Why have you changed the name from Purchase Plan to Instalment Plan?
We launched Purchase Plan as a trial. And following customer feedback, we've re-launched it under the new name ‘Instalment Plan'. We've also changed a few things, including reducing some of the one-off fees and allowing you to have up to 10 Plans.
You can now have up 10 Plans on your account at any time, as long as your total balance doesn’t go over 85% of your credit limit.
A one-off fee will be added to each Plan you take out. The fee will depend on your purchase amount and the duration of your Plan. We reserve the right to refuse your request if we aren’t satisfied that it’s in line with our responsible lending criteria.