HBL PhoneBanking at 111-111-425 Installment Plan …

1 For further information please contact HBL PhoneBanking at 111-111-425 or visit Installment plan 28. HBL Installment plan terms not defined herein shall have the same meaning ascribed to them in the Definitions Terms and Conditions. HBL Installment plan (HIP) means any retail transaction(s), balance transfer General from other Credit Cards, Pay Order, The purpose of the Installment plan is to product or services offered to the enable the basic Cardmember to purchase Cardmember through the Rewards / acquire goods and services through a Program and Discount Offers. Card Transaction using the Credit Limit on Installment Plans with 0% mark-up are the Card or converting the balance in offered on specific products and for respect of the Card, and to make specific payment tenures which will be payments in equal monthly installments communicated to the Cardmember from under the HBL Installment plan in time to time, for which the Cardmember accordance with the terms hereof and the utilizes the available Credit limit and Credit Card Terms and Conditions.

2 Repays the Transaction amount in Equal Monthly Installments according to the Eligibility Installment plan Terms and Conditions. The HBL Installment plan is offered exclusively to the basic Cardmember Installment plan Term / Period means subject to the condition that payments the number of monthly installments as against his / her Card are regular and selected by the Cardmember at the time made on or before the Payment Due Date of availing the HBL Installment plan . The as per the Terms and Conditions and the Bank at its own discretion can change the Cardmember has an available Credit Limit HBL Installment plan Term / Period on the Card Account. All goods and without assigning any reason.

3 Services and / or retail Transactions made within or outside Pakistan can be Installment plan Service Fee / Charge converted into the HBL Installment plan means fee as the Bank may specify from subject to the Terms and Conditions time to time through the Schedule of applicable to the Card stated herein Charges or through written notice to the above. Cardmember and payable by the Cardmember in relation to the Card Availing the Installment plan Transaction made and / or converted into The Cardmember may avail the the HBL Installment plan . Installment plan by calling HBLP hone Banking at 111 111 425 or inform the Installment plan Amount means the Bank's Customer Services Staff of the total amount which is to be paid in details pertaining to the Installment plan monthly installments.

4 Including the amount to be booked, choosing from the Installment plan Term /. Installment plan Monthly Installment Period of 6 to 60 months (in multiples of means an equal monthly Installment 6). Subject to the Bank's approval the payable by the Cardmember which is basic Cardmember may avail the computed by dividing the Installment Installment plan in accordance with the plan Amount by the Installment plan terms hereof and the Credit Card Terms Period, which also includes mark-up and Conditions. charges for the month. The Bank shall process and authorize an Credit Card Terms and Conditions Installment plan provided that the means the Terms and Conditions Amount is within the available Credit applicable to the Card.

5 All capitalized Limit. The Installment Principal Amount 1 2. plus the Installment Interest Amount terminated under the Terms and (which is the Equal Monthly Installment Conditions, the Installment plan will Amount) for the month will be displayed stand terminated automatically and the on Statement of Account separately. Cardmember shall be liable to pay the Additionally, the remaining accumulative remaining Installment plan Amount, principal balance of all Installment plans along with pre-payment charges, booked by the Cardmember on the Credit immediately upon receipt of the Card will appear separately towards the Statement of Account. bottom of the Statement of Account.

6 Security The Cardmember shall pay the Good(s) purchased under the Installment Installment plan Amount by way of the plan shall be deemed to be hypothecated Installment plan Monthly Installment in in favor of the Bank pursuant to the accordance with the terms hereof and the provisions of clause of the Terms and Credit Card Terms and Conditions. Conditions. The Cardmember shall not sell, rent out, mortgage or assign the A Cardmember may avail multiple good(s) or encumber the same or in any Installment Plans as are permitted by the other manner transfer the good(s) or any Bank under the Cardmember's Credit interest therein to any person or party. Limit. The Cardmember shall exercise proper diligence in the use and maintenance of Billing and Payment of Installment plan the good(s).

7 The Monthly Installment shall be billed to the Cardmember starting immediately Liability for Product and Service from the next Statement of Account after The Bank shall not be liable for any the date of availing the Installment plan damage or loss incurred by the and every month thereafter until the Cardmember arising out of the purchase, Installment Amount is settled and paid in installation, use or otherwise of the full by the Cardmember. good(s) and / or service(s) under the Installment plan or for any negligence, Where a Cardmember avails the breach of statutory or other duty on the Installment plan , the Minimum Payment part of the Bank nor shall the Bank be Amount on the Statement of Account responsible in any way for the quality of shall include the monthly Installment .

8 The good(s) and or service(s) purchased or acquired under the Installment plan or If the Cardmember pays less than the otherwise. Any complaint as to the Minimum Payment Amount on the quality of good(s) purchased or service(s). Payment Due Date specified in the acquired through the Installment plan Statement of Account, the Cardmember shall be referred to the Merchant and shall become liable to pay Service Fee / shall not affect the Cardmember's Charges in accordance with the Credit obligations under the Installment plan . Card Terms and Conditions. Modifications, Amendments and The Cardmember may change the Cancellations Installment plan Period or pay the The Bank is entitled at any time and Installment plan Amount in full, subject without any prior notice or liability to the to Bank's approval and the payment by Cardmember in any manner whatsoever the Cardmember of applicable to terminate the Installment plan or Installment plan Charges.

9 Cancel or vary its benefits or features, or vary or add or delete any of the In case the Card is cancelled or Installment plan Terms and Conditions. 3 4. The Bank is also entitled to determine the in connection with the same shall be final minimum amount allowed under the and binding. Installment plan . Cancellation of HIP. The Cardmember is entitled at any time, If a Card member discontinues/ cancels with prior notice to the Bank to terminate HBL Installment plan , he/ she will be the Installment plan . In such a case, the liable to pay early payment charges Cardmember will be liable to pay applicable to outstanding Installment prepayment penalty, as per Schedule of amount as per the Schedule of Charges.

10 Charges. The Bank reserves the right to disqualify any Cardmember from further participation, if in its judgment, the Cardmember has in any way violated the Installment plan Terms and Conditions and / or the Credit Card Terms and Conditions and / or any reason that the Bank deems fit without assigning any reason whatsoever. The Bank shall be entitled to disallow /. refuse instructions submitted by the Cardmember under the Installment plan . Indemnity The Bank shall not be liable if it is unable to perform its obligation under the Installment plan Terms and Conditions whether directly or indirectly due to the failure of any machinery or communication system, industrial dispute, war or act of God or anything outside the control of the Bank.