What is a Flexi Instalment Plan?
New sofa? Laptop upgrade? A Flexi Instalment Plan is a great way to spread the cost of eligible purchases and get what you need now while paying more easily in monthly instalments.
Low interest rates
No processing fees
No early repayment fees
Repayment over 3 to 36 months
Exclusive offers available at 0% interest
|Get a Flexi Instalment Plan|
|How does a Flexi Instalment Plan work?|
Make your purchases with your HSBC credit card and repay them conveniently through a Flexi Instalment Plan that suits your needs. You may choose to convert a single or up to 10 transactions into a single instalment plan and repay it over up to 36 months. What’s more, there are exclusive offers available for 0% interest instalment plans.
The easiest way to convert your purchases into a Flexi Instalment Plan is through our mobile app. Just logon and follow the instructions, alternatively you can call us on one of the numbers provided, detailing the eligible purchase you made and we’ll convert the transaction for you.
|Things you should know|
We'll evaluate your application based on your financial history and current circumstances.
If you're eligible, we'll let you know how much your monthly payment will be. This will be part of your monthly minimum credit card repayment.
Each offer has a minimum purchase amount and different terms. For some offers, you'll have to call a designated number to book your purchase into a Flexi Instalment Plan.
Fixed Annual Percentage Rate - 0.00% to 29.88% on reducing balance. The interest rate offered will be dependent on your individual circumstances and the plan term.
Flexi Instalment Plan fee:
- A Fee of 2.00% (2.10% inclusive of VAT) of the purchase amount will apply for instalment conversions of education related purchases. No fee to apply on other instalment conversions
- Early settlement fee - AED 0
Flexi Instalment Plan Terms and Conditions and the Schedule of Services and Tariffs apply.
If you do not meet the repayments/payments on your loan/financing, your account will go into arrears. This may affect your credit rating, which may limit your ability to access financing in the future.
Who can apply?
To be eligible for a Flexi Instalment plan:
- you must have a HSBC credit card and have made a transaction that you want to convert into a Flexi Instalment Plan
- for 0% instalment plans the transaction must be from one of our eligible merchants
You may be eligible for Flexi Instalment Plan based on the information we hold on our records and our internal policies.
Eligibility is also subject to meeting any minimum amount threshold that might be applicable on a single or multiple transaction(s).
Frequently Asked Questions
Will I be charged any fees or interest?
What if I miss a payment?
How much of my credit limit will be used as part of the Flexi Instalment Plan?
Can I cancel or early settle the Flexi Instalment Plan? Will I be charged any cancellation or early repayment fees?
I’ve recently applied for a Flexi Instalment Plan and can’t see it on the HSBC UAE app?
|Don’t have a HSBC credit card?|
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