Why pay more just because you pay monthly? Bikmo offer 0% interest monthly payments on any policy.
How does it work?
Sometimes, paying the full value of a product or service upfront is prohibitive and the option to spread payments over a number of months can make a purchase more manageable.
However, there is often a significant increase in cost by doing so, caused by high interest rates set by the provider. We don’t think this is the right way to do things; people should be free to pay monthly without being penalised for it so, with Bikmo, we’re offering a 0% interest free monthly payment option.
When you complete a quote, are happy with the price and have confirmed all necessary details, you will be presented with two options for payment:
- Annual payment, where the full amount for the policy is paid upfront
- Monthly payments, 12 equal monthly payments to spread the cost
0% monthly payments case study
Ben wanted to insure his mountain bikes, but couldn’t afford a full upfront payment. He saw Bikmo gave the option to pay monthly but, unlike many other providers, they charge no interest on monthly payments.
This meant Ben was able to spread the cost of his insurance over the course of a year, but pay exactly the same total amount as if he’d paid for an annual policy.
Is there a minimum total price before the 0% Monthly Payments become an option?
No, 0% monthly payments are available to anyone who takes out a Bikmo insurance policy.
Are the 12 monthly payments the same?
Yes, so you'll know exactly how much will come out each month, the premium is divided equally between the 12 monthly payments.
Key words: premium