Cash-on-EMI Terms and Conditions 1. The Cash-on-EMI facility is brought to you by The Hongkong and Shanghai Banking Corporation Limited, India (HSBC) and any participation is voluntary. This offer is applicable to only selected HSBC Credit Cardholders (hereinafter referred to as the ‘Cardholder’). 2. The Cash-on-EMI facility allows the Cardholder to avail of the cash advance facility on his/her HSBC Credit Card (Card) and repay the same in Equated Monthly Instalments (EMI's). This facility will be available till further notice. Availing/use of the Cash-on-EMI facility will be deemed to be unconditional acceptance of the terms and conditions and the Cardholder will be bound by the same. 3. The Cash-on-EMI amount will be provided in the form of an Indian Rupee Cashier Order issued by debit to the Cardholder’s account. The Cashier Orders under this facility will be issued in favour of the Cardholder only. 4. Cashier Orders issued for Cash-on-EMI are valid for the period mentioned on the Cashier Order. If the Cashier Order issued, is not presented for encashment within the said period, the same will be cancelled. 5. Cardholders also have an option to receive the Cash-on-EMI amount credit to their resident savings/current account with HSBC. In such cases, the recipient account should belong to the Cardholder as a Resident Individual or Resident Joint (either or survivor) account. It is the sole responsibility of the Cardholder to provide an accurate and valid HSBC account number accordingly. 6. It is stipulated that Cash-on-EMI processed through NEFT cannot be reversed once the request has been processed and the amount has been credited to the other bank account by use of this facility. The Cardholder using NEFT facility accordingly confirms and agrees to this condition while opting for and choosing NEFT facility for availing of benefits. 7. If the NEFT request is rejected for any reason, HSBC will arrange to send the facility in the form of a Cashier Order in Indian Rupees and the same will be dispatched to the Cardholder’s mailing address on record. HSBC shall not be liable for any direct or consequential loss or damage suffered by the Cardholder on account of any delay in receipt of the Cashier Order by the Cardholder. 8. The proceeds of the Cash-on-EMI facility cannot, however, be used for the purpose of investment in equity shares, convertible bonds and debentures and units of equity oriented mutual funds. 9. The amount of cash advance disbursed will be at the sole discretion of HSBC. The minimum amount eligible for the Cash-on-EMI facility will be 5,000. 10. The Cash-on-EMI tenure applicable to your loan is mentioned on the payment advise sent with the Cashier Order or on the e-mail/SMS sent in case of NEFT transfer. 11. A processing fee, subject to minimum of 200 will be applicable on the amount of each cash advance transaction availed under the Cash-on-EMI facility. The applicable processing fees will be communicated at the time of availing the facility and the same will reflect along with the first EMI amount on the card statement. The annual rate of interest applicable to your loan is mentioned on the payment advise sent with the cashier order or the e-mail/SMS sent in case of NEFT. 12. Prepayment charges on foreclosure of the loan will apply at the rate of 3% on the outstanding principal amount of the loan, subject to a minimum of 250. 13. The maximum amount that can be offered is up to 90% of the credit limit on the Cardholder’s HSBC Credit Card subject to available balance as on the date of approval of the Cardholder’s application. If the outstanding balance on the HSBC Credit Card exceeds 90% of the credit limit on the date of acceptance by HSBC, HSBC will not be able to process the request and the same will be intimated to the customer. 14. The credit limit on the Card account will be reduced to the extent of the principal amount of the Cash-on-EMI availed including applicable charges and Service Tax. The limit will be released as and when EMIs are billed and paid for in the subsequent months. 15. The first EMI will be reflected in the Card statement generated on the subsequent billing date. The subsequent EMI amount will be billed to the Card account every month on the same date as the first EMI date. 16. Minimum Amount Due: The Cash-on-EMI due for the month is included as part of the minimum amount due appearing in the Cardholder’s monthly statement. The minimum amount due appearing on the Cardholder’s monthly statement is calculated as a percentage of the total outstanding retail balance plus any other EMI due plus monthly EMI due on Cash-on-EMI. 17. Non-payment of the entire total payment due on the Card by the payment due date will result in the levy of standard credit card interest rates on the balance outstanding. If only the minimum amount due (as defined above) is paid, the standard credit card interest rates will be levied on the balance outstanding. However, if such partial payments do not cover the amount of EMI for the month, standard finance charges (including late payment fee) will also be levied. As an illustration: 12-month cash advance availed of under Cash-on-EMI facility = 10,750 Cash-on-EMI instalment for the month = 1,000 Other outstanding balances = 2,000 Total payment due for the month = 3,000 Minimum payment due = (5% x 2,000) + 1,000 = 1,100 Scenario I: Amount paid = 1,200 Amount outstanding = Total payment due – Amount paid = 1,800 Finance charges at the applicable rate will apply on 1,800 in the next billing cycle.   