Early repayment fees

[nw77]

What happens if I take a twelve month payment plan out but pay it all off in three, do I still pay all of the interest or get an early repayment fee added?

[sharpiemarker]

@nw77 

There's only fees for:

Late Payments
If you’re late with a payment, PayPal may charge you a late payment fee of £12.

Returned Payments
You may be charged a return payment fee of £12 if you have insufficient funds to cover the payment.

Statements (Paper Copy)
We also charge a fee of £5 if you request that we send you a printed copy of a previous statement. All statements are available to download or view online within the PayPal Credit section of your PayPal account.

For more information on how these fees apply, please refer to the Outline of Credit, the Standard European Consumer Credit Information document or the Credit Agreement.

I can't find any thing about having to pay all the interest when repaid early and early repayment fees so please review the credit agreement.

You can also check the PayPal Credit terms on the merchant website to see if there are such terms. All I can find on the PayPal Credit UK site about installments is this (nothing about paying all the interest if repaid early and early repayment fees):

"How do instalment offers with PayPal Credit work?

You can choose to spread the cost for longer using instalment offers with PayPal Credit. This finance option is available at selected online stores and enables you to spread the cost over 6 to 24 months at promotional interest rates lower than PayPal Credit’s standard rate of interest. You have to make the agreed repayment amount each month until your balance is paid off."

There's also a PPC customer service number on this page:

https://www.paypal.com/uk/smarthelp/article/how-do-i-repay-my-balance-early-faq2900