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Cash Instalment Plan

A cash boost to help with your big buys

What is a Cash Instalment Plan?

If you need a quick cash injection for a big payment or purchase a Cash Instalment Plan could help. Get cash from your credit card limit transferred to your bank account, then repay it in instalments over a fixed term of your choice.
  • Competitive interest rates from as low as 0.69% a month
  • Quick and easy to apply
  • Manage your spending with repayment plans ranging from 6 months to 3 years

  • Have the money paid into your HSBC account or any UAE current or savings account in your name – whatever’s most convenient

Get a Cash Instalment Plan

How does a Cash Instalment Plan work?

You can apply to borrow any amount starting from AED 1,000, as long as you don’t exceed your credit card limit. And you can choose to pay it off over 6, 12, 24 or 36 months. The terms we can offer you will depend on your circumstances.

Once your application is approved we aim to have the money in your account within 2-5 working days.

Things you should know

If your application's successful, we'll let you know the interest rate on your plan and how much your monthly repayments will be. We'll also confirm any processing or early settlement fees that apply. You'll be able to agree to the terms straight away.

Cash Installment Terms and Conditions and the Schedule of Services and Tariffs apply.

Representative example

The table shows a typical example of monthly instalments for a cash withdrawal and a Cash Instalment Plan.
Option
Amount
Repayment term
Monthly instalment or repayment
Cash withdrawal
AED 10,000
6 month
AED 1,8561
Cash Instalment Plan
AED 10,000
6 month
AED 1,7252
The table shows a typical example of monthly instalments for a cash withdrawal and a Cash Instalment Plan.
Option
Cash withdrawal
Amount
AED 10,000
Repayment term
6 month
Monthly instalment or repayment
AED 1,8561
Option
Cash Instalment Plan
Amount
AED 10,000
Repayment term
6 month
Monthly instalment or repayment
AED 1,7252

1For cash withdrawals the monthly repayment amount is divided equally across the repayment term.

2The Cash Instalment Plan uses a reducing balance interest rate. This means every month we calculate the interest on how much remains of the principal amount. The proportion of your repayment that's made up of interest will reduce throughout the term.

Who can apply?

To apply for a Cash Instalment Plan you'll need to have:

  • a HSBC UAE credit card
  • a current or savings account with any bank in the UAE

Sometimes we'll ask you for proof of income, but we don't usually need to do this.

Apply

Have us call you

You may apply by calling us, through our online banking secure message facility or by following instructions provided in any communications sent in this regard and we will call you within 24 hours.

By phone

Premier customers

Call us on 800 4320 (within UAE) or +971 4 224 1000 (outside UAE).3

Advance customers

Call us on 800 4420 (within UAE) or +971 4 325 4573 (outside UAE).3

Personal banking customers

Call us on 600 55 4722 (within UAE) or +971 4 228 8007 (outside UAE).3

Lines are open Sunday to Thursday, 09:00 to 16:30. We may record calls to help improve our service to you.

3Calls may be monitored and/or recorded for security and service improvement purposes.

Don’t have a HSBC credit card?

 

From travel to culinary experiences, culture and shopping there's no limit to where the benefits can take you.

 

Earn up to 10% cashback on your everyday spending.

 

Enjoy no interest on purchases for the first 3 months.

 

Enjoy great travel benefits, Air Miles on everything you spend and a competitive monthly interest rate.

Listening to what you have to say about services matters to us. It's easy to share your ideas, stay informed and join the conversation.