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HSBC Car Loans

Pre-owned Cars

Buy a pre-owned car with confidence.

Have us call you

Have us call you

Introducing the Concierge Service available on HSBC Car Loans.

From inside-out inspection of the car by experts to registration with RTA and even delivering the vehicle at your doorstep, Concierge Service ensures you can buy a pre-owned car from another person with confidence and without any hassles.

HSBC Concierge Service includes*:

  • 240-point detailed electrical and mechanical inspection of the vehicle
  • Checking the accident history, service history and warranty validity
  • Vehicle testing, registration and home delivery of the car
Benefits 

Enjoy rates starting from 3.15% p.a.1 on pre-owned cars

Whether you're purchasing your first car or are a seasoned driver, buying a pre-owned car comes with several advantages. From lower downpayments to paying a reasonably lower monthly instalment, a pre-owned car can be a sensible choice for many. And now, that choice can be an easier one with an HSBC Car Loan.

  • 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

BORROW

Up to AED 918,000

Interest rate

From 3.15% 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 5.92% 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

*The Concierge Service is an optional, fee based service provided by Expat Wheels Surveying and Evaluation Services L.L.C. HSBC Bank Middle East Limited in the UAE is only a distributor of the service and is not responsible for the services carried out by Expat Wheels Surveying and Evaluation Services L.L.C. Terms and Conditions apply.

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



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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.

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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.

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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.