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Balance Transfer

Balance Transfer: Move other credit card outstandings to HSBC at  lower interest

Balance Transfer-on-EMI (Equated Monthly Installment)

Balance Transfer-on-EMI is a facility that allows you to transfer the outstanding balance from your other bank credit cards to your HSBC Credit Card and repay it in easy monthly installments at a lower interest rate.

  • Choose between loan tenures of 3, 6, 9, 12, 18 and 24 months
  • Rate of interest is 11.88% for 3,6,9, 12 months and 15% for 18 & 24 months
  • Processing fee: 1% of the Balance Transfer value (subject to minimum of INR 149)
  • You can contact HSBC Phonebanking to check your eligibility for the Balance Transfer on EMI facility


Sample calculation of Monthly installment for INR 1,000
Tenure option Rate of Interest (per.month.) Monthly Installment Per Rs. 1000
3 months 0.99% Rs. 340
6 months 0.99% Rs. 172
9 months 0.99% Rs. 117
12 months 0.99% Rs. 89
18 months 1.25% Rs. 62
24 months 1.25% Rs. 48

Balance Transfer on EMI - Terms and conditions apply

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» Update your contact details and our Customer Service Representative will help you apply for a Balance Transfer

Perpetual Balance Transfer

Perpetual BT: Transfer your balance once. Benefit thereafter

With your HSBC Credit Card you enjoy the Balance Transfer feature allowing you to transfer other credit card outstanding dues above INR 3000 for repayment at lower interest rates.

  • Benefit from a lower interest rate on the transferred balance than the interest rate levied on your other Credit Card outstanding (Perpetual Balance Transfer) No-pre-defined repayment term is applicable for the Perpetual Balance Transfer (PBT)
  • Make a minimum repayment per month for your Perpetual Balance Transfer equal to 5% of the outstanding Perpetual Balance Transfer amount (subject to a minimum of INR 100)
  • The interest charged on the Perpetual Balance Transfer is between 1% to 1.2% per month on the outstanding amount of your Perpetual Balance Transfer
  • No Foreclosure charge is applicable in case of early repayment of Perpetual Balance Transfer amount.
  • Processing fee is 1% of the Perpetual Balance Transfer (subject to minimum of INR 149)
  • Choose to pay more each month and close your Perpetual Balance Transfer earlier, as per your liquidity and convenience.

Click here for Terms and conditions

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Issuance of credit card is at the sole discretion of The Hongkong and Shanghai Banking Corporation Limited, India ("HSBC"). All features and benefits are subject to Terms and Conditions.