HSBC Credit Card Loan

Type of HSBC Credit Card Loan

Named as Cash Instalment Plan, the HSBC credit card loan helps you make a big purchase without hampering your daily expenses. You can easily use the cash, which is transferred to your bank account from your existing card’s limit. Later, you can use the money for instalment payments. 

With no processing or early settlement fees, you can conveniently pay for your purchases over a flexible tenure ranging from 12 to 48 months. Apply without hassle and get competitive interest rates; The fixed Annual Percentage Rate is between 7.08% and 20.88% (on reducing balance) 

Note that with this instalment payment plan, you need to borrow a minimum amount of AED 3,000. Furthermore, the bank analyses your financial history, which will determine your minimum monthly card payment. 

You may confirm with your bank for any ongoing HSBC credit card loan offers before initiating your application.      

How to Apply For an HSBC Credit Card Loan?

Easily apply for the HSBC credit card loan through the bank’s mobile application —

1. Log in and choose the card from which you want to transfer cash 
2. Select ‘Cash Instalment Plan’ and click ‘Get Started’
3. Choose the repayment plan and amount
4. Hit ‘Confirm’

How to Repay a Loan on an HSBC Credit Card?

You can pay off your card loan through online banking channels. To know the process in more detail, you can simply call the bank.

FAQ's On HSBC Credit Card Loans