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Balance Transfer

Delight in a smart way of saving interest

Features & Benefits

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 instalments at a lower interest rate.

  • Choose between loan tenures of 3, 6, 9, 12, 18 and 24 months
  • Rate of interest is 12.99% for 3,6,9, 12 months and 15% for 18 & 24 months

Processing fee: 1% of the Balance Transfer value (subject to minimum of ₹149)
SMS ‘BTR’ to 575750 and our representative will call you back

Sample calculation of Monthly installment for ₹1,000

Tenure option
Rate of Interest (per month)
Monthly Instalment Per ₹1000
3 months
1.08% 
₹341
6 months
1.08% 
₹173
9 months
1.08% 
₹117
12 months
1.08% 
₹89
18 months
1.25% 
₹62
24 months
1.25% 
₹48

Sample calculation of Monthly installment for ₹1,000

Tenure option
3 months
Rate of Interest (per month)
1.08% 
Monthly Instalment Per ₹1000
₹341
Tenure option
6 months
Rate of Interest (per month)
1.08% 
Monthly Instalment Per ₹1000
₹173
Tenure option
9 months
Rate of Interest (per month)
1.08% 
Monthly Instalment Per ₹1000
₹117
Tenure option
12 months
Rate of Interest (per month)
1.08% 
Monthly Instalment Per ₹1000
₹89
Tenure option
18 months
Rate of Interest (per month)
1.25% 
Monthly Instalment Per ₹1000
₹62
Tenure option
24 months
Rate of Interest (per month)
1.25% 
Monthly Instalment Per ₹1000
₹48

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 ₹5000 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 ₹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 ₹149)
  • Choose to pay more each month and close your Perpetual Balance Transfer earlier, as per your liquidity and convenience.

Important Information

Terms & Conditions

If approved, your credit card will be dispatched within 3 weeks. Please contact HSBC Phone Banking, after 3 weeks to know the status of your credit card application.

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. Please refer to the respective web pages at www.hsbc.co.in to know details.