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Posted By admin On 16.09.19HSBC Bank (M) Berhad Terms and Conditions of Instalment Payment Plan IMPORTANT: Before you make any purchase of goods under the Instalment Plan, please read these Terms and Conditions carefully and make sure that you understand them well. You will be deemed to have accepted these Terms and Conditions when you make a purchase of Merchandise under the Instalment Plan. Definition. The following expressions shall have the following meanings in these Terms and Conditions, unless the context otherwise requires: 'Cardholder Agreement' means the Terms and Conditions governing the use of the Card issued by HSBC Bank Malaysia Berhad ('the Bank') and applicable to the Card Account under which the Cardholder makes an Instalment Purchase. 'Direct Debit Authorisation Form' means the attached authorisation in the Bank's prescribed form, duly completed by you and the Instalment Plan Merchant at the time of an Instalment Purchase for submission by the Instalment Plan Merchant to the Bank, whereby you agree to observe and be bound by these terms and Conditions (as may be amended from time to time) which are applicable to the Instalment Purchase. 'Instalment' means each Instalment amount charged to the Card Account on a monthly basis during the Instalment Period, as calculated in accordance with Clause 4. 'Instalment Period' in relation to an Instalment Purchase means, the period determined by the Bank in the Direct Debit Authorisation Form for payment by Instalments of the Instalment Purchase Amount.
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Symbian os nokia. 'Plan' means the Instalment Plan made available by the Bank to you as a credit card cardholder of the Bank to enable Instalment Purchases to be paid for wholly or partly by Instalments subject to these Terms and Conditions. 'Instalment Plan Merchant' means a merchant participating in the Plan, as designated by the Bank from time to time. 'Instalment Purchase' means any purchase of Merchandise by you from an Instalment Plan Merchant under the Plan. 'Instalment Purchase Amount means the whole or part of the Instalment Purchase (as specified in the Direct Debit Authorisation Form) that is to be paid by Instalments under the Plan.
'Merchandise' means goods and/or services which are the subject of an Instalment Purchase. Definitions of words and expressions in the Cardholder Agreement shall apply equally to these Instalment Plan Terms and Conditions, except where there is an express variation of a definition or a different meaning is assigned in these Instalment Plan Terms and Conditions for the purpose of the Plan. Applicable Terms. In relation to your participation in the Plan:. The Cardholder Agreement shall apply in conjunction with these Instalment Plan Terms and Conditions. In the event of any inconsistency between the Cardholder Terms and Conditions and these Instalment Plan Terms and Conditions, these Instalment Plan Terms and Conditions shall prevail in so far as they apply to the Plan.
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The minimum Instalment Purchase Amount to qualify for the Plan shall be RM1,000.00. The Instalment Purchase Amount shall be taken into account when computing your available credit limit. Your credit limit shall be reduced by the amount of Instalment Purchase Amount and shall be restored as each Instalment paid by you. Instalment Purchase. You shall produce your Card to the Instalment Plan Merchant when making an Instalment Purchase for verification of your status as a Cardholder.
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