HSBC Car Loan Review - Rates & Fees | finder.com.au

HSBC Car Loan

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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.

$150

Application Fee

From 8.5% (fixed)

Interest Rate (p.a.)

9.06%

Comparison Rate (p.a.)

$50,000

Max Loan Amount

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Details

Product NameHSBC Car Loan
Interest Rate (p.a.)From 8.5% (fixed)
Comparison Rate (p.a.)9.06%
Interest Rate TypeFixed
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 8.5% 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 8.5% 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

Data updated regularly
$
Name Product Interest Rate (p.a.) Comparison Rate (p.a.) Min Loan Amount Loan Term Application Fee Monthly Service Fee Monthly Repayment
Loans.com.au - New and Dealer Used Car Loan
From 4.67% (fixed)
5.22%
$5,000
3 to 5 years
$400
$0
You'll receive a fixed rate from 4.67% 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. Settle the loan before 30 November 2021 and enter the draw to win a $1,000 fuel gift voucher. T&Cs apply.
Plenti Car Loan
From 4.89% (fixed)
5.44%
$2,000
3 to 7 years
from $249 to $799
$0
You'll receive a fixed rate from 4.89% p.a.
Borrow up to $100,000 with a Plenti Car Loan and benefit from no early repayment or exit fees.
IMB New Car Loan
4.99% (fixed)
5.34%
$2,000
1 to 7 years
$275.12 ($250 Application fee + $25.12 PPS registration fee)
$0
You'll receive a fixed rate of 4.99% p.a.
A low minimum borrowing amount of $2,000 that you can use to purchase a new car or one that's up to two years old.
NRMA New Car Loan
From 4.99% (fixed)
5.69%
$5,000
1 to 7 years
$499
$0
You'll receive a fixed rate from 4.99% p.a.
Purchase a new or used car up to 2 years old and benefit from a fixed rate and no monthly fees. Pre-approval available within 5 business hours.
Credit Concierge Car Loan
From 3.85% (fixed)
4.91%
$10,000
1 to 7 years
$350
$8.50
You'll receive a fixed rate of 3.85% p.a. with a comparison rate of 4.91% p.a.
Get access to over 20 providers to fund a new or used car.

Wisr Secured Car Loan
From 4.74% (fixed)
5.01%
$5,000
3 to 7 years
$195 (Includes PPSR registration fee)
$0
You'll receive a personalised interest rate from 4.74% p.a. to 16.01% p.a. based on your risk profile
A flexible car loan from $5,000 - $63,000 with personalised rates and rewards for strong credit customers.

NAB Personal Loan Unsecured Fixed
From 6.99% (fixed)
7.91%
$5,000
1 to 7 years
$150
$10
You'll receive a fixed rate between 6.99% p.a. and 18.99% p.a. ( 7.91% p.a. to 19.83% p.a. comparison rate) based on your risk profile
An unsecured loan up to $55,000 you can use for a range of purposes and pay off over up to 7 years. Note: Majority of customers will get the headline rate of 12.69% (13.56% comparison rate) or less. See Comparison rate warning in (i) above.
OurMoneyMarket Car Loan
From 5.35% (fixed)
5.65%
$2,001
1 to 7 years
$250
$0
You'll receive a fixed interest rate from 5.35% p.a. to 14.99% p.a. based on your risk profile.
Borrow between $2,001 and $75,000 to finance a new or used car up to 10 years.
CUA Secured Fixed Car Loan
6.79% (fixed)
7.16%
$5,000
1 to 7 years
$265 ($175 Establishment Fee + $90 Security Administration Fee)
$0
You'll receive a fixed rate of 6.79% p.a.
A secured loan with a high maximum borrowing amount up to $100,000. Redraw facility and no monthly fees.
Latitude Personal Loan (Secured)
From 5.99% (fixed)
7.26%
$3,000
1 to 7 years
Loans under $5000 - $140
$13
You'll receive a fixed rate between 5.99% p.a. and 21.99% p.a. based on your risk profile
Lock in a competitive fixed rate when you offer security. Loan can be used for any purpose and repayments are flexible. You can check your interest rate before applying with no impact to your credit score.
Stratton Finance New Car Loan
From 3.85% (fixed)
4.05%
$10,000
3 to 7 years
$700
$8.25
You'll receive a fixed rate from 3.85% p.a. depending on the lender you are approved with
Apply for up to $250,000 and use cash or trade in a vehicle to use as a deposit. Optional balloon payment available.
SocietyOne Car Loan
From 6.99% (fixed)
6.99%
$5,000
2 to 5 years
from 0% to 5% of the total loan amount
$0
You'll receive a fixed rate between 6.99% p.a. and 20.49% p.a. based on your risk profile
A loan from $5,000 to use for a range of purposes. Benefit from no ongoing fees and no early repayment fee.
RACV New Car Loans
From 4.99% (fixed)
5.69%
$5,000
1 to 7 years
$499
$0
You'll receive a fixed rate from 4.99% 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.
NRMA Used Car Loan
From 6.49% (fixed)
7.19%
$5,000
1 to 7 years
$499
$0
You'll receive a fixed rate from 6.49% 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.
Symple Loans Personal Loan
From 5.75% (variable)
6.47%
$5,000
1 to 7 years
from 0% to 5% of the loan amount
$10
You'll receive a personalised interest rate from 5.75% p.a. to 25.99% p.a. based on your risk profile
Borrow up to $50,000 to pay for what you need.
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Compare up to 4 providers

Car Loan Offers

Important Information*
Logo for IMB New Car Loan
IMB New Car Loan

You'll receive a fixed rate of 4.99% p.a.
A low minimum borrowing amount of $2,000 that you can use to purchase a new car or one up to two years old.

Logo for Beyond Bank Low Rate Car Loan "Special Offer"
Beyond Bank Low Rate Car Loan "Special Offer"

You'll receive a fixed rate of 4.69% p.a.
Take advantage of a competitive rate, pre-approval and no early repayment fees when you finance a car under two years old.

Logo for RACV New Car Loans
RACV New Car Loans

You'll receive a fixed rate from 4.99% 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.

Logo for NRMA New Car Loan
NRMA New Car Loan

You'll receive a fixed rate of 4.99% p.a.
Purchase a new or used car up to 2 years old and benefit from a fixed rate and no monthly fees. Pre-approval available within 5 business hours.

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