Car Loans | Apply for an Auto Loan in Dubai

Benefits

Apply for a car loan online and get a call back from our dedicated sales specialists¹
Reduced monthly payments with balloon repayment option
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 drive²
Dedicated sales specialists at your service
Available for all types of saloon, four-wheel drive vehicles and motorcycles
No account opening required

Offer and Product Terms and Conditions Apply. Schedule of Services and Tariffs apply.

¹Our 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 the next working day.

²This discount will be applied on the "flat interest rate".

HSBC Car Loan puts you in the driving seat.

How it works

Apply for a Car Loan online and get a call back from a dedicated sales specialist
No need to open an account or transfer your salary to HSBC
Borrow up to AED 918,000 depending on your eligibility
Available for all types of saloon, four-wheel drive vehicles and motorcycles

Offer and product terms and conditions apply. Schedule of services and tariffs apply.

¹Our Vehicle Loan team is available from Sunday to Thursday, 9:00am to 4:30pm. If you contact us outside of these times, we'll aim to call you back on the next working day.

HSBC Car Loan puts you in the driving seat.

How it works

Apply for a Car Loan online and get a call back from a dedicated sales specialist
No need to open an account or transfer your salary to HSBC
Borrow up to AED 918,000 depending on your eligibility
Available for all types of saloon, four-wheel drive vehicles and motorcycles

Offer and product terms and conditions apply. Schedule of services and tariffs apply.

¹Our Vehicle Loan team is available from Sunday to Thursday, 9:00am to 4:30pm. If you contact us outside of these times, we'll aim to call you back on the next working day.

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.

Concierge Service includes³:

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

³The Concierge Service is an optional, fee based service provided by Dubizzle Motors 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 Dubizzle Motors L.L.C. Terms and Conditions apply.

Enjoy rates starting from 2.99% per annum⁴ for 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 Specialists⁵
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

⁴Flat rate which is equivalent to the reducing balance rate of 5.62% per annum

⁵Our 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

Green Cars 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 rate⁶

⁶This discount will be applied on the "flat interest rate".

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

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.

Advantages of making a balloon payment include:

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

% of car price left to pay at loan end by term and customer type
Term in months	Balloon payment New cars¹ (% of asset price)	Balloon payment Used cars² (% of asset price)
12	70%	50%
24	HSBC Personal Banking Non-salary transfer customers: 55% All other customers: 65%	40%
36	45%	25%
48	30%	N/A

% of car price left to pay at loan end by term and customer type
Term in months	12
Balloon payment New cars¹ (% of asset price)	70%
Balloon payment Used cars² (% of asset price)	50%

Term in months	24
Balloon payment New cars¹ (% of asset price)	HSBC Personal Banking Non-salary transfer customers: 55% All other customers: 65%
Balloon payment Used cars² (% of asset price)	40%

Term in months	36
Balloon payment New cars¹ (% of asset price)	45%
Balloon payment Used cars² (% of asset price)	25%

Term in months	48
Balloon payment New cars¹ (% of asset price)	30%
Balloon payment Used cars² (% of asset price)	N/A

¹New cars refer to cars with only one owner (the customer).

²Used cars refer to cars previously owned by a person(s) other than the customer. Up to 2 year old used car models (as per car registration card) are eligible for balloon payment. For example, if the loan is applied anytime in 2019, then car models from 2017, 2018 and 2019 are eligible.

Eligibility

You can apply for a car loan if:

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

Adminstration fee charges
Description	Fee
Application fee 1% (1.05% inclusive of VAT) of loan amount	Min AED 500 (AED 525 inclusive of VAT)
	Max AED 2,500 (AED 2,625 inclusive of VAT)
Early settlement of 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

Adminstration fee charges
Description	Application fee 1% (1.05% inclusive of VAT) of loan amount
Fee	Min AED 500 (AED 525 inclusive of VAT)

Description	Max AED 2,500 (AED 2,625 inclusive of VAT)
Fee

Description	Early settlement of car loan
Fee	1% (1.05% inclusive of VAT) of remaining balance

Description	Advance payment of instalment
Fee	1% (1.05% inclusive of VAT) of the advanced payment

Employed individuals buying new/used cars from authorised dealers:

Valid Emirates ID
Valid passport copy (valid UAE visa for expatriates)
Valid UAE driving licence copy
Copy of the last 3 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 a 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 6 months' personal and business bank statements
Audited financials for the last 2 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

Things you should know

Apply online

Apply online using our simple application form.

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Apply by phone

Our representative will call you back:

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Alternatively, you can call us at your convenience: 04 294 8000 (within UAE) or +971 4 294 8000 (outside UAE).

Car Loan

HSBC Car Loan

Benefits

How it works

Enjoy rates starting from 2.99% per annum4 for on pre-owned cars

Green Cars Loans for electric or hybrid cars

What is an electric vehicle?

What is a hybrid vehicle?

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

New car

Used car

Green Cars Loans

Balloon payment option

Eligibility

Loan fees

Documents required

Things you should know

Apply online

Apply by phone

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Enjoy rates starting from 2.99% per annum⁴ for on pre-owned cars