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N26 Installments—split a past payment, spend the extra money as you like

Looking for more flexibility and financial freedom? We thought so—that’s why we’re bringing you N26 Installments, the simple way to split payments and free up funds. Read on to learn more.

4 min read

Ever wish you could free up some cash when you need it most? We get it, and that's why we're introducing N26 Installments — our new installment loan plan for your past purchases. Now, you can split eligible past purchases into easy-to-manage installments and instantly free up funds. Get all of your purchase amount transferred back to your account, and pay it back over time. Additionally, with 100% transparency each step of the way and no late fees, you'll get the flexibility and peace of mind you deserve.

Financial flexibility at your fingertips

You never know when you might need some extra cash on hand. Maybe you’re finally ready to splurge on that expensive couch—or you discover that you urgently need to replace some household electronics. Perhaps your dream of spending a week-long vacation on the beach is finally becoming a reality. No matter the occasion, our goal at N26 is to give you the flexibility you deserve when it comes to your money. So if you need to readjust your budget and access funds right away, N26 Installments lets you manage your money your way. 

If you've made an eligible purchase of €20 to €1000 from specific merchants in the last four weeks (starting from July 1, 2021), you now have the option to split this amount into manageable portions at an annual interest rate of 8.99% to 19.49%. You can then pay it back over three to six months — whatever suits you best!

Here’s a handy example showing how this works in practice. If you split an eligible purchase of €100 into three monthly installments with an annual interest rate of 8.99%, your actual effective cost will be much lower—at 2.25%. That means you'll only be charged €2.25 interest to split that purchase with N26 Installments.

And if you opt for a six month repayment period, the actual effective cost will be 4.5%, meaning that you’ll only pay €4.50 on your installment loans.

The cash you need, when you need it

With N26 Installments, you can choose from a range of eligible past purchases made with qualifying merchants across categories like electronics, furniture, plane and train tickets, fashion, and more. You can even split several past purchases into installments, provided each of them is between €20 to €1000 and they total below €1000.

After you've confirmed your N26 Installments offer along with your payment plan of choice, we'll deposit the purchase amount back into your N26 account. We'll then deduct your first payment one month later, kicking off your installment plan. It's that easy!

100% transparency, zero late fees

At N26, we believe in full transparency when it comes to your money. That’s why we give you a full overview of annual interest rates and actual costs before you proceed with the offer. Plus, we charge zero additional fees, even for late payments. 

With N26 Installments, payments will be deducted from your account each month, starting from one month after the date the installment loans were created. You'll always get reminders the day before a payment is due. Want to pay the installments off early? No problem — do it easily right in the app, and with no extra fees.

How can I get started with N26 Installments?

Getting started with N26 Installments couldn’t be easier. First, make sure you’re running the latest version of the N26 app. Then, follow these steps:

  1. Head to the ‘Explore’ tab and then scroll down to ‘Financial products’
  2. Go to ‘N26 Installments and follow the prompts to select an eligible purchase
  3. Tap ‘Split a purchase’ and confirm your payment plan

That's it! You'll be instantly reimbursed the original cost of your purchase in full.

To make things even easier, you can also view eligible purchases in your ‘Home’ tab. If you see something you’d like to pay off over time, simply tap the purchase and follow the steps to kick off your installment plan.

Want to learn more? Check out our N26 Installment FAQs here

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Your money at N26

If you’re looking for ease, flexibility and convenience, then look no further than N26. With over 7 million customers and counting, we’re changing the way the world banks. Sign up for a free, 100% mobile bank account today, or opt for a premium account with one-of-a-kind features tailored to your needs. View plans to find the one that fits you best.  

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