No processing fees when applying for HSBC Car Loans
- No down payment required
- No Credit life insurance required
- Loan amounts up to BHD 40,000
- Low APR from just 5.65%*
HSBC Auto Loan Campaign from 10 April 2016 to 10 October 2016 (both dates inclusive) – Terms and Conditions
|When do these terms and conditions apply?||• HSBC Bank Middle East Limited - Bahrain (“we” or “us” or “HSBC”) has launched an offer that is linked to all new and existing HSBC customers who apply for and for whom we approve an Auto loan.
• The campaign period is from 01 April 2016 to 31 October 2016 both days inclusive (“Campaign Period”).
• These terms and conditions (“Campaign Terms and Conditions”) apply in respect of the Campaign. These apply to you so far as the law and regulation permits so please read them carefully.
|Who is eligible to participate in the Campaign?||• The Campaign is open to all existing HSBC and new customers who are Bahrain residents and who apply for Auto loan during the Campaign Period. The Auto loan must also be approved during the Campaign Period in order for the Campaign to apply. This includes Auto Loan Finance for new or used vehicles.
• The Campaign only applies to new Auto loan. If you have an existing Auto loan, the pricing and terms of this Auto loan will not be affected.
|What is the offer?||• If you apply for an HSBC Auto loan during the Campaign Period and your application is approved within the Campaign Period (which includes providing us with all the required documentation for your loan application and successful drawdown of the loan amount), the processing fees, as set out on the HSBC Schedule of Services and Tariffs, applicable on this loan will be waived.|
|What will be my interest rate?||• Your interest rate is based on the qualifying criteria; please contact us for details of the rate that will apply to your loan.|
|How can I apply?||• If you fulfill these Campaign Terms and Conditions, you can apply for the Auto loan via HSBC branch or Mobile Sales Force, our telephone banking service or Personal Internet Banking.
• For Branches locations, please visit our website www.hsbc.bh (Branch Network)
|Does the loan have to be disbursed to me during the Campaign Period in order for me to be eligible for the Campaign?||• No, your application has to be completed and submitted to HSBC, and the loan has to be approved on or before the end of the Campaign Period in order to be eligible.|
|Is there a mandatory requirement to take credit life insurance with HSBC Auto Loan?||• There is no mandatory requirement for you to have credit life insurance in support of your HSBC Auto Loan. However you will be requested to obtain the Joint Insurance on the vehicle being financed by us.|
|What else do I need to know about the Campaign?||• These Campaign Terms and Conditions only apply in the Bahrain. We reserve the right at our discretion to alter or amend these
Campaign Terms and Conditions (including extending or ending the Campaign) at any time without prior notice to you. HSBC's decisions on all matters relating to the Campaign shall be final and conclusive. We reserve the right to refuse any application for a product or service.
• You consent to your data being stored, transferred and processed (either in the Bahrain or overseas) by HSBC, its group companies and its authorized third parties to contact you.
• Participating in this Campaign does not grant entrants the right to use HSBC's name, logo or images from or relating to the Campaign without HSBC's explicit written approval. Entrants may not make any public announcement regarding any aspect of this Campaign without HSBC's prior written consent and any breach of this provision shall confer a right on the HSBC at HSBC's discretion not to award fee waiver to an entrant.
• The Campaign Offers are not transferable.
• In addition to these Campaign Terms and Conditions, the HSBC Personal Banking General Terms and Conditions for the Bahrain, the HSBC Auto Loan Agreement Terms for the Bahrain and any separate terms and conditions as available on www.hsbc.bh shall continue to apply. For all other rates, fees and charges (including overseas transactions) as set out on the HSBC Schedule of Services and Tariffs, please visit our website at www.hsbc.bh
• These Campaign Terms and Conditions shall be governed in all respects by the federal laws of the Kingdom of Bahrain, and in particular by the laws of the Kingdom of Bahrain. All disputes relating to these Campaign Terms shall be subject to the exclusive jurisdiction of the courts of Kingdom of Bahrain.
• Each of the terms and conditions set out in these Campaign Terms and Conditions needs to be met.
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