Wickes Finance Agreement
Important information is detailed in the loan agreement and customers are reminded to carefully read the loan documents provided to them before signing the loan agreement. Also known as a deferred interest rate agreement, this is usually the plan that causes the most confusion. With this type of plan, you tend not to make payments for a certain period of time, such as 12 months.B. Look for phrases such as “Take a 12-month payment vacation” or “Buy now, pay 2018.” In most cases, minimal expenses are required to qualify for this type of deal, which can start at as low as £250 but can reach £3,000. Once the initial steps are completed, you can repay the loan with no interest charges (typically only a minimal billing fee of around £25 is required). At peak times of the year, you sometimes find that retailers offer a combined store, a financing offer that chooses the best of the deals described above. This can sometimes take the form of an interest-free agreement with a small or no deposit and a “buy now, pay later” element. This means that for the first 6 or 12 months after the payment of the interest-free agreement, you do not have to pay anything monthly for the agreed period. These are naturally very attractive and little-used offers, so keep your eyes peeled for these. Another option you should consider is a fixed-interest loan. Here, a standard loan is offered by the dealer over a fixed period of time such as 3 to 5 years with interest set for the term.
We review financial offerings from major UK retailers on a daily basis, including B&Q, Homebase, IKEA, John Lewis, Magnet, Wickes and Wren, so you don`t have to. On our website you will find the most up-to-date details about each retailer`s financial plans, including interest rates, required deposits and repayment terms so you can get the best deal for your needs. Read below to find out what each plan offers to help you decide which one is best for you, or click on the links here to view the current selection of available financing offers. An “interest-free agreement” is just that, an agreement where you pay no interest, the value of the borrowed balance is divided by the number of payments or the period in question, e.B. 6, 12, 24, 36 or sometimes even 48 months, similar to a mobile phone contract. Sometimes you need to make a deposit, which can be as little as £10 or up to 20% of the value of the kitchen. From time to time, some retailers offer interest-free loan contracts with no deposit, which is obviously very attractive if you don`t have a lot of money left to put it in a kitchen. .