Nectar charges an establishment fee (see nectar.co.nz/rate-and-terms) plus interest to your customer. Interest rates are between 8.95% p.a. fixed and 29.95% p.a. fixed depending on the customer’s credit grade. The wide range of interest rates means we are able to offer finance to a broad range of customers and maximise the chance of the customer being approved.
NectarPay also has an interest free product where the interest cost is absorbed by the partner. Please talk to your relationship manager for further information.