The Premier Finance Options
GOLD OPTION * – BUY NOW PAY LATER
This is the option to purchase your goods now and enjoy 12 months payment free and then either settle the balance in full OR pay for the goods over a maximum of 60 months.
Why choose this option?
Many customers purchase their goods this way, enabling them to keep their hard earned savings in the bank for the option period. Logically, this makes sense for our customers and it will not cost you a penny. Similarly, customers that do wish to obtain credit for their purchase can do so at a competitive rate and benefit from the 12-month anniversary period.
You too can enjoy the products offered by Premier for a 12-month period without the need to pay for them beforehand.
The loan is offered to you payment free, provided that you settle the account (the original loan) in full before the 12-month anniversary of the loan being opened by Hitachi Capital Consumer Finance.
If the account is not paid in full before the 12-month anniversary, Hitachi Capital Consumer Finance will open the account for you over the contracted loan period, on a variable loan rate of 1.382% per month.
The Gold Option - example
Total Price…………. £8,000
Deposit……………… £0.00
Balance…………….. £8,000
|
Months |
Monthly Payment |
Annual Rate |
APR |
|
First 12 |
NIL |
NIL |
NIL |
|
Next 60 |
£229.20 |
9% |
17.9% |
SILVER OPTION*
This is our low rate option to purchase your goods now and pay for them over a 36 month period at 4.9% APR.
The Silver Option - example
Total Price…………. £8,000
Deposit……………… £0.00
Balance…………….. £8,000
|
Months |
Monthly Payment |
Annual Rate |
APR |
|
36 |
£239.05 |
2.52% |
4.9% |
Once an account has been opened you are free to settle the balance at any time. Interest is calculated daily and charged monthly; by settling the account early you will negate further interest charges.
Capital Payments can be made into the account at any time. These will be deducted from your balance on the day Hitachi Capital Consumer Finance receives them.
BRONZE OPTION*
Our Bronze option gives you much more flexibility to borrow over a longer period. With terms ranging from 36-96 months, you choose the term or payment to suit your budget
The Bronze Option - example
Total Price…………. £8,000
Deposit……………… £0.00
Balance…………….. £8,000
|
Months |
Monthly Payment |
Annual Rate |
APR |
|
96 |
£138.88 |
8.33% |
14.9% |
*Subject to status.
The above does not represent a credit quotation and should not be considered as an offer of credit.
Typical examples based on a total price of £8000.00:
Gold Option - Monthly repayments of £229.20. APR 17.9%. Total interest £5752.00. Total repayable £13752.00.
Silver Option - Monthly repayments of £239.05. APR 4.9%. Total interest £605.80. Total repayable £8605.80.
Bronze Option - Monthly repayments of £138.88. APR 14.9%. Total interest £5332.48. Total repayable £13332.48.