10% DEPOSIT AND NOTHING TO PAY FOR 12 MONTHS (SUBJECT TO STATUS)
During the first 12 months you do not need to make any payments, you can simply pay the balance off in full at the end of the 12 month period and incur NO interest charges. You can however choose to make repayments at any time during the first 12 months or pay the balance off in full at any stage during this period and again incur NO interest charges.
At the end of 12 months, should you have chosen not to clear the balance, you will then start repaying the loan with monthly instalments by Direct Debit at a 16.9% interest rate over a period of 48 months. Again, during this period you have the option to settle the balance at any time to suit you.
(Minimum amount of loan £500)
Representative example: Cash price £2000, deposit £200, duration of the agreement 60 months, 16.9% APR fixed interest rate, nothing to pay for 12 months then repayments of £59.33 per month for 48 months, total amount of credit £1047.81, total amount payable £3047.81, representative APR 16.9%