Personal Financial Services > Cards > Current Promotion Hang Seng Credit Card offers you exceptional financial management flexibility. With Interest-free Cash Instalment Plan, you can turn your credit limit into cash for realising your personal plans and repay at ease in up to 36 months, while enjoying a host of benefits: Assume the cash withdrawal amount is $10,000, with a 0.39% personalised monthly handling fee and a 24-month repayment period.   Monthly repayment amount = ( Cash withdrawn ÷ No. of Instalment ) + Monthly handling fee = ( HKD10,000 ÷ 24 ) + ( HKD10,000 x 0.39% ) = HKD455.67   Remarks: (1) No finance charge will be charged to customers who make full payment of the credit card statement balance. For customers who choose to make partial payment of the credit card statement balance, customer shall pay a finance charge on any monthly instalment amount due but unpaid at the prevailing interest rate of customers' credit card account. (2) The 0.39% monthly handling fee is applicable for selected customers and is for reference only. Hang Seng Bank has full discretion in determining the handling fee from time to time according to different promotion. Terms & Conditions for Interest-free Cash Instalment Plan 1 Only Hang Seng credit card principal cardmember ("Cardmember") is allowed to apply for the Cash Instalment Plan ("Instalment Plan"). 2 Upon approval of the Cardmember's application for the Instalment Plan: a) Hang Seng Bank Limited ("Hang Seng") will hold the credit limit of the Cardmember's Hang Seng credit card account specified in the Instalment Plan Application Form ("Credit Card Account") with an amount equivalent to the Instalment Plan amount and the total handling fee as Hang Seng may from time to time prescribe until the last instalment amount is settled. b) Hang Seng will debit the Instalment Plan amount and the total handling fee from the Credit Card Account by 6, 12, 18, 24 or 36 consecutive monthly instalments. The first instalment amount will be debited from the Credit Card Account immediately or on the date that Hang Seng may prescribe at its discretion. c) Hang Seng will proportionally reduce the hold amount from the credit limit of the Credit Card Account every month after Hang Seng successfully debits the Credit Card Account with the instalment amount due. d) ) Hang Seng will once-and-for-all credit the approved Instalment Plan amount to the designated Hong Kong Dollar current or saving account which is in the Cardmember's sole name and specified by the Cardmember in the Instalment Plan Application Form. The fund-receiving bank may charge a handling fee from the above designated account (except for accounts with Hang Seng). 3 In case the Cardmember requests (i) to cancel or amend the application for the Instalment Plan ; or (ii) make prepayment in partial or full settlement of the outstanding balance of the Instalment Plan, Hang Seng will charge a handling fee of HKD300 each time and will debit it from the Credit Card Account. 4 Approval of the Instalment Plan amount is subject to the account condition of the Credit Card Account. Hang Seng may increase Cardmembers’ credit limit depending on the amount applied for. 5 Hang Seng will not accept the following Instalment Plan application: a) The Instalment Plan amount under the application hereof falls below HKD3,000; or b) The Credit Card Account is in overdue status. 6 Hang Seng has the right to approve or reject any application hereof without giving any reason therefore. 7 The annualised percentage rate of 0.39% monthly handling fee calculated based on the requirement of the Code of Banking Practice as follows: 8.28% for 6 months, 8.87% for 12 months, 9.04% for 18 months, 9.10% for 24months, 9.10% for 36 months. Hang Seng shall be entitled to charge a handling fee for each monthly instalment at such rate(s) as Hang Seng may from time to time prescribe at its discretion. The handling fee is to be determined by Hang Seng from time to time for individual promotion. 8 No finance charge is payable by the Cardmember under the Instalment Plan. Notwithstanding the foregoing, if the Cardmember fails to make full repayment of the statement balance specified in the Credit Card Account statement on or before the payment due date, the Cardmember shall pay finance charge on all outstanding balance on the Credit Card Account pursuant to the relevant Hang Seng Credit Card Cardmember Agreement governing the use of the Credit Card Account ("Cardmember Agreement"). The Cardmember shall pay a finance charge on any monthly instalment amount due but unpaid at the prevailing interest rate of the Credit Card Account. 9 Hang Seng reserves the right to revise the above-mentioned finance charge and the handling fee from time to time. The exact handling fee charged to the Cardmember is the current published rate determined by Hang Seng upon application received. Notwithstanding the other provisions in these Terms and Conditions, Hang Seng shall be entitled at any time with notice to the Cardmember (a) suspend or terminate the Instalment Plan; and/or (b) revise or add further provisions to these Terms and Conditions. 10 It will take three working days to process the application. If consideration of increasing credit limit is required due to insufficient available credit limit, it will take seven working days to process the application. Cardmember will be notified of the result by separate post. 11 Hang Seng reserves the right to cancel or terminate Instalment Plan at any time (including but not limited to below conditions) with reasonable notice and demand Cardmember to repay all outstanding of Instalment Plan immediately (i.e. all unpaid outstanding principle, handling fee and other charges of the Instalment Plan) : (i) Cardmember breaches any of this Terms and Conditions or Cardmember Agreement; (ii) Credit Card Account is delinquent or Cardmember fails to repay debt upon demand by Hang Seng; (iii) Credit Card Account or Instamlent Plan is cancelled by Cardmember or terminated by Hang Seng, or on the Cardmember’s bankruptcy or death. Notwithstanding any reasons, upon termination of the Credit Card Account or Instalment Plan, all outstanding of the instalment plan will become due and payable immediately and will be automatically debited from the Credit Card Account. 12 These Terms and Conditions shall form part of the Hang Seng Credit Card Cardmember Agreement and shall be construed accordingly. In case of any inconsistency between these Terms and Conditions and the Cardmember Agreement, these Terms and Conditions shall prevail. 13 These Terms and Conditions shall be governed and construed in accordance with the laws of the Hong Kong Special Administrative Region. 14 In case of any inconsistency between the English version and the Chinese version of these Terms and Conditions, the English version shall prevail.