It is important that you think about whether you can afford the monthly repayment agreed for any instalment offer. If you already have PayPal Credit, you can take advantage of these offers without having to reapply as long as you have enough available credit limit. Instalment offers will always have an interest rate lower than the standard variable rate, and many merchants offer 0% instalments with PayPal Credit. These instalment offers vary by merchant and allow you to choose a set monthly repayment over a period from 6 to 48 months to help spread the cost of larger purchases in a more manageable way. With selected merchants, when you check out with PayPal Credit, you’ll be shown a selection of instalment offers which enable you to spread the cost of your purchase across a number of repayments. How do instalment offers with PayPal Credit work? Please see the Credit Agreement for more details.Ĥ. If you fail to make minimum repayments on time or in certain other circumstances, PayPal may remove your offer. While no interest is charged, any balance subject to a 0% for 4 months offer will be included in the calculation of your minimum repayment amount.Īny remaining balance due after the 4-month promotional period will be charged at 21.9% p.a. You can use this offer as many times as you like as long as you have an available credit limit. This applies automatically to any purchase made using PayPal Credit in excess of this value, except those to which another promotional offer (such as an instalment offer) applies. This means when you spend more than £99.00 in one shopping basket, you’ll benefit from the offer and won’t be charged any interest on that transaction for 4 months after purchase. How does the 0% for 4 months offer work?Ġ% interest for 4 months is available on single transactions of £99.00 or more. The minimum repayment for each component would be calculated as follows: £600.00 at 0% interest, spread over 6 months Here’s an example of how your minimum repayment is calculated: Assuming you had the following transactions on your account: ![]() Please see your Credit Agreement for more details.
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