General: Credit cardholders may apply to convert a single or up to 10 purchase transactions into a single instalment plan with repayments over a fixed tenure of between 3 and 36 months. Applications can be made, using the mobile banking app or by calling the number on the back of your card, after the purchase transaction(s) has (have) been completed.
We will endeavor to process the Flexi Instalment Plan within 5 Business Days of your FIP being approved by us.
Eligibility: Your eligibility will be determined according to your financial history and current circumstances including data available on the Al Etihad Credit Bureau where applicable. The minimum transaction amount eligible for conversion into a FIP varies from merchant to merchant. To find out the minimum eligible amount for a specific merchant, you may refer to www.hsbc.ae/FIP. On the mobile banking app, you may convert a minimum of AED 1,000 into a FIP (either with one transaction or a combination of transactions).
The flexi instalment amount, any applicable fees and the total interest payable on your plan, will be deducted from your available credit card limit, therefore your available card limit must be sufficient to cover these amounts.
Rates and Terms: We will confirm to you the applicable interest rate and the amount and number of your Equal Monthly Instalments (EMI), which will depend upon the FIP tenure you have selected, before you proceed with the Flexi Instalment Plan. Your EMI will become part of your monthly minimum credit card repayment.
Your FIP balance will be included as part of your credit card statement.
For full details refer to the Flexi Instalment Plan terms and conditions at www.hsbc.ae/terms. In addition, FIP offers can be found on our web site at www.hsbc.ae/FIP. Rates and terms, including the minimum purchase amount, vary from merchant to merchant.