Experience competitive rates, commencing at a 4.19% annual percentage rate, as a Premier customer applying for a new car.1 Benefit from a special rate and a discount on arrangement fees specifically applicable to Electric and Plug-in Hybrid Vehicles. Opt for a balloon repayment option with reduced monthly payments, suitable for those who prefer changing their cars every 2-3 years. No mandatory salary transfer to HSBC is necessary. No account opening is compulsory. Apply conveniently for a car loan online and receive a callback from our dedicated sales specialists.
Eligibility Criteria
You are eligible if you are a UAE national or expatriate resident aged between 21 and 65 years. Earn a minimum monthly salary of AED 10,000 per month.
Fees & Charges: Application fee: 1% of the loan amount (Min AED 500, Max AED 2,500). Early Settlement: 1% of the remaining balance. Advance payment: 1% of the advance payment.
Documents Required: For UAE nationals and expatriate residents
- 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
- Proof of income – salary certificate/salary transfer letter if the salary is not assigned to HSBC Bank
- Repayment mechanism – standing instruction plus an undated security cheque from the salary-assigned account
- HSBC Middle East Finance Company Limited application form and agreement are fully completed in block letters and signed in the presence of a Sales Specialist
For self-employed individuals buying new/used vehicles from authorized 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 the main operating account
- HSBC Middle East Finance Company Limited application form and agreement are fully completed in block letters and signed in the presence of a Sales Specialist
- Valid documents in support of business/partnership, i.e., trade license copy, memorandum/articles of association, passport copies of owners/partners, and additional documents can be requested based on individual requirements.
