Discover how Snap Finance's Pay in 4 feature works for smart shopping.

Discover the convenience of Snap's Pay in 4 feature – easy, flexible payments tailored to your lifestyle, making shopping a breeze. Experience financial freedom today!

Snap's Pay in 4 - Flexible Payments for Your Lifestyle

The UK markets purchasing habits are changing

The Buy Now, Pay Later (BNPL) market has seen remarkable growth in the United Kingdom over the past few years. The sector in the UK was worth approximately £9.5 billion in 2022, reshaping consumer spending habits. More than 60% of BNPL transactions in the UK involve paying in 3 or 4 installments, demonstrating the appeal of this flexible payment method.

Pay in 4 is a popular payment option within the Buy Now, Pay Later (BNPL) market that provides consumers with increased flexibility and convenience when making purchases. This payment model allows shoppers to split the cost of their purchase into four equal installments. When a customer chooses Pay in 4, they typically make an initial payment at the time of purchase, followed by three more payments at regular intervals over the course of a few weeks. The appeal of Pay in 4 lies in its simplicity and transparency, as consumers can budget more effectively by spreading out their payments without incurring interest charges.

Snap Finance offers a loan at a rate of Representative 29.9% APR over 48 months and up to £5000. One of the features the loan offers is its own Pay in 4 facility*. We allow you to purchase your retail goods within our network and if you select to clear off the balance over a 4 month period, Snap cancels all interest. Effectively, you can spread the cost of your purchases without accruing any additional charges.

Representative Example: Cost of Goods £1200, Deposit £50, Amount of Credit £1,150, Annual Fixed Interest Rate 26.47%, Monthly Payment £62.54, Term 24 months, Total Payable £1550.96, Representative 29.9% APR

*Disclaimer: Pay in 4 is a feature of the loan that allows you to settle your loan in full within 4 months and Snap will cancel the interest. This is called the Pay in 4 period. This is a personal loan and interest is applied from the time you get your goods or services. When you’re approved you will have the option to select 'Pay in 4' or spread your repayments across the whole loan term. If you select 'Pay in 4 ' you will be set up on a shorter loan repayment schedule to clear your balance in 4 months, meaning that any interest will be cancelled.

The Pay in 4 feature is only available on certain Snap Finance products. Opt in is required, terms & conditions apply

Ready to apply with Snap? Click here to check your eligibility today.

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