| Minimum Salary | Salary Transfer | Early Settlement Fees | Maximum Term | Flat Rate | Reducing Rate | |
|---|---|---|---|---|---|---|
HSBC Car Loan
|
Minimum Salary: AED 7,500 | Salary Transfer: Yes | Early Settlement Fees: 1% | Maximum Term: 5 Years | Flat Rate: 1.99% | Reducing Rate: 4.0% |
Drive off with an HSBC Car Loan from 2.25% p.a.*
HSBC Car Loan comes with plenty of benefits to help get you on the road in the car you need, whether it’s an SUV or a convertible.
Here are just some of them:
*Product and offer terms and conditions and fees and charges apply.
Representative example:
If you borrow AED 10,000 over 3 years at a Representative APR of 4.6% fixed and an annual profit rate of 4.6% you would pay:
Payment per month – AED 297.50 | Total charge for credit – AED 710 | Total amount you repay – AED 10,710
Please note, the actual rate applied to your loan will depend on your circumstances.
HSBC Car Loan comes with plenty of benefits to help get you on the road in the car you need, whether it’s an SUV or a convertible.
Here are just some of them:
- Even lower monthly installments with our innovative finance solutions
- 10% discount on auto insurance from Zurich when you buy online**
- No mandatory salary transfer to HSBC required
- Loan amount up to AED 918,000 depending on your eligibility
*Product and offer terms and conditions and fees and charges apply.
Representative example:
If you borrow AED 10,000 over 3 years at a Representative APR of 4.6% fixed and an annual profit rate of 4.6% you would pay:
Payment per month – AED 297.50 | Total charge for credit – AED 710 | Total amount you repay – AED 10,710
Please note, the actual rate applied to your loan will depend on your circumstances.
** Calculator Definitions
Amount:
The total amount of money borrowed, also referred to as the principal amount.
Rate (%):
This is the annual interest rate on the product which is equivalent to APR, which is going to be calculated in this example.
Years:
This is the original term or length of the product, stated in years.
Effective Monthly Payment:
This is the effective monthly payment, which takes into consideration fees and other costs associated with this product. The effective monthly payment is the basis for the APR calculation.
Calculated Annual Percentage Rate (%):
The Calculated Annual Percentage Rate (APR) is determined using the annual interest rate of the product plus fees and other costs. This rate may differ from bank to bank. APR is useful when comparing two or more products with different interest rates and fee structures.
Representative Example Calculator
