Interest Free Finance
Apply today for 12 months Interest-Free Finance Offer*
Why wait for the purchases you want? Ask a sales person how you can apply for interest-free finance with HSBC, so you can get whatever you want right now.
Applying is easy
Applying can take less than 15 minutes and be done right now, in store. In most cases you will be able to take your new purchase home today.
Existing HSBC Visa Credit Cardholders don’t need to re-apply – you can already take advantage of interest-free promotions at participating repairers/retailers.
HSBC's Visa Credit Card
When you apply for interest-free finance you will receive an HSBC Credit Card. You can use the card for additional interest-free purchases at participating retailers, plus everyday purchases like groceries and petrol. And with HSBC’s Rewards Plus Program you will earn Rewards Points for every dollar you spend!
Other great benefits include:
- Up to 45 days interest-free for everyday purchases
- Up to 12 months interest-free on all apliances or household repairs
- HSBC’s Rewards Plus Program**
- Low annual card fee
- Easy repayments at any HSBC branch, by mail, Bpay®, phone, direct debit, online or at Australia post
- No early repayment penalties
Frequently Asked Questions
How does interest-free work?
Interest-free means you will not have to pay any interest on the purchase amount financed during the promotional period (e.g. 6, 12, 24 months). You will be required to make minimum monthly payments of 3% or $20 (whichever is the greater) through the promotional period.
What does ‘interest-free payment deferred’ mean?
As well as having the advantage of not being charged any interest for the specific promotional period, you also do not need to make any repayments on that specific promotion for the deferred period (e.g. 6 months).
If I don’t pay out the total amount owing by the end of the promotional period, will the interest be backdated to the start of the promotion?
No, the Annual Percentage Rate (APR) will only be charged to the remaining promotional balance from the day after the promotion expires.
How often do I make repayments?
Repayments are monthly except for purchases made in any payment deferred promotion periods. Repayments for these purchases will commence from the expiry of
the payment deferred promotion. Any minimum payment and the due date will be shown on your monthly statement.
Are there any penalties for early repayments?
No, there are no penalties for early repayments.
What information do I need to apply?
In most cases we just need some identification. This will include one form of photo ID, such as a driver’s license or passport, and two other forms of ID, such as a Medicare card and a debit or credit card. You will also need to provide other details, such as income, debits and expenses.
Disclaimer:
*Credit provided by HSBC Bank Australia Limited ABN 48 006 434 162. Fees, charges, terms and conditions and lending criteria apply and are available on request. Interest Free Finance Periods apply only to approved promotional transactions for specified period. Balances outstanding at the end of the promotional period will form part of the normal account balance and will accrue interest at the cash advance rate currently 21.25% as at 01/10/2008).
Monthly repayments are required and calculated at 3% of the outstanding balance or $20, whichever is the higher.
**For further information and conditions on HSBC’s Rewards Plus Program, visit www.hsbc.com.au/rewardsplus