Coles Instalment Plans

Payment options to help manage your finances¹

Whether it’s organising or paying off a holiday, planning a wedding or just fixing up the house, Instalment Plans help to give you more time to pay off your purchases at a lower interest rate.  

It lets you split your purchases into smaller monthly instalments, over a set term that works for you. 


You can access Coles Instalment Plans without going through another credit check.


No early repayment fees. Pay the instalment plan back as quickly as you like, with no penalty.


Budget better with fixed monthly repayments on the amount you convert. 

Find a plan to suit you


Cash Instalments

Turn your credit into cash by accessing from $500 up to 90% of your available credit limit. 

Whether it’s tackling an online training course or paying for some overdue home improvements, now you can make it happen.


Statement Instalments

Convert retail purchases straight away included in the closing balance from your last statement. 

Turn some or all of your eligible purchases into monthly repayments to easily manage your credit balance. A minimum conversion of $500 applies.


Transaction Instalments

Convert retail purchases straightaway of $50 or more that is yet to appear on your statement.

Kit out your new home gym or freshen up the décor - however you treat yourself, convert those purchases into simple monthly repayments. 

Instalment plan offers are subject to eligibility. Terms and conditions apply.

Ready to set up an Instalment Plan?

 1300 066 985

Monday to Friday 9am to 5pm AEST

If eligible, we can process your request over the phone and your plan will be set up straight away.

Most commonly asked questions

Yes, the Coles Instalment Plan uses part of your existing credit limit. Every time you make a repayment, the amount paid becomes available again.

You may still be eligible if you pay the closing balance on your statement by the Payment Due Date each month (excluding any instalment plan balance which isn’t due for payment by that Payment Due Date).

Yes, you can pay off your Coles Instalment Plan anytime, without early repayment fees. Please call us on 1300 306 397 to arrange this.

Terms & conditions

1A Coles Instalment Plan is subject to eligibility and only available if Your Account is and remains in good standing. Your Coles Instalment Plan uses part of your existing Credit Limit. As you pay off your Coles Instalment Plan, the amount you pay off will become available for you to use again as part of your Credit Limit at the standard Annual Percentage Rate (APR) applicable to your Account. 

If Your Coles Instalment Plan(s) are cancelled, the full outstanding balance of Your instalment plan(s) will also revert to:
i. the Retail Purchase rate for transaction instalment plans and statement instalment plans and
ii. the Cash Advance rate for Coles cash instalment plans.

If You make a payment which exceeds the Minimum Payment Due plus any Overdue and Overlimit Amount:

  • the excess amount will be applied first to pay the balance of Your Account excluding any Main Instalment Plan Balance; and
  • any further excess will be applied to pay the main Instalment Plan balance(s) (which results in an Extra Payment); and
  • where there are multiple Coles Instalment Plans, unless You otherwise direct, We will apply Extra Payments to Coles Instalment Plans in the order of Instalment Plan APR (first to the Instalment Plan(s) with a higher APR), and if more than one has the same Coles Instalment APR first to the Coles Instalment that is set up earlier.

During the cycle in which the Coles Instalment Plan is set up, you will be charged an initial interest charge on the main Coles Instalment Plan balance. Subsequent cycles will have an instalment for each month of the term. Interest will be charged on Instalment Plan from when the Coles Instalment Plan is created until it is cancelled or repaid in full.

If, you fail to pay the minimum payment due and any Overdue and Overlimit amount by their payment due date, interest at the retail APR will be charged on any unpaid instalment or initial interest charge component (and any interest calculated on them). We may also cancel the Coles Instalment Plan. If your Instalment Plan is cancelled, any main Instalment Plan balance will revert to the underlying balance type and the APR and interest.