HSBC has announced an attractive offer for existing HSBC customers who apply for an HSBC Lifestyle Car Loan, entitling them to a 50 percent waiver on the annual insurance premium cover from any insurance company of their choice, until July 31, 2015.

The first 50 customers to apply for an HSBC Lifestyle Car Loan will receive 50 percent of the premium vehicle insurance value credited to their HSBC account in the following month, once the loan is approved.   

Customers can obtain an HSBC Lifestyle Car Loan of up to 100 percent of the vehicle value for brand-new and unregistered vehicles and up to 90 percent for all other vehicles. Other key benefits include no down payments, flexible repayment tenors up to seven years and a choice of fixed and floating interest rates. 
“During the first half of 2015, we observed a record number of vehicle registrations fuelled by budgetary concessions. We understand that purchasing a new vehicle is an exciting experience and equal importance and consideration need to be given when obtaining an insurance cover. Therefore, we are pleased to be able to pass on the benefit of a 50 percent saving on the first year annual insurance premium when customers apply for a lifestyle car loan, to further support them in their lifestyle ambitions,” said Head of Retail Banking and Wealth Management Nilantha Bastian.