Top of main content

Loan on phone

Convert your purchases into affordable monthly instalments via the HSBC India Mobile Banking app.

Shop till you drop and make low interest repayments

Quickly and easily turn your credit card purchases into monthly payments.

  • Loans available up to 24 months
  • Easy to apply
  • Low processing fee

How it works

Banking on the go

Use the loan on phone facility to turn your purchases into easy to manage monthly instalments by using the HSBC India banking app or by calling us.

  • The minimum loan on phone transaction is INR2,000. 
  • Customers have 50 calendar days to convert their purchase into instalments. 
  • Loan on phone can not be used for debit transactions including cash withdrawals and card fees. 
  • Loans are available for 3, 6, 9, 12, 18 and 24 months. 

Rates and fees

There is a 2.5% processing fee with a minimum of INR200. The annual interest rate will be communicated at the time of your Loan on Phone request.

The processing fee and the Equated Monthly Instalment (EMI) amount will show on your credit card statement. 

The EMI will then be billed on the same date for the following months.

Things to know

Who can apply?

The loan on phone feature is open to all existing HSBC credit card holders.

How to apply in the app

Apply for a Loan on Phone

Apply in the app

If you use the HSBC India app, you can apply in a few simple steps.

Don't have an HSBC Cashback Credit Card?

Get 10% cashback on dining, food delivery and groceries. Plus, enjoy 1.5% unlimited cashback on other spends. Terms and conditions apply. You can apply online using our form. We recommend using the latest version of Chrome or Safari to do so.

You might also be interested in


Explore and compare credit cards to find the one that suits you best. 


Enhance the joy of a new purchase 


Transfer your outstanding credit card balance to an HSBC credit card to enjoy easy repayments at a lower interest rate. 


Convert the limit on your credit card into cash and repay in equated monthly instalments. 

Here's an easy way to share your thoughts, stay informed and join the conversation. Follow us: