This programme is for principal cardholders whom we invite. It is a programme which allows a cardholder to pay the outstanding balance on their credit card account under an instalment plan at lower interest rates as compared to normally applicable interest rates.

1. Only credit card accounts in good standing are eligible. You must specify in your application the outstanding balance amount which you wish to convert to the Flexi-On-Balance/Flexi-On-Balance Plus, and the instalments period under the Flexi-On-Balance/Flexi-On-Balance Plus.
2. Instalment amounts payable under other programmes such as balance transfer/balance transfer plus, Cash-on-Call (Previously Cheque-On-Call)/Cash-on-Call Plus (Previously Cheque-on-Call Plus) and Flexipay/FlexiPay Plus are not eligible for Flexi-On-Balance/Flexi-On-Balance Plus.
3. The minimum amount eligible for conversion under Flexi-On-Balance/Flexi-On-Balance Plus is RM500.
4. The approval of your application will be subject to the status of your credit card account.
5. You may participate more than once in the Flexi-On-Balance/Flexi-On-Balance Plus subject to these terms.
6. We will open a PLC account for the Flexi-On-Balance/Flexi-On-Balance Plus, bearing a serial number starting with 9458-xxxx-xxxxxxxx. The PLC account will be combined with your existing credit card account.
7. The existing credit limit approved for your credit card account remains unchanged and will be shared with this PLC account jointly with all other supplementary cards issued. Your PLC account will be used to indicate the monthly instalment amount payable by you. No physical card or PIN will be issued.
8. On approval of the application, we will debit your PLC account with the instalment payable each month, throughout the duration of the Flexi-On-Balance/Flexi-On-Balance Plus.
9. If you choose to settle the Flexi-On-Balance/Flexi-On-Balance Plus in full ahead of the agreed term for accounts opened before the 27th of September 2021, you must still pay the total outstanding balance. The outstanding balance is the remaining monthly instalments (comprising outstanding principal and interest) payable for the entire term as originally agreed.
10. If you choose to settle the Flexi-On-Balance/Flexi-On-Balance Plus in full ahead of the agreed term for accounts opened after the 27th of September 2021, you must still pay in full the remaining outstanding principal and the interest accrued up to the next 3 statement dates.
11. For Flexi-On-Balance if you pay only the minimum payment amount of 5% of the monthly instalment due or RM50 (whichever is higher) on the payment due date specified in the statement, or we do not receive the payment in full on or before the payment due date specified in the statement, then we will levy the prevailing finance charge on the outstanding balance of the monthly instalment amount from the posting date until the date of full settlement.
12. For Flexi-On-Balance Plus you must pay the full amount of the monthly instalment due to the PLC account each month but if we do not receive the payment in full on or before the payment due date specified in the statement, then we will levy the prevailing finance charge on the outstanding balance of the monthly instalment amount from the posting date until the date of full settlement.
13. The interest under Flexi-On-Balance Plus will be calculated based on the actual number of days from the date of approval of the application to the next immediate statement cycle date. The first month’s interest of this instalment plan will be calculated based on the effective interest rate and pro-rated on a 365-day or 366-day basis in a leap year from the approval date to the next immediate statement cycle date and will be reflected (together with any fees or charges) in the next immediate monthly statement. Thereafter, the first monthly instalment (comprising principal and interest) payable will be reflected in the subsequent statement. The subsequent monthly instalment shall be a fixed amount and consists of both principal and interest where the interest component of each monthly instalment is computed whereby the effective interest rate will times outstanding principal amount divided by the tenure (effective interest rate x outstanding principal amount ÷ tenure = monthly interest).
14. If there is an existing standing instruction to pay your credit card account by using funds from your savings or current account with us, payments under that standing instruction will include payments to the PLC account.
15. If your credit card is terminated, you must settle all balances due under the Flexi-On-Balance/Flexi-On-Balance Plus upon termination according to the stipulation set out in section 9 and 10. If you fail to do so, the prevailing finance charge will be levied on the outstanding balance.
16. Regardless of the range of effective interest rates as stated here or in the application, we are entitled to vary the interest rates at any time based on our evaluation or review of your credit behaviour, including in respect of all your borrowings, whether alone or jointly with other persons, and whether from us or any other parties. Our evaluation and decision to vary the interest rates will be final and conclusive.