With this facility you have 12 months from the installation date in which to pay back the ‘Amount of Credit’ with a £29 settlement fee. There will be no other charges or interest during this period.
If this is not paid back within the 12 months then you must begin making payments by direct debit over 120 months at a deferred interest rate of 19.9 APR.
Our funding options are protected by the Consumer Credit Act therefore your deposit and Guarantee are safeguarded, giving you extra peace of mind.
The payment date is shown on the Credit Agreement and you will also receive a reminder letter before this due date.