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Car Loans

Apply online and save up to AED 1,250 with a 50% discount on the processing fees for HSBC Car Loans


Take advantage of reduced interest rates on new and pre-owned cars


With interest rates starting from 2.49% p.a. for a new car and 3.49% p.a. for a pre-owned car, you can now enjoy greater savings with an HSBC Car Loan. So whether it's a brand new car or a pre-owned vehicle, benefit from our reduced interest rates across the following payment tenures:

Car Loan Tenure Old Rate New Rate
New Car < 2 Years 2.99% 2.49%
New Car > 2 Years 3.49% 2.75%
Used Cars < 2 Years 3.99% 3.49%
Used Cars > 2 Years 4.24% 3.49%
Balloon Payment < 2 Years 2.49% 2.49%
Balloon Payment > 2 Years 3.49% 2.75%

Apply now

Our representative will call you back in 30 minutes2


Have us call you
or
Call us at your convenience

04 294 8000 (within the UAE) or


+971 4 294 8000 (outside the UAE)

Lines open from Saturday to Thursday 8:30am – 4:30pm


  • Apply for a Car Loan online and get a call back within 30 minutes2
  • 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 2.49% p.a.1

  • Repayment period

    From 12 to 60 months

  • Down payment

    20%

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

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

HSBC Middle East Finance Company Limited Terms and Conditions apply

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.

HSBC Middle East Finance Company Limited Terms and Conditions apply

Offer valid for all applications received between 1 June until 31 August 2016.

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, 8:30am to 4:30pm. If your form is submitted outside of these times, we will aim to call you back on next working day.

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.

Apply now

Our representative will call you back in 30 minutes2


Have us call you
or
Call us at your convenience

04 294 8000 (within the UAE) or


+971 4 294 8000 (outside the UAE)

Lines open from Saturday to Thursday 8:30am – 4:30pm


Pre-owned Cars

Getting behind the wheel is now easier done than said.


Enjoy rates starting from 3.99% 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 now

Our representative will call you back in 30 minutes2


Have us call you
or
Call us at your convenience

04 294 8000 (within the UAE) or


+971 4 294 8000 (outside the UAE)

Lines open from Saturday to Thursday 8:30am – 4:30pm


  • Apply for a Car Loan online and get a call back within 30 minutes2
  • 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 3.99% p.a.1

  • Repayment period

    From 12 to 60 months

  • Down payment

    20%

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

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

HSBC Middle East Finance Company Limited Terms and Conditions apply

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.

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 7.29% p.a.

2Our Vehicle Loan team is available from Sunday to Thursday, 8:30am to 4:30pm.

If your form is submitted outside of these times, we will aim to call you back on next working day.

Apply now

Our representative will call you back in 30 minutes2


Have us call you
or
Call us at your convenience

04 294 8000 (within the UAE) or


+971 4 294 8000 (outside the UAE)

Lines open from Saturday to Thursday 8:30am – 4:30pm


Balloon Payment Option

Enjoy flexible payment plans with our Balloon Payment option


A balloon payment is a lump sum amount owed to the bank at the end of a loan term after all regular monthly repayments have been made. The primary benefit of making a balloon payment through HSBC is reduced size of regular monthly repayments throughout the term of your car loan. Making a balloon payment is based on the vehicle price and finance term. We offer a balloon payment option only on new cars.

Term (months) 12 24 36 48
Balloon Payment % 70% 65% 45% 30%
Apply now

Our representative will call you back in 30 minutes2


Have us call you
or
Call us at your convenience

04 294 8000 (within the UAE) or


+971 4 294 8000 (outside the UAE)

Lines open from Saturday to Thursday 8:30am – 4:30pm


Advantage of making a balloon payment include:

  • Lower monthly instalment vs. standard loan
  • Increased affordability
  • Cash flow management

Benefits of an HSBC Car Loan include:

  • Interest rates starting from 2.49% p.a.1
  • Apply for a Car Loan online and get a call back within 30 minutes2
  • No mandatory salary transfer to HSBC is required
  • Loan amounts up to AED 918,000 depending on your eligibility
  • No account opening is required
  • PAYMENT PLAN

    Flexibility of paying 50% of the car value

  • Interest rate

    From 2.49% p.a.1

  • Repayment period

    From 24 to 48 months

  • Down payment

    20%

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

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

HSBC Middle East Finance Company Limited Terms and Conditions apply

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.

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 4.41% p.a.

2Our Vehicle Loan team is available from Sunday to Thursday, 8:30am to 4:30pm.

If your form is submitted outside of these times, we will aim to call you back on next working day.

Apply now

Our representative will call you back in 30 minutes2


Have us call you
or
Call us at your convenience

04 294 8000 (within the UAE) or


+971 4 294 8000 (outside the UAE)

Lines open from Saturday to Thursday 8:30am – 4:30pm


Arabic

Car Loans

New Cars

  Overview

  Eligibility

  Fees & Charges

  Documents

Pre-owned Cars

Pre-owned Cars

  Overview

  Eligibility

  Fees & Charges

  Documents

Balloon Payment Option

Balloon Payment Option

  Overview

  Eligibility

  Fees & Charges

  Documents

Apply now

Our representative will call you back in 30 minutes2
 

Have us call you

Call us at your convenience
04 294 8000 (within UAE) or
+971 4 294 8000 (outside UAE)
Lines open from Saturday to Thursday 8:30am -
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.

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.

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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.

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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.

Proceed

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.

Proceed

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.

Proceed

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.

Proceed

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