All Loans > Car Loans > Hsbc Car Loans Calculator
Important disclosure

HSBC Car Loans Overview

HSBC logo

HSBC is one of the largest international banks, with offices in 128 countries. HSBC UK offers a complete roundup of banking services, from personal to commercial and private.

Wondering if an HSBC car finance is right for you? Use our HSBC car loan calculator to get quick estimates on your monthly repayment fees. Check HSBC car loan rates, incentives for good credit scores, and the required equity for approval.

Among HSBC’s leading products are current accounts, savings accounts, and insurance. They also offer short- and long-term borrowing products such as credit cards, mortgages, and personal loans. The latter includes HSBC vehicle loans, home improvement loans, and debt consolidation loans.

Terms from 1 to 10 years. Representative example: 5 year £10,000 loan with comparison rates from 2.8% to 49.9% APR would cost between £10,728 and £27,321, including fees. The interest can vary between £728 and £17,321.

HSBC car loan features

  • £1,000 to £25,000 loan funds
  • 1 to 5-year loan term for £15,000
  • Up to 8-year term for amounts above £15,000
  • Fixed monthly repayment amount
  • Quick-access funds if you’re an HSBC current account holder
  • Free overpayment of loan
  • Lets you borrow up to £50,000 if you’re an HSBC Premier account holder

How to apply for an HSBC Bank car loan

You’re eligible if you:

  • Are 18 years old or above
  • Live in the UK
  • Own and use a bank or building society account with a direct debit facility
  • Earn £10,000 or more (before tax) every year, either from your employment or pension

Application steps for an HSBC auto loan

If you already have an account in HSBC, you can log in and apply right away for an HSBC car loan. Otherwise, you need to get a personalised quote first. To start applying for an HSBC car loan, install their mobile app or go to their website.

If you don’t have an HSBC account yet, follow these steps to get a personalised loan:

  • Go to this page. Select the checkboxes in the data privacy disclaimer and click Continue.
  • You’ll see the Loan Details page. In this part, you have to enter the amount you want to borrow, loan term, and loan purpose. If you’re borrowing an HSBC car loan, select Vehicle – New or Vehicle – Used in the dropdown button. You also have to confirm that you’re a UK resident by selecting the UK resident radio button. Click Continue.
  • Next, provide your personal details. Enter your title, name, birthday, marital status, and the number of dependants. You also have to enter your postcode and provide your address details.
  • After entering your details, provide your employment details such as your status, income, and how often you’re being paid. You also have to confirm if you own an HSBC credit card. Click Continue.
  • The next page will display the results if you’re eligible to borrow an HSBC car loan or not.

 

HSBC car loan calculator

Provider
Product Information
EST Monthly
Repayment
Interest
Rate
Repayment
Period
Loan
Amounts
Sort loans by

Loan Amount

£20,000

Term

60 months

Change
HSBC

HSBC Car Loans

HSBC Car Loans
EST Monthly Repayment
£425 Inclusive of fees
EST Monthly Repayment
9.99%
APR
EST Monthly Repayment
12 months
to 60 months
EST Monthly Repayment
£10,000
to £250,000
GO TO SITE
View HSBC's website for more details on their car loans
Featured
Carmoola

Car Hire Purchase

EST Monthly Repayment
£474 Inclusive of fees
Interest Rate
14.80%
APR
Repayment Period
12 months
to 60 months
Loan Amounts
£2,000
to £40,000
GO TO SITE
Carmoola's rates start as low as 6.9% for loans of between £2k - 40k over one to five years. Representative APR: 14.8%. Buy your dream car in minutes with Carmoola's virtual card, with a £0 minimum deposit. Carmoola is an entirely digital, app-based lender. No sales calls or paperwork! Take control and manage your loan in-app.

BestLoanRates.co.uk provides factual information in relation to financial products. While BestLoanRates.co.uk attempts to make a wide range of products and providers available, it may not cover all the options available to you. Moreover, we cannot be responsible for changes made to this information by product providers and/or inaccurate information obtained from a product provider. All product information comes from the product provider or publicly available information and, to the best of our knowledge, is correct at the time of publishing. The information published on BestLoanRates.co.uk is general in nature only and does not consider your personal objectives, financial situation or particular needs and is not recommending any particular product to you. If you decide to apply for a product, you will be dealing directly with that provider and not with BestLoanRates.co.uk. BestLoanRates.co.uk recommends that you read the relevant product disclosure statement or product guide before taking up any financial product offer. For more information, please see BestLoanRates.co.uk's Terms of Use.

Minimum and maximum loan periods vary between 1 month and 10 years. APR varies between 2.80% and 71.30% p.a. Total interest repayments vary between £435 and £1,019 over the life of the loan. *APR is based on an unsecured loan of R£15,000 for a term of 3 years. WARNING: This APR is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different APR. These rates can change without further notice. All rates quoted are per annum.

HSBC car loan FAQs

When can I get my loan funds?

If you have an existing current account in HSBC, you can receive it right away. Otherwise, expect to receive your funds in less than 3 business days.

What’s the maximum APR?

The maximum APR for a loan worth £15,000 to £25,000 is 15.90%.

Is there an early repayment fee for an HSBC car loan?

Yes. Apart from the settlement figure, you will pay an interest worth 28 days after you sent an early repayment notice to HSBC, plus a repayment amount worth one month.

Can I use the car loan for consolidating my previous debts?

Since this is technically a personal loan, you can use the funds to consolidate your debts. But HSBC also offers a debt consolidation loan, which you might also want to check out.

.

Bestloanrates.co.uk provides factual information in relation to financial products. While Bestloanrates.co.uk attempts to make a wide range of products and providers available, it may not cover all the options available to you. Moreover, we cannot be responsible for changes made to this information by product providers and/or inaccurate information obtained from a product provider. All product information comes from the produc provider or publicly available information and to the best of our knowledge is correct at the time of publishing. The information published on Bestloanrates.co.uk is general in nature only and does not consider your personal objectives, financial situation or particular needs and is not recommending any particular product to you. If you decide to apply for a product you will be dealing directly with that provider and not with Bestloanrates.co.uk. Bestloanrates.co.uk recommends that you read the relevant product disclosure statement or product guide before taking up any financial product offer. For more information please see Bestloanrates.co.uk’s Terms of Use and Services Guide.

© 2024 Bestloanrates.co.uk