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Car Loan

Is life about the destination or the ride?


  • Enjoy rates starting from 4.19% annual percentage rate if you're a Premier customer applying for a new car.1
  • Special rate and discount on arrangement fees applicable to Electric and Plug-in Hybrid Vehicles
  • Balloon repayment option with reduced monthly payments if you like to change your car every 2-3 years
  • No mandatory salary transfer to HSBC is required
  • No account opening required
  • Apply for a car loan online and get a call back from our dedicated sales specialists2


Car loan calculator terms and conditions:

The example in the Car Loan calculator is not a quotation and it is for illustrative purposes only. A full quotation will be provided when you apply and amounts may vary. The Car Loan calculation is designed to give you an indication and should be used as a guide only. Final interest rate and Car Loan approval is based on your individual circumstances and is subject to satisfactory documentation, internal policy, credit bureau checks.

Electric Vehicle Loans

• a 0.15% rate discount on applicable interest rate for Electric and Plug-in Hybrid Electric Vehicles.

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


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

Representative example

An illustrative example of monthly instalment, total interest and total processing fee for an HSBC Auto Loan for Premier customers applying for a new car.
Total loan amount Repayment Tenor Monthly instalment APR (Annual Percentage Rate)3 Total interest (for the loan tenor) Total Processing Fees (including VAT)
AED 200,000.00 60 AED 3,715

Flat: 2.49%

Reducing Balance: 4.55% 

AED 22,899 AED 2,100.00
An illustrative example of monthly instalment, total interest and total processing fee for an HSBC Auto Loan for Premier customers applying for a new car.
Total loan amount AED 200,000.00
Repayment Tenor 60
Monthly instalment AED 3,715
APR (Annual Percentage Rate)3

Flat: 2.49%

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.

Apply by phone

Our representative will call you back: 

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

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Vehicle Loan Agreement General Terms and Conditions, and HSBC Personal Banking General Terms and Conditions apply. Schedule of Services and Tariffs apply.

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 7.78% per annum.

2Our Vehicle Loan team is available from Monday to Friday, 9:00 to 16:30. If your form is submitted outside of these times, we will aim to Call you back on the next working day.

3The mentioned rate is applicable for Premier customers transferring salary to HSBC. This rate may vary depending on the customer segment and prevailing market condition.

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