A selection of home loan rates has been cut by HSBC.
HSBC has cut several of its fixed home loan rates, leaving it with the lowest one-year, four-year and five-year options currently available, the bank announced on Tuesday (September 14th).
Its one-year fixed product now has an interest rate of 6.69 per cent per annum and the four and five-year options are available at 7.20 per cent per annum.
Alice Del Vecchio, head of mortgages at the organisation, said customers can split their home loans between fixed and variable in order to get the best deal possible, calling it a "fantastic combination of certainty and value".
She added: "HSBC is in a position to offer market-leading fixed rates as well as the lowest 12-month introductory rate in the Australian banking market."
Further positive news for the organisation came in August when it announced a pre-tax profit of $152 million, an increase of 28 per cent in the first half of the year compared with the same period in 2009, in its 2010 interim results.
By Mark Hornby
