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
No early settlement or processing fees
Quick and easy to apply
Manage your spending with repayment plans ranging from 12 months to 4 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 3,000, as long as you don’t exceed your credit card limit. And you can choose to pay it off over 12, 24, 36 or 48 months. The terms we can offer you will depend on your circumstances.

Apply using your HSBC UAE app

Step 1: Select one of your credit cards

Step 2: Tap on Cash Instalment Plan

Step 3: Tap on Get Started

Step 4: Enter your plan details

Step 5: Instant application confirmation

Things you should know

We'll evaluate your application based on your financial history and current circumstances. This will be part of your monthly minimum credit card repayment.

Fixed Annual Percentage Rate - 7.08% to 29.88% on reducing balance. The interest rate offered will be dependent on your individual circumstances and the plan term.

Cash Instalment 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 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

Through the mobile app

Log on to the HSBC UAE app.
Select the credit card you want to transfer cash from
Tap Cash Instalment Plan' and select 'Get started'.
Choose the amount and repayment plan that works for you and select 'Confirm'.

Have us call you

Request a callback This link will open in a new window

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 600554722 (within UAE) or +9714 2288007 (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 Monday to Friday, 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.

Frequently Asked Questions

Before you proceed with the Cash Instalment Plan we’ll inform you of any interest or fees that may apply. Alternatively, please refer to the Terms and Conditions, Key Facts Statement and Schedule of Services and Tariffs for details of our latest fees and charges.

If you miss a payment, we will ask you to pay the missed EMI in the next cycle together with the upcoming EMI. If you fail to make a payment for two consecutive months, your outstanding CIP balance will then be converted to a Cash Advance which means it will be added into the total outstanding of your card and will be due in the subsequent monthly statement. Your outstanding amount will be subject to the cash advance interest/fee, which can be found on our Schedule of Services.

The cash instalment amount, any applicable fees and the total interest payable (whether or not this has been billed) as part of this plan will be deducted from your available credit limit.

This means that at any time during the term of the Cash Instalment Plan your available credit limit must be enough to cover each of these. As each monthly instalment is paid, the respective amount will be restored to your available credit limit.