Here is an example of a Stove supply, fit and installation job costing £1200 with no deposit and monthly payments of £60 per month over 2 years.
Read below for a full breakdown.
Cash Price £1200
Amount of credit £1200
Arrangement fee £50
Option to purchase fee £0.00
Interest charges £240
Total charge for Credit £290
Flat interest rate per year £10%
(not including arrangement fee)
Typical APR = £25%
Total Amount Payable £1490
The Credit and the charge for credit is Repayable by:
1 monthly payment of £100
22 monthly payments of £60
1 final payment of £60
All finance is subject to status. This is a typical example only.
Available finance is arranged and managed via a third party finance company that is fully regulated by the FSA. Ask for further details.