Tired of paying up to 18% interest p.a. on your outstanding credit card balance? With HSBC Balance Transfer Instalment, you get serious savings on your interest rates.
How does the HSBC Balance Transfer Instalment plan work?
HSBC Balance Transfer Instalment programme can be applied online and the minimum amount is RM1,000, while the maximum limit will depend on your credit card available credit limit.
This Balance Transfer Instalment plan is also subject to HSBC's terms and conditions.
Under this Balance Transfer Instalment programme, there are 3 plans you can choose from, which are:
- 0% upfront interest for a 3-month tenure;
- 1.88% upfront interest for a 6-month tenure; or
- 3.88% upfront interest for a 12-month tenure.
So, why should I apply for this balance transfer?
If you are the kind of a person who likes to take advantage of low interest rate environment and are motivated to be debt-free as quickly as possible, then this plan suits your aspiration.
At the end of the day, it's your money we're talking about, right?
Am I allowed to make minimum monthly repayments?
This Balance Transfer Instalment from HSBC will be bill in the form of monthly instalment, in which you are required to pay in FULL as part of the minimum monthly repayment.
What if I fail to settle the repayments before the maturity date?
If you're unable to settle all your monthly repayments before the credit card due date, tiered finance charge and late payment fee shall be applied.