Business Finance FAQs

Asset Finance Coronavirus FAQ's

What will happen to interest / hire charge?

It is important to remember that you'll still be charged interest or hire charge during your payment holiday. If you are accepted for the payment holiday, the additional interest or hire charge will be spread over the remaining payments.

An explanation of how much additional interest or rental costs will be payable and the change will also be sent in writing via email or post.

We will obtain your agreement to proceed before applying any changes.

Related questions

How we're supporting our customers through Coronavirus disruption Is a Payment Holiday the right thing for me? What is a payment holiday (also known as payment freeze and payment deferral)? Who can request a payment holiday? Will this affect my credit rating? When will my payment holiday begin? What if my payment holiday is coming to an end? What effect will delays in the postal system have on my Agreement? What if I need more help?

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