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Happy couple is using mobile; image used for HSBC Malaysia Balance Conversion Plan page.

Balance Conversion Plan

Turn your HSBC credit card purchases into smaller flexible monthly instalments.

What is a Balance Conversion Plan?

A Balance Conversion Plan (BCP) lets you convert your credit card purchases into a monthly instalment plan at a more affordable rate. You can now apply for a BCP in the HSBC Malaysia Mobile Banking App too.

Benefits

  • Financial flexibility (instalments of up to 36 months)
  • Instant approval
  • Lower interest rate
  • No early termination fee

How to apply for a BCP

Apply in 3 easy steps:

  1. Log on to the HSBC Malaysia app.
  2. Select your credit card and then tap on "Balance Conversion Plan'.
  3. Key in an amount or select available transactions which you'd like to convert to an instalment.

How does a BCP credit card instalment plan work?

Below are the monthly instalments for selected tenure and amount at 7.88% p.a.

Balance conversion amount (RM)

7.88% p.a.*

6 months
12 months
24 months
36 months
500
86.62
44.95
24.12
17.17
3,000
519.70
269.70
144.70
103.03
5,000
866.17
449.50
241.17
171.72
15,000
2,598.50
1,348.50
723.50
515.17
Below are the monthly instalments for selected tenure and amount at 7.88% p.a.

Balance conversion amount (RM)

7.88% p.a.*

500
6 months
86.62
12 months
44.95
24 months
24.12
36 months
17.17

Balance conversion amount (RM)

7.88% p.a.*

3,000
6 months
519.70
12 months
269.70
24 months
144.70
36 months
103.03

Balance conversion amount (RM)

7.88% p.a.*

5,000
6 months
866.17
12 months
449.50
24 months
241.17
36 months
171.72

Balance conversion amount (RM)

7.88% p.a.*

15,000
6 months
2,598.50
12 months
1,348.50
24 months
723.50
36 months
515.17

Who's eligible for a BCP?

  • HSBC / HSBC Amanah principal credit cardholders.
  • Active primary credit card account holders with no overdue payments or overdrawn balances.
  • Credit card account holders with outstanding balances of RM500 and above.

Frequently Asked Questions

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Things you should know

Issued by HSBC Bank Malaysia Berhad Company No. 198401015221 (127776-V).

*The eligible amount for each Balance Conversion Plan ("BCP") is at a minimum of RM500 and a maximum of RM50,000. The Eligible Cardholder shall pay 100% of the BCP monthly instalment which is part of the Minimum Monthly Payment due on or before the payment due date. The interest rate offered is subject to HSBC's approval. The terms used herein are as defined in the HSBC Balance Conversion Plan Terms and Conditions.

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