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Submission Tags: @phishunt_io
Submission: On June 30 via api from DE — Scanned from DE
Submission Tags: @phishunt_io
Submission: On June 30 via api from DE — Scanned from DE
Form analysis 1 forms found in the DOM
<form class="Form" novalidate="">
<div class="pb-FormFeedback__FormFeedback" id="form-feedback" tabindex="-1" aria-hidden="true">
<div class="rah-static rah-static--height-zero pb-marginBottom__mb0" aria-hidden="true" style="height: 0px; overflow: hidden;">
<div style="display: none;">
<div class="pb-Reveal__Reveal pb-Reveal__Reveal--collapsing"></div>
</div>
</div>
</div>
<section class="Section pb-marginBottom__mb6" data-bdd="mandatoryTncKeyFacts">
<h2 class="pb-Heading__Heading pb-Heading__Heading--2 pb-Heading__Heading--accentBar pb-marginBottom__mb4" tabindex="-1">Key Facts Statement</h2>
<p class="pb-Paragraph__Paragraph pb-marginBottom__mb4"></p>
<div class="container_YhDGZ">
<h3 class="mainTitle_2mHdX">Key Facts Statement (KFS) for Instalment Loan</h3>
<p class="description_2YJ3o">The Hongkong and Shanghai Banking Corporation Limited (“we” or “us”)</p>
<div class="alignRightWrap_2nc28">
<p class="alignRight_2chBk">Credit Card Cash Instalment Plan</p>
<p class="alignRight_2chBk">May 2022</p>
</div>
<table cellspacing="0" cellpadding="0" class="desktop_2bKIJ">
<tbody>
<tr>
<td colspan="2">
<p class="header_1IyX5">This product is an instalment loan.</p>
<p class="header_1IyX5">This KFS provides you with indicative information about interest, fees and charges of this product but please refer to our offer letter for the final terms of your instalment loan.</p>
</td>
</tr>
<tr>
<th colspan="2" class="titleWrap_17xMz" id="dHeader1">
<h4 class="subTitle_1K7dh">Interest Rates and Interest Charges</h4>
</th>
</tr>
<tr>
<th class="left_30k7y" id="dHeader2" headers="dHeader1">
<p class="subTitle_1K7dh">Annualised Percentage Rate (APR)</p>
</th>
<td class="right_2QgwT" header="dHeader1 dHeader2">
<ul class="ulLeft_2B_hF">
<li>
<p>Please refer to the “Bank Tariff Guide for HSBC Wealth and Personal Banking Customers” (“Tariff Guide”) and the Credit Card Cardholder Agreement for details.</p>
</li>
<li>
<p>No finance charge is payable if you make full repayment of the statement balance of your credit card on or before the payment due date of each month.</p>
</li>
</ul>
</td>
</tr>
<tr>
<th class="left_30k7y" id="dHeader3" headers="dHeader1">
<p class="subTitle_1K7dh">Annualised Overdue/ Default Interest Rate</p>
</th>
<td class="right_2QgwT" headers="dHeader1 dHeader3">
<p>We will bill each monthly Repayment Amount of Cash Instalment Plan to your Card Account on a monthly basis as a purchase transaction and show it on your Card statement.</p>
<p>You need to be aware that only 1% of the monthly instalment principal amount plus full monthly handling fee of Cash Instalment Plan will be included in the minimum payment due. If you fail to pay the statement balance of your monthly
Card statement in full, or if you only pay the minimum payment due on or before the due date of that statement, we will charge on the outstanding statement balance a finance charge at the interest rate applicable to credit card as
specified in the “Tariff Guide”.</p>
<p>For details of time and total cost involved to fully repay the Cash Instalment Plan by making minimum payments only, please refer to our</p>
<p>HSBC website (Borrowing > Credit Cards > Cash Instalment Plan > Frequently Asked Questions)</p>
</td>
</tr>
<tr>
<th colspan="2" class="titleWrap_17xMz" id="dHeader4">
<h4 class="subTitle_1K7dh">Fees and Charges</h4>
</th>
</tr>
<tr>
<th class="left_30k7y" id="dHeader5" headers="dHeader4">
<p class="subTitle_1K7dh">Handling Fee</p>
</th>
<td class="right_2QgwT" headers="dHeader4 dHeader5">
<p>For a loan amount of HK$100,000:</p>
<table aria-label="Example of Loan Tenor against APR" class="subTable_3XiIc">
<tbody>
<tr>
<th scope="row">
<p>Loan Tenor</p>
</th>
<th scope="col">
<p>6-month</p>
</th>
<th scope="col">
<p>12-month</p>
</th>
<th scope="col">
<p>24-month</p>
</th>
</tr>
<tr>
<th scope="row" rowspan="2">
<p>APR</p>
</th>
<td>
<p>14.77%</p>
</td>
<td>
<p>15.77%</p>
</td>
<td>
<p>16.03%</p>
</td>
</tr>
<tr>
<td colspan="3" class="bold_3LjJk">
<p>For your eligible APR, please refer to our promotional materials, HSBC website or call our Hotline for enquiry.</p>
</td>
</tr>
</tbody>
</table>
<p>The APR is calculated using method specified in relevant guidelines issued by The Hong Kong Association of Banks, and is rounded up or down to the nearest two decimal places. An APR is a reference rate, which includes all applicable
interest rates, fees and charges of the product, expressed as an annualised rate.</p>
</td>
</tr>
<tr>
<th class="left_30k7y" id="dHeader6" headers="dHeader4">
<p class="subTitle_1K7dh">Late Payment Fee and Charge</p>
</th>
<td class="right_2QgwT" headers="dHeader4 dHeader6">
<p>Please refer to the “Tariff Guide” and the Credit Card Cardholder Agreement for details.</p>
</td>
</tr>
<tr>
<th class="left_30k7y" id="dHeader7" headers="dHeader4">
<p class="subTitle_1K7dh">Prepayment/Early Settlement/Redemption Fee</p>
</th>
<td class="right_2QgwT" headers="dHeader4 dHeader7">
<p>2% of outstanding principal amount</p>
<p>Before you make request for early settlement of your Cash Instalment Plan, please refer to our HSBC website (Borrowing > Credit Cards > Cash Instalment Plan > Frequently Asked Questions)</p>
