| 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
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Quick and easy to apply
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Manage your spending with repayment plans ranging from 6 months to 3 years
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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 Instalment Terms and Conditions and the Schedule of Services and Tariffs apply.
Representative example
| 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 |
| 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
| Don’t have a HSBC credit card? |
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