Scenario II: Amount paid = 3,000 Amount Outstanding - 0 No finance charges will apply. 18. Any payment made in excess of the Total Payment Due will only be adjusted to the future purchase outstanding in accordance to the ' payment hierarchy' as defined herein. In case there is no purchase outstanding, the payment made in excess of the Total Payment Due will be adjusted in accordance with the 'payment hierarchy', (EMI, Cash advances, Purchase outstanding and Balance Transfer in descending order of interest rates). 19. To preclose the Cash-on-EMI facility, the cardholder should call HSBC PhoneBanking 20. Kindly note that according to the new payment hierarchy effective 5 August 2013, payments made by you towards the credit card outstanding will first be settled in the order minimum payment due, first by the following ‘plans’ i.e. EMI, cash advances, purchase outstanding and Balance Transfer in descending order of interest rates, and within a given ‘plan’, the payment will be allocated in a predefined order of (1) Service charges, (2) Interest/Finance charges, (3) Late payment charges, (4) Annual fee, (5) Overlimit fee, (6) Instalment handling fee, (7) Instalment processing fee, (8) Return cheque charges, (9) Insurance premium and (10) Purchase principal. 21. If the Cardholder defaults on payment of any of the EMIs, HSBC reserves the right to foreclose the Cash-on-EMI outstanding and debit the entire outstanding amount. 22. Payments made in excess of the Card outstanding will not automatically be adjusted against unbilled EMIs and will hence not result in prepayment of the Cash-on-EMI facility. To pre-close the Cash-on-EMI facility, the Cardholders should contact HSBC PhoneBanking. 23. If the Cardholder closes his Card before all applicable EMIs are posted to the Card account, the outstanding Cash-on-EMI amount will be debited to the Card account as one consolidated amount. 24. Requests for change in Card franchisee (Visa/MasterCard®) shall not be entertained during the tenure of the Cash-on-EMI facility. 25. No request for changes in the billing cycle shall be entertained during the tenure of the Cash-on-EMI facility. 26. HSBC reserves the absolute right to add, alter, modify, change or vary all or any of these terms and conditions or to replace, wholly or in part, this scheme by another scheme, whether similar to this scheme or not, or to withdraw it altogether, at anytime without any prior notice. HSBC may at its discretion discontinue the Cash-on-EMI facility at anytime during the pendency of the facility, foreclose the loan and debit the entire outstanding amount to the credit card. 27. Please note that this loan issued on your credit card cannot be used for business purposes, and/or purchase of gold/gold bullions/gold coins/gold jewellery/gold exchange traded funds/gold mutual funds and for speculative or trading purposes such as shares and short-term investments like KVP (Kisan Vikas Patra), PPF (Public Provident Fund), NSC (National Savings Certificate), Mutual Funds, Fixed Deposits, RBI bond, ULIP (Unit-Linked Insurance Plan). 28. HSBC will not be responsible or liable for any direct or indirect loss, damage, actions, claims, demands, costs, charges, and expenses whatsoever that may be suffered, as a result of participating in the offer. 29. All disputes arising from the Cash-on-EMI facility shall be subject to the exclusive jurisdiction of the courts of Mumbai. 30. The terms of this offer shall be in addition to and not in derogation of the terms contained in the Cardholder's agreement. This offer is by way of a special facility for select Cardholders and nothing contained herein shall prejudice or affect the terms and conditions of the Cardholder's agreement. The words and expressions used herein shall have the same meaning as in the Cardholder's agreement. 31. Please note that basis Goods Service Tax (GST) regulations and notified GST rates, Central GST and State/Union Territory GST or Inter-State GST, as applicable, would apply on our fees and charges with effect from 01 July 2017. 32. By participating in this offer, the Cardholders shall be deemed to have accepted all the terms and conditions in totality.

	Issued by The Hongkong and Shanghai Banking Corporation Limited, India. Incorporated in Hong Kong SAR with limited liability. Privacy and Security | Terms of use | Hyperlink Policy © Copyright 2018. The Hongkong and Shanghai Banking Corporation Limited, India. Incorporated in Hong Kong SAR with limited liability. All rights reserved.