</td>
</tr>
<tr>
<th class="left_30k7y" id="dHeader8" headers="dHeader4">
<p class="subTitle_1K7dh">Returned Cheque/Rejected Autopay Charge</p>
</th>
<td class="right_2QgwT" headers="dHeader4 dHeader8">
<p>Please refer to the “Tariff Guide” and the Credit Card Cardholder Agreement for details.</p>
</td>
</tr>
<tr>
<th colspan="2" class="titleWrap_17xMz" id="dHeader9">
<h4 class="subTitle_1K7dh">Additional Information</h4>
</th>
</tr>
<tr>
<td colspan="2" headers="dHeader9">
<ul>
<li>
<p>The monthly Repayment Amount is calculated by dividing the aggregate of the Loan and all the handling fees by the relevant number of instalments. The same handling fee will be charged for each instalment.</p>
</li>
<li>
<p>Minimum loan amount is HK$2,000.</p>
</li>
<li>
<p>For further information, please refer to our HSBC website (Borrowing > Credit Cards > Cash Instalment Plan).</p>
</li>
<li>
<p>Please note that we do not appoint any third parties to refer Cash Instalment Plan applications to us and will not process any application that was referred by a third party under beneficial arrangement. For enquiry, please call
our hotline at 2233 3000.</p>
</li>
<li>
<p>If you are unable to fully settle the monthly instalment amount of Cash Instalment Plan, please consider whether other lending option is more suitable for you based on your own circumstances, or contact us for details.</p>
</li>
</ul>
</td>
</tr>
</tbody>
</table>
<table cellspacing="0" cellpadding="0" class="mobilex_2xTiF">
<tbody>
<tr>
<td>
<p class="header_1IyX5">This product is an instalment loan.</p>
<p class="header_1IyX5">This KFS provides you with indicative information about interest, fees and charges of this product but please refer to our offer letter for the final terms of your instalment loan.</p>
</td>
</tr>
<tr>
<th class="titleWrap_17xMz" id="dHeader1">
<h4 class="subTitle_1K7dh">Interest Rates and Interest Charges</h4>
</th>
</tr>
<tr>
<th class="left_30k7y" id="dHeader2" headers="dHeader1">
<p class="subTitle_1K7dh">Annualised Percentage Rate (APR)</p>
</th>
</tr>
<tr>
<td class="right_2QgwT" header="dHeader1 dHeader2">
<ul class="ulLeft_2B_hF">
<li>
<p>Please refer to the “Bank Tariff Guide for HSBC Wealth and Personal Banking Customers” (“Tariff Guide”) and the Credit Card Cardholder Agreement for details.</p>
</li>
<li>
<p>No finance charge is payable if you make full repayment of the statement balance of your credit card on or before the payment due date of each month.</p>
</li>
</ul>
</td>
</tr>
<tr>
<th class="left_30k7y" id="dHeader3" headers="dHeader1">
<p class="subTitle_1K7dh">Annualised Overdue/ Default Interest Rate</p>
</th>
</tr>
<tr>
<td class="right_2QgwT" headers="dHeader1 dHeader3">
<p>We will bill each monthly Repayment Amount of Cash Instalment Plan to your Card Account on a monthly basis as a purchase transaction and show it on your Card statement.</p>
<p>You need to be aware that only 1% of the monthly instalment principal amount plus full monthly handling fee of Cash Instalment Plan will be included in the minimum payment due. If you fail to pay the statement balance of your monthly
Card statement in full, or if you only pay the minimum payment due on or before the due date of that statement, we will charge on the outstanding statement balance a finance charge at the interest rate applicable to credit card as
specified in the “Tariff Guide”.</p>
<p>For details of time and total cost involved to fully repay the Cash Instalment Plan by making minimum payments only, please refer to our</p>
<p>HSBC website (Borrowing > Credit Cards > Cash Instalment Plan > Frequently Asked Questions)</p>
</td>
</tr>
<tr>
<th colspan="2" class="titleWrap_17xMz" id="dHeader4">
<h4 class="subTitle_1K7dh">Fees and Charges</h4>
</th>
</tr>
<tr>
<th class="left_30k7y" id="dHeader5" headers="dHeader4">
<p class="subTitle_1K7dh">Handling Fee</p>
</th>
</tr>
<tr>
<td class="right_2QgwT" headers="dHeader4 dHeader5">
<p>For a loan amount of HK$100,000:</p>
<table aria-label="Example of Loan Tenor against APR" class="subTable_3XiIc">
<tbody>
<tr>
<th scope="row">
<p>Loan Tenor</p>
</th>
<th scope="col">
<p>6-month</p>
</th>
<th scope="col">
<p>12-month</p>
</th>
<th scope="col">
<p>24-month</p>
</th>
</tr>
<tr>
<th scope="row" rowspan="2">
<p>APR</p>
</th>
<td>
<p>14.77%</p>
</td>
<td>
<p>15.77%</p>
</td>
<td>
<p>16.03%</p>
</td>
</tr>
<tr>
<td colspan="3" class="bold_3LjJk">
<p>For your eligible APR, please refer to our promotional materials, HSBC website or call our Hotline for enquiry.</p>
</td>
</tr>
</tbody>
</table>
<p>The APR is calculated using method specified in relevant guidelines issued by The Hong Kong Association of Banks, and is rounded up or down to the nearest two decimal places. An APR is a reference rate, which includes all applicable
interest rates, fees and charges of the product, expressed as an annualised rate.</p>
</td>
</tr>
<tr>
<th class="left_30k7y" id="dHeader6" headers="dHeader4">
<p class="subTitle_1K7dh">Late Payment Fee and Charge</p>
</th>
</tr>
<tr>
<td class="right_2QgwT" headers="dHeader4 dHeader6">
<p>Please refer to the “Tariff Guide” and the Credit Card Cardholder Agreement for details.</p>
</td>
</tr>
<tr>
<th class="left_30k7y" id="dHeader7" headers="dHeader4">
