Example: Classic Credit 48
Our Classic Credit 48 scheme is simply an interest bearing loan repayable over 48 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 |
£475.68 |
| Service Fee |
£0.00 |
| Total Amount Payable |
£1,675.68 |
| Balance Payable |
£1,615.68 |
|
48 monthly repayments of
|
£33.66
|
| APR |
19.9% |