|Minimum Salary||Salary Transfer||Early Settlement Fees||Maximum Term||Flat Rate||Reducing Rate|
|HSBC - Green Car Loans||Minimum Salary: AED 7,500||Salary Transfer: No||Early Settlement Fees: 1%||Maximum Term: 0 Years||Flat Rate: -||Reducing Rate: -|
- 50% discount on the applicable arrangement fee
- Up to 0.25% discount on the applicable interest rate
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
- 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
** Calculator Definitions
Amount: The total amount of money borrowed, also referred to as the principal amount.
Rate (%): This is the annual interest flat rate on the product. This is not the 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.