How do I use interest-free installment plans on my card purchases? | Ask Banky

Editor-in-Chief Mohamed Salah

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Editor-in-Chief Mohamed Salah

How do I use interest-free installment plans on my card purchases?

Asked by Banky team 2 months ago
Banky team Reviewed editorial answer

Banks sign agreements with merchants (electronics, furniture, travel) to offer interest-free installments over tenors ranging between 3 and 24 months.

You pay with the card, then call the bank (or use the app) to request that the transaction be converted into installments.

The bank may charge the customer a flat amount as an installment administrative fee.

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