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Apply for Car Finance

Getting behind the wheel is one call away

The car you've always desired can finally be yours. Drive off into the sunset with an HSBC Car Loan. We're offering a competitive interest rate, to make your ride a happier one.

With an HSBC Car Loan you benefit from:

  • Competitive interest rates
  • Preferential rates for HSBC Premier and HSBC Advance customers
  • Loan amount up to EGP 1,000,0001
  • Flexible repayment period up to 84 months for fixed rate finance and 60 months for variable rate finance
  • NO requirement for car insurance or Credit Life Insurance
  • NO car license restriction and NO spare key kept at the bank as guarantee
  • Finance available for new and used cars
  • Easy and convenient monitoring of your outstanding balance through HSBC Personal Internet Banking or Mobile Banking app

Personal Finance terms and conditions apply. Click here

1For customers whose employers are listed on the bank's internal list and are transferring their salaries.

Finance Scheme with Salary/Instalment Transfer to HSBC

  • Minimum fixed gross monthly income of EGP 3,000
  • Customer should complete probation period with current employer
  • Minimum age should be 21, and maximum age is 65 years at the end of the finance repayment period
  • Customer's employer must be on the Bank's approved employer list
  • Customer should have Egyptian Nationality or Foreigner with valid passport and valid residency in Egypt

Finance Scheme without Salary/Instalment Transfer to HSBC

  • Minimum fixed gross monthly income of EGP 3,000
  • Minimum 1 year with your current employer
  • Minimum age should be 21, and maximum age is 65 years at the end of the finance repayment period
  • Customer should have Egyptian Nationality

Finance Scheme with Salary/Instalment Transfer to HSBC

  • Valid National Identification Card for Egyptians or valid passport and valid residency for foreigners
  • Recent income / instalment transfer letter on 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 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

Documents required from Non-Egyptians

  • Valid passport
  • Passport stamp for unlimited residency or official certificate indicating that subject is exempted from registration of residency
  • Valid work permit
  • An Irrevocable Joint & Several Continuing Guarantee

Finance Scheme without Salary/Instalment Transfer to HSBC

  • Valid National Identification Card
  • Recent income letter on the employer’s letter head including position held, length of employment with the current employer, income breakdown, gross and net amounts
  • 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 EGP 36 for Telephone bills
  • Last 3 months bank statements or last income slips
  • Car price offer from the dealer, showing the name of the dealer to whom the cashier order with the car value will be issued

What is car loan?
A straightforward Car Finance for used & new cars that you can get without a guarantor with NO requirement for car insurance or Credit Life Insurance, NO car license restriction and NO spare key kept at the bank as guarantee.

How's the interest for variable rate car finance calculated?
Interest is calculated on the daily balance outstanding during the finance tenor and based on the overnight lending rate announced by the Central Bank of Egypt plus the Bank’s margin percentage.

How frequently will the rate change?
Interest rates will be checked every three months (Jan, April, July & of Oct).

How is the interest for fixed rate car finance is calculated?
Interest rate is calculated based on Bank announced rate at the time of application, Interest rate will stay fixed during the finance tenor therefore the finance installments and the finance tenor will stay fixed.

Why choose HSBC Car Finance?
This loan type is flexible where you can apply now and drive your dream car with no need for car insurance requirement, no car license restriction and no spare keys kept at the bank as guarantee.

How will the customer be notified of the rate changes?
The bank will arrange to send the customer a SMS (and other means of communication) communicating the increase or decrease in rate and its effect on their loan tenor.

What is the impact on my existing car finance when interest rates increase or decrease?
When interest rate increases, the number of outstanding installments of your existing Variable Interest Rate Car Finance will increase and may decrease when the interest rate decreases.

How to apply for a Car Finance ?
To apply for a Car Finance you can call 25291010, visit your nearest branch or the HSBC website www.hsbc.com.eg.


Arabic

Apply for Car Finance

Getting behind the wheel is one call away

The car you've always desired can finally be yours. Drive off into the sunset with an HSBC Car Loan. We're offering a competitive interest rate, to make your ride a happier one.

