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Electric Vehicle Loan

Get on the road with fixed monthly payments and no money down.

What is an Electric Vehicle Loan?

An Electric Vehicle Loan is an unsecured loan used for financing the purchase of an Electric Vehicle or Plug-in Hybrid vehicle.

Save up to $200 when you apply online

Negotiation fee of up to $200 waived when you apply for an Electric Vehicle Loan online.

Why get an Electric Vehicle Loan?

  • Competitive interest rate and long repayment terms
    Borrow for up to 7 years - our longest available term on an unsecured loan.
  • 100% financing
    Enjoy no money down on the full amount of your loan.
  • Save up to $200 when you apply online
    Apply for an HSBC Electric Vehicle Loan using online banking and get up to $200 in negotiation fees waived.
  • Make extra payments at any time, free of charge
    You have the flexibility to overpay, which could reduce the amount of interest you pay.

Loan information

Loan type, maximum term and interest rate

Loan type Maximum term Repayment Rate
Unsecured 7 years Principal and interest 6.50%
Loan type Unsecured
Maximum term 7 years
Repayment Principal and interest
Rate 6.50%

Things you should know

Who can apply?

To apply for an Electric Vehicle Loan, you need to be:

  • over 18
  • an existing HSBC customer
  • a resident of Bermuda

How to apply

Apply online and save up to $200

If you're registered for online banking, you can log on and complete an online application form, as follows:

  • log on to online banking
  • go to 'Our Products', then choose 'Online Applications' and then select 'Loans'

Apply by phone

Make an appointment by calling us today on:

Frequently asked questions

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Flexible finance for energy efficient products such as solar panels and solar water heaters.
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An HSBC Personal Loan is an easy option to help make your dreams become a reality.

Additional information

Issued by HSBC Bank Bermuda Limited, of 37 Front Street, Hamilton Bermuda, which is licensed to conduct Banking and Investment Business by the Bermuda Monetary Authority.
    Listening to what you have to say about our services matters to us.