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HSBC home loans

Get a special fixed rate for 2 years of 3.20% p.a. with a summer home loan offer if you meet HSBC’s eligibility criteria

HSBC is one of the largest financial organisations on the planet, serving over 40 million customers worldwide. It was the first overseas bank to get a banking licence to operate in New Zealand, and even though its presence is small with only one customer branch and two corporate offices, it assists personal customers with their home loan requirements throughout the country.

While it does have stricter eligibility criteria than other banks when it comes to mortgage lending, you will be joining an organisation that thrives on helping people with their ambitions and enabling economies to prosper.

Home loans offered by HSBC

  • Fixed-Rate Home Loan. A fixed-rate home loan allows you to lock in a rate between 3.54% and 4.19% for a term of 6 months to 4 years. This means that you can have more control over your finances knowing that your repayments will stay the same until you re-fix your loan.
  • Floating Rate Home Loan. With a home loan that has a floating interest rate, your interest rate could start at 5.24% but may go up or down depending on what is happening in the market. While your required repayment amount will change with the interest rate, you can make additional repayments at any time to shorten the loan term without penalty.
  • Construction Loan. If you’re building a home, a construction home loan requires that you only pay interest on a floating rate until it is ready to move in. It ensures that you have enough money on hand for finishing details or when something unexpected happens and then it turns into a standard home loan once construction is completed.
  • Home Equity Loan. A continuous line of credit requires good money management, but by putting your savings and income into your home loan account, you can reduce the amount of interest you need to pay.

Features and benefits

  • Split home loans. Create a combination of floating, fixed and home equity loan to take advantage of different features and benefits.
  • Competitive interest rates. Take advantage of competitive interest rates according to your HSBC home loan term.
  • Pay off your loan faster. By utilising a floating home loan or home equity loan, you can make extra repayments and pay off your loan sooner.
  • Pre-approval. Before you start looking for your new home, HSBC can provide pre-approval valid for three months.
  • Home buying resources. HSBC provides loan calculators and home buying guides on its website to help you through the process.

How do I apply?

If you are happy with the HSBC loan terms and interest rates and are ready to apply, make sure that you meet the eligibility criteria outlined below. This must be met by new HSBC customers. To start your application, you can visit HSBC in Auckland CBD, call 0800 80 23 80, or contact your relationship manager if you are an existing customer.


To be eligible for an HSBC home loan, you’ll need to have a minimum value of $500,000 in home loans with HSBC in New Zealand and/or a minimum value of $100,000 in HSBC investments and savings. While minimum home loan values will not apply, there may be other eligibility criteria to meet.

You will automatically qualify for Premier status in New Zealand if you are an overseas Premier customer.

Documents required

To support your application, you will need to provide HSBC with the following documentation:

  • Photo identification such as your passport or driver’s licence
  • Proof of address
  • Proof of income
  • Bank statements from the last three months taken from your main transactional account
  • A sales and purchase agreement if you have one

HSBC will assess your application and contact you within two working days to let you know if it has been approved or not. It will then forward the appropriate documentation to your solicitor.

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