Overview

With an HSBC Car Loan you benefit from:

  • Competitive interest rates
  • Preferential rates for HSBC Premier and HSBC Advance customers
  • Loan amount up to EGP 1,000,0001
  • Flexible repayment period up to 84 months for fixed rate finance and 60 months for variable rate finance
  • NO requirement for car insurance or Credit Life Insurance
  • NO car license restriction and NO spare key kept at the bank as guarantee
  • Finance available for new and used cars
  • Easy and convenient monitoring of your outstanding balance through HSBC Personal Internet Banking or Mobile Banking app

Personal Finance terms and conditions apply. Click here

1For customers whose employers are listed on the bank's internal list and are transferring their salaries.

Eligibility

Finance Scheme with Salary/Instalment Transfer to HSBC

  • Minimum fixed gross monthly income of EGP 3,000
  • Customer should complete probation period with current employer
  • Minimum age should be 21, and maximum age is 65 years at the end of the finance repayment period
  • Customer's employer must be on the Bank's approved employer list
  • Customer should have Egyptian Nationality or Foreigner with valid passport and valid residency in Egypt

Finance Scheme without Salary/Instalment Transfer to HSBC

  • Minimum fixed gross monthly income of EGP 3,000
  • Minimum 1 year with your current employer
  • Minimum age should be 21, and maximum age is 65 years at the end of the finance repayment period
  • Customer should have Egyptian Nationality

Required Documents

Finance Scheme with Salary/Instalment Transfer to HSBC

  • Valid National Identification Card for Egyptians or valid passport and valid residency for foreigners
  • Recent income / instalment transfer letter on 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 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

Documents required from Non-Egyptians

  • Valid passport
  • Passport stamp for unlimited residency or official certificate indicating that subject is exempted from registration of residency
  • Valid work permit
  • An Irrevocable Joint & Several Continuing Guarantee

Finance Scheme without Salary/Instalment Transfer to HSBC

  • Valid National Identification Card
  • Recent income letter on the employer’s letter head including position held, length of employment with the current employer, income breakdown, gross and net amounts
  • 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 EGP 36 for Telephone bills
  • Last 3 months bank statements or last income slips
  • Car price offer from the dealer, showing the name of the dealer to whom the cashier order with the car value will be issued

FAQs

What is car loan?
A straightforward Car Finance for used & new cars that you can get without a guarantor with NO requirement for car insurance or Credit Life Insurance, NO car license restriction and NO spare key kept at the bank as guarantee.

How's the interest for variable rate car finance calculated?
Interest is calculated on the daily balance outstanding during the finance tenor and based on the overnight lending rate announced by the Central Bank of Egypt plus the Bank’s margin percentage.

How frequently will the rate change?
Interest rates will be checked every three months (Jan, April, July & of Oct).

How is the interest for fixed rate car finance is calculated?
Interest rate is calculated based on Bank announced rate at the time of application, Interest rate will stay fixed during the finance tenor therefore the finance installments and the finance tenor will stay fixed.

Why choose HSBC Car Finance?
This loan type is flexible where you can apply now and drive your dream car with no need for car insurance requirement, no car license restriction and no spare keys kept at the bank as guarantee.

How will the customer be notified of the rate changes?
The bank will arrange to send the customer a SMS (and other means of communication) communicating the increase or decrease in rate and its effect on their loan tenor.

What is the impact on my existing car finance when interest rates increase or decrease?
When interest rate increases, the number of outstanding installments of your existing Variable Interest Rate Car Finance will increase and may decrease when the interest rate decreases.

How to apply for a Car Finance ?
To apply for a Car Finance you can call 25291010, visit your nearest branch or the HSBC website www.hsbc.com.eg.


For General Terms and Conditions click here

For Schedule of Charges click here

Ready to apply?

Apply online and get a 15% discount* on the administration fees. Our representative will call you back within 60 minutes** to proceed with your request.

*Offer terms and conditions

Enjoy priority processing for your application and faster finance credit when you apply online.
 

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Alternatively call us:

+202 2529 1010

 

or

 

Visit the nearest HSBC branch

 

 

*Our team is available from Sunday to Thursday, 9.30am to 3.30pm.

You are leaving hsbc.com.eg

This link may allow you to access a non - HSBC website. HSBC Bank Egypt S.A.E has no control over the linked website and is not liable for your use of it.

You are leaving hsbc.com.eg

This link may allow you to access a non - HSBC website. HSBC Bank Egypt S.A.E has no control over the linked website and is not liable for your use of it.