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TMM - News

HSBC sets a new low benchmark

Martine Milicich
Monday 2nd of September 2019

HSBC New Zealand has cut its fixed home loan rates across the board to offer a flat rate of 3.35% p.a. for tenors between one and five years.

 

This is the lowest mortgage rate that HSBC has ever offered in the New Zealand market. It is significantly lower than its 3.69% p.a. for a two-year fixed mortgage in March this year, which at the time was the lowest fixed home loan interest rate offered in the New Zealand market for over half a century.

 

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