How does this work?
Flexible repayment options are available on all items over £99, making those big investments easier to manage.
And all it takes is a simple application form. You can choose to spread the cost over as long as 24 months using PayPal Credit at a rate of 19.9%APR.
Order value (cash price) £400, total amount of credit £400 with no deposit to pay, 19.9% representative APR, annual rate of interest 10.17% fixed, 12 monthly payments of £36.72, total amount payable £440.64.
Example of a £500 purchase
Here’s a table we’ve put together using a £500 purchase example, take a look to see how payments are broken down.
|Term||Representative APR (Fixed)||Min Spend||Payments||Total Payable|
|24 Months||19.9%APR||£99||£24 per month||£575.95|
|18 Months||19.9%APR||£99||£31.88 per month||£573.82|
|12 Months||19.9%APR||£99||£45.50 per month||£546.03|
|6 Months||19.9%APR||£99||£87.74 per month||£526.43|