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Instalment payments 

Pay in instalments

Split purchases made with your credit card into fixed monthly instalments, with a lower interest rate.
Nominal interest rate (TAN) from 8.15%. Available online. 



Pay your eligible credit card transactions in fixed monthly instalments for up to 36 months, for a minimum amount of €75, whether purchases or cash advance, and know what to expect every month.

Instalment payments - Key benefits

  • Fixed monthly amounts

    Choose how long you want to pay over, from 4 to 36 months, and get a fixed monthly amount that suits you. 

  • Reduced rate

    Benefit from a lower interest rate.

  • Flexible

    At any time, you can change the number of months, cancel the instalment plan and pay the remaining amount.

  • Up to 10 instalment plans

    You can have up to 10 instalment plans running at the same time on the same card account. 

  • Simple and fast

    You can do it through novobanco Online, the App or the Direct Line.

  • Works online and in store

    Instalment payments apply to transactions made online and in physical stores.

Choose how you want to pay

  • Want to pay in fixed monthly instalments

    To do so, you only need to select the purchase or cash advance transaction up to the statement closing date where it appears, using one of the available channels:

     

How to set up fixed monthly instalments



  • novobanco Online

    Select the number of instalments you want under Everyday banking - Cards -Instalment payments. Then select the Pending statement and choose the purchases and or cash advance transactions you want to convert into an instalment plan. 

  • App

    Select the number of instalments you want under Everyday banking – Cards - Instalment payments. Then select the Pending statement and choose the purchases and or cash advance transactions you want to convert into an instalment plan. You can also view the plan simulation with details of amounts, dates, interest, principal and taxes for each instalment. 

Each selected purchase or cash advance transaction creates its own payment plan. On the same card account, you can have up to 10 instalment plans at the same time. 

The instalment plan affects your available credit limit. The monthly instalment amount is added to what you pay each statement cycle. 

Each plan must be created up to the statement closing date of the credit card used for the transaction. Example. If you make a purchase on day 1 and your statement closes on day 11, you have 10 days to create the instalment plan. 

 


Instalment payment examples: 

  • Credit Card Verde: €200 over 36 months with a monthly instalment of €6.31 at a nominal interest rate (TAN) of 8.150%. 

  • Credit Card Gold: €200 over 36 months with a monthly instalment of €6.48 at a nominal interest rate (TAN) of 9.900%. 

  • Credit Card Platinum 360º: €200 over 36 months with a monthly instalment of €6.48 at a nominal interest rate (TAN) of 9.900%.  

 

customer girl chooses a microwave oven in a home appliance store

Representative example with Credit Card Verde

To buy a microwave costing €200, Rita used Credit Card Verde. As she wants to pay a fixed and lower monthly amount, she selects Instalment payments and chooses a 36‑month term. 

This results in a monthly instalment of €6.31 over 36 months, at a nominal interest rate (TAN) of 8.150%.

Satisfied female worker leaning in chair after finishing work


Cash advance

Unexpected expense? Make a cash advance.

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