Buy Now, Pay Later

Entice your customers in by offering them a repayment holiday at the start of their agreement, allowing them to enjoy all of the pleasure of their new purchase with none of the pain. Better yet, if your customer repays the agreement before the end of the holiday period, they will pay no interest (early settlement fee of £29).

Key Benefits:

  • Initial holiday period.
  • First payment will be stated on the agreement form.
  • If agreements are settled within the holiday period, the customer will pay no interest.
  • Otherwise, equal repayments (including interest calculated at 29.8% APR) will be made monthly.
  • Interest applied at agreed rate.
  • A range of payment and deferral terms available on purchases between £500 and £25,000.

Example:

Borrow £500 and pay it all with in the period and pay £29 to settle the account (nothing more)

Go over the agreed period and £21.55 a month for 48 months (Total of £1034.40)

Borrow £1000 and pay it all with in the period and pay £29 to settle the account (nothing more)

Go over the agreed period and £43.09 a month for 48 months (Total of £2068.32)

Interest Option

The Interest Option solution allows customers to save on the interest if the loan is settled early, otherwise paying an agreed interest rate over a fixed period of ( 2, 3 or 4 years)

Key Benefits:

  • Interest of 19.90%APR applied at an agreed rate.
  • Repayments start approximately one month after delivery of goods/services.
  • Allocated option period.
  • If payment is settled with the option period, no interest is payable.
  • Otherwise, loan repayments are made on a monthly basis.
  • A range of payment and deferral terms available for Interest Option on purchases between £500 and £25,000.
  • A subsidy or commission can be applied depending on the amount borrowed.

Example:

Borrow £500 and pay:

£25.04 a month over 24 months (Total of £600.96)

£18.15 a month over 36 months (Total of £653.40)

£14.77 a month over 48 months (Total of £708.96)

Borrow £1000 and pay:

£50.07 a month over 24 months (Total of £1201.68)

£36.30 a month over 36 months (Total of £1306.80)

£29.53 a month over 48 months (Total of £1417.44)