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HSBC Car Loans

For your clean, green driving machine.

Apply now

Apply now

Introducing Green Car Loans for electric or hybrid cars.


Need a new car but concerned about climate change? Don't worry. As part of our sustainability initiative and the UAE Government's 2021 vision, we at HSBC are proud to offer Green Car Loans.

A Green Car Loan will not only suit your needs and budget but also contribute towards clean energy and a green future.

With Green Car Loans from HSBC, you may enjoy:

  • 50% discount on the applicable arrangement fee
  • Up to 0.25% discount on the applicable interest rate1

What is an electric vehicle?

An electric vehicle can be powered, partially or fully by a battery that can be plugged into a power source. Electric vehicles are considered zero emission vehicles because their motors do not produce any exhaust or emissions.


What is a hybrid vehicle?

A hybrid vehicle is one that is propelled by more than one power source brought together to work in conjunction.


What are the benefits of driving an electric or a hybrid vehicle?

  • Reduced fuel consumption and emissions
  • Cleaner electric energy
  • Optimized fuel efficiency and performance
  • Recovered energy from regenerative braking

Fees & Charges 

DESCRIPTION FEE
Application fee 0.5% (0.525% inclusive of VAT) of loan amount Minimum AED 500 (AED 525 inclusive of VAT)
Maximum AED 2500 (AED 2,625 inclusive of VAT)
Early settlement for car loan 1% (1.05% inclusive of VAT) of remaining balance
Advance payment of instalment 1% (1.05% inclusive of VAT) of the 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 Bank Middle East 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 Bank Middle East 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 Bank Middle East Limited Terms and Conditions apply.


Auto Loan Terms and Conditions and fees and charges apply.



1This discount will be applied on the "flat interest rate".

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.

Ready to apply?

  • Our representative will call you back2

Apply now

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.