Monzo Flex explained
Monzo Flex lets you spread the cost of purchases over 3 instalments interest free, or over 6 or 12 instalments at 19% APR representative (variable). There's more on this in our help article about interest rates on Flex
You can use it online and in-store, to pay for pretty much anything. You’re not limited to a few places to spend.
You can also wind back the clock, by choosing to flex purchases you made in the last 2 weeks.
When you choose your instalment plan, we’ll take the first instalment instantly and then monthly on your payment date until you’ve paid it off.
If you’re eligible, we’ll give you a pre-approved credit limit you only apply for once. And you can flex as many purchases as you like, as long as the total spend is within your limit.
Want to pay us back early? Sure, there’s no fee for that. If you want more time, you can edit your instalment plan to pay back over a longer period. And we don’t charge extra fees if you pay us back late.
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