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 termsBorrow for up to 7 years - our longest available term on an unsecured loan.
- 100% financingEnjoy no money down on the full amount of your loan.
- Save up to $200 when you apply onlineApply 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 chargeYou 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'
Frequently asked questions
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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.