Buy Now, Pay Later Option
(Nothing to pay for 12 Months)
Representative Example:
Cash Price: £11,000
Deposit: £1,000 (Minimum 10% deposit)
Amount of Credit: £10,000
Interest: 9.9% p.a. (Variable)
Representative APR: 9.9%
Total Loan Term: 60 Months
Deferral Period: 12 Months
Monthly Instalments: 48 Months
Monthly Instalment Amount: £278.22
Total Cost of Credit: £3,354.71
Total Amount Payable: £13,354.71
Important: Interest is calculated from the start of the agreement, which means interest will accrue during the 12-month holiday period, even though no payments are made during that time.