HSBC lowers rates in NZ
(14 November 2011 – New Zealand) HSBC New Zealand is cutting fixed term mortgage rates down to levels in line with the lowest in the market.
HSBC cut its two year fixed rate by 23 basis points to 5.87 percent, and also trimmed three, four and five year fixed rates.
Its two year rate is slightly below Westpac Bank and Kiwibank's rate of 5.89 percent, set recently.
HSBC only lends to people with combined home loans of at least NZ$500,000 (A$384,000) or NZ$100,000 in savings and investments.
Its two year rate is slightly below Westpac Bank and Kiwibank's rate of 5.89 percent, set recently.
HSBC only lends to people with combined home loans of at least NZ$500,000 (A$384,000) or NZ$100,000 in savings and investments.
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