HOME IMPROVEMENT BUY NOW PAY LATER
Buy Now Pay Later
Home Improvement Buy Now Pay Later finance is extremely popular as it allows customers to buy products today and then defer the first repayment for up to 12 months from date of installation.
It provides a great sales message for marketing promotions and is a very attractive option for customers – especially those who would prefer to leave their savings in the bank. It also appeals to people with short-term financial obligations that might otherwise delay their buying decisions.
Customers have the choice to settle their loan within the deferred period with no interest to pay or begin their monthly repayment plan.
How Home Improvement Buy Now Pay Later Credit Works
For your customers...
- Finance offered on products priced from £1000 to £50,000 (exceptions are available)
- Allows customers to buy at today’s prices and then defer repayments for up to a year
- Deferred repayment periods of 3, 6, 9 & 12 months available
- No interest is payable if the loan is repaid in full within the deferral period (a small exit fee may apply)
- If not settled in full, then customers commence a competitive monthly instalment plan
- Our lenders always issue reminders 30 days prior to the end of the deferral period to ensure customers are fully informed of their options
For you...
- Highly effective ‘soft sell’ marketing message
- Brings forward customer purchases & secures sales that may otherwise have been lost or delayed
- Maximises your appointment-to-sales conversion ratios
- Retailers experience fewer order cancellations when customers buy products using buy now pay later finance
- Enables higher order values
- Low cost & highly marketable finance option
Getting started with Home Improvement Buy Now Pay Later
You will usually need to hold FCA authorisation in order to offer finance. At CCS we can certainly help you with this. Your business will also need to meet certain minimum criteria stipulated by our lenders.
You will be assigned a dedicated CCS Account Manager who will work closely with you to develop an effective credit strategy tailored to your business and customer demographic. We’ll also provide comprehensive training and an ongoing support programme for you and your sales team.
Interest Free Credit
0% APR – allowing your customers to spread the cost with no charges or fees. IFC can help increase sales and average order values.
Buy Now Pay Later
Secure your customer – They can buy today at today’s price, but pay for their goods in up to 12 months’ time.
Low Rate Finance
Market leading interest rates with terms varying from 3 years to 15 years on an unsecured basis. Making your product an affordable luxury.
Value Added Services For You
Panel of
Lenders
Our established partnerships with a panel of ‘blue chip’ lenders allow us to negotiate the very best rates and terms for your business.
Dedicated Account Managers
We pride ourselves on ensuring you get the very best Account Management from our dedicated team of industry specialists. You will be allocated your own personal Account Manager who will be responsible for all aspects of your facility.
Compliance
Experts
Our dedicated and experienced team of Compliance experts are on hand to help with any regulatory queries, marketing and general compliance guidance.