HSBC - Green Car Loans

HSBC - Green Car Loans

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Need a new car but concerned about climate change? Don't worry. As part of our sustainability initiative and the UAE Government's 2021 vision, we at HSBC are proud to offer Green Car Loans.A Green Car Loan will not only suit your needs and budget but also contribute to clean energy and a green future. 50% discount on the applicable arrangement fee Up to 0.25% discount on the applicable interest rate What is an electric vehicle? An electric vehicle can be powered, partially or fully by a battery that can be plugged into a power source. Electric vehicles are considered zero-emission vehicles because their motors do not produce any exhaust or emissions. What is a hybrid vehicle? A hybrid vehicle is one that is propelled by more than one power source brought together to work in conjunction. What are the benefits of driving an electric or a hybrid vehicle? Reduced fuel consumption and emissions Cleaner electric energy Optimized fuel efficiency and performance Recovered energy from regenerative braking Eligibility:
• 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 Required 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 updated security cheque from a 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 updated security cheque from the 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 the 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: 0%
  • Heavy vehicle finance: No

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