Flexible finance means that you can choose a repayment schedule that works for you. A Flex Finance loan means you can change how much you want to pay back and when. Flexible finance can mean flexible loans, or consumer financing.

What are flexible loans?

Flexible loans in the UK are loans which allow you to withdraw a certain amount of money up to a specific limit, as and when you need it. Flexible loans are especially useful if you are unsure how much you need. With most flexible loans in the UK you are only charged based on what you withdraw. These loans are also called Flex loans or Flex credit. 

Some flexible loans have features that let you overpay, so you can repay the amount borrowed quicker. Some allow early repayments, where you pay off the remaining balance of your loan entirely, whilst others charge a fee for this. Flexible loan providers also allow payment holidays. Payment holidays mean you take a break from repayments for a specific amount of time. You will still be charged interest in the balance during a payment holiday.

What is Flex Finance?

Flex Finance is a flexible loan offered by Portify. Flex Finance allows you to get quick financing, even if your earnings are volatile. Flex Finance is a safety net that allows users to withdraw up to £250 interest-free. 

Screenshot of Flex Finance within the Portify app
Flex Finance by Portify

Flex Finance repayments are completely flexible and on your terms, you can repay in installments, or pay the entire amount back the next day!

To find out more about Flex Finance go to the Portify homepage.

Flexible finance for products

Flexible finance isn’t just offered for loans. Flexible financing can also relate to consumer financing. Consumer financing is an option where a consumer can buy a product and pay off the full amount in installments. Also called the ‘buy now, pay later’ method, flexible finance is a way to make purchases without having to pay the full cost up front. 

Make sure when choosing this method that you continue to budget in order to pay back the  full-amount in installments. Some flexible financing options are only interest-free for a certain period of time. Going over this limit could incur fees. 

Some buy now, pay later providers may also run a credit check to determine your creditworthiness. Bear in mind that numerous credit checks in a short period of time can negatively impact your credit score. 

When applying for a flexible finance solution make sure you check the terms and conditions and fine print. Remember to check if there are: 

  • Late repayment fees
  • Hard or soft credit checks 
  • Time limits to interest-free repayments 

Some shops offer flexible financing options independently, whilst others use a platform. 

Some providers in the UK are Klarna, Clearpay, Laybuy, Payl8r and Openpay. These platforms partner with businesses to offer you a buy now, pay later option on various purchases. For instance, Klarna in the UK has partnered with well known brands such as Asos and Topshop. 

Other firms offer flexible financing options independently. Generally, these tend to be for larger ticket items.

See below for a list of high street stores offering flexible financing options.

9 high street stores offering flexible financing

  • DFS offers flexible repayment options with 4 years of interest free credit. 
  • B&Q offer a ‘finance it your way’ option, with various options including 5 years of interest free credit
  • Carphone warehouse offer flexible credit options for order £99 and over
  • Currys PC world offer flexible financing options for any purchase over £99 
  • IKEA offer online and in-store flexible finance options with interest free time periods lasting between 4 and 36 months, depending on how much you spend
  • Appliances Direct offer flexible financing for up to 48 months if you spend over £99 
  • Indigo Furniture offer interest free finance for 24 months 
  • Halfords offer flexible financing from purchases of £99 through Klarna
  • Laptops Direct offer flexible financing from purchases of £99 and more, for purchases over £275 you can pick a plan that lasts up to 48 months


Lauren Robson is the digital communications manager at Portify.

This Post Has 2 Comments

  1. Great content, quite educative.

    1. Thanks Oluchi!

      – Lauren

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