PayU 0% Installments and PayU Standard Installments

Terms and conditions of using PayU installment system

Promotion PayU Instalments 0 is valid from 15.05.2021 on www.genesis-zone.com
Standard Installments promotion is valid from 15.05.2021 on www.genesis-zone.com

When can a customer use PayU installments?

Payment on installments with PayU is possible when:
- the cost of the goods including delivery is within the range of 300 - 20 000 PLN
- the buyer has not chosen payment on delivery

Who provides a loan for purchases?

The entity providing the installment loan for purchases is one of PayU's loan partners: Alior Bank S.A. or AS Inbank S.A. Branch in Poland, or mBank S.A., or Santander Consumer Bank S.A., or Smartney Sp. z o.o.. The lender guarantees a 100% online application and real-time loan decision, and ensures data security in accordance with industry standards. The information sent is encrypted and is not saved or shared anywhere.

What are the differences between installment offers?

0% installments are only available for 3,5,6 or 10 months of repayment. If you want to spread the installments over more months, use standard installments, which carry interest.

What happens if the buyer doesn't get the loan?

Nothing, because the purchase of items is made only after: successful verification of the authorization transfer, positive decision of the lender and approval by the seller.

What is the repayment procedure for installment purchases?

Within at least 14 days of receiving the order, the buyer sends the store a statement of cancellation of the purchase and returns the goods. Cancellation of the sales contract does not result in cancellation of the loan agreement. The seller is therefore obliged to return the money to the buyer after accepting the return. The buyer independently informs the lender of the cancellation of the purchase, repays the loan and closes the contract with the lender.

Does PayU charge a commission for installment sales?

We do not charge you any additional fee for transactions using PayU installments, and the amount for the sold goods goes to your store account.

Representative example for PayU 0% Installment Loan.

The 0% Loan Agreement is concluded between the borrower and the lender, i.e. Alior Bank S.A., mBank S.A., Kreditech Polska Sp. z o.o. or AS INBANK S.A. Branch in Poland. Representative example: total loan amount: PLN 1000.00, RRSO: 0.00%, fixed interest rate: 0%, total amount payable: PLN 1000, total cost: PLN 0.00 (including: commission: PLN 0, interest: PLN 0), 10 equal monthly installments of/by: PLN 100. The following repayment periods are available for the 0% Loan: 3, 5, 6 or 10 monthly installments. Terms of the offer as of 14.03.2019. The Partner is entitled to propose a different loan term than the one requested by the Client, if it results from the examination of the Client's creditworthiness. The granting of a 0% Loan is subject to a positive assessment of the potential borrower's creditworthiness by the Partner. The granting of a 0% Loan is subject to the Customer's acceptance of the final terms proposed by the Partner. PayU S.A. based in Poznań cooperates with lenders and acts as an intermediary in concluding the above mentioned agreements. This material does not constitute an offer within the meaning of the Civil Code and is for informational purposes only. Terms and conditions of the 0% Loan under PayU Installments are available here.

Representative example for PayU Installment Loan Standard.

The loan agreement is concluded, subject to a positive assessment of creditworthiness, between the borrower (Client) and the lender (Partner), i.e. Alior Bank S.A. or mBank S.A. or AS INBANK S.A. Branch in Poland, with which PayU S.A. cooperates and acts as an intermediary in concluding the aforementioned agreements. Representative example: total loan amount: PLN 1645.00, RRSO (Actual Annual Percentage Rate): 16.86%, variable interest rate: 6.5%, total amount payable: PLN 1833.68, total cost: PLN 188.68 (including: commission: PLN 107.43, interest: PLN 81.25), 16 equal monthly installments of/at: PLN 114.60. Terms of the offer as of 06.11.2020. The Client will be informed about the currently available repayment periods of the Loan, in accordance with the lenders' offer, each time before concluding the Loan agreement. The above is for informational purposes only and is not an offer within the meaning of the Civil Code. The Partner shall be entitled to propose a different loan term than the one requested by the Client, if it results from the examination of the Client's creditworthiness.