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HSBC New Car Finance
Credit Bureau Consent, Welcome Offer & General Terms & Conditions
I hereby acknowledge and agree to allow Citibank to share my details with any UAE credit bureau and make enquiries about me with any UAE credit bureau at its sole and absolute discretion. I agree to the Terms and Conditions listed below. Citibank Terms and Conditions apply, are subject to change without prior notice and are available upon request. For the current Terms and Conditions, please visit our website www.citibank.ae. All offers are made available on a best-effort basis and at the sole discretion of Citibank, N.A. Citibank, N.A. makes no warranties and assumes no liability or responsibility with respect to the products and services provided by partners/other entities. By inquiring about our services, offers or products, you will be authorizing our representatives to approach you on your contact details including your telephone/mobile number for any product or service offered by Citibank. The applicant agrees to be bound by Citibank’s General Terms and Conditions available on the website www.citibank.ae. The applicant hereby represents and warrants that the information provided herein is true, accurate, and complete and that he/she agrees to remain responsible for and to indemnify Citibank, N.A. from and against any losses, claims and/or liabilities incurred by Citibank NA as a result of having relied on such information. Citibank, N.A. is not required to verify the information provided by the applicant and neither is the bank obliged to provide the applicant with any loans or credit facilities based on the provided information. The products and services mentioned on this website are not offered to individuals resident in the European Union, European Economic Area, Switzerland, Guernsey, Jersey, Monaco, San Marino, Vatican, The Isle of Man or the UK. This page is not, and should not be construed as, an offer, invitation or solicitation to buy or sell any of the products and services mentioned herein to such individuals.
New Car Finance
- Repayment period is up to 60 months
- Interest rate for the given finance is 2.49%
- Minimum salary requirement is AED 10000
- The reducing rate and the flat rate is 4.6% and 2.49%. This denotes that the computation done was a division of the reduction rate by 1.815
- No salary transfer is required
- Maximum loan amount is AED 918,000 that HSBC bank can provide
- Early settlement fee is 1% of the finance amount
- Processing fee is 1% of the finance amount
- About 20% down payment is required for this finance
- High finance amount is provided by HSBC bank
- Low minimum salary requirement is there for given finance
- Finance can be provided for new as well as used cars
- Maximum repayment period is of 60 months
- Documentation is simple
- Dedicated sales manager will be there to assist you throughout the process
- No need to open account with HSBC bank
Frequently Asked Questions
⭐ What if I am on social security, can I still be provided with loan?
A. Yes, HSBC does provide loan to people on social security.
⭐ Will there be any additional costs charged on our car loan?
A. Along with car loan you need to pay few additional charges:
1. Processing fee
2. Documentation charges
3. Stamp duty
⭐ Are there any vehicles that are not eligible for HSBC car financing?
A. Yes, HSBC bank does not offer finance for custom built vehicles.
⭐ How much loan will I be able to afford?
A. Depending on your monthly income and expenditure, a general guide is only 20% of your salary should go in paying the loan amount.
⭐ What is the minimum and maximum tenure provided for the given finance in HSBC bank?
A. Minimum tenure provided is 12 months and maximum is 60 months in HSBC bank.
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.
Get in touch with HSBC Customer Care