PBF Representative Example

Buy Now Pay Later Finance / Bearing Credit Example

Buy now pay later with payments deferred for up to 6 months

Spread the cost with our buy now pay later finance available online and in store.

This finance option allows you to spread the cost of your purchase over 48 months with an agreed deferral period of 6 months.

Your agreement will start after delivery of your goods . At which point your 6 month deferral period will begin and interest will start accumulating on the balance owing. If the loan amount is voluntarily paid in full before the deferral period ends, interest will be waived but an early settlement fee up to £29.00 will apply. Unless the balance is cleared before the end of the deferral period, the monthly Direct Debit payments will start.

All you need to do is:

  1. Spend a minimum £600 and above
  2. Place a minimum 10% deposit plus your delivery charge
  3. Minimum finance amount after deposit £250 and above

This simple buy now pay later finance option helps you spread the cost of your purchases.

  • 48 months buy now pay later finance, with the first payment deferred for 6 months on orders of £600 and above

 

The table below shows you how much monthly repayments will be based on the total order value.

Order Value

Total Term (Months)

Defer Term (Months)

Deposit (10%)

Monthly Payments

£800

48

6

£180

£20.84

£1200

48

6

£120

£31.26

Representative example:

Cash Price £1,000

Deposit £100

Loan Amount £900

APR representative 14.9% p.a. fixed

Interest rate 14.9% p.a. fixed

48 monthly repayments of £26.05

Total term of loan agreement 48 months, with the first payment deferred for 6 months

Total Amount Payable £1350.40

Early Settlement Fee £29

No interest is payable on any payments made within the deferral period however will apply from day 1 once the deferral period ends

Interest Bearing Finance Example

36 months at 9.9% APR or 24 months at 11.9% representative interest bearing finance.

Spread the cost with our interest bearing finance available online and in store.

Our simple finance options allow you to spread the cost of your purchase over 24 or 36 months.

All you need to do is:

  1. Spend a minimum £600 and above
  2. Place a 10% deposit
  3. Minimum finance amount after deposit £500 and above

These 2 simple finance options help you spread the cost of your purchases.

  • 24 months at 11.9%interest bearing finance on orders of £500 and above
  • 36 months at 9.9% interest bearing finance on orders of £500 and above

The table below shows you how much the monthly repayments will be based on the total order value.

Order Value

Term (Months)

Deposit (10%)

Monthly Payments

£800

24

£80

£33.66

£1200

24

£120

£50.49

£1200

36

£120

£34.59

£160

36

£160

£46.12

Representative example:

Cash Price £1000

Deposit £100

Loan Amount £900

APR Representative 9.9%

Interest Rate 9.9% p.a. fixed

36 Monthly Repayments of £28.83

Total term of loan agreement 36 months

Total Amount Payable £1137.88

If you require any further information about finance please call 01495244226.

Credit subject to status and affordability. T&Cs apply. SofaSofa is a credit broker and is authorised and regulated by the Financial Conduct Authority.

Credit is provided by Novuna  Personal Finance, a trading style of Mitsubushi HC Capital (UK) PLC, authorised and regulated by the FCA. Financial Services Register no. 704348. 

The register can be accessed through http://www.fca.org.uk


If you require any further information about finance please call 01495 244226