**Only 20% Deposit Required, For A Limited Time, With All Finance Options**

 

Finance options to suit you

 

We believe that everyone deserves to own their dream garden room. That’s why we have partnered with Novuna, one of the worlds largest consumer credit providers, to bring our customers some fantastic and competitive finance options. We only require a 20% deposit when choosing one of our finance options. You can then decide between paying a set monthly installment or deferring the outstanding balance amount for up to 9 months. With Novuna you are protected under the Consumer Credit Act 1974 and have certain rights in the unlikely event that a problem should occur and you’re not satisfied. Please read on for more information.

Buy Now Pay Later

Need just a little more time to get your finances together? Rather keep the money in your own bank a while longer? Then our Buy Now Pay Later (BNPL) option from Novuna could be for you.

BNPL allows you to defer the outstanding balance for up to 9 months, from the installation date of your Arctic Cabin. This is a good option if you are certain that you can pay off the outstanding balance within the set term.

How does BNPL work?

With the BNPL finance option you pay a deposit of 20%, then the outstanding balance is deferred for 9 months from the installation date of your Arctic Cabin.

Are there any interest or fees?

The BNPL option carries an admin fee, otherwise known as an ‘exit’ fee, of £29. This is applied by Novuna and added to the outstanding balance.

As long as you pay off the outstanding balance in full within 9 months from your installation date there will be no interest to pay. However, if you allow the term to lapse without paying off the balance then the interest that would have been accrued during the 9 month deferral period will be applied to the loan amount at a rate of 11.9% APR. The remainder of the balance will then default to a loan with an interest rate calculated at 11.9% APR representative over a term of 120 months.

You can make overpayments whenever you like and clear the balance before the end of the deferment period without incurring any additional costs.

How long will my application take?

Typically applying for one of our finance options takes around 20 minutes. At the end of this application process you will be given a decision as to the outcome of your loan. If you are successful in your application you will receive a link via email from Novuna to e-sign the relevant documents.

Representative Example:

Cash price	£15,500.00
10% Deposit	£3,100.00
Outstanding Balance	£12,400.00
BNPL option allows the balance to be deferred for 9 months from the installation date. An ‘exit fee’ of £29 is applied by Novuna .	£29
Total outstanding balance	£12,429.00

Finance 8.9% APR

Spread over 120 months to give a small minimum repayment. Over-payments are taken from the overall balance and interest is calculated on the new balance the next day.

How does this option work work?

With this option you pay a minimum deposit amount of 10%, then pay the minimum payment each month for 120 months.

What is the interest rate you offer?

We are able to offer our Finance option at a competitive rate of 8.9% APR representative. The average credit APR in the UK is around 12%. Interest is calculated daily on your outstanding balance. This means that you’re in control of the term of your loan and the total interest payable. Additional payments will reduce the term, and therefore, the total amount of interest paid.

Are there any hidden costs?

There are no hidden costs or charges when choosing our IBC option. Plus you can make overpayments whenever you like. You can also choose to settle your account at any time. Should you wish to settle early, simply call Novuna and they will calculate your settlement figure. The settlement figure is typically based on the current outstanding balance, plus 2 months interest. Paying your loan off early means that you will only pay part of the interest you would have paid if the loan has run its full term.

How long will my application take?

Typically applying for one of our finance options takes around 20 minutes. At the end of this application process you will be given a decision as to the outcome of your loan. If you are successful in your application you will receive a link via email from Hitachi to e-sign the relevant documents.

Representative Example

Loan term available – 120 months

Cash price	£15,500.00
10% Deposit	£3,100.00
Outstanding Balance	£12,400.00
IBC finance over 120 months	(representative example only)
Monthly repayments	£154.12
Total repayable	£21,594.40
Total cost of interest	£9,194.00

Available subject to status, written details available upon request.

Any Questions? Get In Touch