<p class="subTitle_1K7dh">Prepayment/Early Settlement/Redemption Fee</p>
</th>
</tr>
<tr>
<td class="right_2QgwT" headers="dHeader4 dHeader7">
<p>2% of outstanding principal amount</p>
<p>Before you make request for early settlement of your Cash Instalment Plan, please refer to our HSBC website (Borrowing > Credit Cards > Cash Instalment Plan > Frequently Asked Questions)</p>
</td>
</tr>
<tr>
<th class="left_30k7y" id="dHeader8" headers="dHeader4">
<p class="subTitle_1K7dh">Returned Cheque/Rejected Autopay Charge</p>
</th>
</tr>
<tr>
<td class="right_2QgwT" headers="dHeader4 dHeader8">
<p>Please refer to the “Tariff Guide” and the Credit Card Cardholder Agreement for details.</p>
</td>
</tr>
<tr>
<th colspan="2" class="titleWrap_17xMz" id="dHeader9">
<h4 class="subTitle_1K7dh">Additional Information</h4>
</th>
</tr>
<tr>
<td colspan="2" headers="dHeader9">
<ul>
<li>
<p>The monthly Repayment Amount is calculated by dividing the aggregate of the Loan and all the handling fees by the relevant number of instalments. The same handling fee will be charged for each instalment.</p>
</li>
<li>
<p>Minimum loan amount is HK$2,000.</p>
</li>
<li>
<p>For further information, please refer to our HSBC website (Borrowing > Credit Cards > Cash Instalment Plan).</p>
</li>
<li>
<p>Please note that we do not appoint any third parties to refer Cash Instalment Plan applications to us and will not process any application that was referred by a third party under beneficial arrangement. For enquiry, please call
our hotline at 2233 3000.</p>
</li>
<li>
<p>If you are unable to fully settle the monthly instalment amount of Cash Instalment Plan, please consider whether other lending option is more suitable for you based on your own circumstances, or contact us for details.</p>
</li>
</ul>
</td>
</tr>
</tbody>
</table>
</div>
<p></p>
</section>
<section class="Section pb-marginBottom__mb6" data-bdd="mandatoryTncMajorTerms">
<h2 class="pb-Heading__Heading pb-Heading__Heading--2 pb-Heading__Heading--accentBar pb-marginBottom__mb4" tabindex="-1">Terms and Conditions</h2>
<p class="pb-Paragraph__Paragraph pb-marginBottom__mb4"></p>
<div class="container_2fiUW">
<div class="section1_3jltn">
<h3>Terms and Conditions for the Credit Card Cash Instalment Plan applicable to Personal Credit Card Cardholders</h3>
<ol class="root_2Iczd decimal_2eeMg">
<li class="ListItem_96mGC">
<div>
<h4 class="subListitem_15XaT">Eligibility for the Cash Instalment Plan</h4>
<ol class="alpha_2ogLg">
<li class="subListItem_2W7GO">
<div>You are eligible to apply for the Cash Instalment Plan only if you hold a personal primary credit card issued by us. However, the Cash Instalment Plan is not available to a non-Hong Kong Dollar personal primary credit card, an
additional credit card, a co-branded card, an undergraduate credit card, a Visa Gold Card for Students, a private label card or the RMB sub-account of a UnionPay Dual Currency credit card or HSBC Pulse UnionPay Dual Currency
Diamond card.</div>
</li>
<li class="subListItem_2W7GO">
<div>The Cash Instalment Plan is provided subject to these Terms and Conditions and the Cardholder Agreement. By applying for the Cash Instalment Plan by any means, you are considered to have accepted these Terms and Conditions and
the Cardholder Agreement in full and will be bound by them. The provisions in these Terms and Conditions prevail over the provisions in the Cardholder Agreement to the extent of any inconsistency between them.</div>
</li>
<li class="subListItem_2W7GO">
<div>You agree that we are entitled to obtain and verify information about you from any other person or source at any time and from time to time as we may decide. In particular, for considering possible increase, decrease or
modification of the credit limit on the Card Account, you agree that we are entitled to:<ol class="roman_2KUtr">
<li>conduct checks with any credit reference agency at any time; and</li>
<li>perform credit reviews and require at least monthly access to data from any credit reference agency.</li>
</ol>
</div>
</li>
<li class="subListItem_2W7GO"><span>We will decide whether to approve your application for the Cash Instalment Plan in accordance with our usual credit assessment. We have the right to approve or reject your application or grant a
lower withdrawal amount than that requested in your application without giving any reason or prior notice. We have the right to reject your application if you have a past due record in the current month on any credit card account
held with us. We will not accept a request in your application for transfer of outstanding balance from a credit card account held with us to the Cash Instalment Plan.</span></li>
</ol>
</div>
</li>
<li class="ListItem_96mGC">
<div>
<h4 class="subListitem_15XaT">Scope and operation</h4>
<ol class="alpha_2ogLg">
<li class="subListItem_2W7GO">
<p>We will set a minimum limit and a maximum limit on the withdrawal amount for each application of the Cash Instalment Plan. We will specify the limits on the marketing materials, webpages or other notices provided by us from time
to time relating to the Cash Instalment Plan. By applying for the Cash Instalment Plan, you are considered to have agreed that we may increase the credit limit on the Card Account having regard to the withdrawal amount requested
