Quick 
Get funds within 3 business days to your Australian bank account after offer is activated
Lower interest rate 
Compared to the standard Cash Advance Rate.
Flexible 
No cancellation or early repayment fees.

Our Instalment Plans

Break your credit card balance into monthly instalments

Ideal for large and seasonal purchases, this lets you convert credit card purchases on your current statement balance into a single Instalment Plan at a personalised fixed rate.

Convert eligible retail purchases into an Instalment Plan

From home essentials to luxury goods and wellbeing packages, break big eligible purchases on your credit card into smaller payments at a personalised fixed rate over a set term.

Benefits of BOQ Instalment Plans

Easier to budget

Having a consistent repayment amount of your Instalment Plan will help you work out your budget.

More than one Instalment Plan

You can have multiple Instalment Plans on one credit card as long as each request is within your available credit limit.

Keep your interest free days2

Ideal for large and seasonal purchases, this lets you convert credit card purchases on your current statement balance into a single Instalment Plan at a personalised fixed rate.

How do I take up an offer?

For existing customers only

Contact us on 1300 669 648 on Monday to Friday 8am - 8pm AEST and we can help.

Frequently Asked Questions

  • What is an Instalment Plan?

    An Instalment Plan allows you to make your repayments in monthly instalments at a fixed rate over a set term.

    You can use an Instalment Plan in three ways:

    a) Statement Instalment – Convert retail purchases from your current statement. A minimum conversion of $500 applies. Excludes fees and charges, Balance Transfers, Cash Advances and existing Instalment Plans.

    b) Transaction Instalment – Convert unbilled retail purchases of $50 or more into an Instalment Plan.

    c) Cash Instalment – Allows you to access cash from $500 or more within your available credit limit. Repay in Monthly Instalments at a fixed rate over a set term.

  • Is the Instalment Plan amount part of my existing credit card limit?

    Yes. You can have more than one Instalment Plan as long as each request is within your available credit limit. However, if you have an outstanding balance we will limit the Instalment Plan amount to only your available credit limit amount and you will not be able to request up to 100% of your credit limit until your outstanding balance is paid.

  • Can I have more than one Instalment Plan?

    Yes. You can have more than one Instalment Plan as long as each request is within your available credit limit. However, if you have an outstanding balance we will limit the Instalment Plan amount to only your available credit limit amount and you will not be able to request up to 100% of your credit limit until your outstanding balance is paid.

  • Is there an Instalment Plan fee?

    We may charge an Instalment Plan fee and the details will be specified in the offer that we send you.

  • How do I make the Monthly Instalment repayment?

    Your Monthly Instalment repayment will appear on your statement and is included in your Minimum Payment Due amount each month.

  • How does my Instalment Plan appear on my statement?

    You can view your Instalment Plan details in the Balance and Interest Breakdown section.

  • Do I keep my interest free period with an Instalment Plan?

    Yes, if you pay the Interest Free Payment amount in full by the Payment Due Date shown on your statement. Interest free period only applies to retail purchases and not available on Cash Advances and Balance Transfers.

  • What happens if I fail to make a Monthly Instalment repayment by the Payment Due Date?

    If you fail to pay the minimum payment due or any other amount by its payment due date:

    i) We charge interest on any unpaid instalment, instalment fee or initial interest charge component (and any interest calculated on any of them, and any interest on that interest) from the day after the payment due date. It will be calculated using the daily retail rate and the daily calculation method until they are repaid in full.

    ii) We may also cancel the Instalment Plan. We will tell you if an instalment amount is overdue before we cancel the Instalment Plan(s).

  • Can I cancel my Instalment Plan anytime?

    You can pay off your Instalment Plan at any time without early repayment fees. Simply contact us on 1300 669 648.