Balance Conversion Flexi Plan | Credit Cards

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Balance conversion

The HSBC Balance Conversion Flexi Plan lets you repay your card spending in easy, monthly instalments

For a nominal handling fee, the HSBC Balance Conversion Flexi Plan lets you settle any large credit card purchase in full, and then pay back the amount owing in equal monthly instalments over 6,12,18,24 or 36 Months.

Low interest rates
No processing fees
One-time handling fee
0% interest available for selected categories

Apply now

More about balance conversion plans

The HSBC Balance Conversion Flexi Plan is available on a wide range of transactions, including:

Payments to authorised dealers and autocare
Education costs
Insurance payments
Medical expenses
Airline and travel costs
E-commerce payments

Once you set up a balance conversion plan for a transaction, you can repay it over a 6,12 or 24 month instalment period.

HSBC Rewards will be awarded for the total transaction value.

Rates, fees and tenures

These are the terms for a balance conversion plan for a transaction of LKR 100,000.
Tenure	Total handling fee	Monthly capital instalment	Annual percentage rate (APR)
6 months	4% - LKR4,000	LKR17,333.33	13.6%
12 months	7% - LKR7,000	LKR8,916.67	12.68%
24 months	15% - LKR15,000	LKR4,791.66	13.8%
36 months	23.5% - LKR23,500	LKR 3430.555	14.26%

These are the terms for a balance conversion plan for a transaction of LKR 100,000.
Tenure	6 months
Total handling fee	4% - LKR4,000
Monthly capital instalment	LKR17,333.33
Annual percentage rate (APR)	13.6%

Tenure	12 months
Total handling fee	7% - LKR7,000
Monthly capital instalment	LKR8,916.67
Annual percentage rate (APR)	12.68%

Tenure	24 months
Total handling fee	15% - LKR15,000
Monthly capital instalment	LKR4,791.66
Annual percentage rate (APR)	13.8%

Tenure	36 months
Total handling fee	23.5% - LKR23,500
Monthly capital instalment	LKR 3430.555
Annual percentage rate (APR)	14.26%

1. Pay with your credit card

Buy goods or services as normal with your HSBC credit card.

2. Apply online

After your purchase, fill in the Balance Conversion Flexi Plan application form online.

3. Check the details carefully

Make sure you enter the exact transaction value and date on the form.

4. Submit the form

When you're happy the details are correct, submit your form and we'll set up your Flexi plan.

Things to know

Who can apply?

You must be an existing HSBC credit cardholder
You must meet other eligibility criteria explained in the terms and conditions.

This scheme is offered to HSBC credit cardholders, for their locally issued credit cards (excluding corporate credit cards)
A transaction can be converted to the Balance Conversion Flexi Plan only within 30 days from the transaction purchase date
The minimum transaction value shall be LKR50,000 and the maximum transaction value shall be LKR600,000
The minimum payment due shall be:

a. the 100% of the monthly instalment amount for each of cash instalment plans and spend instalment plans, if any; together with;

b. 100% of any interest, late fees, and over limit fees charged to your card account if any together with:

c. 1/12th of card annual fees; if any together with:

d. 1% of your remaining outstanding balance (i.e. your total outstanding balance less the amounts set out under the previous three bullet points); if any together with:

e. the excess amount above your credit limit, if your card account is over limit, or LKR500, whichever is greater. However, if your total card outstanding balance is less than LKR500, your minimum payment amount shall be your total outstanding card balance.

The corresponding amount equivalent of the card Balance Conversion Flexi Plan amount and the total handling fee shall be blocked from the credit card limit
The transaction will be payable during the tenor of the plan instalment period along with a nominal handling fee decided by the Bank
HSBC Rewards will be awarded for the total transaction value
If the cardholder wishes to settle the Balance Conversion Flexi Plan before the due period, the cardholder should inform HSBC in writing of their intention to close the Balance Conversion Flexi Plan on the card account. In the event of an early settlement, a 4% early settlement fee shall be applicable from the remaining Balance Conversion Flexi Plan capital outstanding amount
Standard credit card terms and conditions shall apply
These terms and conditions shall be governed by the laws of Sri Lanka
To find out your eligibility, please call 0114 4722 00

What you'll need to apply

To complete the balance conversion application form, you'll need to have these things to hand:

Correct credit card number
Exact transaction value
Exact date of the transaction

Apply for a balance conversion today

Once you've made an eligible purchase on your HSBC credit card, fill in the online application form to request a balance conversion plan for it.

Apply now

Card Instalment Plan

Making a big purchase on your credit card? Settle the debt, then pay it back in equal monthly instalments.

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Balance Conversion Plan