in your application. We will notify you by mail of (i) the application result, (ii) the credit limit adjustment (if applicable) and (iii) the approved withdrawal amount for the Cash Instalment Plan (“<span
class="bold_M3zxd">Withdrawal Amount</span>”) (if applicable). We have the final decision on the credit limit adjustment of the Card Account and the withdrawal amount approval.</p>
</li>
<li class="subListItem_2W7GO">
<div>If we approve your application for the Cash Instalment Plan:<ol class="roman_2KUtr">
<li>
<p>we will withhold from the credit limit on the Card Account an amount equal to the total of (1) the Withdrawal Amount and (2) all payable monthly handling fees for the entire Instalment Period. We will calculate the amount
of each instalment repayment by dividing the Withdrawal Amount by the number of months in the Instalment Period plus the applicable monthly handling fee (collectively, “<span class="bold_M3zxd">Repayment Amount</span>”). The
credit limit on the Card Account will be restored progressively as the Repayment Amounts are actually received by us;</p>
</li>
<li>
<div>we will credit or transfer the Withdrawal Amount in a lump sum to the bank account or credit card account specified by you in your application. We will do so after we receive all information and documents required by us
for processing your application. For this purpose:<ol class="decimal2_3G5HC">
<li>the bank account must be a Hong Kong dollar account in your sole name and may be maintained with us or another financial institution in Hong Kong; and</li>
<li>the credit card account must be a Hong Kong dollar credit card account maintained by you as a primary cardholder with another financial institution or credit card company in Hong Kong; and</li>
</ol>
</div>
</li>
<li>we may alternatively issue to you a cheque or use the Clearing House Automated Transfer System (CHATS) to transfer the Withdrawal Amount to the specified bank account or credit card account.</li>
</ol>
</div>
</li>
<li class="subListItem_2W7GO"><span>We will bill each Repayment Amount to the Card Account on a monthly basis as a purchase transaction and show it on the Card statement. We will bill the first Repayment Amount to the Card Account
upon approval of your application for the Cash Instalment Plan and will show it in the first Card statement following the approval.</span></li>
<li class="subListItem_2W7GO"><span class="bold_M3zxd">You should ensure that the total of (i) the Withdrawal Amount, (ii) all payable monthly handling fees, and (iii) all other outstanding balance in your Card Account (including all
unbilled balance) does not exceed the approved credit limit on the Card Account at any time.</span></li>
<li class="subListItem_2W7GO"><span class="bold_M3zxd">You must continue to make any repayment (and pay any finance charges) in the normal manner with respect to the bank account or credit card account specified in your application
until we have transferred the Withdrawal Amount to you in accordance with paragraph (b) above. We are not liable for any finance charge and other charges incurred by you arising from or in connection with your application for the
Cash Instalment Plan.</span></li>
<li class="subListItem_2W7GO"><span>The Withdrawal Amount will not entitle you to any RewardCash.</span></li>
<li class="subListItem_2W7GO"><span>We will not return the documents supplied to us (including the application form) in relation to the Cash Instalment Plan.</span></li>
</ol>
</div>
</li>
<li class="ListItem_96mGC">
<div>
<h4 class="subListitem_15XaT">Our overriding right</h4>
<ol class="alpha_2ogLg">
<li class="subListItem_2W7GO">
<div>Even if we approve your application for the Cash Instalment Plan or even if these Terms and Conditions or the Cardholder Agreement may provide otherwise, we have the right at any time:<ol class="roman_2KUtr">
<li>to charge to the Card Account in full the total amount of all remaining unpaid Withdrawal Amount that are not yet charged to the Card Account, plus interest, fees and charges (if any); and</li>
<li>
<div>to demand immediate repayment in full of all indebtedness owing by you to us under the Cash Instalment Plan. Without limiting our right to demand repayment at any time, we have the right to demand repayment in the
following cases (or any of them):<ol class="decimal2_3G5HC">
<li>the Card Account is cancelled or terminated for any reason (whether by you or by us);</li>
<li>you default in payment of any amount due under the Cardholder Agreement or these Terms and Conditions;</li>
<li>you breach any other provision of the Cardholder Agreement or these Terms and Conditions;</li>
<li>a bankruptcy petition is presented by or against you, or you are unable to pay your debts as they fall due; and</li>
<li>the Cash Instalment Plan is suspended or terminated by us for any reason.</li>
</ol>
</div>
</li>
</ol>
</div>
</li>
<li class="subListItem_2W7GO"><span class="bold_M3zxd">You are required to repay all indebtedness owing by you to us under the Cash Instalment Plan on demand.</span></li>
</ol>
</div>
</li>
<li class="ListItem_96mGC">
<div>
<h4 class="subListitem_15XaT">No cancellation but may repay early</h4>
<ol class="alpha_2ogLg">
<li class="subListItem_2W7GO"><span>You cannot cancel the Cash Instalment Plan after your application is approved by us, unless you repay in full the total amount of all remaining unpaid Withdrawal Amount and <span
