Spend Instalment on Mobile App | Mobile Banking

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Spend Instalment on Mobile Banking App

Enjoy greater convenience and financial flexibility with the HSBC Spend Instalment. Whether you use your HSBC Credit Card to invest in your childrens' education, buy the hottest gadgets, upgrade your household appliances or take a relaxing trip, now it's easy to break up your big purchases into affordable payments using the HSBC Vietnam app.

Benefits

Flexible repayment periods (up to 36 months)
Instant approval through the HSBC Vietnam app, no supporting documents required
0% interest rate (up to 12 month tenor)

Low conversion fee
Convert multiple transactions in one Spend Instalment

Works with all HSBC Credit Cards: Visa Classic Credit Card, Visa Cash Back Credit Card, Visa Platinum Credit Card, HSBC Premier Mastercard Credit Card

How it works

Shop with your HSBC Credit Card and convert the bill into equal monthly repayments.

You can choose the repayment tenor – up to 12 months with 0% interest and a preferential one-time conversion fee
Instalment Period (months)	HSBC Visa Classic Credit Card Installment conversion	Other card types* Installment conversion fee (**) (Group 1)	Other card types* Installment conversion fee (**) (Group 2)
3	1.99%	1.99%	2.99%
6	4.49%	4.49%	5.49%
9	5.49%	5.49%	6.49%
12	6.49%	6.49%	7.49%

You can choose the repayment tenor – up to 12 months with 0% interest and a preferential one-time conversion fee
Instalment Period (months)	3
HSBC Visa Classic Credit Card Installment conversion	1.99%
Other card types* Installment conversion fee (**) (Group 1)	1.99%
Other card types* Installment conversion fee (**) (Group 2)	2.99%

Instalment Period (months)	6
HSBC Visa Classic Credit Card Installment conversion	4.49%
Other card types* Installment conversion fee (**) (Group 1)	4.49%
Other card types* Installment conversion fee (**) (Group 2)	5.49%

Instalment Period (months)	9
HSBC Visa Classic Credit Card Installment conversion	5.49%
Other card types* Installment conversion fee (**) (Group 1)	5.49%
Other card types* Installment conversion fee (**) (Group 2)	6.49%

Instalment Period (months)	12
HSBC Visa Classic Credit Card Installment conversion	6.49%
Other card types* Installment conversion fee (**) (Group 1)	6.49%
Other card types* Installment conversion fee (**) (Group 2)	7.49%

You also can choose the repayment time with longer tenor 24 months or 36 months with a preferential one-time conversion fee and monthly interest
Instalment Period (months)	HSBC Visa Credit Card - Installment conversion	HSBC Visa Credit Card - Monthly interest (***)	Other card types() Installment conversion fee (*) (Group 1)	Other card types() Monthly Interest (**) (Group 1)	Other card types() Installment conversion fee (*) (Group 2)	Other card types() Monthly Interest (**) (Group 2)
24	6.49%	0.5%	6.49%	0.75%	6.99%	0.75%
36	6.49%	0.5%	6.49%	0.75%	6.99%	0.75%

You also can choose the repayment time with longer tenor 24 months or 36 months with a preferential one-time conversion fee and monthly interest
Instalment Period (months)	24
HSBC Visa Credit Card - Installment conversion	6.49%
HSBC Visa Credit Card - Monthly interest (***)	0.5%
Other card types() Installment conversion fee (*) (Group 1)	6.49%
Other card types() Monthly Interest (**) (Group 1)	0.75%
Other card types() Installment conversion fee (*) (Group 2)	6.99%
Other card types() Monthly Interest (**) (Group 2)	0.75%

Instalment Period (months)	36
HSBC Visa Credit Card - Installment conversion	6.49%
HSBC Visa Credit Card - Monthly interest (***)	0.5%
Other card types() Installment conversion fee (*) (Group 1)	6.49%
Other card types() Monthly Interest (**) (Group 1)	0.75%
Other card types() Installment conversion fee (*) (Group 2)	6.99%
Other card types() Monthly Interest (**) (Group 2)	0.75%

(*) Other card types includes HSBC Visa Cash Back Credit Card, HSBC Visa Platinum Credit Card, HSBC Premier Mastercard® Credi Card®

(**) The installment conversion fee is applicable for each customer group as defined below:

- Group 1: Customers who have their credit cards opened more than 3 months, register for an installment plan via HSBC Vietnam Mobile App and have settled full monthly payment in the last 6 months.

- Group 2: Other customers who register for an installment plan via HSBC Vietnam Mobile App that not classified in Group 1.

(***) Monthly Interest is calculated monthly as a percentage of the original Instalment amount until the instalment period ends.

**For example:**

Customer A opened an HSBC Platinum credit card on 01 December 2021 and from the card opened date, he always settled full payment for the monthly statements. Customer A used the HSBC Platinum credit card to make 02 purchases on 01 April 2022 with transaction value of VND 2,500,000 and VND 3,000,000. Customer A has a demand to convert into installment plan for the total amount of VND 5,5000,000.

