Interest bearing loan
You can also choose to spread the cost of your home improvement with an interest bearing loan from the start of your agreement.
This allows you to pay for your windows, doors, conservatory or other home improvement through fixed monthly repayments over an agreed term.
Representative example
- Cash Price: £8,000
- Deposit: £0
- Amount Borrowed: £8,000
120 monthly payments of £107.47
- Total Repayable: £12,896.40
- Interest Rate: 10.9%
- Representative APR: 10.9%
Buy now, pay in 3 months
Our Buy Now Pay Later option allows you to defer payments for 3 months from installation.
During this 3-month deferred period, you can settle your balance without paying any interest by simply paying the amount borrowed plus a £29 exit fee.
If you do not settle the balance within the 3 months, interest will have accrued from the start of the loan agreement on any amount outstanding at the end of the deferred period. You can then repay the remaining balance by 120 monthly instalments at a fixed rate of 14.9% APR.
Representative example
- Cash Price: £8,000
- Deposit: £0
- Amount Borrowed: £8,000
Simply pay the amount borrowed within 3 months of installation and settle interest free. A £29 exit fee applies.
Alternatively, pay 120 monthly payments of £126.97.
- Total Repayable: £15,236.40
- Interest Rate: 14.9%
- Representative APR: 14.9%
Early repayment and settlement
You can repay some or all of your loan early. If you choose to do this, you must contact Novuna Personal Finance directly.
If you repay the loan in full within the Buy Now Pay Later period, Novuna Personal Finance will not charge you interest. However, a £29 settlement fee will apply.
If you repay part of the loan within the Buy Now Pay Later period, Novuna Personal Finance will not charge you interest on the part of the loan you repay. At the end of the Buy Now Pay Later period, you must continue to make your monthly repayments until the loan has been repaid in full. Making repayments during the deferred period may mean you repay the loan sooner than originally agreed.
If you repay all or part of the loan after the Buy Now Pay Later period, you may be entitled to a rebate of some of the interest charged to your account. Novuna Personal Finance will reduce the balance of your account by the amount of any rebate, calculated in line with the Consumer Credit (Early Settlement) Regulations 2004.
If you repay part of the loan early, your monthly repayment amount will usually stay the same, but the overall loan term may be reduced.
To make an early repayment or request a settlement figure, please contact Novuna Personal Finance.
Phone: 0344 375 5500
Calls to 0344 numbers are charged at a standard landline rate. Mobile charges may vary. Charges will apply to calls from outside the UK.
Postal address:
Novuna Personal Finance
2 Apex View
Leeds
LS11 9BH
Status Disclosure.
Authorised and regulated by the Financial Conduct Authority. EYG Domestic Limited, Dairycoates Industrial Estate, Wiltshire Road, Hull, HU4 6QQ (FRN No. 720510) act as a credit broker and not the lender. Credit is subject to status and affordability and is provided by Mitsubishi HC Capital UK PLC.
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