HSBC Car Loan
- Car loans up to $50,000
- Low-interest starting from 8.5%
- Repayment up to 5 years
Table of Contents
[Accessed May 2, 2023]
HSBC – They serve clients locally and internationally
HSBC was born in March 1865 HSBC from a simple idea, a local bank serving international needs! They opened their doors in Hong Kong.
They are one of the world’s largest banking and financial services institutes offering personal loans, car loans and more. They currently serve more or less 38 million clients from side to side with four international businesses.
They enable businesses to thrive
They have about 3 900 offices around the world and they aim to be where the growth connection is, they 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.
Car Loans up to $50,000
With an HSBC car loan, you have the benefit of enjoying a trouble-free application their process is quick as well as their 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.
Their values
Their values are vital in achieving their purpose of assisting businesses to prosper, economics to prosper and individuals to realise their ambition, their values also define who they are as an establishment.
Their strategy
They support small and large companies grow domestically and internationally, their 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 they can accomplish profitable scale.
HSBC – Car loan
- Loan Type Car loans
- Interest Rate 8.5 – 16.99% p/a
- Loan Amount up to $50,000
- Repayment 1 year to 5 years
Benefits of HSBC
- Get a loan response in 60 seconds
- Flexible car loan amounts
- Fixed monthly repayments
Car loan calculator
Features of the HSBC car loan
They are straightforward about their product on offer and there are no hidden agenda’s because they 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
Their 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
They 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
Their minimum loan amount on offer is $5000 and the maximum amount is $50 000.
Annual fee
They do charge a monthly fee of $5 which will cost $60 per year, this account does not have an annual fee.
Flexible repayments
They 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
Their 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, their 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 they will require an Australian license or passport, they 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 they will ensure that your needs are met.
HSBC is a trusted & reliable provider of car loans
In our review, HSBC adheres to the compliance criteria in accordance with the National Consumer Credit Protection Act 2009, where the granting the loan will not cause financial distress to the consumer.
✅ HSBC is a registered credit provider in Australia: ACL 232595
Customer Reviews & Testimonials
HSBC Contact
Physical Address
- 333 George St Sydney NSW 2000 Australia
- Get Directions
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