Example: Classic Credit 36
Our Classic Credit 36 scheme is simply an interest bearing loan repayable over 36 months. The following example is based on item(s) purchased worth £1,200.00.
| Cash price (inc. VAT & Del) |
£1,200.00 |
| Deposit (5%) |
£60.00 |
| Amount of loan |
£1,140.00 |
| Interest/Total charge for credit |
£349.68 |
| Service Fee |
£0.00 |
| Total Amount Payable |
£1,549.68 |
| Balance Payable |
£1,489.68 |
|
36 monthly repayments of
|
£41.38 |
| APR |
19.9% |