We have two finance options available at MFI: Option 1. 0% Interest free credit, Option 2. Buy now pay later. For more information about these options and how to apply for them, please see below:
If you spend over £400 in a single transaction and choose our “interest free credit” option you simply spread the original cash price over 18 equal monthly instalments at a representative rate of 0% APR (fixed).
Please see the representative example below to see how much INTEREST FREE CREDIT costs
|THE INTEREST RATE||0% (FIXED)|
|CHARGES FOR THE CREDIT||NONE|
|TOTAL AMOUNT OF CREDIT||£630.00|
|TOTAL LOAN PERIOD||18 Months|
|AMOUNT OF INTEREST PAYABLE||£0.00|
|TOTAL AMOUNT PAYABLE||£630.00|
|MONTHLY PAYMENT||£35.00 per month|
|REPRESENTATIVE APR||0% APR (FIXED)|
If you spend over £400 in a single transaction and choose our “buy now pay later” option you pay nothing for 12 months and no interest is charged during this period.
At the end of the 12 month period, you have two choices:
Please see the representative example below to see how much BUY NOW PAY LATER costs
|THE INTEREST RATE||29.9% (FIXED)|
|CHARGES FOR THE CREDIT||
£29.00 settlement fee
(payable only if you pay the full cash price at any
point up to the end of the 12 months deferred period)
|TOTAL AMOUNT OF CREDIT||£872.00|
|TOTAL LOAN PERIOD||48 Months|
|AMOUNT OF INTEREST PAYABLE||£745.12|
|TOTAL AMOUNT PAYABLE||£1617.12|
|REPRESENTATIVE APR||29.9% APR (FIXED)|
Credit is provided subject to status.
MFI DIRECT LIMITED, AMSTERDAM ROAD, SUTTON FIELDS INDUSTRIAL ESTATE, HULL, HU7 0XF (COMPANY REGISTERED NUMBER 07406056) act as a credit intermediary for a single lender, Clydesdale Financial Services Limited, trading as Barclays Partner Finance and can only offer you loans provided by them.
Barclays Partner Finance is a trading name of Clydesdale Financial Services Limited a wholly owned subsidiary of Barclays Bank PLC. Clydesdale Financial Services Limited is authorised and regulated by the Financial Conduct Authority (Financial Services Register number: 311753 ). Registered in England. Registered No. 2901725. Registered office: 1 Churchill Place, London E14 5HP.
To contact MFI please write to us at the above address or email email@example.com