HSBC Card Balance Conversion Plan

A tailor-made repayment scheme that offers you the freedom to settle any purchase made using your HSBC Credit Card in full, whilst you pay back the amount in equal monthly instalments for a nominal handling fee.

Benefits

  • Exclusively for all locally issued HSBC credit cardholders (excluding Corporate credit cards)
  • Transactions will be payable during a 3, 6, 12 or 24 month instalment periods
  • HSBC Rewards will be awarded for the total transaction value

How HSBC's Card Balance Conversion Plan works

Example amount - LKR100,000
Tenure Total handling fee Monthly capital instalment Annual Effective Rate (AER)
3 months

3%

LKR3,000

LKR33,333
19.46%
6 months

5.50%

LKR5,500

LKR16,667
20.29%
12 months

9.90%

LKR9,900

LKR8,334
19.32%
24 months

16.50%

LKR16,500

LKR4,167
16.21%

How HSBC's Card Balance Conversion Plan works

Example amount - LKR100,000
Tenure 3 months
Total handling fee

3%

LKR3,000

Monthly capital instalment LKR33,333
Annual Effective Rate (AER) 19.46%
Tenure 6 months
Total handling fee

5.50%

LKR5,500

Monthly capital instalment LKR16,667
Annual Effective Rate (AER) 20.29%
Tenure 12 months
Total handling fee

9.90%

LKR9,900

Monthly capital instalment LKR8,334
Annual Effective Rate (AER) 19.32%
Tenure 24 months
Total handling fee

16.50%

LKR16,500

Monthly capital instalment LKR4,167
Annual Effective Rate (AER) 16.21%

Things you should know

  • This scheme is exclusively for all HSBC credit cardholders, for their locally issued credit cards (excluding Corporate credit cards).
  • A transaction can be converted to Card Balance Conversion Plan only within 90 days from the transaction purchase date.
  • The minimum transaction value shall be Rs.25,000 and the maximum transaction value shall be Rs.400,000.
  • The minimum payment due on the credit card shall consist of a combination of the monthly loan installment and 4% of the outstanding balance due on the card. Non payment of the minimum amount shall result in the standard charges being levied to the respective credit card account.
  • The corresponding amount equivalent of the Card Balance Conversion Plan amount and the total handling fee shall be blocked from the credit card limit.
  • The transaction will be payable during a 3, 6, 12 or 24 month instalment period along with a nominal handling fee decided by the Bank.
  • HSBC Rewards will be awarded for the total transaction value.
  • In case the cardholder wishes to settle the Balance Conversion Plan before the due period the cardholder should inform HSBC in writing of his/her intention to close the Balance Conversion Plan on the card account. In such event of an early settlement, a 4% early settlement fee shall be applicable from the remaining Balance Conversion Plan capital outstanding amount.
  • Standard credit card terms and conditions shall apply.
  • These terms and conditions shall be governed by the laws of Sri Lanka.

Apply by phone

Call us on:

+94 11 4 4722 11

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