Check Eligibility for HSBC
Car Loan

You are eligible to apply for a HSBC
Car Loan .

You may not be eligible * to apply.

* Minimum salary AED 7500 required to apply for a HSBC Car Loan .

Click here to check loans from other banks.

HSBC Car Loan Calculator

Car Loan Provided By HSBC

Check Eligibility for HSBC Car Loan

You are eligible to apply for a HSBC
Car Loan .

You may not be eligible * to apply.

* Minimum salary AED 7500 required to apply for a HSBC Car Loan .

Click here to check loans from other banks.

HSBC Car Loan Calculator

Zero Balance Free account

Features of HSBC Car Loan

  • Dedicated Sales Specialists
  • Salary transfer not mandatory
  • High Loan Amounts (Depends on eligibility)
  • Loan available for every type of vehicle
  • Opening an account with HSBC not required

Eligibility Criteria of HSBC Car Loan

  • Minimum Age: 21 years (complete at the time of applying)
  • Maximum Age: 65 years (at the time of maturity)
  • Minimum Monthly Income: AED 7500

Documents Required of HSBC Car Loan

  • Valid Emirates ID (For UAE Nationals)
  • Residential Visa with valid passport (For Expatriates)
  • Valid UAE driving license
  • Past three months active bank account statements (6 months for self-employed)
  • Proof of Income - salary certificate / salary transfer letter stating all monthly salary and bonuses
  • Trade license (For self-employed)
  • Memorandum & Articles of Association (For self-employed)
  • Passport copies of owners/partners (For self-employed)

Mechanism of repayment

  • Standing instruction
  • Undated security check (from operative account)

Note: Additional documents may be required at the sole discretion of the bank. Please visit your nearest branch for detailed information.

HSBC Car Loan Interest rates

hsbc Bank

2 Car Loans Provided By HSBC

New Car Finance

Minimum Salary

AED 7.5K

Flat Rate

2.49%

Reducing Rate

4.6%

Loan Amount

AED 918K

Early Settlement Fee

1%

Arrangement Fee

1%

Down Payment

20%

AED 7.5K

Minimum Salary

2.49%

Flat Rate

4.6%

Reducing Rate

AED 918K

Loan Amount

1%

Early Settlement Fee

1%

Arrangement Fee

20%

Down Payment

Used Car Finance

Minimum Salary

AED 7.5K

Flat Rate

3.49%

Reducing Rate

7.29%

Loan Amount

AED 918K

Early Settlement Fee

1%

Arrangement Fee

1%

Down Payment

20%

AED 7.5K

Minimum Salary

3.49%

Flat Rate

7.29%

Reducing Rate

AED 918K

Loan Amount

1%

Early Settlement Fee

1%

Arrangement Fee

20%

Down Payment

About HSBC

In 1946, the British Bank of Iran and the Middle East commenced banking activities for Middle East citizens. Post withdrawing from Iran, the bank was renamed as the British Bank of the Middle East (BBME). Hong Kong and Shanghai Banking Corporation (HSBC) acquired BBME in 1959 and played a pivotal role in the establishment of the banking sector in the region. HSBC has a sustainability strategy of doing business. The main areas of focus are:

  • Sustainable Finance
  • Sustainable Operations
  • Sustainable Communities

This is in sync with their global sustainability model.