KUALA LUMPUR: HSBC Malaysia launched Visa Instalments, a new credit option to establish fixed repayment terms for select purchases over a set period of time. In a statement on Monday, HSBC said the plan is to meet customers’ needs for instalment plans at the point of sale on eCommerce platforms. “HSBC Visa cardholders can now instantly select to pay for their purchases in equal instalments at participating merchant websites. HSBC cardholders will also be able to access Visa Instalments on international merchants’ eCommerce platforms by 2022. All instalment plans selected for the purchase amount within an eligible HSBC customers’ total credit limit will be approved automatically, with no new credit checks or additional lending required.
