An instalment Fee is 1% of the order value and is payable for each month that you elect to extend your interest-free period over for your instalment plan'
For example, an $800 order with a guaranteed interest-free period of 3 months is extended to 6 months interest-free.
1% of $800 is $8, this fee is then multiplied by the 3 month extension period, giving a total of $24.
The $24 extension fee will be split evenly across all instalments meaning you only pay an additional $4 per instalment if on a monthly schedule.
If you are on a fortnightly or weekly repayment, fees will be automatically adjusted to match the schedule.