Traditional Chinese
 

Interest-free Cash Instalment Plan


Get ready cash from your credit card for flexible use

Hang Seng Credit Card offers you exceptional financial management flexibility. With Interest-free Cash Instalment Plan, you can turn your credit limit into cash for realising your personal plans and repay at ease in up to 36 months, while enjoying a host of benefits:

The cash withdrawn is interest-free(1) for your flexible use.
Personalised monthly handling fee as low as 0.39%(2).
You can choose a repayment period of 6 to 36 months.
Monthly instalment amount will be rewarded with Cash Dollars, which can be used as instant cash at over 3,300 designated merchant outlets all over town.

Example:
Assume the cash withdrawal amount is HKD10,000, with a 0.39% personalised monthly handling fee and a 24-month repayment period.
Monthly repayment amount = ( Cash withdrawn ÷ No. of Instalment ) + Monthly handling fee
  = ( HKD10,000 ÷ 24 ) + ( HKD10,000 x 0.39% )
  = HKD455.67

Easy application with no supporting documents required.
Act now to enjoy financial flexibility and kick start your dreams!


  Enquire Monthly Handling Fee / Apply Online
Personal e-Banking Customers
Other Customers
 

Enquiry and Application Hotline: 2998 6868

Remarks:
(1) If you fail to make full repayment of the statement balance specified in your credit card account statement on or before the payment due date of each month, you shall pay a finance charge and other charges on any monthly instalment amount due but unpaid at the prevailing interest rate applicable to your credit card account from the post date of such monthly instalment.
(2) The 0.39% monthly handling fee is applicable to selected customers and is for reference only. The handling fee is to be determined by Hang Seng from time to time for individual promotion.

Terms & Conditions for Interest-free Cash Instalment Plan
(1)
 Only Hang Seng credit card principal cardmember ("Cardmember") is allowed to apply for the Interest-free Cash Instalment Plan ("Instalment Plan"). The Instalment Plan is not applicable to student, Supplementary Card, Renminbi Credit Card, Corporate Card, Commercial Card, e-Shopping MasterCard, Spending Card, USD Visa Gold Card and private label card.
(2)
 Upon approval of the Cardmember's application for the Instalment Plan: a) Hang Seng Bank Limited ("Hang Seng") will hold the credit limit of the Cardmember's Hang Seng credit card account specified in the Instalment Plan Application Form ("Credit Card Account") with an amount equivalent to the Instalment Plan amount and the total handling fee as Hang Seng may from time to time prescribe until the last instalment amount is settled; b) Hang Seng will debit the Instalment Plan amount and the total handling fee from the Credit Card Account by 6, 12, 18, 24 or 36 consecutive monthly instalments. The first instalment amount will be debited from the Credit Card Account immediately or on the date that Hang Seng may prescribe at its discretion; c) Hang Seng will proportionally reduce the hold amount from the credit limit of the Credit Card Account every month after Hang Seng successfully debits the Credit Card Account with the instalment amount due; and d) Hang Seng will once-and-for-all credit the approved Instalment Plan amount to the designated Hong Kong Dollar current or savings account which is in the Cardmember's sole name and specified by the Cardmember in the Instalment Plan Application Form. The fund-receiving bank may charge a handling fee from the above designated account (except for accounts with Hang Seng).
(3)
 In case the Cardmember requests (i) to cancel or amend the application for the Instalment Plan ; or (ii) make prepayment in partial or full settlement of the outstanding balance of the Instalment Plan, Hang Seng will charge a handling fee of HKD300 each time and will debit it from the Credit Card Account.
(4)
 Approval of the Instalment Plan amount is subject to the account condition of the Credit Card Account. Hang Seng may increase Cardmember's credit limit depending on the amount applied for.
(5)
 Hang Seng will not accept the following Instalment Plan application: a) The Instalment Plan amount under the application hereof falls below HKD3,000; or b) The Credit Card Account is in overdue status.
(6)
 Hang Seng has the right to approve or reject any application hereof without giving any reason therefor.
(7)
 The annualised percentage rate of 0.39% monthly handling fee calculated based on the requirement of the Code of Banking Practice as follows: 8.28% for 6 months, 8.87% for 12 months, 9.04% for 18 months, 9.10% for 24months, 9.10% for 36 months. Hang Seng shall be entitled to charge a handling fee for each monthly instalment at such rate(s) as Hang Seng may from time to time prescribe at its discretion. The handling fee is to be determined by Hang Seng from time to time for individual promotion.
(8)
 No finance charge is payable by the Cardmember who makes full repayment of the statement balance specified in the Cardmember's credit card account statement on or before the payment due date of each month. If the Cardmember fails to make full repayment of the statement balance specified in the Cardmember's credit card account statement on or before the payment due date of each month, the Cardmember shall pay a finance charge on all outstanding balance on the credit card account pursuant to the relevant Hang Seng credit card cardmember agreement ("Cardmember Agreement") governing the use of the credit card account. The Cardmember shall pay a finance charge and other charges on any monthly instalment amount due but unpaid at the prevailing interest rate applicable to the credit card account from the post date of such monthly instalment.
(9)
 Hang Seng reserves the right to revise the above-mentioned finance charge and the handling fee from time to time. The exact handling fee charged to the Cardmember is the current published rate determined by Hang Seng upon application received. Notwithstanding the other provisions in these Terms and Conditions, Hang Seng shall be entitled at any time with notice to the Cardmember to (a) suspend or terminate the Instalment Plan; and/or (b) revise or add further provisions to these Terms and Conditions.
(10)
 It will take five working days to process the application. If consideration of increasing credit limit is required due to insufficient available credit limit, it will take seven working days to process the application. Cardmember will be notified of the result by separate post.
(11)
 Hang Seng reserves the right to cancel or terminate Instalment Plan at any time (including but not limited to below conditions) with reasonable notice and demand Cardmember to repay all outstanding of Instalment Plan immediately (i.e. all unpaid outstanding principle, handling fee and other charges of the Instalment Plan) :
(i) Cardmember breaches any of this Terms and Conditions or Cardmember Agreement;
(ii) Credit Card Account is delinquent or Cardmember fails to repay debt upon demand by Hang Seng;
(iii) Credit Card Account or Instamlent Plan is cancelled by Cardmember or terminated by Hang Seng, or on the Cardmember's bankruptcy or death.
Notwithstanding any reasons, upon termination of the Credit Card Account or Instalment Plan, all outstanding of the instalment plan will become due and payable immediately and will be automatically debited from the Credit Card Account.
(12)
 Hang Seng Credit Card Cash Dollars ("Cash Dollars") will be credited to the Credit Card Account monthly after Hang Seng has successfully debited the instalment amount due from the Cardmember's Credit Card Account. Use of Cash Dollars is subject to the terms and conditions for Hang Seng Credit Card Membership Rewards Programme. For details, please call our 24-hour Hang Seng Credit Card Marketing Enquiry Hotline 2998 6868.
(13)
 These Terms and Conditions shall form part of the Cardmember Agreement and shall be construed accordingly. In case of any inconsistency between these Terms and Conditions and the Cardmember Agreement, these Terms and Conditions shall prevail.
(14) These Terms and Conditions shall be governed and construed in accordance with the laws of the Hong Kong Special Administrative Region.
(15) In case of any inconsistency between the English version and the Chinese version of these Terms and Conditions, the English version shall prevail.
 
e-Banking
Personal e-Banking
Logon Register Now
Know More
Call Us

Enquiry and Application
  Hotline:2998 6868



Important Message to Readers and Internet Privacy Policy Statement
© Hang Seng Bank Limited