For the minimum monthly payment plans, monthly payments must be made during the interest free period. Paying only the minimum monthly payment will not pay out the purchase before the end of the plan. Interest and payments are payable on any outstanding balance after the interest free period expires.
For the equal monthly payment plans, depending on the amount financed the plan is payable by either 6, 12, 24, 36 or 50 approximately equal monthly instalments (exact amount specified in your statement). At the end of the interest free period, interest will be charged on any outstanding balance.
For each 6, 12 or 24 month equal monthly payment plans, the equal monthly payment will be greater than a minimum monthly payment for the same term, and you will pay more interest on any other outstanding balance on your credit card account, as your repayments will be allocated to the 6, 12 or 24 equal monthly payment plan first. If you don’t make your minimum equal monthly payment for two consecutive months, you agree the plan will change to a minimum monthly payment plan for the remainder of the original term, and the conditions relating to the minimum monthly payment plans will apply.
If there is an outstanding balance after the interest free period ends on any plan (minimum monthly payment plan or equal monthly payment plan) interest will be charged at 26.99% p.a (subject to change).
New orders only.