How much will my Pay Over Time payments be?
With Pay Over Time1, your loan is split into equal payments. Just a one-time fee per loan based on the transaction amount.
How many Pay Over Time loans can I open?
You can have up to four active Pay Over Time loans at once, each with its own schedule and due dates. Make manual payments on or before the due date, or set up automatic payments using your Varo Bank Account to ensure you never miss a due date.
Track your outstanding balance, upcoming payments, and past loan history directly in the app. If you miss a payment date, a late fee2 of up to $5 may be added to your outstanding balance.
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1Pay Over Time eligibility and available amounts are based on your unique account history and activity. Certain transactions are not eligible for financing, including money transfers and transactions under dispute. Qualifications apply.
2For each missed payment, a late fee of up to $5 may be applied to your outstanding balance. The total late fees per Pay Over Time loan is capped at 25% of the total purchase amount.