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
New to online banking?
Download and apply via HSBC Malaysia app
How to apply for a BCP
Apply in 3 easy steps:
- Log on to the HSBC Malaysia app.
- Select your credit card and then tap on "Balance Conversion Plan'.
- Key in an amount or select available transactions which you'd like to convert to an instalment.
Here's the step by step guide for BCP conversion via the HSBC Malaysia app.
How does a BCP credit card instalment plan work?
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 |
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.