A HSBC home loan has been described as the most competitive on the Australian market by the company's head of mortgages.
A new HSBC home loan is the most competitive available on the Australian market.
This is according to Alice Del Vecchio, head of mortgages for the bank, who said the offering is an "unbeatable deal" for new customers.
An introductory rate of 5.69 per cent per annum for the first 12 months will be available for HSBC Premier and PowerVantage home loans customers.
Other conditions include a 1.65 per cent per annum discount on the standard variable rate.
In addition, the organisation claims it is the lowest-priced 12-month introductory rate deal when combined with a relationship manager, who customers that apply for the product will have for the life of the loan.
Ms Del Vecchio added: "That's a single point of contact to help them with their home-ending needs but their broader banking circumstances as well."
HSBC consumers may also be interested to hear that the bank announced a pre-tax profit of $152 million in the first half of 2010 - a 28 per cent increase on the same period in 2009 - while demand for its credit cards was up five per cent.
By Joe Letts
