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Buy now pay later OR interest free credit now available at MFI

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:

OPTION 1: 0% INTEREST FREE CREDIT - NO DEPOSIT

Our INTEREST FREE CREDIT Option is subject to interest at 0% APR FIXED

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

How our credit works

Representative Example

THE INTEREST RATE 0% (FIXED) 
CHARGES FOR THE CREDIT NONE
DEPOSIT/ADVANCE PAYMENT NIL
CASH PRICE £630.00
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)

 

 

OPTION 2: BUY NOW PAY LATER – NO DEPOSIT

Our BUY NOW PAY LATER Option is subject to interest at 29.9% 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:


  • Pay the full cash price plus a £29 settlement fee.
  • Pay the cash price in 36 monthly instalments at a representative rate of 29.9% APR (fixed).

Please see the representative example below to see how much BUY NOW PAY LATER costs

How our credit works

Representative Example:

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)
DEPOSIT/ADVANCE PAYMENT NIL
CASH PRICE £872.00
TOTAL AMOUNT OF CREDIT £872.00
TOTAL LOAN PERIOD 48 Months
AMOUNT OF INTEREST PAYABLE £745.12
TOTAL AMOUNT PAYABLE £1617.12
MONTHLY PAYMENT £44.92
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 customerservice@mfi.co.uk
 

Who can apply for finance?

  • Applicant must be 18 years or over at the date of application
  • Permanent UK Resident – min 3 years
  • In regular, permanent employment working a minimum of 16 hours per week. (Including students)
  • Retired from regular employment. Minimum age 50
  • Not working through disability
  • Self-Employed
  • Armed Forces

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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