HSBC Car Loan Key Features – Jan 2021
| HSBC Car Loan Interest Rate | Starts @7.50% |
| Min Loan Amount | ₹ 75,000 |
| Max Loan Amount (Loan to Value) |
Loan up to 70% of the sale price |
| Loan Tenure | 1 year to 7 years |
| Lowest EMI / Lac | ₹ 1,526 |
| Minimum Net Monthly Income | ₹ 20,000 |
| Minimum ITR for Self Employed | ₹ 300,000 |
| Age Criteria | Salaried: 21 years to 70 years Self Employed: 21 years to 75 years |
| Types of Cars | For All New Passenger Cars, Multi Utility Vehicles (MUVs) and Sport Utility Vehicle (SUVs). |
| Processing Fee | Up to 0.40% of the loan amount |
| Foreclosure Charges | 2% of the principal outstanding |
| Basic Documentation | ID Proof, Address Proof, Salary Slip, Bank Statement and Car Quotation |
About HSBC Car Loan
HSBC is a multinational investment bank. In 2018, HSBC was the 7th largest bank in the world. It has 3,900 offices in 65 countries.
HSBC offers Car Loan who wants to purchase a Car. It offers you flexible repayment options. Also, HSBC provides low-interest rates for higher loan amounts for Car Loans.
HSBC offers Car Loans at affordable rates of interest to the customer for purchasing a car either new or second hand. A car loan is easily available which can be got who have a good credit/CIBIL score.
HSBC Car Loan Eligibility
| Salaried Individual |
|
| Self-Employed Individuals |
|
| Self-Employed Non-Individuals (Company/Partnership) |
|
| Priority Customers |
|
HSBC Car Loan Interest Rate, Fees and Charges
| Charges | New Car Loan | Used Car Loan |
| Interest Rate | [email protected]% | [email protected]% |
| Processing fee | 0.40% of the loan amount | 0.40% of the loan amount |
| Issuance of Duplicate Repayment Schedule Charges | Rs.500 per instance | Rs.500 per instance |
| Foreclosure Charges | 2% of the principal outstanding | 2% of the principal outstanding |
| Penal Interest | 2% per month | 2% per month |
| Part Payment charges | Rs. 250 – Rs. 950 per month | Rs. 250 – Rs. 950 per month |
| Cheque/Instrument Swap Charge | NIL | NIL |
| Documentation Charge | Rs.500 per instance | Rs.500 per instance |
| Issuance of Duplicate No Dues Certificate Charges | NIL | NIL |
| Registration Certification Collection Charge | NIL | NIL |
| Cheque Bounce/Instrument Return Charges | Rs. 350 | Rs. 350 |
| Issuance of Duplicate Statement Charges | Rs.100 per statement | Rs.100 per statement |
| Loan Cancellation/Re-booking Charges | NIL | NIL |
| Issuance of Credit Report | Rs.50 per instance | Rs.50 per instance |
HSBC Car Loan Documents Required
Salaried Individual
| Category | Documents Required |
| Identity Proof
(Any 1) |
Driving Licence Aadhaar Card Passport PAN Voter ID |
| Address Proof
(Any 1) |
Driving Licence Aadhaar Card Passport PAN Voter ID |
| Date of Birth Proof
(Any 1) |
Birth Certificate Passport Driving Licence PAN |
| Signature Proof
(Any 1) |
Passport Bankers Verification PAN |
| Income Proof | Latest Form 16 and Salary Slips |
| Bank Statement | Bank statement of last 3 months |
| Employment Continuity Proof | Work Experience Certificate ITR of Form 16 Salary Slip with Joining Date Appointment Letter Letter of Relieving |
Self-Employed Individuals
| Category | Documents Required |
| Identity Proof (Any 1) | Driving Licence Aadhaar Card Passport PAN Voter ID |
| Address Proof (Any 1) | Driving Licence Aadhaar Card Passport PAN Voter ID |
| Date of Birth Proof (Any 1) | Birth Certificate Passport Driving Licence PAN |
| Signature Proof (Any 1) | Passport Bankers Verification PAN |
| Income Proof | Latest Form 16 and Salary Slips |
| Bank Statement | Bank statement of last 3 months |
| Employment Continuity Proof | Shop & Establishment Act Certificate Current Account Statement SSI or MSME Registration Certificate Sales Tax or VAT Certificate |
| Business Proof | Current Account Statement Telephone Bill Electricity Bill Shop & Establishment Act Certificate SSI or MSME Registration Certificate Sales Tax or VAT Certificate Registered Lease Document with other utility bills |
Self-Employed Non-Individuals:
1. Partnership Firms/Societies
| Category | Documents Required |
| Identity Proof (Any 1) | Driving Licence Aadhaar Card Passport PAN Voter ID |
| Address Proof (Any 1) | Driving Licence Aadhaar Card Passport PAN Voter ID |
| Income Proof | Audited Balance Sheet P&L Account and ITR for the previous 2 years |
| Bank Statement | Bank statement of last 3 months |
