Interest Free
This is a fixed term credit agreement with no interest payable by the customer (APR 0%). The customer must always sign a Direct Debit Mandate. Monthly direct debits must be made to clear the outstanding balance. The agreement is typically between 6 and 60 months.

Buy Now Pay Later
This is a fixed term fixed rate interest-bearing product with a “payment holiday” (DEFERRED PERIOD) at the beginning. The customer is not obliged to make any repayments during this deferred period.

The agreement is set up initially showing the full interest payable over the term of the agreement. The customer’s monthly repayments include interest. If the customer settles the agreement within the deferred period, all the customer will pay is the Total Credit Amount.

The customer must always sign a Direct Debit Mandate. The agreement can be settled by paying the Total Credit Amount by the end of the deferred period by cheque, postal order, credit or debit card, otherwise monthly direct debit payments must be made to clear the outstanding balance.

This is typically a 3 or 4 year agreement. The deferred period is usually between 3 and 12 months.

Cash Option Finance
This is a fixed term fixed rate interest-bearing product where the customer has an option to settle the agreement interest-free, within a specified special offer period at the beginning of the agreement.

The agreement is set up initially showing the full interest payable over the term of the agreement. The customer’s monthly repayments include interest. If the customer settles the agreement within the special offer period, all the customer will pay is the Total Credit Amount. The amount that the customer has paid is totalled. This is then subtracted from the Total Credit Amount, giving an interest-free settlement, ie any interest paid to us will be rebated.

The customer must always sign a Direct Debit Mandate. Monthly direct debits will be payable, commencing one month following the date of the agreement or delivery, whichever is later

The agreement is typically a 3 or 4 year fixed term period. The special offer period (Option period) is typically 6, 9 or 12 months.

Interest Bearing Credit (Various Options)
This is a fixed rate, fixed term credit product, where the customer is charged interest on the Total Credit Amount, over the term of the agreement. Various rates of interest are available.

The customer must always sign a Direct Debit Mandate. Monthly direct debits will be payable, commencing one month following the date of the agreement or delivery, whichever is later.

The agreement is typically between 12, 24, 36 or 48 months.

Second Line/Sub-Prime
This is a secondary credit line in instances where the customer has been declined via the first line underwriter, the application can then be sent to a second line underwriter and put the through the approval process. It gives you the retailer another opportunity to capture a deal that would have been lost. Most credit products available with this facility are interest bearing.