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Loan on Phone
Loan on Phone
Take the holiday of your dreams; buy jewellery; a new TV; or a computer. HSBC makes all this so easy through the exciting new 'Loan on Phone' feature on your HSBC credit card! Shop till you drop and make low interest repayments.
- Make a purchase of a minimum of Rs. 2000 on a HSBC credit card
- Call HSBC within 15 days of making the purchase to convert it to a loan
- EMIs are calculated at an interest rate of 1.5% per month for Platinum credit cardholders and 1.75% per month for Gold credit cardholders and 1.99% per month for Classic credit cardholders on monthly reducing balance
- Choose between loan tenure options of 6, 12, 18 and 24 months
- The EMIs will be charged to the credit card account, to make repayment convenient for you
Interest rates and repayments
| Tenure Option | Monthly Installments Per Rs. 1000 | ||
| Platinum Credit Card | Gold Credit Card | Classic Credit Card | |
| 6 Month | Rs. 176 | Rs. 177 | Rs. 178 |
| 12 Month | Rs. 92 | Rs. 93.1 | Rs. 95 |
| 18 Month | Rs. 64 | Rs. 65.2 | Rs. 67 |
| 24 Month | Rs. 50 | Rs. 51.4 | Rs. 53 |
In addition, a one time processing fee of 2% or Rs. 100, whichever is higher will be applicable. This will reflect along with the first Equated Monthly Installment (EMI).
Disclaimer
Please note that only select HSBC Credit Cardholders can avail of this feature.
Issuance of credit card is at the sole discretion of The Hongkong and Shanghai Banking Corporation Limited, India. All features and benefits are subject to Terms and Conditions.
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