| Business Continuity Proof | Shop & Establishment Act Certificate Current Account Statement SSI or MSME Registration Certificate Sales Tax or VAT Certificate |
| Additional documents | Authority Letter/PAN cards |
2. Private Limited/Limited Companies
| Category | Documents Required |
| Identity Proof | Copy of Latest MOA Copy of Incorporation Copy of Latest AOA |
| Address Proof (Any 1) |
Current Account Statement
Telephone Bill Electricity Bill Shop & Establishment Act Certificate SSI or MSME Registration Certificate Sales Tax or VAT Certificate Registered Lease Document with other utility bills |
| Income Proof | Audited Balance Sheet P&L Account and ITR for the previous 2 years |
| Bank Statement | Bank statement of last 3 months |
| Business Continuity Proof | Shop & Establishment Act Certificate Current Account Statement SSI or MSME Registration Certificate Sales Tax or VAT Certificate |
| Additional documents |
List of Directors and Shareholding Partners
PAN Card Board Resolution Certificate of Commencement of Business for Ltd. Co. |
HSBC Car Loan EMI Calculator
An applier has the choice to check the EMI’s before availing a Car Loan. So, you can easily check through the link below:
HSBC Car Loan Types
HSBC offers 3 types of car loans to its customers. You have the option of selecting the offer which suits your need the best. It offers the following types of Car Loans from HSBC:
- New Car Loan – If you want to purchase a new car, this is the scheme for you. You can avail a Car Loan from HSBC for a minimum of Rs. 75,000 and a minimum tenure of 7 years.
- Used Car Loan – If you wish to buy a used car then you can select offers a minimum loan of Rs. 75,000 and a minimum tenure of 5 years.
- Loan Against Car – You can opt this scheme if you need urgent funds where you can keep your cars as security with the bank.
HSBC Car Loan Pre Calculated EMI
How to Apply for HSBC Car Loan? 
- Visit Dialabank and fill a form online.
- Our Relationship Manager will contact you and assist you throughout the process.
- You can compare various offers from banks and opt according to your suitability.
- So, you can easily apply for a Car Loan with Dialabank and enjoy best offers.
HSBC Car Loan for Top Selling Cars
Other Available Products from HSBC
| HSBC Personal Loan | HSBC Gold Loan | HSBC Home Loan |
| HSBC Credit Card | HSBC Two Wheeler Loan | HSBC Education Loan |
FAQs for HSBC Car Loan
✅ What is HSBC Car Loan?
HSBC Car Loan is a car loan offered to you for purchasing a car whether a new or used.
✅ How can I get Car Loan from HSBC?
You can get a car loan from HSBC by visiting the nearest branch of HSBC. You will get satisfaction to apply from anywhere.
✅How does HSBC Car Loan work?
HSBC works on providing the funds at attractive interest rates. You can avail a car loan easily and quickly. HSBC provides a flexible loan tenure period.
✅What is the Car Loan Interest Rate in HSBC?
The interest rate in HSBC for a car loan starts at 7.50%.
✅How to Check Car Loan status in HSBC?
You can visit the HSBC branch to check your car loan status. Also, you can use the net-banking facility of HSBC and get to know your car loan status.
✅How to Calculate Car Loan interest in HSBC?
For the calculation of your car loan interest in HSBC, the following information is required:
- Loan tenure
- Loan amount
- Rate of Interest
To calculate your car loan interest and EMI in HSBC through the EMI calculator.
✅What is the maximum loan amount I can avail on Car Loan from HSBC?
The maximum loan amount that can be availed by you for a car loan from HSBC is up to 70% of car Price.
✅What is the loan tenure of HSBC Car Loan?
The loan tenure of HSBC for a car loan is up to 7 years.
✅Can I get 100% Car Loan from HSBC?
No, you can not get 100% car loan from HSBC. You can get 70% car loan from HSBC.
✅How much processing fee is applicable on HSBC Car Loan?
The processing fee applicable on HSBC is up to 0.40% of the loan amount for getting a car loan.
✅What are the EMI options available on HSBC Car Loan?
The EMI options available on HSBC car loan are Step-up and Balloon EMI.
✅What are the charges for Prepayment in HSBC Car Loan?
The prepayment charges in HSBC is 2% of the principal outstanding for availing a car loan.
✅Can I get a top-up loan on my existing HSBC Car Loan?
Yes, you can get a top-up loan on your existing HSBC car loan. Also, you can get a top-up car loan by visiting the online platform of Dialabank.
