Instalment Plans

An Instalment Plan allows you to make your repayments in monthly instalments at a fixed rate over a set term.

You can use an Instalment Plan to receive cash from $500, up to your available credit limit. You can then repay in Monthly Instalments at fixed rate over a set term.

The Instalment Plan uses part of your existing credit limit. As you pay off your Instalment Plan amount, the amount(s) you pay off will become available for you to use again as part of your credit limit.

Yes, the Interest Free Period applies to Retail Purchases when you pay the Interest Free Days Payment in full by the Payment Due Date.

Your Instalment Plan repayment appears on your monthly statement and is included in your Minimum Payment Due. You pay it in the same way you make a regular payment, with the ways you can do this shown on your monthly statement.

Yes. If you’d like to make an additional repayment on your Instalment Plan, simply chat with us by using the Kogan Money Credit Cards Mobile App or Online. Once you receive a confirmation from us, you can make an additional repayment to your Kogan Money Instalment Plan.

Yes, you can pay off your Kogan Money Credit Cards Instalment Plan at any time, without early repayment fees. To pay off your instalment balance you will need to pay all other amounts owing on your credit card first before extra payments will be applied to your instalments amounts that are not yet due.