class="bold_M3zxd">pay an early repayment fee calculated at 2% of such outstanding Withdrawal Amount. You have to give us at least 14 working days’ prior written notice of your intention to repay early.</span></span></li>
<li class="subListItem_2W7GO"><span>You must make early repayment in full. We do not accept partial early repayment. You cannot revoke a notice for early repayment without our consent. We will not refund any paid monthly handling fees
even if you make early repayment.</span></li>
</ol>
</div>
</li>
<li class="ListItem_96mGC">
<div>
<h4 class="subListitem_15XaT">Monthly handling fees</h4>
<p class="margin_1UMU0 bold_M3zxd">Upon approval of your application for the Cash Instalment Plan, we may charge a monthly handling fee (if applicable) on the Withdrawal Amount. The rate of the monthly handling fee is specified in the
approval letter that we send you upon approval of your application.</p>
</div>
</li>
<li class="ListItem_96mGC">
<div>
<h4 class="subListitem_15XaT">Staff’s remuneration</h4>
<p class="margin_1UMU0">The remuneration for our sales staff is determined based on the staff’s overall performance with reference to a wide range of factors, and is not determined solely on his financial performance. Sales staff’s
remuneration is subject to review from time to time, for the purpose of encouraging the building of deep, long-lasting and mutually valuable relationships with customers.</p>
</div>
</li>
<li class="ListItem_96mGC">
<div>
<h4 class="subListitem_15XaT">Variation of these Terms and Conditions</h4>
<p class="margin_1UMU0 bold_M3zxd">We have the right to vary the monthly handling fee (if applicable) for the Cash Instalment Plan and these Terms and Conditions from time to time. We will give you prior notice in a manner we consider
appropriate. You will be bound by a variation unless we actually receive full payment of all indebtedness owing by you under the Cash Instalment Plan before the date on which that variation takes effect. We also have the right to
terminate or suspend (or both) the Cash Instalment Plan. We have the final decision on all matters and disputes relating to the Cash Instalment Plan.</p>
</div>
</li>
<li class="ListItem_96mGC">
<div>
<h4 class="subListitem_15XaT">Third party rights</h4>
<p class="margin_1UMU0">No person other than you and us will have any right under the Contracts (Rights of Third Parties) Ordinance to enforce or enjoy the benefit of any of the provisions of these Terms and Conditions.</p>
</div>
</li>
<li class="ListItem_96mGC">
<div>
<h4 class="subListitem_15XaT">Governing law, jurisdiction and version</h4>
<ol class="alpha_2ogLg">
<li class="subListItem_2W7GO"><span>These Terms and Conditions are governed by and will be construed according to Hong Kong laws.</span></li>
<li class="subListItem_2W7GO"><span>You submit to the non-exclusive jurisdiction of the Hong Kong courts.</span></li>
<li class="subListItem_2W7GO"><span>The English version of these Terms and Conditions prevails to the extent of any inconsistency between the English and the Chinese versions. Any Chinese version of these Terms and Conditions is for
reference only.</span></li>
</ol>
</div>
</li>
</ol>
<div class="definitions_a0BK_">
<p class="bold_M3zxd">Definitions</p>
<p class="margin_1UMU0"><span class="bold_M3zxd">Cash Instalment Plan</span> means the credit card cash instalment plan offered by us from time to time.</p>
<p class="margin_1UMU0"><span class="bold_M3zxd">Card</span> means the credit card issued to you as a primary cardholder and approved by us for the Cash Instalment Plan.</p>
<p class="margin_1UMU0"><span class="bold_M3zxd">Card Account</span> means the account established in respect of your Card for recording Card transactions and other items.</p>
<p class="margin_1UMU0"><span class="bold_M3zxd">Cardholder Agreement</span> means the relevant credit card cardholder agreement governing your Card.</p>
<p class="margin_1UMU0"><span class="bold_M3zxd">Hong Kong</span> means the Hong Kong Special Administrative Region of the People's Republic of China.</p>
<p class="margin_1UMU0"><span class="bold_M3zxd">Instalment Period</span> means the period of the Cash Instalment Plan specified by you on the application form and approved by us.</p>
<p class="margin_1UMU0"><span class="bold_M3zxd">Repayment Amount</span> is defined in Clause 2(b)(i).</p>
<p class="margin_1UMU0"><span class="bold_M3zxd">we, us, our</span> means The Hongkong and Shanghai Banking Corporation Limited and its successors and assigns.</p>
<p class="margin_1UMU0"><span class="bold_M3zxd">Withdrawal Amount</span> is defined in Clause 2(a).</p>
<p class="margin_1UMU0"><span class="bold_M3zxd">you</span> or<span class="bold_M3zxd"> your</span> means the person to whom we issue a Card.</p>
<div class="issued_19NcS">
<div>Effective from 2 Dec 2019</div>
<div class="marginVertical_2XBP1">Note: In case of discrepancies between the English and Chinese versions, the English version shall apply and prevail.</div>
<div class="marginVertical_2XBP1">To borrow or not to borrow? Borrow only if you can repay!</div>
<div>Issued by The Hongkong and Shanghai Banking Corporation Limited</div>
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HSBC
HSBC CASH INSTALMENT PLAN APPLICATIONCASH INSTALMENT PLAN
Our Cash Instalment Plan allows you to repay your approved amount in a period of
6-60 months.
