Accelerated Payment
Exclusively used in the Home Improvement sector the Accelerated Payment credit option is perfect for large ticket purchases as the customer can take advantage of spreading payments over agreed terms up to 96 months.
How it works for the customer
- A monthly interest rate is applied
- Equal monthly repayments
- The customer can settle their agreement at any point
- Overpayments will reduce the interest charged against the outstanding balance
- The customers’ first payment will be approximately 1 month after delivery/installation of goods/ services
How it works for you
- The typical term for this finance product is 60 or 96 months for purchases with a value of £500 to £25,000.
- A commission will be paid for offering this type of finance option.
