Payment options
Buying big? Spread the cost
Explore finance options for life’s bigger buys.
Newpay is the flexible way to pay. It’s a digital credit account that allows you to break down your online purchases into monthly payments, with just one amount to pay each month – even if you have multiple payment plans on the go.
Buy with Newpay
It’s really easy to buy something using Newpay. When you go through to checkout, just make sure you choose Newpay as your payment method. Then simply pick between instalment plan or flexible credit and follow the steps to finish your purchase.
Representative example
24.9% APR
Representative (variable)
24.94% PA
Purchase rate (variable)
£1,200
Assumed credit limit
The APR, credit limit and any promotions that you're offered will depend on the assessment of your application.
Pay with flexible credit
With your Newpay account you can get a credit limit of up to £5,000. Use this to make any purchases at our range of retailers, and then just pay the minimum payment every month or more when you can afford it. There is no fixed repayment timeline.
Payments
You will need to pay at least your contractual minimum payment each month to keep your account up to date. NewDay will confirm this amount on your monthly statement. However, you can repay as much of your balance as you like each month. Paying more than the minimum will mean you will repay your balance faster and will cost you less in interest.
Pay with instalment plans
If you’re spending over £100, an instalment plan might be right for you. An instalment plan can help you to clear your balance faster and would cost less when compared to making contractual minimum payments with the flexible credit option.
You can choose to spread the cost and interest over 6, 12, 18 or 24 months, and NewDay will calculate how much you need to pay each month. There’s no deposit to pay and the monthly instalment amount will be fixed for the length of the plan, so you won’t have to make any extra payments towards your plan.
Payments
You will need to pay at least your contractual minimum payment and your monthly instalment payment each month otherwise your instalment plan will be cancelled. We will confirm this amount on your monthly statement. Payments towards your instalment plan are optional, and you will not go into arrears if you choose to only pay your contractual minimum payment. However, your plan will be cancelled.
The estimated amount
When you select the instalment plan option at checkout, the monthly amount may be shown as estimated as it is based on the representative APR. Once you have been accepted for a Newpay account, the amount we show you will be based on your personalised interest rate.
The monthly instalment amount you pay may also be slightly different to the estimated amount because it takes us a few days to set up your plan and interest is calculated at the point of set up. We will confirm by email the exact amount of the monthly instalments once your plan has been set up.
Cancellation
You can cancel your instalment plan at any time. There is no cancellation fee. If you decide to cancel your instalment plan, the remaining balance on your instalment plan will be moved to your flexible credit balance (this is your standard purchase balance) and will be charged at your standard purchase rate.
If you do not keep up with your monthly payments or your go over your credit limit, we will cancel your instalment plan.
Direct Debits
If you have a Direct Debit, the amount we collect will always include your monthly instalment payment.
Pay with 0% interest
With a 0% interest instalment plan, you’ll spread the cost of your purchase by paying a fixed monthly amount. By paying the agreed amount every month, you won’t have to pay any interest and your purchase will be paid off by the end of the instalment plan period.
Payments
You will need to pay at least your contractual minimum payment and your monthly instalment payment each month otherwise your instalment plan will be cancelled. We will confirm this amount on your monthly statement. Payments towards your instalment plan are optional, and you will not go into arrears if you choose to only pay your contractual minimum payment. However, your plan will be cancelled, and you will start to be charged interest on the purchase balance.
Cancellation
You can cancel your instalment plan at any time. There is no cancellation fee. If you decide to cancel your instalment plan, the remaining balance on your instalment plan will be moved to your flexible credit balance (this is your standard purchase balance) and will be charged at your standard purchase rate.
If you do not keep up with your monthly payments or your go over your credit limit, we will cancel your instalment plan.
Direct Debits
If you have a Direct Debit, the amount we collect will always include your monthly instalment payment.
To find out more, check out the Help page