HSBC Car Loan

I have read the Privacy Policy & Agree to Terms & Conditions and authorize Dialabank & its partner institutions to Call or SMS me with reference to my application.

Buy your dream Car

Rates as low as 7.35%*
Up to 100% Funding
Doorstep Service
Hassle-free Disbursal
Unbiased Experts Advice

HSBC Car Loan Key Features

HSBC Car Loan Interest Rate Starts @7.35%
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 amount for Car Loan.

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.

Advantages of HSBC Car Loan

HSBC Car Loan

HSBC Car Loan Eligibility

Salaried Individual
  • Age – 21-70 years of age
  • Net Monthly Income – should be minimum ₹ 20,000
  • Employment Duration – Minimum 1 year
  • Income Eligibility – Depends on Form 16 and Salary Slip
Self-Employed Individuals
  • Age – 21-75 years of age
  • Minimum ITR  – Rs. 4 lakh, Rs. 18 lakhs (for selected car models)
  • Employment Duration – Minimum 3 years
  • Income Eligibility – Depends on the latest Income Tax Returns
Self-Employed Non-Individuals (Company/Partnership)
  • Minimum ITR  – Rs. 4 lakh, Rs. 18 lakhs (for selected car models)
  • Employment Duration – Minimum 3 years
  • The applicant has to present IT returns and audited financials of 2 years with Calculated Income.
Priority Customers
  • Applicant should have a vintage of at least 6 months
  • Average Quarterly Balance – Minimum Rs.1 lakh for last 2 quarters
  • Maximum Loan Amount – 3 X Average Quarterly Balance of Last 2 quarters

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:

Car Loan EMI Calculator

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:

  1. 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.
  2. 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.
  3. 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?        hsbc car loan

  1. Visit Dialabank and fill a form online.
  2. Our Relationship Manager will contact you and assist you throughout the process.
  3. You can compare various offers from banks and opt according to your suitability.
  4. 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 7.35%.

✅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.

Table of Contents

Menu