Cash Instalment Plan

Get a loan on your credit card

As your life unfolds your goals evolve. It could be that your kitchen needs remodeling. Or perhaps the apple of your eye has made it to the University of her choice and it’s expensive! Rather than postpone your lifestyle needs, simply opt for a Cash Instalment Plan and choose a disciplined approach to better manage your finances!

Advantages of CIP

• A hassle free loan on your HSBC Credit card with no other account required.
• Wider repayment choice.
• Flexible usage that lets you continue using the remaining credit on your Credit card account.

How CIP works

*Rates are subject to change.
**Applicable only when the monthly credit card statement balance is settled in full.

How do I apply for a Cash Instalment Plan?

Please call us on +94 11 4 4722 11 or click below to apply online.

Terms and conditions - English

What is a Cash instalment Plan?

It’s a feature on your HSBC credit card that allows you to obtain a loan on your credit card at a very reasonable fee, up to a maximum of 60% of your credit card limit. No other account is required.

What is the eligibility criteria and the minimum and maximum I can borrow?

You could borrow up to a minimum of LKR25, 000/- and a maximum upto 60% of the Credit limit subject to available limit on the card.

Can I clearly see the instalments in my statement?

Yes, it will be reflected in your statement as a regular purchase transaction each month (e.g Cash Inslatment Plan 1st of 12 instalments)

Would my card be blocked for the loan value?

Your card will be blocked for the equivalent of the loan amount you borrow and the set up fee. Settlements of the full monthly due on the card (purchases plus loan instalment) will ensure that the outstanding balance of the loan is brought down from the instalment paid and this amount will be made available on the card.

What is meant by “Interest free loan and processing fees” ?

"Interest free loan" will apply only if the full statement balance is paid on the due date, If the full settlement balance is not paid on the due date, interest will be charged as per the General Terms and Conditions of your Credit card. Processing fee is the set up fee that is charged based on the tenure you chose.