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Changes are coming to Buy Now, Pay Later

Here’s what you need to know about the 0% Interest Payment Plan.

Starting 10 June 2025, new government regulations will come into effect that reshape the way all Buy Now, Pay Later (BNPL) products are provided in Australia.

There will be some changes to how Brighte’s 0% Interest Payment Plan is distributed and how customers apply.

Let’s break it down so you know exactly what’s changing (and what’s staying the same).

What’s staying the same?

The 0% Interest Payment Plan’s core offering continues to deliver flexible, affordable finance with no interest.

But one exciting update, we’ve increased our finance limit from $45,000 to $55,000. Helping customers to install larger upgrades and allowing you to close more deals.

0% Interest Payment Plan at a glance

Feature

Details

Finance amount

$1,000 – $55,000

Repayment terms

6 months to 10 years

Interest rate

0%

Eligible products

Solar, batteries, home electrification and improvement solutions

Payment frequency

Fortnightly

Payment methods

Direct debit, debit/credit cards

Customer fees

  • $2.30 weekly account-keeping fee (included in repayments)

  • $75 establishment fee (paid on first repayment)

  • $4.99 late fee may be applied (capped at $49.90 annually)

  • No early repayment fees

  • Other standard fees and charges may apply

Eligibility criteria

  • Must be a homeowner, primary occupier of a property or Brighte approved associate of a homeowner of a property
  • Employed, self-employed, retired or a pensioner
  • Hold a verified/active ID (e.g., licence, passport, or medicare card)
  • Must have a valid email, mobile number, and Australian installation address
  • Income must support the repayment obligations

Note: All applications are subject to Brighte’s credit approval. Fees, terms, and conditions apply.

What’s changing?

From 10 June, all 0% Interest Payment Plans will be regulated under:

  • The National Consumer Credit Protection Act 2009 (NCCPA)
  • The National Credit Code (NCC)
    • This means Brighte’s 0% Interest Payment Plan will be offered under Brighte’s Australian Credit Licence No. 508217.

Why this matters: You’ll need to understand and comply with new distribution and compliance obligations to keep things running smoothly.

New application process

Applying for the 0% Interest Payment Plan will still be easy, but customers will see a few key updates in how their application is handled by Brighte.

Vendor steps

  1. Create a customer referral via Brighte’s vendor portal or app.
  2. We’ll automatically send your customer a link to complete their application.
  3. Your customer completes their Brighte 0% Interest Payment Plan application.
    • Note that Customers must complete the Brighte application themselves.
  4. Brighte assesses the 0% Interest Payment Plan application and notifies customer of their outcome.
  5. You can track your customers Brighte application outcome via your Brighte Vendor portal or app.

Compliance and sales practices: what you must do

Customers must meet Brighte’s ‘Target Market Determination’ (TMD)

  • Ensure customers meet the 0% Interest Payment Plan’s target market and eligibility criteria.
  • Review Brighte’s TMD and ensure you do not refer customers to Brighte who are not the right fit for Brighte’s 0% Interest Payment Plan.
  • Refer to Brighte's Target Market Determinations

Sales conduct

  • Avoid high-pressure tactics, misleading claims, or exploitative behaviour. For example, about a customer’s eligibility for subsidies, rebates or bill savings.
  • Do not take advantage of vulnerable customers.

Reminder: Good sales practices aren’t just regulatory requirements, they help build lasting trust with your customers.

Need to speak with Brighte?

Reach out to our dedicated support teams: