We have two options available in terms of Finance.
Shutters:
Order in December and if shutters are fitted after 1st April 2025 this will result in nothing to pay until 2026.
With this option, the balance of the contract is deferred for a period of time. During the deferral period you can if you wish, although you are not required, make payments to reduce the balance.
Pay nothing until 2026 means that your purchase will exceed £5,000 and you have selected NOT to have your installation until on or after the 1st of April 2025. If you agree to have an installation prior to the 1st of April 2025, you will start making payments 9 months after install, this date will NOT be in 2026. Unless you want to be charged interest, you must also pay off the full balance by the end of the 9 month deferral period. For orders where 25% deposit has been paid the above applies to the deferred balance amount.
If you repay all of the balance by the end of the deferral period you will pay no interest, there may be an exit fee of £29.
However, if you fail to repay all of the balance by the end of the deferral period, you will incur interest which will be backdated to the date your agreement commenced, interest will be charged on the whole of the balance outstanding, and there may be additional fees.
Blinds:
With this option, the balance of the contract is deferred for a period of time. During the deferral period you can if you wish, although you are not required, make payments to reduce the balance.
Pay nothing for 9 months means that your purchase will exceed £5,000. You will start making payments 9 months after install, this date will NOT be in 2026. Unless you want to be charged interest, you must also pay off the full balance by the end of the 9 month deferral period. For orders where 25% deposit has been paid the above applies to the deferred balance amount.
If you repay all of the balance by the end of the deferral period you will pay no interest, there may be an exit fee of £29.
However, if you fail to repay all of the balance by the end of the deferral period, you will incur interest which will be backdated to the date your agreement commenced, interest will be charged on the whole of the balance outstanding, and there may be additional fees.
Terms for Buy Now Pay Later:
NOVUNA 9 MONTHS BUY NOW PAY LATER 19.9% APR FIXED
The term is for 120 months. If settled in full within the deferral period of 9 months then there is no interest to pay, however a £29 administration fee will apply. This means that you would pay the amount of credit + the administration fee.
If the loan is not settled in full within the deferral period then interest will have accrued from the start of the agreement on any amount still outstanding at the end of the deferral period. Interest will continue to be charged until the agreement is repaid in full. Any overpayments made in the deferral period will reduce the capital carried into the payment term. The deferral period commences upon completion of the purchase contract.
Once you enter into the payment term, Interest is applied monthly. You must make the minimum repayment each month. You can make additional payments without penalty, which could allow you to control the term of the loan and potentially reduce the amount of interest you would pay. Any additional payments made which are individually higher than your monthly repayment will automatically be deducted from the outstanding loan balance and reduce your interest charges, these payments will not affect your monthly repayments. Any additional payments that are equal to or below your normal monthly repayment amount will just reduce your next Direct Debit collection. If you wish to make an additional payment of an amount which is equal to or less than your normal monthly repayment and apply this to the loan balance, to do so please contact the lender directly.
With a 3 month lead time on shutters this in effect provides a 6 month payment holiday.
With this option, the balance of the contract is deferred for a period of time. During the deferral period you can if you wish, although you are not required, make payments to reduce the balance.
You will start making payments 3 months after install. Unless you want to be charged interest, you must also pay off the full balance by the end of the 3 month deferral period.
If you repay all of the balance by the end of the deferral period you will pay no interest, there may be an exit fee of £29.
However, if you fail to repay all of the balance by the end of the deferral period, you will incur interest which will be backdated to the date your agreement commenced, interest will be charged on the whole of the balance outstanding, and there may be additional fees.
The typical example below shows how much interest you would pay on a typical loan of £3500 if you do not pay off the balance by the end of the deferred period.
Terms for Deferred Repayment:
NOVUNA 3 MONTHS DEFERRED REPAYMENT 14.9% APR FIXED
The term is for 120 months. If settled in full within the deferral period then there is no interest to pay, however a £29 administration fee will apply. This means that you would pay the amount of credit + the administration fee.
If the loan is not settled in full within the deferral period then interest will have accrued from the start of the agreement on any amount still outstanding at the end of the deferral period. Interest will continue to be charged until the agreement is repaid in full. Any overpayments made in the deferral period will reduce the capital carried into the payment term. The deferral period commences upon completion of the purchase contract.
Once you enter into the payment term, Interest is applied monthly. You must make the minimum repayment each month. You can make additional payments without penalty, which could allow you to control the term of the loan and potentially reduce the amount of interest you would pay. Any additional payments made which are individually higher than your monthly repayment will automatically be deducted from the outstanding loan balance and reduce your interest charges, these payments will not affect your monthly repayments. Any additional payments that are equal to or below your normal monthly repayment amount will just reduce your next Direct Debit collection. If you wish to make an additional payment of an amount which is equal to or less than your normal monthly repayment and apply this to the loan balance, to do so please contact the lender directly.
My Novuna Personal Finance App
Within My Novuna Personal Finance, customers can keep track of their agreements with Novuna. This can be done by logging in online or by using the app.
You will be able to:
View outstanding amount, payments remaining and current completion date
Change Direct Debit Dates
Update personal details
Make additional payments
Settle your agreement early
View statements and documents
Message Novuna directly through My Messages
Credit is subject to status and affordability. Terms & Conditions Apply. THE GREAT SHUTTER CO. LTD FRN: 984627 Unit 2 Abbas Business Centre Main Road Itchen Abbas Winchester Hampshire SO21 1BQ is a credit broker, not the lender and is authorised and regulated by the Financial Conduct Authority. Credit is provided by Novuna Personal Finance, a trading style of Mitsubishi HC Capital UK PLC. Authorised and Regulated by the Financial Conduct Authority.