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Interest free credit

Product overview

What is Interest Free Credit?

A personal loan over a fixed time that allows your customers to pay off their purchase in equal monthly payments, with absolutely no interest:


Benefits for your customers

  • Equal monthly payments over a set amount of time
  • The balance of the loan can be settled at any time
  • The loan isn’t secured against the product purchased
  • Available across a range of terms, from 3 months
  • Minimum spend of £250, maximum £50,000
  • Could help you to attract and convert a wide range of customers
  • Your customers may be able to make larger purchases earlier if it fits with their monthly budget

Explaining IFC 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 12 months
Representative APR 0% APR
Annual rate of interest 0% p.a.
12 monthly payments of £100.00
Total amount payable £1,200.00

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 bearing credit

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

Buy now pay later

Offer your customers the opportunity to enjoy their purchase before they start making monthly payments with a deferred first payment period.