Terms and Conditions 

1. Participation in the HSBC 0% Interest Instalment Payment Plan indicates that you accept these terms and conditions, which may be modified from time to time at the Bank's sole discretion.

Definitions 

1. Cardholder's Agreement - the HSBC Visa and MasterCard Cardholder Agreement, the HSBC Premier Terms and conditions and the General Terms & Conditions (as the case may be) governing the usage of a HSBC Credit Card.
   
2. Card Account - HSBC Credit Card Account.
   
3. Instalment - each instalment charged to the Card Account over the elected repayment period.
   
4. Purchase - any purchase of merchandise/services (which may be paid in Instalments) from the merchant.
   
5. Instalment Purchase Price - the full price of the merchandise/service(s) purchased.
   
6. Charge Slip - the form supplied by the Bank to the merchant for the purpose of charging the purchase of merchandise and/or services supplied by the merchant.
   
7. Statement - monthly statement issued by the Bank in respect of the Card Account.
   
8. Difference - the difference between the Instalment Purchase Price of the merchandise/services and the combined value of the Instalments in the event that the Instalment Purchase Price cannot be divided into equal monthly Instalments.
   
9. We, us, our, the Bank - The Hongkong and Shanghai Banking Corporation Limited.
   
10. You, your, Cardmember - the person, partnership or company who apply for the HSBC Interest-free Instalment Plan. If applicable, these words include Principal Credit Cardholder and Supplementary Credit Cardholder. 
    
     - Unless the context otherwise requires, words and expressions which are respectively defined or construed in the Cardholder's Agreement shall have the same meanings when used or referred herein.
    
    - Words importing the singular include the plural and vice versa.
    
    - Words referring to the masculine also refer to the feminine and neuter gender.
    
    - Reference to a person includes reference to a sole proprietor, partnership or company.
    
    - Reference to a Clause is to a clause of these terms and conditions.
    
    - The headings to the Clauses are for reference only and are not to be taken into consideration in the interpretation of these terms and conditions. 

1. HSBC's SmartPay PURCHASE MADE VIA HSBC CALL CENTRE

1. To activate the Instalment Plan, you are required to contact HSBC Call Centre at +673 2252252, identify the Instalment Purchase Price and select the Instalment Plan tenor. There are no forms to be filled.
   
2. The Instalment Purchase Price which may be converted to the Instalment Plan are those transactions which have been recorded in HSBC (posting) system, but not yet printed on the monthly billing statement to be sent to Cardholders.
   
3. You agree to pay the Instalment Purchase Price in Brunei Dollars. The Instalment Purchase Price shall be paid through periodic instalments, which shall be charged to your Card Account ("the Instalment plan").
   
4. The Bank shall accept the Instalment Plan for a minimum Instalment Purchase Price of BND500 for 6, 12, and 18-month tenors and BND3,000 for 24-month tenor unless otherwise stated in a specified promotion. The maximum Instalment Purchase Price for all tenors is BND5,000.
   
5. The amount applied for the Instalment Plan shall be the whole of Instalment Purchase Price. You may not seek to convert portions of Instalment Purchase Price to the Instalment Plan.
   
6. The Bank shall impose a service fee of 3% of the transaction amount or BND50 whichever is higher deducted immediately from the Cardholder's Card Account divided equally by the number of months of the elected Instalment Plan period until full payment is affected unless otherwise stated in a specified promotion.
   
7. The Instalment Plan tenors and the amount of each Instalment cannot be altered without the Bank's consent.
   
8. The Instalment Payment Plan is not applicable for purchases made under a temporary credit limit increase.
   
9. Administrative fees, annual fees, cash advances, billed transactions amount, balance transfer amounts and revolving balances cannot be placed on Instalment Plan.
   
10. You hereby irrevocably authorise the Bank: 
    
    a) to pay in full amount of the Instalment Purchase Price to the merchant; and 
    b) to charge periodically to your Card Account, the Instalments until the Instalment Purchase Price has been charged in full to the Card Account.
    
11. If the Instalment Purchase Price cannot be divided into equal monthly Instalments, you agree to pay the Difference together with the last Instalment.
    
