Rating based on 60 reviews

HSBC Bank Car Loan

Updated July 19, 2024

Car loans up to £25,000
Low-interest starting from 3.3%
Repayment up to 60 months

HSBC homepage — Author HSBC. Screenshot of HSBC website.
[Accessed May 19, 2023]

About HSBC

Get a car loan you can count on.

When choosing to purchase a new or used vehicle, it is safe to say that making the right choice with vehicle finance is very important. At HSBC they realize this and have put in a lot of effort and innovation into giving you what you deserve. Access the best car loan possible.

Decades of experience in the finance industry

In 1986 they celebrated 150 years in the banking business. This milestone was celebrated by launching several schemes to help impoverished areas. On 17 March 1992, it was announced that Midland Bank would become part of the HSBC group, making it the biggest banking merger of the time.

By 1999, the bank was rebranded and the name Midlands Bank was replaced by what is now known as HSBC. Years of success followed and in 2018 they opened their new 10-story head office in Birmingham. They are proud to say that it is one of the greenest buildings in Birmingham.

Their difference from the rest of other car loans

Serving more than 40 million customers through their global businesses like wealth and personal banking, commercial banking, and markets, including credit cards and personal loans, HSBC is one of the world's largest financial institutions offering great vehicle finance deals too. They cover 64 countries across the globe.

Their very existence is to open a world of possibilities and opportunities and that has been their purpose from the start. They open up new possibilities for their customers with their great car loans, expertise, and abilities. They want to create a better world for everyone.

HSBC Services

We all know that life has many unexpected twists and turns.

When it comes to a car, there is little debate that it is a very necessary part of our everyday lives. Getting to and from work, taking the kids to soccer practice, or even just doing daily shopping, a car is an important part of it all.

Get a low-interest car loan in the UK

It does not matter whether you are buying a new or used vehicle, with a car loan from HSBC, owning that vehicle can be within your reach sooner than you think. They offer car loans with monthly rates so competitive that you will struggle to find a better deal elsewhere.

With the option of borrowing from £1,000 to £25,000 and choosing to repay your low interest car loan over as much as 8 years, you can easily plan your budget. In this way, you are sure that you can keep up with all your financial obligations each month.

Car loans with HSBC is a breeze

Car loans from HSBC are so quick and simple. If you are an existing HSBC current account holder you can receive your money instantly after your car loan application has been approved.

For non-HSBC current account customers, you will receive your loan amount as soon as the signed application is approved and that can be as little as 3 working days.

HSBC – Car loan

Loan Type Car loans
Interest Rate from 3.3%
Loan Amount up to £25,000
Repayment 12 months to 60 months

Benefits of HSBC

Fixed interest rates
Get a quick online loan decision
Apply for a repayment holiday

Car loan calculator

Why get a dealership car loan when you can get personal loan at a better rate at HSBC?

Before you apply for a car loan with HSBC you should make use of their nifty car loan calculator.

This will help you to get a clearer idea of what your borrowing power will be, what will be repaid, and also how much interest will be charged on your loan. With a clearer picture, from this online lender, comes more confidence.

As soon as you know how much you need and you are comfortable with the repayment amount and terms, you can proceed to apply. Make sure of the following things:

You must be over 18 years old.
You must be a resident of the UK.
Your annual income or pension before tax should be £10,000 or more.
You must have a bank or building society account that facilitates Direct Debit.

Vehicle finance that creates a better world

They understand that diversity has great benefits for all sectors of business and believe in having strong connections to markets around the world. No wonder their car loans are no different. Everything they do is aimed at creating a better world. Being able to enable people to utilize their full potential is what makes HSBC different from the rest.

Completing your car loan application

You will now be directed to the application page where you will fill in some details for them to give you a quote on your car loan. The questions asked are clear and simple:

The car loan amount you want to borrow.
The repayment period that suits you best.
Your reason for the loan.

Your car loan application is almost complete

After clicking on continue, you will be directed to the page with all your details. Please complete this section with all areas filled in and remember to answer as honestly as possible. Some of the questions to expect are:

Your full names.
Your date of birth.
Your marital status.
The number of dependents you have.
Your address and contact details.

After completing this part of the application, you will be directed to the confirmation page. Make sure that the information supplied is correct and submit. It is as easy as that.

Having the team at HSBC on your side when you are looking for a car loan is a good decision. They have good business practices and strive to give everyone a fair chance. Choose the winning team today, choose HSBC.

Covering you when the unexpected happens

With the critical illness covered by HSBC, the unplanned things that may happen in life will be taken care of. They pay you a lump sum on the diagnosis of certain specified illnesses of £1,000,000. This can also help you to pay off your car loan when you are no longer able to.

Why getting a car loan from HSBC is the best choice

Unparalleled customer service.
Diversity in products and services.
Low-interest car loans.
Leaders in banking technologies in the industry.
Quick and easy online application process.

Customer Reviews & Testimonials

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May 2021

A global leader in finance and one of the UK’s top financial institutions – I trust HSBC with my savings plans, home finance and now my vehicle finance. Things keep getting better and better – jo...

Gregory M
— Aberdeen —

August 2021

At HSBC you are treated as an individual, not a number. They assess your past and current finances in order to best determine the course of action that is most suited to you and your financial fu...

Frank H
— Bradford —