hsbc-bank

HSBC – Car Loan Top-tier Companies and Premier Accounts

Features & Benefits

  • No down payment required
  • Flexible repayment period up to 84 months
  • Finance available for new and used cars
  • Competitive interest rates, with preferential rates for HSBC Premier and Advance customers

Eligibility & Documents Required

  • You must have completed your probation period with your current employer
  • Minimum age of 21 and maximum age of 65 at the end of the finance repayment period
  • Your employer must be on the bank’s approved employer list
  • Valid National Identification Card for Egyptians or valid passport and valid residency for foreigners
  • Recent income or instalment transfer letter in the bank’s standard format
  • Recent telephone, electricity or gas utility bill (maximum 3 months old) with a minimum consumption amount of EGP 9 for electricity, EGP 3 for gas and EGP 36 for telephone bills
  • Car price offer from the dealer, showing the name of the dealer to whom the cashier order with the car value will be issued

 

This is a representative example of what it may cost: 15.25% APR Representative based on a loan of EGP 100,000 repayable over 48 months at an interest rate of 15.25% pa (fixed). Monthly repayment of EGP 2,795.76. Total amount payable EGP 134,196.67.

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