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HSBC Car Loans

New Cars

No better time to buy a car

Have us call you

Have us call you

With great deals all around, it's the best time to buy your car. With low interest rates from 2.49% p.a.1 and more benefits on HSBC Car Loans, you can get behind the wheel with ease.

  • Apply for a Car Loan online and get a call back from our Dedicated Sales Specialists2
  • No mandatory salary transfer to HSBC is required
  • Loan amounts up to AED 918,000 depending on your eligibility
  • Competitive motor insurance rate for saloons and four-wheel drive
  • Dedicated Sales Specialists at your service
  • Available for all types of saloon, four-wheel drive vehicles and motorcycles
  • No account opening is required

Eligible retail customers who avail auto loans on electric or hybrid cars from approved auto dealerships will be eligible for 50% discount on the applicable arrangement fee and up to 0.25% discount on the applicable interest rate3.

BORROW

Up to AED 918,000

Interest rate

From 2.49% p.a.1

Repayment period

From 12 to 60 months

Down payment

20%

Car Loan Calculator

The HSBC Car Loan calculator is the easiest way to check your eligibility and monthly instalments. In just a few simple steps and based on the information provided, you can arrive at an approximate loan amount with options on monthly instalments for various repayment periods

Find out how much you are eligible for


Calculate now

Fees & Charges 

DESCRIPTION FEE
Application fee 1% of loan amount Minimum AED 500
Maximum AED 2,500
Early settlement for car loan 1% of remaining balance
Advance payment of instalment 1% of advanced payment

Documents 

Employed individuals buying new/used vehicles from authorised dealers:

  • Valid Emirates ID
  • Valid passport copy (valid UAE visa for expatriates)
  • Valid UAE driving licence copy
  • Copy of the last three months' salary or income transfer bank statements (a longer period may be required if cheque returns are identified)
  • Proof of income – salary certificate/salary transfer letter if salary is not assigned to HSBC Bank or other banks under narration salary
  • Repayment mechanism – standing instruction plus an undated security cheque from salary-assigned account
  • HSBC Middle East Finance Company Limited application form and agreement fully completed in block letters and signed in the presence of a Sales Specialist

Self-employed individuals buying new/used vehicles from authorised dealers:

  • Valid Emirates ID
  • Valid passport copy (valid UAE visa for expatriates)
  • Valid UAE driving licence copy
  • Copy of the last six months' personal and business bank statements
  • Audited financials for the last two years
  • Repayment mechanism – standing instruction plus an undated security cheque from main operating account
  • HSBC Middle East Finance Company Limited application form and agreement fully completed in block letters and signed in the presence of a Sales Specialist
  • Valid documents in support of business/partnership, ie trade licence copy, memorandum/articles of association, passport copies of owners/partners and additional documents can be requested based on individual requirements.

Eligibility

You can apply if:

  • You are a UAE national or expatriate resident aged between 21 and 65 years
  • You earn a minimum monthly salary of AED 7,500 per month


HSBC Middle East Finance Company Limited Terms and Conditions apply


Products Terms and Conditions, fees and charges apply.


HSBC Middle East Finance Company Limited Terms and Conditions apply.


1Flat rate which is equivalent to the reducing balance rate of 4.60% p.a.

2Our Vehicle Loan team is available from Sunday to Thursday, 9:00am to 4:30pm. If your form is submitted outside of these times, we will aim to call you back on next working day

3 This discount will be applied on the "flat interest rate".

The benefits and features set out above are current as at the date they appear in this document. However, they may be subject to change at any time at our discretion. We will try to notify existing customers of any changes that may impact them either in advance of the change or shortly afterwards.

Ready to apply?

Our representative will call you back2


Have us call you

Have us call you

Call us at your convenience:


04 294 8000 within UAE
+971 4 294 8000 outside UAE


Lines open from Saturday to Thursday 9:00am – 4:30pm



You are leaving hsbc.ae

This link may allow you to access another HSBC Group website. Please read the terms and conditions of the linked website, which may differ from the terms and conditions of HSBC Bank Middle East Limited website.

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You are leaving hsbc.ae

This link may allow you to access a non - HSBC website. HSBC Bank Middle East Limited has no control over the linked website and is not liable for your use of it.

You are leaving hsbc.ae

This link may allow you to access a non - HSBC website. HSBC Bank Middle East Limited has no control over the linked website and is not liable for your use of it.

You are leaving hsbc.ae

This link may allow you to access a non - HSBC website. HSBC Bank Middle East Limited has no control over the linked website and is not liable for your use of it.

You are leaving hsbc.ae

This link may allow you to access another HSBC Group website. Please read the terms and conditions of the linked website, which may differ from the terms and conditions of HSBC Bank Middle East Limited website.

How to apply

Are you already an HSBC UAE customer?

Or call: 04 294 8000

What if I'm not eligible

HSBC works to develop products and services to meet your requirements. To simplify the criteria for each product we provide a minimum salary or deposit criteria.

Find out more about HSBC Vehicle Loans

Thank you for wishing to bank with HSBC. To apply for this product simply click Apply Now to fill out your details and let one of our experienced HSBC representatives call you back. Alternatively you can call us on the number below, whatever is more convenient for you.

Or call: 04 294 8000