humm Review

Find out about humm's financial services and their offerings, fees and terms with Savvy today.

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, updated on February 13th, 2024       

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humm is a buy now, pay later (BNPL) service, enabling users to spread out the cost of their purchases. Before making any decisions about whether to use humm, understanding its service fees, terms, and more is essential. Fortunately, you can explore these details with Savvy. Dive into our analysis of humm's offerings and discover potential alternatives with us today!

Rates and product information are correct as of 13 February, 2024.

humm Review

How do humm's BNPL solutions work?

As a BNPL service, humm enables you to make purchases both online and in-person at partnered retailers from $1 to as much as $30,000 and space out your repayments over a period of up to 72 months. However, the maximum amount you can spend and term you can choose will ultimately depend both on your capacity to repay the debt and the partnered store’s terms in relation to humm.

To qualify to use humm’s services, you’ll need to meet the following criteria:

  • At least 18 years old
  • Permanent Australian resident
  • Have a valid mobile number
  • Hold permanent employment with at least 20 hours of work per week or are earning an aged or veterans’ pension

What will the cost of a BNPL deal through humm be?

There are several fees which apply to a humm purchase. These are:

  • Monthly fee: $8
  • Establishment fee: $30 to $110 (for first-time users only)
  • Repeat purchase fee: $29 (for those who have bought with humm before)
  • Late payment fee: $6

For example, if you had used humm before and made a $1,000 purchase to be repaid over six months, you would repay the $1,000 in addition to a repeat purchase fee of $29 and monthly fees totalling $48, resulting in an overall cost of $1,077.

Can I qualify for funding with humm if I have bad credit or receive Centrelink payments?

As mentioned, you can qualify for a humm account if you’re earning income through an age pension or veteran payment. Aside from this, you’ll need to be working at least 20 hours per week in a permanent position. No other forms of Centrelink payment are accepted as income in its calculations. In terms of whether you can apply with bad credit, it states that all borrowers must meet its credit assessment criteria, so it’s worth checking with humm whether you might qualify if you’re seeking out an account.

What are the pros and cons of BNPL with humm?


  • Convenient shopping experience: BNPL services like humm allow consumers to make purchases and pay for them later, often in instalments, without the need for immediate payment at the time of purchase, offering convenience and flexibility.
  • Interest-free: there’s no interest charged as part of humm’s service, setting it apart from other loans with potentially high interest.
  • Fast and simple applications: provided you meet humm’s eligibility requirements, the process of purchasing products with humm can be a very quick and easy one.


  • Steep fees: while some BNPL services charge few to no fees, the costs in place to use humm are quite steep, from establishment to ongoing fees.
  • Risk of overspending: BNPL can lead to overspending as consumers may be tempted to make purchases beyond their means, especially with the convenience of deferred payments and instalment plans.
  • Impact on credit score: while BNPL may not initially affect credit scores, missed payments or defaults can negatively impact credit scores and future borrowing opportunities, potentially leading to financial difficulties.

What are the potential alternatives to using humm?

An alternative to taking out a BNPL deal through humm is applying for a small loan through Savvy. We’re partnered with a variety of Australian lenders to help borrowers access the funds they need fast.

Follow these simple steps to apply for your small loan through Savvy today:

  1. Complete our application form, providing pertinent information such as your credit score, income, employment details, and preferred loan amount, which ranges from $2,050 to $5,000.
  2. Submit your application and promptly receive an instant automated decision from one of our partnered lenders.
  3. Upon conditional approval, your application will undergo assessment by your designated lender, which may necessitate additional documentation.
  4. Following lender approval, you'll be furnished with formal approval and loan documents delineating your loan terms, fees, repayment schedule, and other pertinent details.
  5. Upon signing and returning the documents, your funds will be swiftly transferred to your designated bank account, which can occur as soon as the same day you apply.
Apply now

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The information on this website is of general nature and does not take into consideration your objectives, financial situation or needs.

For loans between $2,050 and $5,000, the APR is between 21.24% (minimum) and 48% (maximum) per annum. Comparison rate of 65.4962%. Minimum term is 16 days and maximum term is 24 months. The cost of the loan is a $400 establishment fee and monthly interest charged on the amount borrowed. For example, a loan of $3,000 over 3 months with an APR of 48%, (comparison rate of 65.4962%), will have an establishment fee of $400, monthly repayments of $1,225.20. Total repayments of $3,675.60 and total interest payment of $275.60.

Warning: A comparison rate indicates the true cost of a loan. Comparison rates are true only for the examples provided and may not include all fees and charges. Different terms, fees or loan amounts might result in a different comparison rate.