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HSBC Car Loans

It takes four easy steps to receive funds when you apply for an HSBC car loan. BestFind gets you what you’re after even more quickly. Simply compare options and use the HSBC car loan calculator to estimate repayments, then kick-start the online application process with one click of a button.

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Renovate your home, get a new car or plan a dream holiday. Whatever you have in mind, you could make it happen with an HSBC Premier Personal Loan.

Overview

Application / establishment fees$150

Minimum loan amount$5,000

Maximum loan amount$50,000

Minimum term1 year

Maximum term5 years

Car loan interest rates (base)8.50%

Car loan comparison rate8.71%

Monthly repayments (approx)$615

Total repayments (approx)$36,930

Total interest repayments (approx)$6,930

Rate typeFixed

Secured or unsecuredUnsecured

GO TO HSBC

Other Fees & Information

Monthly fee$0.0

Other fees$0

Missed payment fee$0

Repayment scheduleMonthly

Early repayments allowedYes

Exit / early repayment fee$199

Encumberance/REVVS check fee$0

For used vehiclesYes

SponsoredNo

Telephone1300 131 605

Data accurate as of02.04.2017

GO TO HSBC

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Pay ZERO fees on all loans with NOW Finance. That's right - no establishment fee, no monthly fees, no early payout fee on all loans between $15,000-$100,000. What's more, get your guaranteed, tailored interest rate in two minutes without impacting your credit score.

Overview

Application / establishment fees$0

Minimum loan amount$15,000

Maximum loan amount$100,000

Minimum term1.5 years

Maximum term7 Years

Car loan interest rates (base)4.45%

Car loan comparison rate4.45%

Monthly repayments (approx)$558

Total repayments (approx)$33,516

Total interest repayments (approx)$3,516

Rate typeFixed

Secured or unsecuredYes

GO TO Now Finance

Other Fees & Information

Monthly fee$0.0

Other fees$0

Missed payment fee$0

Repayment scheduleWeekly, Fortnightly

Early repayments allowedYes

Exit / early repayment feeYes

Encumberance/REVVS check fee$0

For used vehiclesYes

SponsoredYes

Telephone1300 275 669

Data accurate as of21/02/2021

GO TO Now Finance

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There's nothing quite like the thrill of buying a car, but one of the biggest challenges is finance. Ideally you'll want a car loan that offers flexibility and a low competitive rate, and is easy to apply for.

Overview

Application / establishment fees$399

Minimum loan amount$10,000

Maximum loan amount$100,000

Minimum term1 year

Maximum term7 years

Car loan interest rates (base)4.99%

Car loan comparison rate5.69%

Monthly repayments (approx)$566

Total repayments (approx)$33,960

Total interest repayments (approx)$3,960

Rate typeFixed

Secured or unsecuredSecured

GO TO NRMA

Other Fees & Information

Monthly fee$0.0

Other fees$0

Missed payment fee$0

Repayment scheduleFortnightly, Monthly

Early repayments allowedYes

Exit / early repayment fee$205 or 2% of outstanding balance (whichever the greater) at the time the final payout is made. Applies in the first three quarters of the original loan term only.

Encumberance/REVVS check fee$0

For used vehiclesNo

SponsoredYes

Telephone1300 732 398

Data accurate as of12/08/2020

GO TO NRMA

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A quick and easy, 100% online application. No printing. No paper. No fuss. No monthly account keeping fees, no exit fees and no early repayment fees.

Overview

Application / establishment fees$250

Minimum loan amount$2,001

Maximum loan amount$75,000

Minimum term1 year

Maximum term7 years

Car loan interest rates (base)5.35%

Car loan comparison rate5.65%

Monthly repayments (approx)$570

Total repayments (approx)$34,257

Total interest repayments (approx)$4,257

Rate typeFixed

Secured or unsecuredSecured

GO TO OurMoneyMarket

Other Fees & Information

Monthly fee$0

Other fees$0

Missed payment fee$35

Repayment scheduleWeekly, Fortnightly, Monthly

Early repayments allowedYes

Exit / early repayment fee$0

Encumberance/REVVS check fee$27

For used vehiclesYes

SponsoredYes

Telephone1300 990 115

Data accurate as of30/04/2021

GO TO OurMoneyMarket

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NRMA used car loans can help you get one step closer to owning your dream pre-loved car.

Overview

Application / establishment fees$399

Minimum loan amount$10,000

Maximum loan amount$100,000

Minimum term1 year

Maximum term7 years

Car loan interest rates (base)6.24%

Car loan comparison rate6.94%

Monthly repayments (approx)$583

Total repayments (approx)$35,000

Total interest repayments (approx)$5,000

Rate typeFixed

Secured or unsecuredSecured

GO TO NRMA

Other Fees & Information

Monthly fee$0.0

Other fees$0

Missed payment fee$0

Repayment scheduleFortnightly, Monthly

Early repayments allowedYes

Exit / early repayment fee$205 or 2% of outstanding balance (whichever the greater) at the time the final payout is made. Applies in the first three quarters of the original loan term only.