--------------------------------------------------------------------------------
KEY FACTS STATEMENT
KEY FACTS STATEMENT (KFS) FOR INSTALMENT LOAN
The Hongkong and Shanghai Banking Corporation Limited (“we” or “us”)
Credit Card Cash Instalment Plan
May 2022
This product is an instalment loan.
This KFS provides you with indicative information about interest, fees and
charges of this product but please refer to our offer letter for the final terms
of your instalment loan.
INTEREST RATES AND INTEREST CHARGES
Annualised Percentage Rate (APR)
* Please refer to the “Bank Tariff Guide for HSBC Wealth and Personal Banking
Customers” (“Tariff Guide”) and the Credit Card Cardholder Agreement for
details.
* No finance charge is payable if you make full repayment of the statement
balance of your credit card on or before the payment due date of each month.
Annualised Overdue/ Default Interest Rate
We will bill each monthly Repayment Amount of Cash Instalment Plan to your Card
Account on a monthly basis as a purchase transaction and show it on your Card
statement.
You need to be aware that only 1% of the monthly instalment principal amount
plus full monthly handling fee of Cash Instalment Plan will be included in the
minimum payment due. If you fail to pay the statement balance of your monthly
Card statement in full, or if you only pay the minimum payment due on or before
the due date of that statement, we will charge on the outstanding statement
balance a finance charge at the interest rate applicable to credit card as
specified in the “Tariff Guide”.
For details of time and total cost involved to fully repay the Cash Instalment
Plan by making minimum payments only, please refer to our
HSBC website (Borrowing > Credit Cards > Cash Instalment Plan > Frequently Asked
Questions)
FEES AND CHARGES
Handling Fee
For a loan amount of HK$100,000:
Loan Tenor
6-month
12-month
24-month
APR
14.77%
15.77%
16.03%
For your eligible APR, please refer to our promotional materials, HSBC website
or call our Hotline for enquiry.
The APR is calculated using method specified in relevant guidelines issued by
The Hong Kong Association of Banks, and is rounded up or down to the nearest two
decimal places. An APR is a reference rate, which includes all applicable
interest rates, fees and charges of the product, expressed as an annualised
rate.
Late Payment Fee and Charge
Please refer to the “Tariff Guide” and the Credit Card Cardholder Agreement for
details.
Prepayment/Early Settlement/Redemption Fee
2% of outstanding principal amount
Before you make request for early settlement of your Cash Instalment Plan,
please refer to our HSBC website (Borrowing > Credit Cards > Cash Instalment
Plan > Frequently Asked Questions)
Returned Cheque/Rejected Autopay Charge
Please refer to the “Tariff Guide” and the Credit Card Cardholder Agreement for
details.
ADDITIONAL INFORMATION
* The monthly Repayment Amount is calculated by dividing the aggregate of the
Loan and all the handling fees by the relevant number of instalments. The
same handling fee will be charged for each instalment.
* Minimum loan amount is HK$2,000.
* For further information, please refer to our HSBC website (Borrowing > Credit
Cards > Cash Instalment Plan).
* Please note that we do not appoint any third parties to refer Cash Instalment
Plan applications to us and will not process any application that was
referred by a third party under beneficial arrangement. For enquiry, please
call our hotline at 2233 3000.
* If you are unable to fully settle the monthly instalment amount of Cash
Instalment Plan, please consider whether other lending option is more
suitable for you based on your own circumstances, or contact us for details.
This product is an instalment loan.
This KFS provides you with indicative information about interest, fees and
charges of this product but please refer to our offer letter for the final terms
of your instalment loan.
INTEREST RATES AND INTEREST CHARGES
Annualised Percentage Rate (APR)
* Please refer to the “Bank Tariff Guide for HSBC Wealth and Personal Banking
Customers” (“Tariff Guide”) and the Credit Card Cardholder Agreement for
details.
* No finance charge is payable if you make full repayment of the statement
balance of your credit card on or before the payment due date of each month.
Annualised Overdue/ Default Interest Rate
We will bill each monthly Repayment Amount of Cash Instalment Plan to your Card
Account on a monthly basis as a purchase transaction and show it on your Card
statement.
You need to be aware that only 1% of the monthly instalment principal amount
plus full monthly handling fee of Cash Instalment Plan will be included in the
minimum payment due. If you fail to pay the statement balance of your monthly
Card statement in full, or if you only pay the minimum payment due on or before
the due date of that statement, we will charge on the outstanding statement
balance a finance charge at the interest rate applicable to credit card as
specified in the “Tariff Guide”.
For details of time and total cost involved to fully repay the Cash Instalment
Plan by making minimum payments only, please refer to our
HSBC website (Borrowing > Credit Cards > Cash Instalment Plan > Frequently Asked
Questions)
FEES AND CHARGES
Handling Fee
For a loan amount of HK$100,000:
Loan Tenor
6-month
12-month
24-month
APR
14.77%
15.77%
16.03%
For your eligible APR, please refer to our promotional materials, HSBC website
or call our Hotline for enquiry.
