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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.

Before you apply, you can receive an estimate of your interest rate without it affecting your credit score. Find out more about this loan and if it's right for you in this review.

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

1 - 12 of 12

Name	Interest Rate (p.a.)	Comp. Rate (p.a.)	Application Fee	Monthly Fee	Monthly Repayment
OurMoneyMarket Car Loan - Excellent Credit ExclusiveFixed1 - 7 Years $2,001 - $75,000	Interest Rate (p.a.) 6.57% to 18.99%	Comp. Rate (p.a.) 6.57% to 21.78%	Application Fee $0	Monthly Fee $0	Monthly Repayment $613.62	Go to site More Info Compare	Finder Exclusive: Apply by December 15th 2023 and if approved, OurMoneyMarket will waive the establishment fee for Excellent Credit Customers.
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 site More Info Compare
loans.com.au - New - Fixed Rate Special Fixed3 - 7 Years $5,000 - $150,000	Interest Rate (p.a.) 7.09%	Comp. Rate (p.a.) 8.21%	Application Fee $400	Monthly Fee $8	Monthly Repayment $638.73	Go to site More Info Compare	You'll receive a fixed rate of 7.09% p.a. based on your risk profile Finance a new car and benefit from features such as fast approval, no ongoing fees and an optional balloon payment.
CarMoney New Car Loan ExclusiveFixed18 Months - 7 Years $5,000 - $150,000	Interest Rate (p.a.) 6.89% to 15.09%	Comp. Rate (p.a.) 8% to 16.16%	Application Fee $400	Monthly Fee $8	Monthly Repayment $636.87	Go to site More Info Compare	Finder Exclusive: Apply for and settle a car loan and get a $200 cashback. Limited time offer. Terms and conditions apply.
NRMA New Car Loan Fixed1 - 7 Years $5,000 - $130,000	Interest Rate (p.a.) 7.29% to 16.99%	Comp. Rate (p.a.) 8% to 17.77%	Application Fee $499	Monthly Fee $0	Monthly Repayment $635.67	Go to site More Info Compare	Note: Take out a loan for an eligible electric vehicle and receive a 1.5% discount on your personalised interest rate (interest rates start from 5.49% p.a. and comparison rates from 6.19% p.a.)
RACV New Car Loans Fixed1 - 7 Years $5,000 - $150,000	Interest Rate (p.a.) 7.29% to 16.99%	Comp. Rate (p.a.) 8% to 17.77%	Application Fee $499	Monthly Fee $0	Monthly Repayment $635.67	Go to site More Info Compare	You'll receive a fixed rate from 7.29% p.a. A larger loan of $5,000 or more to help you buy a new or used car. 5-hour pre approval available and no ongoing fees.
loans.com.au - New - Variable Rate Special Variable3 - 7 Years $5,000 - $150,000	Interest Rate (p.a.) 6.24%	Comp. Rate (p.a.) 7.36%	Application Fee $400	Monthly Fee $8	Monthly Repayment $630.83	Go to site More Info Compare
CarMoney Used Car Loan Fixed18 Months - 7 Years $5,000 - $150,000	Interest Rate (p.a.) 6.2% to 15.75%	Comp. Rate (p.a.) 6.71% to 16.18%	Application Fee $399	Monthly Fee $0	Monthly Repayment $622.43	Go to site More Info Compare
RACV Used Car Loans Fixed1 - 7 Years $5,000 - $150,000	Interest Rate (p.a.) 8.49% to 16.99%	Comp. Rate (p.a.) 9.21% to 17.77%	Application Fee $499	Monthly Fee $0	Monthly Repayment $647.01	Go to site More Info Compare	You'll receive a fixed rate from 8.49% p.a. Benefit from no ongoing fees, 5-hour approval and a 21-day satisfaction guarantee. Interest rate discounts for members.
NRMA Used Car Loan Fixed1 - 7 Years $5,000 - $130,000	Interest Rate (p.a.) 8.49% to 16.99%	Comp. Rate (p.a.) 9.21% to 17.77%	Application Fee $499	Monthly Fee $0	Monthly Repayment $647.01	Go to site More Info Compare	You'll receive a fixed rate from 8.49% p.a. Finance a used car with NRMA and benefit from a fixed rate term and no monthly fees. Pre-approval available within 5 business hours.
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 site More Info Compare	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.
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 site More Info Compare	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.

Showing 12 of 12 results

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