Car loans from HSBC are known for their low interest rates, reasonable down payments, convenient and flexible repayment terms and quick approvals. The period of the loan can be extended up to 5 years for new cars and 3 years for used cars.
One of the major benefits of the car loans from HSBC is our free life insurance for the applicant and an HSBC pre-approved discounted Credit Card for the first year. Car loans are available from minimum of USD 9,000 for new vehicles and USD 6,000 for used vehicles to a maximum of USD 70,000.
Eligibility and Requirements
Minimum age of 18 but not more than 65 years old at maturity of the loan
Been working with the same employer for at least 2 years, or have been in the same business for at least 2 years
Minimum Down Payment: 15% of car value for new cars and 25% for used cars
Regular monthly income of USD 600 or more
Letter from the employer (one month old) stating salary, years of employment certified by the employer’s bank. Bank statement for the last 6 months for professionals (in addition to syndicate card) and proprietors (in addition to trade license)
'Mukhtar' certificate of residence
50% of spouse income can be taken into consideration
The hypertext links provided on this page may allow you to access other websites. Please read the terms and conditions of the linked website, which may differ from the terms and conditions of HSBC Bank Middle East Limited website. HSBC Bank Middle East Limited has no control over non-HSBC websites and is not liable for your use of them.
Lebanon
Car loans from HSBC are known for their low interest rates, reasonable down payments, convenient and flexible repayment terms and quick approvals. The period of the loan can be extended up to 5 years for new cars and 3 years for used cars.
