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
| Fixed Rates |
Interest Rate (p.a.) |
|---|---|
| 6 months | 3.19% |
| 1 year |
2.79% |
| 18 months | 2.89% |
| 2 years |
2.99% |
| 3 years |
3.29% |
| 4 years |
3.49% |
| 5 years |
3.79% |
| Fixed Rates |
6 months |
|---|---|
| Interest Rate (p.a.) |
3.19% |
| Fixed Rates |
1 year |
| Interest Rate (p.a.) |
2.79% |
| Fixed Rates |
18 months |
| Interest Rate (p.a.) |
2.89% |
| Fixed Rates |
2 years |
| Interest Rate (p.a.) |
2.99% |
| Fixed Rates |
3 years |
| Interest Rate (p.a.) |
3.29% |
| Fixed Rates |
4 years |
| Interest Rate (p.a.) |
3.49% |
| Fixed Rates |
5 years |
| Interest Rate (p.a.) |
3.79% |
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.
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
New to HSBC?
Contact us
It’s quick and easy to apply. Call us on 0800 028 088 to get started.
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.
| 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. |
| 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 might be interested in
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.
Terms, Conditions, lending criteria and HSBC Premier eligibility criteria apply. Early repayment fees may apply to fixed rate loans. Interest rates are subject to change or withdrawal without notice.
Issued by The Hongkong and Shanghai Banking Corporation Limited, incorporated in the Hong Kong SAR, acting through its New Zealand branch.