Card Spend Instalment Plan | Credit Cards

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Spend Instalment

Enjoy Spend Instalment and get extra Cashback

HSBC Spend Instalment helps you manage your finances by dividing your purchases into smaller instalments. Best of all, you can use it on a wide range of transactions including:

Downpayment on a car
Online shopping

Electronic gadgets
Air tickets

How it works

Here's an example of how HSBC Spend Instalment works:

Purchase a new laptop for S$1,800 with your HSBC credit card

Instalment period

One-time processing fee

Monthly instalment

12 months

S$90

(based on 5% transaction amount)

S$150

Purchase a new laptop for S$1,800 with your HSBC credit card

Instalment period

12 months

One-time processing fee

S$90

(based on 5% transaction amount)

Monthly instalment

S$150

Opt for any of our instalment payment periods available with a low one-time processing fee
Instalment Period	3 months	6 months	12 months
Processing fee	3%	3%	5%

Opt for any of our instalment payment periods available with a low one-time processing fee
Instalment Period	Processing fee
3 months	3%
6 months	3%
12 months	5%

Note: If you have an existing GIRO (General Interbank Recurring Order) arrangement, the deduction will be processed based on your Statement Account balance. If the transaction which is the subject of your Spend Instalment application has already been captured in your statement, the instalment will only be reflected in the next statement cycle. Where applicable, your account may, in the next statement cycle, appear in credit balance (being the reversal of the full amount of the transaction less the instalment amount).

Apply by app

Logon to the HSBC Singapore app and create your instalment in a few simple steps.

If you don't already have the app, you can download the app and start using it straightaway.

Download on the App Store for HSBC singapore app This link will open in a new window

Get it on Google Play for HSBC singapore app This link will open in a new window

Apply by SMS

Simply SMS INST to 74722.

An HSBC customer service officer will then contact you on your application within 3 working days.

Apply by phone

Frequently Asked Questions

The Programme ‘Balance Conversion’ is being renamed to ‘Spend Instalment’. This is with effect from 18 September 2019. Other changes to the Programme include:

The promotional processing fee waiver for HSBC Advance and Revolution credit cardholders will cease.
Up to a maximum of 6 instalment plans to be placed at any one time (previously was capped at 5 instalment plans).
For application through the HSBC Singapore App: You can combine up to 10 transactions in an instalment plan, with each transaction of at least S$200. The aggregated instalment plan amount remains at least S$500.
For application through the other channels: A minimum amount of S$500 in a single transaction is required to be placed on the Programme, and you won’t be able to combine transactions into one instalment plan.

Spend Instalment helps to split your retail purchases (including shopping, travel, education, etc.) into interest-free instalments at a low one-time processing fee.

It can be applied for transactions charged locally or overseas, across a wide variety of category (e.g. shopping, travel, education, etc.) Transactions needs to be reflected in your latest HSBC credit card statement or posted by merchant but unbilled.

A processing fee of up to 5% of the instalment amount will be imposed once the application is approved. Refer to the table for the breakdown of the processing fees across the 3 tenures:
Instalment period	3 months	6 months	12 months
Processing fee	3%	3%	5%

A processing fee of up to 5% of the instalment amount will be imposed once the application is approved. Refer to the table for the breakdown of the processing fees across the 3 tenures:
Instalment period	Processing fee
3 months	3%
6 months	3%
12 months	5%

For monthly instalments which are billed to your account from 8 March 2022 onwards, 100% of the monthly instalment will be included in your minimum payment calculation.

If you are making full payment for your statement balance, there is no significant impact with this change.

Read full FAQ about spend-instalment

Things to note

Upon approval, you will be notified on the flexible monthly instalments.

Terms and Conditions relating to HSBC Spend Instalment (effective from 31 March 2025) (PDF, 205KB)

HSBC Spend Instalment Cashback Promotion T&C Q2-25(PDF, 173KB)

HSBC Spend Instalment Cashback Promotion T&C 4-16 June 2025 Flash Sale (PDF,174KB)

Spend Instalment

Enjoy Spend Instalment and get extra Cashback

How it works

Apply by app

Apply by SMS

Apply by phone

Frequently Asked Questions

What are the differences between Balance Conversion and Spend Instalment and the various application channels?

How does Spend Instalment work?

What is the processing fee structure?

If I have an existing Spend Instalment Plan, how will it change my minimum payment due?

Things to note

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