The APR is calculated using method specified in relevant guidelines issued by
The Hong Kong Association of Banks, and is rounded up or down to the nearest two
decimal places. An APR is a reference rate, which includes all applicable
interest rates, fees and charges of the product, expressed as an annualised
rate.
Late Payment Fee and Charge
Please refer to the “Tariff Guide” and the Credit Card Cardholder Agreement for
details.
Prepayment/Early Settlement/Redemption Fee
2% of outstanding principal amount
Before you make request for early settlement of your Cash Instalment Plan,
please refer to our HSBC website (Borrowing > Credit Cards > Cash Instalment
Plan > Frequently Asked Questions)
Returned Cheque/Rejected Autopay Charge
Please refer to the “Tariff Guide” and the Credit Card Cardholder Agreement for
details.
ADDITIONAL INFORMATION
* The monthly Repayment Amount is calculated by dividing the aggregate of the
Loan and all the handling fees by the relevant number of instalments. The
same handling fee will be charged for each instalment.
* Minimum loan amount is HK$2,000.
* For further information, please refer to our HSBC website (Borrowing > Credit
Cards > Cash Instalment Plan).
* Please note that we do not appoint any third parties to refer Cash Instalment
Plan applications to us and will not process any application that was
referred by a third party under beneficial arrangement. For enquiry, please
call our hotline at 2233 3000.
* If you are unable to fully settle the monthly instalment amount of Cash
Instalment Plan, please consider whether other lending option is more
suitable for you based on your own circumstances, or contact us for details.
TERMS AND CONDITIONS
TERMS AND CONDITIONS FOR THE CREDIT CARD CASH INSTALMENT PLAN APPLICABLE TO
PERSONAL CREDIT CARD CARDHOLDERS
1. ELIGIBILITY FOR THE CASH INSTALMENT PLAN
1. You are eligible to apply for the Cash Instalment Plan only if you hold
a personal primary credit card issued by us. However, the Cash
Instalment Plan is not available to a non-Hong Kong Dollar personal
primary credit card, an additional credit card, a co-branded card, an
undergraduate credit card, a Visa Gold Card for Students, a private
label card or the RMB sub-account of a UnionPay Dual Currency credit
card or HSBC Pulse UnionPay Dual Currency Diamond card.
2. The Cash Instalment Plan is provided subject to these Terms and
Conditions and the Cardholder Agreement. By applying for the Cash
Instalment Plan by any means, you are considered to have accepted these
Terms and Conditions and the Cardholder Agreement in full and will be
bound by them. The provisions in these Terms and Conditions prevail over
the provisions in the Cardholder Agreement to the extent of any
inconsistency between them.
3. You agree that we are entitled to obtain and verify information about
you from any other person or source at any time and from time to time as
we may decide. In particular, for considering possible increase,
decrease or modification of the credit limit on the Card Account, you
agree that we are entitled to:
1. conduct checks with any credit reference agency at any time; and
2. perform credit reviews and require at least monthly access to data
from any credit reference agency.
4. We will decide whether to approve your application for the Cash
Instalment Plan in accordance with our usual credit assessment. We have
the right to approve or reject your application or grant a lower
withdrawal amount than that requested in your application without giving
any reason or prior notice. We have the right to reject your application
if you have a past due record in the current month on any credit card
account held with us. We will not accept a request in your application
for transfer of outstanding balance from a credit card account held with
us to the Cash Instalment Plan.
2. SCOPE AND OPERATION
1. We will set a minimum limit and a maximum limit on the withdrawal amount
for each application of the Cash Instalment Plan. We will specify the
limits on the marketing materials, webpages or other notices provided by
us from time to time relating to the Cash Instalment Plan. By applying
for the Cash Instalment Plan, you are considered to have agreed that we
may increase the credit limit on the Card Account having regard to the
withdrawal amount requested in your application. We will notify you by
mail of (i) the application result, (ii) the credit limit adjustment (if
applicable) and (iii) the approved withdrawal amount for the Cash
Instalment Plan (“Withdrawal Amount”) (if applicable). We have the final
decision on the credit limit adjustment of the Card Account and the
withdrawal amount approval.
2. If we approve your application for the Cash Instalment Plan:
1. we will withhold from the credit limit on the Card Account an amount
equal to the total of (1) the Withdrawal Amount and (2) all payable
monthly handling fees for the entire Instalment Period. We will
calculate the amount of each instalment repayment by dividing the
Withdrawal Amount by the number of months in the Instalment Period
plus the applicable monthly handling fee (collectively, “Repayment
Amount”). The credit limit on the Card Account will be restored
progressively as the Repayment Amounts are actually received by us;
2. we will credit or transfer the Withdrawal Amount in a lump sum to
the bank account or credit card account specified by you in your
application. We will do so after we receive all information and
documents required by us for processing your application. For this
purpose:
1. the bank account must be a Hong Kong dollar account in your sole
name and may be maintained with us or another financial
institution in Hong Kong; and
2. the credit card account must be a Hong Kong dollar credit card
account maintained by you as a primary cardholder with another
financial institution or credit card company in Hong Kong; and
3. we may alternatively issue to you a cheque or use the Clearing House
Automated Transfer System (CHATS) to transfer the Withdrawal Amount
to the specified bank account or credit card account.
