Basic Vehicle Loan
Get a new ride with the right loan
| Borrow up to | Interest rate | Repayment period | Repayment options | New and used cars |
|---|---|---|---|---|
| OMR20,000 | 7% per annum | 12 to 84 months | Monthly | Yes |
Get into the driver's seat with HSBC car loans, the convenient and easy way to drive away in the car of your dreams
- No loan arrangement fees
- No guarantor required
- Financing options for the first year of insurance
- No cheques required
- Mortgage is released when you've settled the loan
- Apply if you're over 21 years old
AXA Motor Insurance cover for saloons and 4WDs
- Comprehensive AXA Insurance coverage for saloons and 4WD vehicles
- Single and multi-year policies
- Family members are covered as third parties
- Extended cover - includes visits to UAE
- Easy application procedure
You can apply for a vehicle loan if:
- You're an Omani national or expatriate resident aged between 21 and 60 years
- You earn a minimum monthly salary of OMR400 (for Omanis) or OMR700 (for expatriates)
| VEHICLE LOAN | |
|---|---|
| Arrangement fee (new, top up and re-scheduling) | Nil |
| Loan insurance protection | 0.0375% of the loan amount |
| Early payment of loan | 1% of pre-paid amount |
| Issuance of Certificates | OMR 2 |
Asset Release Documentation (LPO) will be provided within four working days provided the original copies of the following documents are received:
- Identity card (for nationals only)
- Valid passport with valid visa (for expatriates) + valid resident card
- Last three months' bank statement (new account holders)
- Salary transfer letter (format to be provided by the Bank)
- Salary certificate (for buyout loan)
- No liability letter/loans outstanding letter (buyout loan)
- Copy of driving licence
- Valuation report (for used card) from one of our authorised valuers
- Sale Agreement Letter (for used cars)
- Quotation
Payment will be made to the dealer within 72 hours provided the following documents are received:
- Car insurance (comprehensive with Bank’s name as applicable or third party)
- Mulkiya in joint names (HSBC should be first beneficiary)
A dream offer for your dream car only with HSBC car loans
Ready to apply?
Have us call you
