Interest will be charged at a rate of 18.9% APR on outstanding balances (backdated to the first date of the loan). If the loan is fully repaid within the six-month deferral period, then no interest is payable, however, a £29 early settlement fee is payable in respect of repayments within these six months.įollowing the six-month deferral period, Novuna Personal Finance will initiate a monthly direct debit payment for the remaining duration of the loan. If the loan is partially repaid within six months, the remaining interest will be adjusted to reflect the new balance. The Buy Now Pay Later option comprises a 36 month loan following a six month deferral period.ĭuring the six-month deferral period, it is possible to pay off the loan, either by way of a lump sum or in smaller amounts.
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