Car Loan

Get in to the driver’s seat – with a car loan from HSBC!

Taking a car loan from HSBC is a hassle-free way to drive away with your dream car.

At HSBC, we offer great rates for a car loan - regardless of whether you're buying a new or used car.

Know more

• Benefits & Features
• Eligibility criteria
• Documents required

Borrow up to 75% of the car value

We offer loans for up to 75% of a car's value

Comprehensive motor insurance cover

We can also arrange a motor insurance cover that offers total protection for you, your passengers and your vehicle

Wide range of loan amounts

Our loan amounts go up to Rs2,000,000.

Flexible repayment period

Our repayment period ranges from 1 to 7 years for new cars and one to fours years for used cars

• An advance for a fixed sum over a fixed period, clean or secured
• Interest charged is linked to the Base Lending Rate (BLR).

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Eligibility criteria to apply for a car loan

• Resident of Mauritius
• Individuals aged between 18 to 60 years (loan to terminate at 60 years)
• Minimum monthly income requirement - Rs12,000

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To avail of a car loan, please submit the following documents

• Completed Loan Application form
  Proof of Identity - Identity Card or Passport
• Evidence of income - an employment letter stating your salary, years of service and designation
• Last 3 salary slips
• Last 3 utility bills - CEB, CWA, MT
• Bank statements for the last six months from your previous banker, if you have banked with HSBC for less than 12 months.
• Salary should be pledged to HSBC.

Note: We draw your attention to the existence of the Mauritius Credit Information Bureau (MCIB). Please, Click Here, to access the information booklet.

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