12. Each Instalment shall be charged to the Card Account and will be treated in the same way as any other card transaction charged to the Card Account. The Instalment payable will be reflected in the Statement and shall be payable in accordance with the terms of the Cardholder's Agreement and the Instalment Plan. In particular, but without prejudice to the generality of the preceding sentence, interest(s) and late payment charges will be levied on any overdue Instalment as well as other overdue amounts in the Card Account in accordance with the terms of the Cardholder's Agreement. For the avoidance of doubt, the interest-free period for each Instalment will end once the respective Instalment is charged to the Card Account.
    
13. Upon processing the Instalment Plan, your available combined credit limit will be provisionally reduced by blocking out an amount equivalent to the Instalment Purchase Price, but will be progressively restored by the amount of each Instalment as each Instalment is paid and to the extent that actual payment is received by the bank.
    
14. Each Instalment will be posted to your Card Account every month, starting from the month of or after your Instalment Purchase. However, if the posting date falls on a Sunday or Public Holiday, the Instalment will be posted to your Card Account on the next working day.
    
15. The instalment purchase made by any Cardholder is subject to the credit approval by the Bank. The Bank reserves the right to decline any application for the Instalment Plan.

2. HSBC's SmartPay MADE AT SELECTED MERCHANT OUTLET

1. Upon signing the Charge Slip you agree to pay the Instalment Purchase Price in Brunei Dollars. The Instalment Purchase Price shall be paid through periodic instalments, which shall be charged to your Card Account ("the Instalment plan").
   
2. The Bank shall accept the Instalment Plan for a minimum Instalment Purchase Price of BND500 for 6,12 and 18-month tenors and BND3,000 for 24-month tenor unless otherwise stated in a specified promotion.
   
3. The Bank shall impose a service fee of 3% of the transaction amount or BND30, whichever is higher charged to cardholder's first month's instalment, unless otherwise stated in a specified promotion.
   
4. The Instalment Payment Plan is not applicable for purchases made under a temporary credit limit increase.
   
5. Upon signing the Charge Slip, you hereby irrevocably authorise the Bank: 
   
   a) to pay in full amount as stated on the signed Charge Slip the Instalment Purchase Price to the merchant; and
   b) to charge periodically to your Card Account, the Instalments in the amount as set out in the Charge Slip until the Instalment Purchase Price has been charged in full to the Card Account. If the Instalment Purchase Price cannot be divided into equal monthly Instalments, you agree to pay the Difference together with the last Instalment.  
   
6. Each Instalment shall be charged to the Card Account and will be treated in the same way as any other card transaction charged to the Card Account. The Instalment payable will be reflected in the Statement and shall be payable in accordance with the terms of the Cardholder's Agreement and the Instalment Plan. In particular, but without prejudice to the generality of the preceding sentence, interest(s) and late payment charges will be levied on any overdue Instalment as well as other overdue amounts in the Card Account in accordance with the terms of the Cardholder's Agreement. For the avoidance of doubt, the interest-free period for each Instalment will end once the respective Instalment is charged to the Card Account.
   
7. Upon processing the Charge Slip, your available combined credit limit will be provisionally reduced by blocking out an amount equivalent to the Instalment Purchase Price, but will be progressively restored by the amount of each Instalment as each Instalment is paid and to the extent that actual payment is received by the bank.
   
8. Each Instalment will be posted to your Card Account every month, starting from the month of or after your Instalment Purchase. However, if the posting date falls on a Sunday or Public Holiday, the Instalment will be posted to your Card Account on the next working day.
   
9. The instalment purchase made by any Cardholder is subject to the credit approval by the Bank. The Bank reserves the right to decline any application for the Instalment Plan.

3. APPLICABLE TERMS

1. This terms and conditions covers your Instalment Purchase and you will also continue to be bound by the terms and conditions of the Cardholder's Agreement and any other agreements that you have with the Bank.
   
2. In the event of inconsistency, this terms and conditions shall prevail in so far as it applies to the Instalment Purchase.

4. HSBC CREDIT CARDS

1. Notwithstanding anything contained in the Cardholder's Agreement, these terms and conditions or any other document, the Bank shall at all times have the right at its sole discretion to charge to the Card Account the Instalment Purchase Price if no Instalment has been charged to the Card Account and/or to charge any Instalments not previously charged to the Card Account in relation to the Instalment Purchase Price.
   
