate (p.a.)
4.19%
Home Loans
1 year fixed
Interest Rate (p.a.)
3.54%
Home Loans
18 months fixed
Interest Rate (p.a.)
3.54%
Home Loans
2 years fixed
Interest Rate (p.a.)
3.54%
Home Loans
3 years fixed
Interest Rate (p.a.)
3.69%
Home Loans
4 years fixed
Interest Rate (p.a.)
3.79%
Home Loans
5 years fixed
Interest Rate (p.a.)
3.89%

How a Fixed Rate Home Loan works

A Fixed Rate Home Loan is where the interest rate is fixed for a term of six months, one, two, three, four or five years. As a result you have the security and peace of mind of knowing exactly what you will have to repay over the period of time you have nominated.

At the end of the agreed fixed term the loan generally reverts to our Floating Rate Home Loan.

However you can also choose to:

  • Re-fix your loan for a further fixed term, at the interest rates applicable at the time
  • Pay off the loan in part or full
  • Choose an alternative loan from HSBC that suits you at that time

Prepayment loss recovery fee and an administration fee may be payable.

Early repayment for HSBC Premier Fixed Rate Home Loans

If you prepay your home loan before the end of the fixed rate period, you may be charged an early prepayment loss recovery.

Answering your questions

We are happy to help you with any questions you may have. Alternatively, you may also want to refer to some of the frequently asked questions that our customers ask us about buying a home.

Eligibility

To qualify for HSBC Premier, you need to meet the following qualifying criteria:

  • A minimum value of NZD500,000 in home loans with HSBC in New Zealand (facility limit not outstanding balance); and/or 
  •  A minimum value of NZD100,000 in savings and investments with HSBC in New Zealand; and/or
  • If you are an overseas HSBC Premier customer you will automatically qualify for Premier customer status in New Zealand.

 

After qualifying as a HSBC Premier customer, minimum home loan values no longer apply, although other home lending criteria may still need to be met. Eligibility criteria applies to HSBC Premier and the eligibility criteria is set at our discretion.

How to apply

This checklist aims to provide a handy guide for you when purchasing a residential property. What you need to do to apply for an HSBC home loan? The following is a guide to the steps involved in buying a home and is designed to help you save time. The whole residential house purchasing process, from the time you apply for your home loan until you move into your house, normally takes four to six weeks.

Apply for Fixed Rate Home Loan

Things you should know

This section provides you with useful information related to making a house purchase. 

Summary of the approximate costs to making a house purchase
Costs
Description
Valuation fee
Where a registered valuation is required, the valuation fee starts from NZD5502.
Legal fees
This covers the conveyancing of the loan. It can cost between NZD1,000 to NZD1,5002. There may be additional costs, e.g., if you are setting up a trust.
Land Information Memorandum (LIM) report
It may be advisable for you to get an LIM report, and this can cost from NZD3502.
Builder's report
Your solicitor may advise you to get a builder's report. This can cost from NZD5002.
Removal fees
The cost of transporting your belongings. This obviously depends on where you are moving from and to, and the quantity of belongings you have. It can cost from NZD5002.
Summary of the approximate costs to making a house purchase
Costs
Valuation fee
Description Where a registered valuation is required, the valuation fee starts from NZD5502.
Costs
Legal fees
Description This covers the conveyancing of the loan. It can cost between NZD1,000 to NZD1,5002. There may be additional costs, e.g., if you are setting up a trust.
Costs
Land Information Memorandum (LIM) report
Description It may be advisable for you to get an LIM report, and this can cost from NZD3502.
Costs
Builder's report
Description Your solicitor may advise you to get a builder's report. This can cost from NZD5002.
Costs
Removal fees
Description The cost of transporting your belongings. This obviously depends on where you are moving from and to, and the quantity of belongings you have. It can cost from NZD5002.

Terms and conditions apply.

1Calls may be monitored and/or recorded. 

2Please note that the costs indicated are approximate only. They should only be used as a rough guide and are subject to change – every case will be different.

Customers must provide an owner occupied property as part of the security

Interest rates subject to change or withdrawal without notice. HSBC Premier qualification criteria applies (e.g. combined lending of NZD500,000 or more or NZD100,000 of savings and investments with HSBC). Early repayment fees may apply to fixed rate loans. HSBC Retail Banking and Wealth Management Terms and Conditions (PDF, 639KB) apply. Issued by The Hongkong and Shanghai Banking Corporation Limited, incorporated in the Hong Kong SAR, acting through its New Zealand branch (“HSBC”).