Rating based on 33 reviews

HSBC

Updated

  • Car loans up to $50,000
  • Low-interest starting from 8.5%
  • Repayment up to 5 years

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HSBC homepage

Author HSBC. Screenshot of HSBC website. [Accessed March 30, 2021]

About HSBC

HSBC was born in March 1865 HSBC from a simple idea, a local bank serving international needs! We opened our doors in Hong Kong.

We are one of the world’s largest banking and financial services institutes offering personal loans, car loans and more. We currently serve more or less 38 million clients from side to side with four international businesses.

We enable businesses to thrive

We have about 3 900 offices around the world and we aim to be where the growth connection is, we strive to enable opportunities and enable businesses to thrive, economics to prosper, and ultimately help people to fulfil their hopes and dreams and realise their ambitions.

Banks play a role

HSBC knows how imperative it is that the banks play an affirmative role in the global economy as well as the society. HSBC are firm believers that a sustainable bank must be consistently profitable, and not be too concerned with profit making.

HSBC Services

With an HSBC car loan, you have the benefit of enjoying a trouble-free application our process is quick as well as our turnover funds and turnaround time.

The main attraction of this loan is that it is unsecured, meaning that you do not need to offer any asset as a guarantee with this personal loan and that it is available to more people who wish to purchase their dream vehicle.

Our values

Our values are vital in achieving our purpose of assisting businesses to prosper, economics to prosper and individuals to realise their ambition, our values also define who we are as an establishment.

Our strategy

We support small and large companies grow domestically and internationally, our objective is to be the world’s leading and most respected international bank and is emerging wealth management services and investing in retail banking in markets where we can accomplish profitable scale.

HSBC Product Details

  • Loan Type Car loans
  • Interest Rate 8.5 – 16.99% p/a
  • Loan Amount up to $50,000
  • Repayment 1 year to 5 years

Summary of Services

  • Get a loan response in 60 seconds
  • Flexible car loan amounts
  • Fixed monthly repayments

Features of the HSBC car loan

We are straightforward about our product on offer and there are no hidden agenda’s because we make all the information that is needed easy to find and understand. However, this does mean that the rates are higher.

Competitive interest rates

The fixed interest rate that applies to this loan is 9.5per cent per annum and the comparison rate is 10.06per cent per annum.

Effortless application process

Our online loan application process takes all of about ten minutes to complete. You are also able to upload all the relevant documents online and receive a response within 60 seconds of submitting.

Offers full approval

We do not offer provisional approval; this puts you in a position of power when it comes to negotiating because you will have full financing for your car.

Quick fund turnover

The fast loan will be available within two to five business days after the approval process has been completed and you do qualify for the loan.

Large loan amounts

Our minimum loan amount on offer is $5000 and the maximum amount is $50 000.

Annual fee

We do charge a monthly fee of $5 which will cost $60 per year; this account does not have an annual fee.

Flexible repayments

We give you this choice of how you would prefer to make repayments on your loan account by means of monthly, weekly or every fortnight.

Fees and charges

Our establishment fee $150, An early termination fee of $199 is charged, the early termination fee will not be charged in the last six months of the loan term contract, a return fee of $35, our monthly account service fee is $5, duplicate-statement fee of $7 and unfortunately a late-payment reminder fee of $30 this amount will be payable on your loan account should you not make payment within three days of due date.

How to apply for the HSBC car loan

It is necessary that you are over the age of 18 years or older, you need to earn at least $40 000 annually, your credit rating is to be in good order, provide proof of identity, address details and proof of your income and employment to apply for vehicle finance.

You will need to provide the following documents:

In order to prove your identity we will require an Australian license or passport, we will request a notice or utility bill in order to prove your address, your most recent payslip, your last tax assessment should you be self-employed or a current bank statement this is to prove your income and employment status

HSBC’s unsecured car loan is a good option to consider whilst you are looking for a car loan and we will ensure that your needs are met.

Customer Reviews & Testimonials

This is the most helpful and efficient platform. Saved me quite a bit time. All the work was done for me.

Grace
— Adelaide —

Decision making made so much easier. Most relevant information provided.

Claire
— Brisbane —

Having the compared information provided broader perspective

Harper
— Melbourne —

HSBC Contact Details

Contact Number

E-Mail

  • not available

Website

Physical Address


Postal Address

  • Customer Relations Team HSBC Bank Australia Limited Tower 1 - International Towers Sydney 100 Barangaroo Avenue, Sydney, NSW, 2000, Australia

Opening Hours

  • Monday 09:30 – 16:00
  • Tuesday 09:30 – 16:00
  • Wednesday 09:30 – 16:00
  • Thursday 09:30 – 16:00
  • Friday 09:30 – 17:00
  • Saturday – Closed
  • Sunday – Closed