HSBC - Car Loan
Unsecured | Fixed | New or used car
The HSBC Car Loan offers an advertised interest rate from 12.99% p.a. and a comparison interest rate from 13.54% p.a.. The HSBC Car Loan is a Fixed rate, Unsecured loan with a borrowing range of between $5,000 and $50,000 and a loan repayment term of between 1 and 5 years.
More HSBC Car Loan details can be found below or visit HSBC to learn more or apply.
Advertised Rate
Comparison Rate
Loan Term
Borrowing Range
Interest
Loan Security
Loan Terms
Fees
Who is the product designed for?
These customers are likely to have the following objectives, needs, financial situation and must meet the eligibility criteria for this product:
Needs & Objectives
Customers with any one or more of the following needs and objectives:-
- Require a personal loan to:
- achieve various life goals e.g., buying a car, property renovation, paying for a wedding, education, or holiday.
- consolidate debts.
- help manage cash flow.
- Do not want to give security over any assets.
- Ability to pay off the loan over a chosen time frame and make additional repayments.
Financial situation
Customers in all of the following financial situations:-
- Require a credit facility between $5,000 to $50,000.
- Earn a regular income.
- Have a good credit rating and not be experiencing financial hardship or financial stress as identified through credit bureau checks carried out at the time of application.
- Be able to make the fixed monthly repayment each month on their account without experiencing financial hardship.
Eligibility Criteria
To hold a personal loan, customers must be able to satisfy certain eligibility criteria, including that customers must:
- Be aged 18 years or older.
- Be an existing HSBC Australia customer for at least 12 months; or have an existing Mortgage with HSBC; or hold HSBC Premier status at the time of application.
- Be an Australian resident.
- Earn a regular income of at least AUD40,000 per year before tax.
- Have a good credit rating and not be experiencing financial hardship or financial stress as identified through credit bureau checks carried out at the time of application.
- Be able to service the proposed loan in accordance with the HSBC’s lending criteria and responsible lending obligations at the time of application.
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