Finance

How the product works:

• No payments due for a 12 month period at the start of the agreement

• No interest to be paid if the agreement is settled before the end of the holiday period (except a £29 admin fee)

• Equal monthly repayments for duration of the agreement after holiday period (including interest calculated at inception of agreement)

• Interest rate is fixed @ 12.9% APR  representative over 4 years

• Available on purchases between £500 and £25,000

​

Representative example:

​

• Price: £1,000

• Advance payment: £0

• Amount of credit: £1000

• Interest rate: 19.9% p.a fixed

• Representative: 19.9%APR

• Total term: 36 months

• 12 month payment holiday followed by 24 monthly payments of £59.13

• Total amount payable: £1,419.12

​

Important: Interest is calculated from the start of the agreement, which means interest will accrue during the holiday period

​

What is a personal loan?

A personal loan is a form of flexible unsecured lending. This means you don’t need to put up collateral, for example property assets, to get approved. Whether you’re buying a new car, renovating your home, planning your wedding or looking to consolidate high interest debts, a personal loan with low interest could help you achieve your goals.

​

What happens if you fail to repay a loan?

Answer – If you’re unable to repay your loan, we’re here to help. It’s important that you contact our Collections Team on 0344 375 5488. Once we understand your current circumstances, we’ll be able to advise the most suitable option or establish a payment arrangement that is affordable for you.

 

We may ask for information about your financial situation to ensure we put the most suitable arrangement in place. If you’re experiencing financial difficulties, we may signpost you to a free debt charity called Step Change, who will be able to offer you confidential support.