According to the bank, the solution can be used anywhere, and debit and credit card payments are accepted. CommBank will begin rolling out the solution to eligible customers starting mid-2021. The offering will be linked to a CBA bank account and will allows customers to split purchases over four instalments.
Eligible customers will be allowed to apply for the product after they submit proof of a regular salary deposited into a CBA transaction account which can cover repayment instalments. The bank informed that the offering will only be available to customers following internal and external credit assessments.
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