HSBC Car Loan
Enjoy rates starting from 2.59% annual percentage rate if you're a Premier customer applying for a new car.1
0.25% discount on flat interest rates when financing full electric vehicles and special flat annual percentage rate of 1.84% for TESLA4
Balloon repayment option with reduced monthly payments if you like to change your car every 2-3 years
Car loan calculator terms and conditions:
Green car loans:
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
- borrow up to AED 600,000 depending on your eligibility
- available for all types of saloon, four-wheel drive vehicles and motorcycles
Green Car Loans
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 10,000 per month
Things you should know
|Total loan amount||Repayment Tenor||Monthly instalment||APR (Annual Percentage Rate)6||Total interest (for the loan tenor)||Total Processing Fees (including VAT)|
|AED 200,000.00||60||AED 3,715||
Reducing Balance: 4.55%
|AED 22,899||AED 2,100.00|
|Total loan amount||AED 200,000.00|
|Monthly instalment||AED 3,715|
|APR (Annual Percentage Rate)6||
Reducing Balance: 4.55%
|Total interest (for the loan tenor)||AED 22,899|
|Total Processing Fees (including VAT)||AED 2,100.00|
You may have to pay penalties if you pay off a loan/financing early.
If you do not meet the repayments/payments on your loan/financing, your account will go into arrears. This may affect your credit rating, which may limit your ability to access financing in the future.
Refinancing your loans/financing may take longer to pay off than your previous loan/financing and may result in paying more in interest/profit.
1Annual Percentage Rate quoted is based on flat rate which is fixed throughout the loan tenor, and is inclusive of 1% arrangement fee amortized over the maximum loan tenor of 60 months. Interest is calculated on the basis of a 365 day calendar year and accrues daily. We apply the interest rate to your Loan balance as it reduces each month (i.e. as you pay each scheduled instalment). Equivalent reducing rate is 4.74% per annum.
3The Concierge Service is an optional service provided by Dubizzle Motors L.L.C. and applicable for valuation of used cars purchased from individuals. 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.