How do Monthly Installments work?
Payment
Once you have selected the payment method in local currency, you can pay in monthly installments. Simply, choose the 'Credit Card in Local Currency' as your payment option when you make your purchase in the grabr.io app with cards from: Brasil, Perú and Colombia.
We will show you the cost every time you choose to pay in installments with Grabr, calculated according to each country's official legislation. The interests can vary depending on the bank or entity that issued the credit card you want to use to pay.
Below, you can see the installments plans and their respective interests per card:
Perú and Colombia
We currently offer credit card payments in up to 12 installments with and without interest, the amount and interest of the installments offered depend on the card issuer, so we will not be able in all cases to show the value of each installment on our platform.
Brazil
We currently offer payments in up to 12 installments with, and without, interest fees. To pay zero installment fees, please select the payment method 'Mercado Pago' (promotions may vary). The amount of each installment and it's interest rate (if applicable) will be visible in the checkout page, and depends entirely on Mercado Pago's promotions with certain banks and cards. See more about it here.
Please see below the interest rate accordingly to the amount of installments chosen, when not using Mercado Pago as payment method:
