HSBC bank credit card offers the following five types of loan on credit card:
It allows you to borrow instant cash on your credit card and repay in installments at a lower interest rate with flexible tenure option to choose from.
- Instant EMI
The huge outstanding balance of your HSBC credit card because of your valuable shopping bills and travel tickets can be repaid in EMIs. Instant EMI will make your shopping more convenient.
- Balance Transfer-on-EMI
This facility lets you transfer the outstanding balance on your other bank credit card to the HSBC credit card. Now, you can repay the amount at lower interest rate in easy installments.
- Loan on Phone
From a trip to a television, everything you shop above Rs 2000 can be repaid in easy EMIs. The purchase can be converted to a loan by calling the bank within 15 days.
- Balance Conversation
It allows you to divide the outstanding balance on your HSBC credit card into easy EMIs and repay the amount in 3, 6 or 12 months at an interest rate of 0.99%.
Eligibility criteria for HSBC Loan On Credit Card
- You need to be a select HSBC credit cardholder
- You should have the minimum required amount in your saving account for borrowing loan
- You must have a good credit score
How to apply
Call HSBC phone banking number and request for the loan on the card. Click here to check the number list. For Loan on Phone, SMS ‘LOP’ to 575750 from your registered mobile number. For balance conversions SMSM BALCON to 575750
You can also apply through net banking or by directly visiting the bank branch