Humm | BNPL

Buy Now Pay Later (BNPL) schemes offer instant access to credit and the items on our wish lists. They allow a shopper to make a purchase, pay an initial instalment, then clear the remaining balance in regular, automatic payments. Currently, there are six main BNPL providers in NZ. Here Canstar reviews and compares Humm with its competitors.

Logo of Humm, a Buy Now Pay Later service

How does Humm work?

Humm offers two different types of BNPL schemes through its app and website:

  • Little Things – credit of up to $1000 (repayments made in five fortnightly or 10 weekly instalments)
  • Big Things – credit of up to $10,000 (repayments made fortnightly over a period of six, nine, 12, or up to 24 months)

Little Things – you have the option of making both online and in-store purchases, and can purchase up to five items at any one time (as long as they stay within your credit limit).

Big Things – a fresh application is required for each purchase you want to make using Big Things. Humm then does a credit check and affordability assessment to determine the amount of credit they will approve. A $20 establishment fee applies upon paying the deposit. Plus there is a $2.50 per month account administration fee.

What are Humm’s late fees?

  • For both Big Things and Little Things, a fee of $10 applies each time a repayment is not paid by the due date for payment, payable two days after that due date
  • A collection fee of $30 applies each time a collection agent is needed to enforce repayment of an unpaid debt

How does Humm compare?

The display order does not reflect any ranking or rating by Canstar.

Provider Link to Provider Instalments Frequency Late Fee Late Fee Cap
go-to-site 4 Fortnightly $10 then $7 each week 25% of item cost
go-to-site 5/10 Weekly/Fortnightly $10 per missed payment None
go-to-site 10 Weekly $10 per missed payment None
go-to-site 6 Weekly $10 per missed payment $40
go-to-site 4 Fortnightly $3-$15 per missed payment $9-$45
go-to-site 4 Fortnightly $8 per missed payment $40

This information is not an endorsement by Canstar of BNPL schemes or any specific provider.

About Humm

Originally launched in Australia in 2019, Humm arrived in New Zealand towards the end of 2020. It replaced the previous BNPL provider Oxipay, offering a new focus on extending the BNPL model to bigger ticket items and new product categories.

Written by: Bruce Pitchers | Last updated: August 18, 2021