Buy Now Pay Later

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Buy Now Pay Later

Product overview

What is Buy Now Pay Later?

An unsecured personal loan over a fixed-time that allows your customer to repay the loan amount in equal monthly payments with a deferred first payment.


Benefits for your customers

  • The first payment is deferred (delayed) for a set period or until a specified future date
  • The deferral period is a payment holiday, NOT an interest free period
  • Offering a deferral period for the first payment could help attract a wider customer base with an option that comfortably fits their monthly budget and who may not otherwise be able to shop with you at that time. As well as potentially increase basket sizes by offering the flexibility to spend a little more to get the products and specifications that customers really want
  • Competitive fees compared to other products
  • Customers may be able to make purchases earlier by having a payment holiday at the start of the loan
  • Customers are able to wait to confirm they are happy with the delivered/fitted product before paying the balance of the loan

Explaining BNPL to your customers

Representative example

Item value (cash price) £1,200.00
Deposit £0.00
Total amount of credit £1,200.00
Duration of agreement 18 months
Representative APR 19.99% APR
Annual rate of interest 10.69% p.a.
12 monthly payments of £110.18
Total amount payable £1,322.16

Example is for illustrative purposes only

Who can apply?

To be eligible to apply for one of our finance products, your customers must be:
  • 18 years or over on the date of application
  • A permanent UK resident for a minimum of three years and either:
    • In regular, permanent employment working a minimum of 16 hours a week (including students)
    • Self-employed (they must provide proof of this e.g. bank statement)
    • Retired from regular employment (we may need to see proof of their pension or income)
    • Receiving invalidity, disability or mobility benefits or allowances
All applications are subject to application, financial circumstances and borrowing history.

Get in touch

To discuss your business requirements and how Barclays can support you, contact us today.

Interest free credit

A personal loan for your customers over a fixed time with equal monthly payments and absolutely no interest to pay.

Interest bearing credit

Enables your customers to spread the cost of their purchase into equal monthly payments over a set amount of time.