Instalment plans
A simple way to spread the cost of larger purchases over a term that suits you.
What is an instalment plan?
Instalment plans let you spread the cost of larger purchases over a term that works for you. You can spread the cost of eligible purchases into smaller, regular payments over an agreed period.
- You won’t pay interest. Instead, there’s a fixed monthly fee.
- You'll know exactly what you'll pay each month, helping you to budget with confidence.
- Choose up to 5 eligible transactions to move into a plan.
Why choose an instalment plan?
- Spread the cost of larger purchases.
- Help you manage your finances.
- Have no impact on your credit file.
- Have up to 10 plans at the same time.
How instalment plans work
- An instalment plan can't be more than £5,000 in total.
- Repayment terms range from 3 to 24 months.
- The fixed monthly fee will always be less than your standard interest rate over the same period.
- You’ll make 1 monthly payment covering both your plan and your regular credit card balance.
- If you qualify, you can set up, review and manage your instalment plans within the mobile app or online banking.
- You can cancel at any time with no fee.
- Transactions must be between £100 and £5,000.
- Transactions must be in your current or last statement period and fully processed.
Let’s look at the details
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