- The conversion fee applied for Customer A will follow the tariff in Group 1 upon the tenor of 3 or 6 or 9 or 12 months respectively. An illustration for monthly installment amount is showed as below table:
Instalment tenor	Total Instalment amount (VND)	Installment conversion fee by %	Installment conversion fee by amount (VND)	Monthly instalment amount (VND)
3 months	5,500,000	1.49%	81,950	1,833,333.33
6 months	5,500,000	3.49%	191,950	916,666.67
9 months	5,500,000	4.49%	246,950	611,111.11
12 months	5,500,000	5.49%	301,950	458,333.33

**For example:**

Customer A opened an HSBC Platinum credit card on 01 December 2021 and from the card opened date, he always settled full payment for the monthly statements. Customer A used the HSBC Platinum credit card to make 02 purchases on 01 April 2022 with transaction value of VND 2,500,000 and VND 3,000,000. Customer A has a demand to convert into installment plan for the total amount of VND 5,5000,000.

- The conversion fee applied for Customer A will follow the tariff in Group 1 upon the tenor of 3 or 6 or 9 or 12 months respectively. An illustration for monthly installment amount is showed as below table:
Instalment tenor	3 months
Total Instalment amount (VND)	5,500,000
Installment conversion fee by %	1.49%
Installment conversion fee by amount (VND)	81,950
Monthly instalment amount (VND)	1,833,333.33

Instalment tenor	6 months
Total Instalment amount (VND)	5,500,000
Installment conversion fee by %	3.49%
Installment conversion fee by amount (VND)	191,950
Monthly instalment amount (VND)	916,666.67

Instalment tenor	9 months
Total Instalment amount (VND)	5,500,000
Installment conversion fee by %	4.49%
Installment conversion fee by amount (VND)	246,950
Monthly instalment amount (VND)	611,111.11

Instalment tenor	12 months
Total Instalment amount (VND)	5,500,000
Installment conversion fee by %	5.49%
Installment conversion fee by amount (VND)	301,950
Monthly instalment amount (VND)	458,333.33

- The conversion fee and monthly interest for Customer A will follow the tariff in Group 1 upon the tenor 24 or 36 months.
Instalment tenor (months)	Total Instalment amount (VND)	One-off conversion fee by %	One-off conversion fee by (VND)	Monthly Interest (VND)	Monthly Instalment amount including monthly interest (VND)
24	5,500,000	6.49%	356,900	41,250	270,416.67
36	5,500,000	6.49%	356,900	41.250	194,027.78

- The conversion fee and monthly interest for Customer A will follow the tariff in Group 1 upon the tenor 24 or 36 months.
Instalment tenor (months)	24
Total Instalment amount (VND)	5,500,000
One-off conversion fee by %	6.49%
One-off conversion fee by (VND)	356,900
Monthly Interest (VND)	41,250
Monthly Instalment amount including monthly interest (VND)	270,416.67

Instalment tenor (months)	36
Total Instalment amount (VND)	5,500,000
One-off conversion fee by %	6.49%
One-off conversion fee by (VND)	356,900
Monthly Interest (VND)	41.250
Monthly Instalment amount including monthly interest (VND)	194,027.78

How to apply for our Spend Instalment

Log on to your HSBC Vietnam app and select your credit card account
Tap "Spend Instalment"
Select which transactions you want to convert and your repayment plan
Review and submit the application

Need more help? Watch our video to see how easy it is.

Download transcript (PDF, 272KB) download spend instalment video transcript This link will open in a new window

1. What is the Spend Instalment?

The Spend Instalment lets you convert your HSBC Credit Card purchases to equal monthly instalments.

2. Who is eligible for the Spend Instalment?

The Spend Instalment is open to primary HSBC Credit Cardholders. If you are a primary HSBC Credit Cardholder, you can also apply for an instalment plan for transactions made with the supplementary cards on your account.

3. What is the eligibility criteria for the Spend Instalment?

You are eligible if you're the primary cardholder and your account:

is not past due, over limit or blocked/closed
has eligible transactions of VND2,000,000 or above
Eligible transactions are defined as retail purchases (local and overseas) that are on your latest HSBC Credit Card statement, or retail purchases that are on the HSBC system but not yet billed to your statement.
Transactions that are not eligible include cash advances, outstanding balances from other instalment plans, any fees or finance charges, and applicable taxes, if any.

4. Can I select multiple transactions to convert into one plan?

Yes, you can select up to 10 transactions for each instalment plan.

5. What is the minimum amount to convert into a Spend Instalment?

You must convert at least VND2,000,000 of retail purchases in a single receipt.

6. How long does it take to process a Spend Instalment application submitted via the HSBC Vietnam app?

Your application will be processed immediately and will be displayed within the next 2 working days.