Cash Instalment Plan

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Cash Instalment Plan

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

Apply for 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

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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.