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HSBC Car Loan

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HSBC Car Loan

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Application Fee
$150
Interest Rate (p.a.)
From 12.99% (fixed)
Comparison Rate (p.a.)
13.54%
Max Loan Amount
$50,000

Summary

Finance a new or used car and benefit from a personalised interest rate with the HSBC Car Loan.

HSBC offers a competitive and flexible personal loan that allows you to finance either a new or used car. You can apply for up to $50,000 and receive a personalised interest rate based on your Equifax score band.

In this guide

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  • Details
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  • Ask a question

Details

Product details

Product Name HSBC Car Loan
Interest Rate (p.a.) 12.99%
Comp. Rate (p.a.) 13.54%
Interest Rate Type Fixed
Min Loan Amount $5,000
Max Loan Amount $50,000

Main points to consider with the HSBC Car Loan

This loan offers a personalised interest rate starting from 12.99% p.a. You can get an estimate of your interest rate, which is based on your Equifax credit score, before you apply and without it affecting your credit score.

You're able to finance a new or used car with this loan. If you decide to proceed with the application, you're able to apply in about 10 minutes and you'll receive a response in 60 seconds. If approved, you will receive your funds in a few days. You can apply for up to $50,000.

Features of the HSBC Car Loan

  • Personalised interest rates. The fixed interest rate available on this loan starts from 12.99% p.a. The rate you receive depends on your application and your Equifax credit score band.
  • Loan terms. Loan terms for this loan are between 1 to 5 years.
  • Application process. You can complete the application process online in about ten minutes. You can upload all of the relevant documents online and you will have a response within 60 seconds of submitting.
  • Full approval. There is no conditional approval, which puts you in a position of power when it comes to negotiating as you will have full financing for your car.
  • Quick turnaround. Once you have been approved, you will receive the funds within two to five business days.
  • Loan amount. You can apply for between $5,000 and $50,000 to purchase your car.
  • Flexible repayments. You can choose whether you want to make weekly, fortnightly or monthly repayments with this loan.

Fees and charges

HSBC will charge you the following fees throughout the loan term:

  • An establishment fee of $150.
  • An early termination fee of $199. This will not be charged during the last six months of your loan-term contract.
  • A return fee of $35
  • A monthly account-servicing fee of $5
  • A duplicate-statement fee of $7
  • A late-payment-reminder fee of $30. This is payable on your loan if you don't make the full repayment within three days of the due date

How to apply for the HSBC Car Loan

To apply for this loan online, click on "Go to Site" and ensure that you meet the following criteria:

  • Be over the age of 18
  • Earn at least $40,000 per year
  • Have a good credit rating

You will need to provide the following documents:

  • Identification using a current passport and/or your Australian driver's licence
  • Address details in the form of a driver's licence, rates notice or utility bill
  • Details of your income and employment with a recent payslip, bank statement or last Tax Assessment Notice if you are self-employed

This unsecured car loan offered by HSBC is an option to consider while looking for car loans that meet your needs. Make sure you compare car loans before making a final decision.

Compare car loan providers

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1 - 5 of 106
Name Interest Rate (p.a.) Comp. Rate (p.a.) Application Fee Monthly Fee Monthly Repayment
loans.com.au - New - Variable Rate Special
Variable3 - 7 Years $5,000 - $150,000
Interest Rate (p.a.)
6.24%
to 7.74%
Comp. Rate (p.a.)
7.36%
to 8.85%
Application Fee
$400
Monthly Fee
$8
Monthly Repayment
$630.83
Go to siteMore Info
OurMoneyMarket New Car Loan
Fixed1 - 7 Years $2,001 - $75,000
Interest Rate (p.a.)
6.57%
to 18.99%
Comp. Rate (p.a.)
7.19%
to 21.78%
Application Fee
$250
min.
Monthly Fee
$0
Monthly Repayment
$622.82
Go to siteMore Info
Stratton Finance New Car Loan
Fixed1 - 7 Years $10,000 - $300,000
Interest Rate (p.a.)
6.52%
to 18%
Comp. Rate (p.a.)
6.95%
to 23%
Application Fee
$395
Monthly Fee
$0
Monthly Repayment
$625.27
Go to siteMore Info
You'll receive a fixed rate from 6.52% p.a. depending on the lender you are approved with.
Apply for up to $300,000 and use cash or trade in a vehicle to use as a deposit. Optional balloon payment available.
OurMoneyMarket Used Car Loan - No Vehicle Age Limit
Fixed1 - 7 Years $2,001 - $75,000
Interest Rate (p.a.)
6.57%
to 18.99%
Comp. Rate (p.a.)
7.19%
to 21.78%
Application Fee
$250
min.
Monthly Fee
$0
Monthly Repayment
$622.82
Go to siteMore Info
Stratton Finance Used Car Loan
Fixed1 - 7 Years $10,000 - $300,000
Interest Rate (p.a.)
6.52%
to 18%
Comp. Rate (p.a.)
6.95%
to 23%
Application Fee
$395
Monthly Fee
$0
Monthly Repayment
$625.27
Go to siteMore Info
You'll receive a fixed rate loan from 6.52% p.a. with a comparison rate of 6.95% p.a.
A used car loan of up to $300,000 with quick approval times and balloon payment options.
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