Nothing to pay until 2025
With this option, the balance of the contract is deferred for a period of time. During the deferral period you can if you wish, although you are not required, make payments to reduce the balance.
If you repay all of the balance by the end of the deferral period, you will pay no interest, there may be an exit fee of £29 on some funding products.
However, if you fail to repay all of the balance by the end of the deferral period, you will incur interest which will be backdated to the date your agreement commenced and potentially fees.
Credit Subject to Status, Offers Subject to Change without notice, Offers not available on all products, Ask for a personalised quotation.
Example Payment:
| Representative APR 19.9% variable | |
|---|---|
| Cash Price | £3,500 |
| Deposit of | £0 |
| Total Loan Amount | £3,500 |
| Repayable by 36 Monthly Payments of | £71.97 |
| Total Charge for Credit | £5129.20 |
| Total Amount Repayable | £8629.20 |