Vehicle Loan
Get the car you want, now, with low interest, premium vehicle finance. Compare rates, finance, and exclusive extras here.
| Borrow up to | Interest rate | Repayment period | Repayment options |
|---|---|---|---|
| OMR20,000 | 7.0%* p.a. | 12 to 84 months | Monthly |
Here's what you get:
- Loans of up to OMR20,000
- Competitive interest rates - starting from 7.0% p.a
More great benefits:
- No Loan arrangement fees
- No guarantor required
- Option to avail finance for first year’s 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 cover 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
| 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 | OMR2 |
Asset Release Documentation (LPO) will be provided within 4 working days provided following documents are received in original:
- Identity Card (for Nationals only)
- Valid Passport with valid Visa (Expatriates) + valid Resident Card
- Latest 2 months’ bank statement (new account holders)
- Salary transfer letter (format to be provided by the Bank)
- Salary Certificate (for buy-out loan)
- No liability letter/ loans outstanding letter (buy-out 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 following documents are received:
- Car Insurance (comprehensive or third party with Bank’s name as applicable)
- Mulkiya in joint names (HSBC should be first beneficiary)
Choose our most competitive loan
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