HUMM
What is HUMM? & How Does It Function?
Humm offers two product categories: Buy Little Things and Buy Big Things.
Humm’s Buy Now, Pay Later program differs slightly from others. Purchases are divided into Little Things for transactions up to $2,000 and Big Things for purchases ranging from $2,000 to $30,000.
Each category has its own approval criteria, but our interest-free policy remains consistent.
Buy Big Things: After approval, you can access up to $5,000 for significant online or app-based purchases. Repayments can be made in instalments over 6, 12, or 24 months, or through a monthly plan extending up to 60 months.
Buy Little Things: You could qualify for up to $2,000. You have the flexibility of making five fortnightly or ten weekly repayments. Furthermore, once your balance is cleared, you can make additional purchases.
How to Register?
o register with Humm, download their app and follow the prompts to set up your account. During registration, you’ll need to specify your repayment method, whether it’s a bank account, debit card, or credit card. Payments will be automatically deducted from your chosen account when they’re due. You can easily monitor your repayment plans in the Humm app.
Humm typically imposes no or minimal fees and interest on consumers. However, if you opt to repay your Little Things and Big Things purchases over five months, you’ll incur an $8 monthly fee. Additionally, longer repayment periods or larger purchases may incur monthly fees and establishment costs ranging from $35 to $90, depending on the total cost of your Big Things item.
Furthermore, consumers are responsible for late payment fees and penalties for missed repayments.