Installment Credit makes repaying larger credit limits easier for Fido customers by allowing them to spread repayments over multiple months instead of making a single payment within one month. Customers who qualify for installment credit will see this option in the Fido app, where they can choose to break their repayment into equal monthly installments.
Fido offers installment options ranging from 1 to 6 months. This means instead of repaying your full credit amount after the usual one-month period, Fido will divide your repayment into smaller, manageable portions. Each month, you will pay an equal part of the total credit received until the end of the installment period you selected.
Important to Note:
- Choosing an installment plan does not mean you defer payment until the end of the chosen period. It means you will pay a portion of the total amount each month.
- The installment plan helps you manage your finances better by reducing the burden of a one-time repayment.
For further assistance, feel free to contact Fido Support through the app.