Is there a PayPal credit calculator ?

[knoxyuk]

Hello. Is there a PayPal credit calculator to work out minimum payments (which include interest etc). I am currently paying approx £10 a month for 340. I've been paying that for about a year and it's slowly coming down. However, since then the interest and how it's calculated has changed and I'm a bit confused on how much I'd be paying on new purchases. I want to buy something for, £450 (a washing machine+oven) and I was wondering what I'd have to pay a month. I'd be paying the minimum payment untill it's paid off. Can anybody help? Thank you.

[knoxyuk]

Sorry I meant to put a Calculator to work out the interest.

[PayPal_RachelK]

Hi @knoxyuk,

Thank you for your post!

Your monthly minimum repayment will be shown in each statement and in the PayPal Credit section of your PayPal account. Any offers you have are also detailed in these locations.

Your minimum repayment amount is calculated based on your purchases, and will include:

• Any instalment offer payments due for that month;
• The full balance if less than £5.00, or the higher of £5.00 or 2% of the outstanding balance (which excludes any instalment offer balances, but includes any 0% for 4-month offer balances); and
• Any interest, charges, and arrears.

For further details, please click here. 

I hope this helps!

- Rachel