✅Do I need to provide a guarantor to avail a car loan from HSBC?
No, there is no need to provide a guarantor to avail a car loan from HSBC. You can avail a car loan without any guarantor.
✅How to get a HSBC Car Loan Statement?
To get a car loan statement of HSBC, you can use HSBC’s mobile banking app. Also, visit the nearest HSBC branch to know your car loan status.
✅How to pay HSBC Car Loan interest online?
You can pay your car loan interest through the net-banking services of HSBC. If you want a low-interest car loan, you must visit Dialabank online.
✅What if I can’t pay the interest on HSBC Car Loan for 3 months?
If you don’t pay the interest on HSBC Car Loan for 3 months, then it will put on to the outstanding loan amount and repayment charges will reframe.
✅How can I apply for EMI Moratorium on HSBC Car Loan?
You can apply for EMI Moratorium on HSBC through visiting the nearby branch of HSBC or you can submit a request through an email. Also, if you want relief for the balance duration, you must apply through Dialabank.
✅What is the number for HSBC Car Loan agent?
The number for HSBC Car Loan agent is 1860 266 2667.
✅Can I close HSBC car loan online?
You can close your car loan from HSBC by using the net-banking page of HSBC. You have to log in using your details on the net-banking page and pay your car loan.
✅What is HSBC Car Loan Customer Care Number?
The customer care number of HSBC for car loan queries is 1860 500 2255.
✅ How can I get NOC from HSBC for a car loan?
You can get a car loan NOC from HSBC when you pay your loan amount of car loan.
✅ What is the HSBC Car Loan closure procedure?
- Just go to the bank with the documents.
- Write a letter for pre-closure of the HSBC Car Loan account.
- Pay the pre-closure charges as per HSBC Car Loan.
✅ What is the HSBC Car Loan preclosure charges?
HSBC Car Loan preclosure charges are 2% of the principal outstanding.
✅ What is the HSBC Car Loan maximum tenure?
The HSBC Car Loan maximum tenure is 7 years.
✅ What is the HSBC Car Loan minimum tenure?
The HSBC Car Loan minimum tenure is 1 year.
Table of Contents
- 1 HSBC Car Loan Key Features – Jan 2021
- 2 About HSBC Car Loan
- 3 HSBC Car Loan Eligibility
- 4 HSBC Car Loan Interest Rate, Fees and Charges
- 5 HSBC Car Loan Documents Required
- 6 HSBC Car Loan EMI Calculator
- 7 HSBC Car Loan Types
- 8 HSBC Car Loan Pre Calculated EMI
- 9 How to Apply for HSBC Car Loan?
- 10 HSBC Car Loan for Top Selling Cars
- 11 Other Available Products from HSBC
- 12 FAQs for HSBC Car Loan
- 12.1 ✅ What is HSBC Car Loan?
- 12.2 ✅ How can I get Car Loan from HSBC?
- 12.3 ✅How does HSBC Car Loan work?
- 12.4 ✅What is the Car Loan Interest Rate in HSBC?
- 12.5 ✅How to Check Car Loan status in HSBC?
- 12.6 ✅How to Calculate Car Loan interest in HSBC?
- 12.7 ✅What is the maximum loan amount I can avail on Car Loan from HSBC?
- 12.8 ✅What is the loan tenure of HSBC Car Loan?
- 12.9 ✅Can I get 100% Car Loan from HSBC?
- 12.10 ✅How much processing fee is applicable on HSBC Car Loan?
- 12.11 ✅What are the EMI options available on HSBC Car Loan?
- 12.12 ✅What are the charges for Prepayment in HSBC Car Loan?
- 12.13 ✅Can I get a top-up loan on my existing HSBC Car Loan?
- 12.14 ✅Do I need to provide a guarantor to avail a car loan from HSBC?
- 12.15 ✅How to get a HSBC Car Loan Statement?
- 12.16 ✅How to pay HSBC Car Loan interest online?
- 12.17 ✅What if I can’t pay the interest on HSBC Car Loan for 3 months?
- 12.18 ✅How can I apply for EMI Moratorium on HSBC Car Loan?
- 12.19 ✅What is the number for HSBC Car Loan agent?
- 12.20 ✅Can I close HSBC car loan online?
- 12.21 ✅What is HSBC Car Loan Customer Care Number?
- 12.22 ✅ How can I get NOC from HSBC for a car loan?
- 12.23 ✅ What is the HSBC Car Loan closure procedure?
- 12.24 ✅ What is the HSBC Car Loan preclosure charges?
- 12.25 ✅ What is the HSBC Car Loan maximum tenure?
- 12.26 ✅ What is the HSBC Car Loan minimum tenure?
