Fixed Rate | Home Loans

Home
Home loans
Fixed rate

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

Check eligibility in order to apply for fixed rate home loan

Apply now for HSBC fixed rate home loan This link will open in a new window

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
Fixed Rates	Interest Rate (p.a.)
6 months	2.79%
1 year	2.25%
18 months	2.25%
2 years	2.35%
3 years	2.65%
4 years	2.79%
5 years	2.89%

Interest rates for fixed rate home loan
Fixed Rates	6 months
Interest Rate (p.a.)	2.79%

Fixed Rates	1 year
Interest Rate (p.a.)	2.25%

Fixed Rates	18 months
Interest Rate (p.a.)	2.25%

Fixed Rates	2 years
Interest Rate (p.a.)	2.35%

Fixed Rates	3 years
Interest Rate (p.a.)	2.65%

Fixed Rates	4 years
Interest Rate (p.a.)	2.79%

Fixed Rates	5 years
Interest Rate (p.a.)	2.89%

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.

There are several ways you can contact us and/or apply for a home Loan. Choose the one that suits you:

HSBC will only provide home loans to new customers if they meet the HSBC Premier qualifying criteria.

As an existing HSBC Premier customer, call your relationship manager
Call us at 0800 80 23 80 or +64 9 918 8350 (from overseas) 24 hours a day, 7 days a week.
Visit us at Level 7, HSBC House, One Queen Street, Auckland 1010.

Submit your application at a branch or to one of our dedicated relationship manager (depending on what you choose).

To commence with your application you will need the following items as a minimum:

Please note that you will also need to provide acceptable forms of personal identification as per our application form. Find out what the acceptable forms of identification are.

Your bank statements from the last three months (from your main transaction account)
Proof of income
Sale and purchase agreement (if applicable)

Your application will be assessed and, if successful, we will aim to contact you with confirmation within two working days. We may need some additional information at this point.
Your documentation will then be forwarded to your solicitor.
The documentation is then signed by you and your solicitor and returned to us.
The settlement can then occur.

Apply for Fixed Rate Home Loan

New to HSBC?

Apply now for fixed rate home loans This link will open in a new window

Contact us

It’s quick and easy to apply. Call us on 0800 028 088 to get started.

Request a call back find out more about contact us This link will open in a new window

Visit an HSBC branch to enquire about fixed rate home loan

Already an HSBC customer?

Call your Relationship Manager or speak to one of our Premier Consultants at 0800 028 088

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.

You may be on top of everything; however, here is a quick list of tips to bear in mind when buying your home:

Get a valuation if you are concerned about the value of a property you are interested in
Get a builder's report if you have queries about the structure of the property
Ask a friend with more experience in property buying if you've seen a property that you absolutely love but something is niggling away at you
Use logic and find a consistent way to compare the features of the properties you've visited in your search, e.g., location, light, heating, quality of bathroom and kitchen fittings, even your 'gut feeling' as you first walk into the property
Take your time though you may feel under pressure to put in an offer, perhaps because an agent has mentioned there are other interested parties. Remember that it is a large, legally binding commitment and that you need to feel confident. Do things in your own time, and if you have doubts, don't ignore them

Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your home loan.

Here are some useful consumer websites you might find helpful to refer to:

You might be interested in

Floating Rate Home Loan

Home Loan Calculators

Home Equity Loan

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”).

Fixed Rate Home Loan