HSBC - Car Loan

HSBC - Car Loan

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Enjoy up to 20% reduced interest rates on new and pre-owned cars.* *Product terms and conditions, fees and charges apply Features & Benefits:
• Flat Rates starting from 2.49% p.a, Reducing Rates starting from 4.60% p.a.
• No mandatory salary transfer to HSBC is required
• Loan amounts up to AED 918,000 depending on your eligibility
• Reduced monthly instalments with Balloon repayment option
• 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
• Get an HSBC current account with no minimum balance requirement for the duration of your loan Eligibility:
• You are a UAE national or expatriate resident aged between 21 and 65 years
• You earn a minimum monthly salary of AED 20,000 per month
• Fees & Charges:
• Application fee: 1% of loan amount: Min AED 500, Max AED 2,500.
• Early Settlement: 1% of remaining balance
• Advance payment: 1 % of advance payment Documents Required:
• 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 Middle East Finance Company 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 Middle East Finance Company 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.

  • Business vehicle finance: No
  • Only for listed companies: No
  • Down Payment: 20%
  • Heavy vehicle finance: No

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