PayBreak Ltd, trading under the brand afforditNOW, is a UK fintech lender since 2013 offering consumer credit solutions primarily for point-of-sale retail finance. It provides instalment plans, buy-now-pay-later, and subscription credit options through a digital platform. The lender suits UK-based retailers wanting flexible retail finance products to enhance checkout conversion but is less relevant for those seeking working capital or B2B loans. For broader context on loan options, see our business loans overview and unsecured business loans guide.
Key Features of PayBreak Ltd (afforditNOW)
afforditNOW offers integration and support features designed for seamless use by retailers, backed by regulatory compliance and technology-driven convenience.
- Instant online credit decisions, often within 10 seconds, supporting quick customer flow and linked with instant decision loans.
- Multiple finance options including interest-free, interest-bearing, BNPL, and subscriptions, allowing retailers flexible payment plans (business loans).
- Soft credit checks at the quotation stage that protect customer credit scores, relevant for loan eligibility requirements.
- Omni-channel integration via APIs, e-commerce plugins, and in-store tablets easing deployment for merchants (unsecured business loans).
- Paperless processes including e-signature and ID verification compliant with FCA and GDPR standards (loan application process).
Funding Eligibility
Merchants typically need at least 12 months of trading history and an annual turnover near £100,000 to qualify. Consumers must be UK residents aged 18 or older with regular income. Eligibility also includes credit and affordability checks to support responsible lending. For detailed qualification guidance, visit our how to qualify for a business loan and credit score requirements overview.
Loan Options
afforditNOW offers four main retail finance products with varying amounts, terms, and rates designed for consumer retail purchases.
- Interest-Free Retail Finance: £250 to £7,500 over 3 to 12 months at 0% APR fixed. No customer fees but merchants pay subsidy fees. Suitable for quick, no-interest instalments with a fixed short term. More on unsecured business loans.
- Interest-Bearing Retail Finance: £250 to £15,000 over 12 to 48 months with representative APR between 9.9% and 19.9%. No customer arrangement fees; merchants pay service fees. Offers longer terms and fixed rates for payment certainty. Related representative APR details.
- Buy Now Pay Later (Deferred Start Finance): £250 to £7,500 with a 6-month interest-free deferral, followed by 24 to 48 months repayment at 19.9% APR if not paid within deferral. Ideal for upfront deferral but higher rates apply post-deferral. See business loans.
- Subscription & Recurring Finance: £50 to £2,000 rolling credit limit with flexible weekly, fortnightly, or monthly payments at 0% to 19.9% APR. Supports subscription models and recurring payments but credit limits constrain high-ticket subscriptions. More on unsecured commercial loans.
How to Apply
The application process is fully online for both merchants onboarding via a portal and consumers via checkout or tablets. Decisions for consumers typically happen in under 10 seconds, while merchant setup takes 3 to 5 business days. Merchant settlements follow within 24 to 48 hours after customer confirmation. Required documents include business incorporation papers, management accounts, bank statements, and FCA authorisations for merchants; consumers provide address history, debit card, bank account details, and photo ID.
- Submit an online merchant onboarding application and consumer credit request (application form).
- Provide necessary documentation as outlined in eligibility and application guides (loan eligibility requirements).
- Allow time for credit and affordability checks during application verification stages.
- Complete e-signature and identity verification to finalise agreements.
Funding Agent’s View on afforditNOW
PayBreak’s afforditNOW platform offers a variety of unsecured retail finance products tailored to UK merchants aiming to boost sales via instalment and BNPL borrowing. Its technology-led approach offers fast decisions and modular integrations, appealing to e-commerce and omni-channel retailers. However, its consumer-only credit focus and transaction minimums restrict use for B2B or very low-value purchases. Retailers seeking flexible retail credit solutions with regulatory compliance may find afforditNOW suitable. To explore further, check our loan eligibility requirements, use our loan comparison tools, or read about unsecured business loans.
