HSBC Westside Classic Credit Card
24HSBC requires any clarifications, a request will be sent to theCardholder by secure E-mail through online@hsbc. In such cases,transactions will not be processed till a satisfactory response isreceived from the Cardholder.3. Balance Transfer on Internet is available only to Cardholders withmore than 3 months credit card relationship with HSBC as on thedate of application.4. All other terms and conditions as mentioned in the Credit CardServices Guide for Balance Transfer facility will be applicable unlessotherwise stated above.General Terms and Conditions for all Balance Transfers1. If the Cardholder closes his HSBC Westside Classic Credit Cardbefore all instalments have been posted, the outstanding amount willbe debited to the card account as one consolidated amount.2. Prepayment charges on foreclosure will apply at the rate of 3% on theoutstanding amount of the loan, subject to a minimum of Rs. 250.3. HSBC reserves the right to foreclose the loan and debit the entireoutstanding amount if the earlier payments are overdue.4. Payments made in excess of the Card outstanding will notautomatically be adjusted against un-billed EMIs and will hence notresult in prepayment of the Balance Transfer-on-EMI facility. Topre-close the Balance Transfer-on-EMI facility, the Cardholder shouldcontact HSBC PhoneBanking.5. Kindly note that according to the new payment hierarchy, yourpayments will first be apportioned to fees and charges, outstandingon BT, cash advances and purchase transactions in that order. So yourcash/purchase outstanding will remain unpaid so long as there is anoutstanding BT on your account.6. In case of Balance Transfer on EMI, the EMI instalments will betreated as purchase outstanding for the purpose of paymentapportionment. EMI payable towards BT-on-EMI will be set off firstbefore any payment is apportioned towards other outstanding.7. No request for change in card franchisee (VISA/MasterCard ® ) will beentertained during the entire loan period.8. No request for changes in the billing cycle shall be entertained duringthe entire loan period. The loan period is defined as the loan tenorselected by the Cardholder at the time of request.9. Nothing contained in this scheme shall be construed as an obligationon HSBC to continue the scheme after the scheme termination date.10. HSBC reserves the right at any time without previous notice to add,alter, modify, change or vary all or any of these Terms and Conditionsor to replace, wholly or in part, this scheme by another scheme,whether similar to this scheme or not, or to withdraw it altogether.11. The participants will not hold HSBC responsible for or liable for, anyactions, claims, demands, losses, damages, costs, charges, andexpenses that a participant may suffer, sustain or incur by way ofthis scheme.12. All existing guidelines/rules related to the Balance Transfer includingapproval of Balance Transfer will be applicable. In case of anycontradiction between these Terms & Conditions and the existing
25guidelines/rules, these Terms & Conditions shall prevail at all times.13. All and any disputes arising from the Balance Transfer-on-EMI facilityshall be subject to the exclusive jurisdiction of the courts of Mumbai.14. The terms of this offer shall be in addition to and not in derogation ofthe terms contained in the Cardholder Agreement. This offer is byway of a special facility for select Cardholders and nothing containedherein shall prejudice or affect the terms and conditions of theCardholder Agreement. The words and expressions used herein shallhave the same meaning as in the Cardholder Agreement.Loan on Phone1. This offer is brought to you by The Hongkong and Shanghai BankingCorporation Limited, India (HSBC) and any participation is voluntary.This offer is applicable to only a select HSBC Westside Classic CreditCardholders (hereinafter referred to as the “Cardholder”).2. Loan on Phone (LOP) is a facility by which the Cardholder can makepurchases on the HSBC Westside Classic Credit Card (hereinafterreferred to as “Credit Card”) and then convert the purchase amountinto instalments. The Cardholder can make the purchase at anymerchant establishment and post purchase get the transactionconverted into an LOP.3. Loan on Phone facility can be offered only within 15 calendar days ofthe purchase transaction to request for a Loan on Phone on thepurchase transaction.4. The value of the transaction should be greater than Rs. 2000 to beeligible for conversion to a Loan on Phone. Other debit transactionslike cash withdrawals and card fees will not be eligible for this facility.5. For Classic Credit Cardholders, the annual rate of interest chargedwill be 23.88% p.a. computed on monthly reducing balance. EquatedMonthly Instalment (EMI) per Rs 1000 will be Rs. 177 for a loantenure of 6 months, Rs. 93.1 for a loan tenure of 12 months, Rs. 65.2for a loan tenure of 18 months and Rs. 51.4 for a loan tenure of24 months.6. A 2% processing fee will be applicable subject to a minimum ofRs. 100. This will reflect along with the first Equated MonthlyInstalment (EMI) amount on the card statement.7. The loan will be offered for a maximum tenure of 24 months withslabs of 6, 12, 18 and 24 months.8. The Equated Monthly Instalment (EMI) amount will be billed tothe Credit Card every month on the same date as the firstinstalment date.9. Minimum Amount Due: The Loan on Phone EMI due for the monthis included as part of the minimum amount due appearing in theCardholder’s monthly statement. The minimum amount dueappearing on the Cardholder's monthly statement is calculated as apercentage of the total outstanding retail balance + Monthly EMI dueon Loan on Phone EMI. Non-payment of the entire total payment dueon the card by the payment due date will result in the levy ofstandard Credit Card interest rates on the balance outstanding. IfMinimum Amount Due (as defined above) is paid only, the standardCredit Card interest rates will be levied on the balance outstanding.However, if such partial payments do not cover the amount of EMIfor the month, the balance EMI would also be subject to standardfinance charge (including the late payment fee).