HSBC Cash Instalment Plan

Be able to provide for your children with the means to pursue their dreams, embark on a long-awaited holiday, or even buy items to furnish your new home. HSBC's Cash Instalment Plan1 helps you kick-start new adventures and get easy access to cash from your HSBC credit card with your choice on repayment period and fixed monthly repayment amount for better financial planning.

1HSBC's cash instalment plan is a feature on your HSBC credit card that allows you to obtain a loan on your credit card at an attractive interest rate and up to a maximum of 90% of your available credit card limit.

Key features

  • Attractive interest rates
  • Fixed monthly repayments
  • Greater flexibility through choice of repayment period from 12 to 36 months
  • Hassle-free application

How it works

Choose from a range of tenors from 12 to 36 months. With repayments divided into equal monthly instalments and attractive interest rates as low as 0% p.a., your finances can now be better managed.

Plan details
Tenor (Months)
12
18
24 36
Applied Rate
0% p.a.
0% p.a.
6.28% p.a.
6.88% p.a.
Processing Fee 5.88%
7.88%
1%
1%
Effective Interest Rate2 11.23% p.a.
10.45% p.a.
12.64% p.a.
13.32% p.a.
Plan details
Tenor (Months)
Applied Rate
12
0% p.a.
18
0% p.a.
24 6.28% p.a.
36 6.88% p.a.
Tenor (Months)
Processing Fee
12
5.88%
18
7.88%
24 1%
36 1%
Tenor (Months)
Effective Interest Rate2
12
11.23% p.a.
18
10.45% p.a.
24 12.64% p.a.
36 13.32% p.a.

2The Effective Interest Rate (EIR) is calculated taking into consideration one-time processing fee being charged upfront and monthly instalment amount being paid off in full, until end of tenor. EIR is subject to compounding if the monthly instalment amount is not paid in full.

Illustration

With HSBC's Cash Instalment Plan, you get better control over your cash flow with fixed monthly repayments. Here's an illustration of how much your monthly instalments will be based on an approved amount of S$5,000 depending on the tenor selected.

Illustration details
Tenor (Months)
12
18
24
36
Monthly instalment      
S$417
S$278
S$235
S$168
Processing fee
S$294
S$394
S$50
S$50
Total interest payable
_ _ S$628
S$1,032
Illustration details
Tenor (Months)
Monthly instalment      
12
S$417
18
S$278
24
S$235
36
S$168
Tenor (Months)
Processing fee
12
S$294
18
S$394
24
S$50
36
S$50
Tenor (Months)
Total interest payable
12
_
18
_
24
S$628
36
S$1,032

Figures have been simplified for illustration purposes.

Eligibility and fees

Eligibility requirements

  • Only applicable for primary HSBC credit cardholders.
  • Not applicable for all US Dollar cards and corporate cards.

 

Fees and Charges

Termination charge of S$100 for early repayment, change of instalment period, termination of the Programme and/or account.

Apply now

Online

Its easy to apply online for HSBC's cash instalment plan. You will need the following details:

  • Your personal and contact details.
  • Account you would wish to transfer to.
  • Instalment tenor you are looking at.

SMS

Simply SMS CIP <space> NAME <space> 16-digit card number to 74722 An HSBC customer service officer will then contact you on your application within three working days.

In person

To find out more or to apply for a HSBC cash instalment plan, talk to a member of staff in your local branch.

Don't have an HSBC Credit Card?