An HSBC UK unsecured loan for buying a new or used car, with fixed monthly payments. You own the car outright as soon as you buy it.
With a fixed rate and fixed monthly repayments, you know exactly what you will pay each month and when the loan will be cleared.
Compare the representative APR, the total amount repayable and any fees before you decide.
Benefits of the HSBC Car Loan
- Own the car outright: There is no balloon payment and no mileage limits as with some dealer finance.
- Fixed monthly repayments: Your interest rate and repayments stay the same for the whole term.
- No arrangement fee: There is no fee to set up the loan.
- Free overpayments: Make overpayments free of charge to reduce interest.
- Check before you apply: An eligibility check uses a soft search, so it does not affect your credit score.
| Feature | Detail |
|---|---|
| Loan amount | £1,000 to £30,000 (up to £50,000 for HSBC Premier) |
| Term | 1–5 years up to £15,000; 1–8 years over £15,000 |
| Representative APR | 6.8% representative on £7,500–£20,000 (maximum 22.9%) |
| Eligibility | HSBC current account holders get an instant decision; non-customers can also apply |
| How to apply | Online via the official website |
Key features
Own the car outright: There is no balloon payment and no mileage limits as with some dealer finance.
Fixed monthly repayments: Your interest rate and repayments stay the same for the whole term.
No arrangement fee: There is no fee to set up the loan.
About HSBC UK Bank plc
HSBC UK Bank plc is an established UK provider of personal finance products, authorised and regulated in the UK. Applying is straightforward and mostly online.
We compare independently and then send you to the provider’s official website to apply. We are not a lender or credit broker.
All rates depend on your circumstances and are subject to status. Representative examples and final terms are set by HSBC UK Bank plc.