Here is how the billing cycle works assuming the month is July:
1. You make transactions between the 1st of July to 31st of July.
2. Your bill gets generated on the 2nd of August. This bill will include all your transactions in the month of July.
3. You can convert the bill into a payment plan till the 5th of August and then repay.
For instance, any order placed on 1st July or even on 31st July, it will get billed and the same needs to be repaid by 5th August.