2. In particular, and without prejudice to the generality of Clause 3.1 and the rights of the Bank under the Cardholder's Agreement, the Bank may exercise its rights under Clause 3.1 if: 
   
   1) the Card Account is cancelled or terminated (or notice of cancellation or termination has been given)by the Cardholder or the Bank for any reason whatsoever; 
   2) the Cardholder defaults in the payment of any amounts due under the Cardholder's Agreement; 
   3) the Cardholder breaches any provision of the Cardholder's Agreement, this Agreement, or any other agreements between the Bank and the Cardholder; or
   4) the Cardholder is deceased, or bankruptcy petition is presented in relation to the Cardholder, or the Cardholder is unable to pay his debts as they fall due.
   
3. In the event of cancellation or termination of the Instalment Plan and/or the Card Account (prior to full and final settlement of the Instalment Purchase Price) for any reason whatsoever, you hereby agree to pay an administrative fee of BND150 in addition to making full and final settlement of the Instalment Purchase Price or the balance thereof. The administrative fees payable by you may be amended by the Bank from time to time and at its sole discretion by notification given by the Bank to you by any means or manner as the Bank may decide.
   
4. The Bank reserves the right and at its sole discretion not to approve the transfer of any Instalment Plan from one Card Account to another Card Account or another account with the Bank.

5. HSBC CREDIT CARDS

1. The computation and the rate of interest charges for any breach of the Instalment Plan for an Instalment Purchase made by using the HSBC Credit Card shall be as provided in the HSBC Cardholder's Agreement for credit card(s) and/or the Bank's General Tariff of Charges.

6. EXCLUSION OF LIABILITY

1. Without limiting the generality of the provisions of the Cardholder's Agreement and for the avoidance of doubt, the Bank will not be liable for any defective or damaged merchandise or any other dispute between you and the merchants relating to any Instalment Purchase. You hereby authorize us to continue to charge the Instalments to the Card Account in accordance with the Instalment Plan regardless of any such disputes.

7. GENERAL

1. You shall indemnify and keep us fully indemnified against any loss, damage, liability, cost and expense which the Bank may suffer or incur (including legal costs on an indemnity basis)arising out of or in connection with these terms and conditions, including but without limitation, the enforcement of these terms and conditions by the Bank.
   
2. You hereby give us your irrevocable consent to, at any time and without notice or liability disclose to any person as we may deem fit (including without limitation, any member of VISA International Service Inc and MasterCard International Inc and any of our branches (wheresoever situate), such information of or relating to you whenever we consider it in our interest to make such disclosure.
   
3. No forbearance or failure or delay by us in exercising any right, power or remedy is to be deemed to be a waiver or partial waiver on our part; and no waiver by us of any breach by you of these terms and conditions are to be treated as a waiver of any subsequent breach or of any other provision of these terms and conditions.
   
4. All request of the Instalment Plan made by supplementary cardholders, must be approved or with the consent of the primary Cardholders.
   
5. The Bank and/or the merchants reserve the right to decline any application for the Instalment Plan.
   
6. We may change these terms and conditions at any time and in such manner as we may decide with or without prior notice. We will inform you about any such changes by any means or manner as we may decide.
   
7. These terms and conditions shall be governed by the laws of Brunei Darussalam.
   
8. Use of the HSBC Credit Card is further subject to the related provisions in the General Terms and Conditions for Deposits/Facilities and the HSBC Visa and MasterCard Cardholder Agreement. In the event of inconsistency between the abovementioned provisions and the provisions set out here, the latter shall prevail.
   
9. In the event of any inconsistency between the provisions in the English version and the Bahasa Melayu version of these terms and conditions, the provisions in the English version shall prevail to the extent of such inconsistency.

8. GENERAL

1. All privileges will only be valid for the period stipulated by the Bank and/or for a specified number of months of the Instalment Plan.
   
2. The privileges may vary with different promotions or merchants.
   
3. The privileges will be applicable to all HSBC Credit Cards except HSBC corporate cards unless otherwise stated in a specified promotion.
   
4. We hereby reserve the right to withdraw all privileges in the event of any cancellation or termination of the Instalment Plan and/or the Card Account. For the avoidance of doubt, full repayment of the Instalment Purchase Price before the expiry of the Instalment Plan would be deemed as a termination of the Instalment Plan. Without prejudice to the rights of the Bank under the Cardholder's Agreement, we may exercise our rights to charge to your Card Account the value of all the privileges given to you (including any waiver of Instalment amounts or discounts given) upon our acceptance of the Instalment Plan (such value shall be as determined by the Bank in its sole discretion) and/or the difference between the retail price and the billed Instalments of the Instalment Purchases.