Interest free payment plans

What are interest free payment plans?

How interest-free payment plans work is that they allow customers to buy now and pay later for purchases. Rather than needing to make the full payment upfront, with buy now, pay later services, customers can buy the product now and pay the money back in regular instalments over a specified period of time. As long as you repay your credit within the interest-free period, which usually starts from the date of purchase, you won’t be charged interest on the money you borrow. However, you will generally incur a late fee if you don’t make each repayment by the due date. There may also be specific terms and conditions, such as a limit on concurrent purchases, as well as fees & charges associated with interest-free payment plans that will vary between lenders. You’ll need to make sure you read the fine print before going ahead so that you understand how it works.

What are the benefits of interest free payment plans?

There are many benefits of interest free payment plans. They allow customers to take home products now, even if they can’t afford to pay the full amount upfront. This can be really helpful in situations where waiting to buy something is not a viable option. For example, if your fridge or washing machine breaks down, it is not practical to have to wait weeks or months to buy a new one. Using a credit product with interest free payment plans means you can take the appliance home now and pay the money back over a specified period of time. This can make your life a lot easier, especially if you know you’ll be able to pay the debt back within the interest free period. 

An Ozzie Loans line of credit works like a virtual credit card, and it allows you to buy now and pay later with up to 55 days interest-free on purchases. With Ozzie Loans, you can apply for a line of credit from $1,000 up to $20,000 in just 5 minutes, and once you’ve repaid the funds, they become available for you to use again without needing to reapply. With our smart technology, if you apply within business hours, you should know within an hour whether your money has been approved, and then you can start spending. All our fees and charges will be available upfront, so you’ll know exactly what to expect before going ahead. Your Ozzie Loans account is quick and easy to set up, and your repayments, credit limit and more can all be conveniently managed from your smartphone.

To be eligible to apply for an Ozzie Loans line of credit or any of our other credit products, you need to be at least 18 years old, currently employed and an Australian citizen or resident. Our application process is paperless and done entirely online. Providing us with secure read-only access to the last three months of your bank statements allows our assessment team to verify information such as your income, living expenses and other debts you may have without you needing to submit endless documentation. Being a responsible lender, we will also look at your credit history when assessing your loan. We don’t want to lend you more money than we think you can comfortably afford to pay back. We want to make your life easier, not harder!

If you need larger loans, Ozzie Loans also offers personal loans up to $50,000, and, as with our line of credit, the online loans application form can be completed in under 5 minutes. If you are looking for easy finance, then you’ve come to the right place. Whether you need a line of credit or cash loans, get in touch with Ozzie Loans today and see how we can help you get the extra cash you need. And with our quick and easy application process and same-day approvals, you won’t have to wait long to find out if your application has been successful. At Ozzie Loans, we have taken the hassle out of getting fast cash.