3. We will bill each Repayment Amount to the Card Account on a monthly
basis as a purchase transaction and show it on the Card statement. We
will bill the first Repayment Amount to the Card Account upon approval
of your application for the Cash Instalment Plan and will show it in the
first Card statement following the approval.
4. You should ensure that the total of (i) the Withdrawal Amount, (ii) all
payable monthly handling fees, and (iii) all other outstanding balance
in your Card Account (including all unbilled balance) does not exceed
the approved credit limit on the Card Account at any time.
5. You must continue to make any repayment (and pay any finance charges) in
the normal manner with respect to the bank account or credit card
account specified in your application until we have transferred the
Withdrawal Amount to you in accordance with paragraph (b) above. We are
not liable for any finance charge and other charges incurred by you
arising from or in connection with your application for the Cash
Instalment Plan.
6. The Withdrawal Amount will not entitle you to any RewardCash.
7. We will not return the documents supplied to us (including the
application form) in relation to the Cash Instalment Plan.
3. OUR OVERRIDING RIGHT
1. Even if we approve your application for the Cash Instalment Plan or even
if these Terms and Conditions or the Cardholder Agreement may provide
otherwise, we have the right at any time:
1. to charge to the Card Account in full the total amount of all
remaining unpaid Withdrawal Amount that are not yet charged to the
Card Account, plus interest, fees and charges (if any); and
2. to demand immediate repayment in full of all indebtedness owing by
you to us under the Cash Instalment Plan. Without limiting our right
to demand repayment at any time, we have the right to demand
repayment in the following cases (or any of them):
1. the Card Account is cancelled or terminated for any reason
(whether by you or by us);
2. you default in payment of any amount due under the Cardholder
Agreement or these Terms and Conditions;
3. you breach any other provision of the Cardholder Agreement or
these Terms and Conditions;
4. a bankruptcy petition is presented by or against you, or you are
unable to pay your debts as they fall due; and
5. the Cash Instalment Plan is suspended or terminated by us for
any reason.
2. You are required to repay all indebtedness owing by you to us under the
Cash Instalment Plan on demand.
4. NO CANCELLATION BUT MAY REPAY EARLY
1. You cannot cancel the Cash Instalment Plan after your application is
approved by us, unless you repay in full the total amount of all
remaining unpaid Withdrawal Amount and pay an early repayment fee
calculated at 2% of such outstanding Withdrawal Amount. You have to give
us at least 14 working days’ prior written notice of your intention to
repay early.
2. You must make early repayment in full. We do not accept partial early
repayment. You cannot revoke a notice for early repayment without our
consent. We will not refund any paid monthly handling fees even if you
make early repayment.
5. MONTHLY HANDLING FEES
Upon approval of your application for the Cash Instalment Plan, we may
charge a monthly handling fee (if applicable) on the Withdrawal Amount. The
rate of the monthly handling fee is specified in the approval letter that we
send you upon approval of your application.
6. STAFF’S REMUNERATION
The remuneration for our sales staff is determined based on the staff’s
overall performance with reference to a wide range of factors, and is not
determined solely on his financial performance. Sales staff’s remuneration
is subject to review from time to time, for the purpose of encouraging the
building of deep, long-lasting and mutually valuable relationships with
customers.
7. VARIATION OF THESE TERMS AND CONDITIONS
We have the right to vary the monthly handling fee (if applicable) for the
Cash Instalment Plan and these Terms and Conditions from time to time. We
will give you prior notice in a manner we consider appropriate. You will be
bound by a variation unless we actually receive full payment of all
indebtedness owing by you under the Cash Instalment Plan before the date on
which that variation takes effect. We also have the right to terminate or
suspend (or both) the Cash Instalment Plan. We have the final decision on
all matters and disputes relating to the Cash Instalment Plan.
8. THIRD PARTY RIGHTS
No person other than you and us will have any right under the Contracts
(Rights of Third Parties) Ordinance to enforce or enjoy the benefit of any
of the provisions of these Terms and Conditions.
9. GOVERNING LAW, JURISDICTION AND VERSION
1. These Terms and Conditions are governed by and will be construed
according to Hong Kong laws.
2. You submit to the non-exclusive jurisdiction of the Hong Kong courts.
3. The English version of these Terms and Conditions prevails to the extent
of any inconsistency between the English and the Chinese versions. Any
Chinese version of these Terms and Conditions is for reference only.
Definitions
Cash Instalment Plan means the credit card cash instalment plan offered by us
from time to time.
Card means the credit card issued to you as a primary cardholder and approved by
us for the Cash Instalment Plan.
Card Account means the account established in respect of your Card for recording
Card transactions and other items.
Cardholder Agreement means the relevant credit card cardholder agreement
governing your Card.
Hong Kong means the Hong Kong Special Administrative Region of the People's
Republic of China.
Instalment Period means the period of the Cash Instalment Plan specified by you
on the application form and approved by us.
Repayment Amount is defined in Clause 2(b)(i).
we, us, our means The Hongkong and Shanghai Banking Corporation Limited and its
successors and assigns.
Withdrawal Amount is defined in Clause 2(a).
you or your means the person to whom we issue a Card.
Effective from 2 Dec 2019
Note: In case of discrepancies between the English and Chinese versions, the
English version shall apply and prevail.
To borrow or not to borrow? Borrow only if you can repay!
Issued by The Hongkong and Shanghai Banking Corporation Limited
I confirm that I have read and understood the Key Facts Statement and Terms &
Conditions.
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