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HSBC home loans

Get a fixed rate for 6.44% p.a. for one year with an HSBC home loan 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 receive a banking licence to operate in New Zealand. 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 may have stricter eligibility criteria than other banks regarding mortgage lending, you are joining an organisation that thrives on helping people with their ambitions and enabling economies to prosper.

Home loans offered by HSBC

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Name Product Standard Rates From (p.a.) Special Rates From (p.a) Loan Terms Available Application Fee
HSBC Fixed Rate Home Loan
6 months to 5 years
HSBC Floating Rate Home Loan
  • Fixed-Rate Home Loan. An HSBC fixed-rate home loan allows you to lock in an interest rate for a term of 6 months to 5 years, which means that you can have more control over your finances, knowing that your repayments stay the same until you re-fix your loan. However, you need to be aware that HSBC may charge you an early prepayment fee, plus an administration fee if you repay your home loan early.
  • Floating Rate Home Loan. With a floating rate home loan, your interest rate can go up or down depending on market rates. The required repayment amount may change with the interest rate, but you can make additional repayments, without penalty, at any time to shorten the loan term.
  • 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 for you to move in. It ensures that you have enough money on hand for finishing details or when something unexpected happens. It then turns into a standard home loan once you complete construction.
  • Home Equity Loan. A continuous line of credit requires good money management. You can reduce the amount of interest you need to pay by putting your savings and income into your home loan account. However, you can also access your funds to use as you wish, such as for renovations.

Features and benefits

  • Split home loans. Create a combination of floating, fixed and home equity loans 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 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. Plus, once you receive approval and documentation for your loan, HSBC holds the interest rate for 30 days.
  • Home buying resources. HSBC provides loan calculators and home buying guides on its website to help you through the process.

HSBC fees

When looking at HSBC mortgages, you need to take into account any fees that you may incur, for example:

  • Loan application fee. HSBC charges $250 for a home loan application
  • Construction loan drawdown. For each drawdown you make, you pay $100
  • Loan variation. If you make a change to your loan, HSBC charges $150
  • Document changes. HSBC also charges $150 for alterations to your paperwork
  • Loan top-up fee. When you top up your loan, you pay $250 to do so
  • Fixed-home loan. If you choose to repay or restructure your fixed-rate mortgage during its set period, HSBC may charge an early repayment fee

Before you apply for an HSBC mortgage

Before you apply for any mortgage, make sure you take a look at your finances, including:

  • Expenses. Living costs (utility payments, food), credit cards, student loans and entertainment
  • Total income. For example, you need to look at your wages, rental income and shares
  • Deposit. With a larger deposit, you can borrow less, which means lower repayments, and you become mortgage-free faster

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. Be aware that new HSBC customers must also meet this. To start your application, you can complete the online form, call 0800 028 088, or contact your relationship manager if you are an existing customer.


To apply for an HSBC home loan, you need to have at least $500,000 in home loans with HSBC in New Zealand, at least $100,000 in HSBC savings, transaction accounts and term deposits or an individual/joint annual income of at least $125,000.

While minimum home loan values don’t apply, there may be other eligibility criteria to meet. However, you automatically qualify for Premier status in New Zealand if you are an overseas Premier customer.

Documents required

To support your application, you 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 assesses your application and contacts you within two working days to inform you if you have received approval. It then forwards the appropriate documentation to your solicitor.

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