VOXI gives customers the option to split the cost of a new phone with 0% interest

VOXI will now give customers the option to split the cost of a new handset with 2 flexible plans from PayPal.

The first option, PayPal Pay in 3, will allow customers to split the cost of a new phone over 3 months with 0% interest, with 3 equal payments. The first payment will be taken with the initial purchase. Unlike most credit agreements, Pay in 3 only requires a soft credit check, so your credit score won’t be affected when applying. The decision is also instant, and there’s no late fees. Eligible phones must cost between £30 and £2000.

The second option is PayPal Credit, which allows you to split the cost over 12, 24, 30 or 36 months. This is more or less a traditional credit agreement, so a full (hard) credit search will be performed, which can affect your credit score. Similar to Pay in 3, there’s 0% interest, however if you miss a payment, the 0% offer may be removed, and you may have to pay late payment fees. Eligible phones must cost a minimum of £99.

VOXI previously offered PayPal Credit for phone purchases, however this was limited to only the 30 month option.

There is a small caveat, however. When purchasing a phone from VOXI with Pay in 3 or PayPal Credit, you will need to subscribe to a 30 day SIM only plan, starting from £10 per month. However, since this is a separate agreement offered by VOXI and only for 30 days, you can instantly cancel the plan, effectively only paying for 1 month. You don’t need to commit for the duration of your PayPal agreement. So you can essentially take advantage of the PayPal offer, and then leave VOXI instantly.

The new plans are available now for existing VOXI customers, and will be gradually rolled out for new customers this month.

Asda Mobile also offer the same PayPal Credit agreement with their phones. However, they don’t offer PayPal Pay in 3.