HSBC Used Car Finance

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HSBC Bank

Used Car Finance

Minimum Salary

AED 10K

Flat Rate

3.49%

Reducing Rate

7.29%

Loan Amount

AED 918K

Early Settlement Fee

1%

Arrangement Fee

1%

Down Payment

20%

Apply Now
minimum salary

AED 10K

Minimum Salary

flat rate

3.49%

Flat Rate

reducing rate

7.29%

Reducing Rate

max finance

AED 918K

Loan Amount

early settlement fee

1%

Early Settlement Fee

arrangement fee

1%

Arrangement Fee

down payment

20%

Down Payment

Apply Now

View details on bank page

Features

  • Repayment period is up to 60 months
  • Interest rate for the given finance is 3.49%
  • Minimum salary requirement is AED 10000
  • The reducing rate and the flat rate is 7.29% and 3.49%. This denotes that the computation done was a division of the reduction rate by 1.814
  • 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

Benefits

  • 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

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.

   Get in touch with HSBC Customer Care

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