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HSBC Bank Middle East Limited, car loans 4 u.#Car #loans #4 #u


HSBC Car Loans

Car loans 4 u

Have us call you

With great deals all around, it’s the best time to buy your car. With low interest rates from 2.49% p.a. 2 and more benefits on HSBC Car Loans, you can get behind the wheel with ease.

  • Apply for a Car Loan online and get a call back from our Dedicated Sales Specialists 3
  • 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
  • Account opening required

Eligible retail customers who avail auto loans on electric or hybrid cars from approved auto dealerships will be eligible for 50% discount on the applicable arrangement fee and up to 0.25% discount on the applicable interest rate 4 .

Up to AED 918,000

From 2.49% p.a. 2

From 12 to 60 months

Car Loan Calculator

The HSBC Car Loan calculator is the easiest way to check your eligibility and monthly instalments. In just a few simple steps and based on the information provided, you can arrive at an approximate loan amount with options on monthly instalments for various repayment periods

Find out how much you are eligible for

Fees Charges

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

Offer valid from 6 November to 31 December 2017 (both days inclusive).

The Auto Loan must be submitted by 31 st December 2017 and it needs to be approved by 15 th January 2018 to be eligible for the offer.

1 A minimum auto loan amount of AED 100,000 is required to be eligible for the AED 1,000 cash back offer. Offer amount will only be given on successful drawdown.

2 Flat rate which is equivalent to the reducing balance rate of 4.60% p.a.

3 Our 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

4 This discount will be applied on the “flat interest rate”.

The benefits and features set out above are current as at the date they appear in this document. However, they may be subject to change at any time at our discretion. We will try to notify existing customers of any changes that may impact them either in advance of the change or shortly afterwards.


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