It is not a loan but rather a way of paying for your basket in smaller chunks.
You will usually have to go through a credit check before you can use BNPL and missed payments could result in a black mark on your record.Some credit cards will let you borrow without paying any interest over a set period. You will still have to make a minimum repayment each month or you could find the lender pulls the deal.
If using the card to borrow a big sum, it’s a good idea to work out how much you need to repay each month before the interest-free period ends.
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