Pay with finance options . . when you spend only £300 (inc vat) or more.
Based on a minimum purchase of £300
- Buy Now Pay Later (9 Months / 39)
After a 10% deposit pay nothing for 9 months.
- Classic Credit 24 Months 15.9%
After a 10% deposit pay £13.07 for 24 months.
- Classic Credit 36 Months 15.9%
After a 10% deposit pay £9.34 for 36 months.
- Classic Credit 48 Months 15.9%
After a 10% deposit pay £7.49 for 48 months.
The Buy Now Pay Later scheme (BNPL) is the ideal way to buy your purchases from Scan. With the exception of a 10% deposit, you can purchase and enjoy the benefits of any eligible product or combination of products from our portfolio NOW and make NO payments for 9 months.
How does it work? Provided you settle the full balance (after 10% deposit) before the 9 month deferred period has expired, then no interest charges will be incurred. However, if you choose not to settle within the 9 month deferred period, then you will incur interest. The example below, based on a purchase of £500.00, explains this: Should you choose to pay the outstanding balance off in full within the deferred period then there will be an Administration fee of £10.00
Example 1: Buy Now Pay Later (9 months) This is a Buy Now Pay Later agreement. Customers will initially only have to pay a 10% deposit, with the original loan amount payable in the 9th month, in order to incur no interest charges.
| Goods price: |
£500.00 |
| 10% Deposit: |
£50.00 |
| Amount of loan: |
£450.00 |
| Monthly Instalments x Months: |
£19.67 x 39 |
| Total Charge for credit (Interest + Arrangement Fee): |
£337.13 |
Total amount payable :
(Balance + Deposit + Interest + Arrangement Fee) |
£837.13 |
| Arrangement Fee: |
The arrangement fee for this finance option is £20, even if the balance is paid within the 9 months BNPL period. |
If the balance of £450.00 is paid in or before the 9th month no charges for credit will be incurred.
Please make sure you note the date on the welcome letter at which your deffered period ends, as no further reminder letter will be sent by the finance provider
Example 2: LOW COST CLASSIC FINANCE 24 / 36 or 48 EQUAL MONTHLY PAYMENTS AT 15.9% APR ON ALL BALANCES ABOVE £250
| Goods price: |
£500.00 |
| 10% deposit: |
£50.00 |
| Amount of loan: |
£450.00 |
| 24 monthly repayments of: |
£21.78 |
| Total Charge for credit (Interest): |
£72.72 |
Total amount payable :
(Balance + Deposit + Interest) |
£572.72 |
For customers who prefer to opt for a traditional credit package, our Low Cost Classic Finance product offers the ideal solution. Classic Finance is a no nonsense, straight forward, interest bearing personal loan which allows you to spread the cost of your purchase over 36 or 48 equal monthly payments, at a low APR of 15.9%.
We are licensed credit brokers. Credit is subject to status and written quotations are available on request.
