Editing Monzo Flex instalment plans
You can edit your instalment plans at any time so all the control is in your hands. Here’s how:
Tap the Home icon in the menu bar
- Move to Flex
- Tap Manage
- Tap Edit instalment plans
Just choose the transaction you want to edit the instalments for and change the number of instalments.
Things to keep in mind
If you’re paying 0% interest and you switch to 6 or 12 instalments, we’ll charge interest at 19% APR representative (variable). You also won’t be able to switch back to 0% interest as this benefit is linked to the instalment plan you originally chose. There's more on this in our help article about interest rates on Flex
If you choose 3 or 6 instalments, you can switch to 12 instalments any time to reduce your monthly payment to the minimum amount.
If you only pay the minimum each month, it’ll take you longer, and cost more, to pay off your Flex balance.
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