What are the fees in humm?

With Buy Now Pay Later offerings like humm, the consumer pays no or very little fees or interest. For Little things of up to $2000, there are no fees if you choose to pay over 5 fortnights. For longer timeframes and bigger buys, there are monthly fees and sometimes establishment fees. There are also fees that consumers pay, such as missed repayment fees.

What is Buy Now, Pay Later?

Buy Now Pay Later (BNPL) is a new finance alternative that’s revolutionising the way the world shops. It provides consumers with a micro loan at the point of purchase, which means you can take it now – from little things like trainers to big things like solar panels – and spread payment over a big time, always interest free.

Do you have to undergo a credit check to use humm Buy Now Pay Later?

It depends on whether you’re shopping humm Little things or humm Big things. With humm Little things, there is no credit check and you can be approved for a wallet of up to $2000 instantly. For humm Big things up to $30,000, further credit criteria applies.

What could affect my credit rating if I join humm?

Like with any form of credit, failing to meet your repayment obligations as set out in the humm T&Cs could affect your credit rating and affect your ability to be approved for future loans where the application involves a credit check.

Which stores are eligible for humm Buy Now Pay Later?

In order to accept humm, a store needs to sign on and form a partnership with humm. There are more than 20,000 stores in Australia that now welcome humm, from Myer, to IKEA, makeup to solar panels.

How do repayments work?

With humm, repayments are spread over time – over 5 or 10 fortnightly repayments for humm Little things, or up to 60 months for humm Big things. When you apply, you nominate a funding source for repayments which can be a bank account, debit card or credit card. Once nominated, repayments are deducted automatically from the account when they fall due. The humm app shows a schedule of repayments so you can keep track.

Home | FAQs | Does humm use credit checks?

Does humm use credit checks?

We’re a responsible provider of credit which means we need to take a few things into consideration when we assess your application. We may take a look at your credit score when you apply, but don’t worry, simply applying for humm won’t affect your score at all or leave a record on your credit file. For more information read our FAQs.

Get the humm app and buy now pay later.

Lending criteria, fees, T&Cs apply. An establishment fee between $35-90 and an $8.00 monthly fee applies for purchases with a term longer than 5 fortnights. A Bill Transaction Fee of $2 applies to all BPAY transactions and will be collected with the first payment. This fee will not apply to any other type of purchase.

Does humm use credit checks?

Get the humm app and buy now pay later.

Company

Customers

Business

Fine print