Car Loan

With all your priorities, owning your dream car might take a back seat. But a car is a necessity nowadays and we're here to help you get the one you need.

Fast access to funds

Purchasing a car is a big decision. At HSBC Finance, we understand the importance of providing our customers with quick access to funds once they have found the ideal car to purchase. Therefore, you can be rest assured that your application will be processed promptly and efficiently.

To simplify the car purchasing process, all you have to do is decide on the vehicle you wish to purchase and, subject to meeting minimum eligibility criteria; we will ensure that you have the financing you require quickly.

Easy payment

Standing Instruction - you can set up a standing instruction to automatically settle your monthly payment from your bank account. If your bank account is with HSBC, the standing instruction is free of charge.

Personal Internet Banking - you can also pay via your bank account or credit card through internet banking from HSBC.

Express Banking Centre - alternatively, you can conveniently pay with either cash or credit card at our Express Banking Centres available at any HSBC Branch, 24 hours a day; via our ATMs, Cash Deposit Machines and Cheque Deposit Machines.

Flexible loan tenure

With HSBC Finance, you have up to seven years to settle your car loan, giving you the flexibility to determine what your ideal monthly repayment is.

Used vehicles for sale

If you are looking for a second-hand or commercial vehicle, you may consider purchasing repossessed cars from our Car Yard. The vehicles are sold through public tender and are often affordable. Watch out for our advertisement in the local newspaper and the HSBC website.

Eligibility

To be eligible you must:

• Hold a valid driver's license


• Earn a minimum gross monthly salary of BND850


• Be between 18 and 55 years old*


If you are an expatriate, you must:


• Possess a valid employment contract and loan tenor must be terminated 3 months before expiry of Employment Contract or Employment Pass.*

* Other terms and conditions apply

Basic documentation requirements

• Signed photocopy of ID or passport


• Copy of valid driving license


• Latest salary slip


• Latest 2 months* Bank statements (for non-HSBC customers only excluding Locals and Permanent Residents who are Permanent Brunei Government employees)


• Employment contract or employment pass for expatriates


• Letter of Employment (for private companies and, Brunei Government daily paid employees who do not possess salary slips)

*Latest 6 months Bank Statements required for commission-based employees, Sole Proprietors and Partnerships.