Encumberance/REVVS check fee$0

For used vehiclesYes

SponsoredYes

Telephone1300 732 398

Data accurate as of12/08/2020

GO TO NRMA

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BestFind.com.au provides factual information in relation to financial products. While BestFind.com.au attempts to make a wide range of products and providers available, it may not cover all the options available to you. Moreover, we cannot be responsible for changes made to this information by product providers and/or inaccurate information obtained from a product provider. All product information comes from the product provider or publicly available information and to the best of our knowledge is correct at time of publishing. The information published on BestFind.com.au is general in nature only and does not consider your personal objectives, financial situation or particular needs and is not recommending any particular product to you. If you decide to apply for a product you will be dealing directly with that provider and not with BestFind.com.au. BestFind.com.au recommends that you read the relevant PDS or offer documentation before taking up any financial product offer. For more information please see BestFind.com.au's Terms of Use and Services Guide.

Minimum and maximum loan periods vary between 6 months and 10 years. Comparison interest rates vary between 6.55% and 19.07% p.a. Total interest repayments vary between $4,290 and $14,531 over the life of the loan. *Comparison rate is based on an unsecured loan of $30,000 for a term of 5 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. These rates can change without further notice. All rates quoted are per annum. For more information regarding fees click on "View fees & additional info +" for each product or contact the provider.

What type of car loan are you looking for?

HSBC car loans – Drive your dream car as soon as you want

If you’re planning to finance your next set of wheels, you probably have many options you qualify for. So, why would you go with an HSBC car loan? For starters, HSBC is one of the world’s largest financial services organisations. This makes it a top option for most borrowers.

Additionally, you can borrow up to $50,000 for a new or used car and get a personalised rate that matches your credit score. Here’s more information to bring you further up to speed with HSBC car loans.

HSBC car loans at a glance

  • Loan amounts. $5,000 – $50,000
  • Loan terms. 1 – 5 years
  • Interest rate range. From 8.50% to 16.99%
  • Interest rate type. Fixed
  • Security. Unsecured
  • Pros. You can get pre-approved finance to boost your negotiating power when buying your car. You can also get a rate estimate before applying.
  • Cons. Limited range of options.
  • Best for. Borrowers with a good or excellent credit score who are looking for a fairly priced car loan.

Which loans are offered by HSBC?

  • Car loans. In a nutshell, HSBC car loans offer between $5k and $50k, which is repaid over a maximum of 5 years. They are suitable for both new and used cars.
  • Personal loans. HSBC personal loans also offer up to $50K and have fairly flexible loan terms of 1-5 years. They are handy for anything from buying a car to a holiday, wedding, or home renovation.

Features of HSBC car loans

  • Personalised interest rates. When applying with HSBC, you can get your rate estimate without affecting your score. Knowing the rate you prequalify for gives you a better idea of whether to apply. But keep in mind that once you apply, HSBC will carry out a hard credit check which can affect your score.
  • Easy online application process. Once you have your rate estimate in hand, the application process can be completed in as little as 10 minutes. The good news is you only have to wait for 60 seconds before getting a response.
  • Fast funding. Once your car finance application gets the green light, HSBC will credit your nominated account within 2 or 3 business days. The quick turnaround time is all part of HSBC’s promise to have you driving the car you want sooner.
  • Flexible repayments. Besides tailored interest rates, you can also tailor your repayments to your pay cycle by choosing a weekly, fortnightly, or monthly repayment schedule.
  • Pre-approval. HSBC says it allows you to get your car loan sorted first before you start talking to car sellers. This speeds up the process since you are aware of your spending limit, not to mention the confidence boost when negotiating.

Rates, fees and charges

HSBC car loan rates range from 8.50% to 16.99%. You’re more likely to get a lower rate if your credit score is in excellent shape. Otherwise, the loan might not be as competitive as you like. Additionally, HSBC charges an establishment fee of $150, a monthly servicing fee of $5, and an early termination fee of $199. These fees will be included in your fixed monthly repayments.

The early termination fee only applies in the last six months of the term. Still, this can be a downer if you’re looking to clear your debt sooner than that, especially since other lenders don’t charge this fee.

Eligibility

You’re eligible to apply if you:

  • Are at least 18 years of age
  • Are a permanent Australian resident
  • Earn at least $40,000 per year
  • Have a good credit rating

During the application process, you’ll need to provide your ID, address, and offer details about your income and employment.

How to apply online for an HSBC car loan

Once you decide to apply for an HSBC car loan, simply click “Go to Site” in the table above. On HSBC’s website, use the following 4-step process to receive the funds you need to hit the open road:

  • Get a personalised rate. HSBC has partnered with Equifax and the tailored rate you get is based on the Equifax score band. Enter your details in the short form provided to get started. The good news is this involves a soft credit check which won’t lower your credit score.
  • Start the online application. Enter the amount you want and submit the information.
  • Verify your identity. Upload the required documents online.
  • Get your funds. Once you accept the loan offer, HSBC will transfer the money to your account within 2-3 business days.

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