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Home » About Us » Finance Options » Buy Now Pay Later
The Buy Now Pay Later option comprises a 36 month loan following a six month deferral period.
No deposit is required on this loan although an optional deposit payment of not less than 10% of the total amount made be made if you choose.
No repayments are scheduled in the first six months. The finance company arranged by Wex Photographic will send account confirmation letter approximately four weeks after delivery of the goods, confirming that the account has been activated and, from this point, it is possible to make prepayments against the loan.
During the deferral period, it is possible to pay off the loan, either by way of a lump sum or in smaller amounts. A £29 early settlement fee is payable in respect of repayments within this six month period. Such repayments may be made to the finance company by cheque, debit card or standing order. Unfortunately it is not possible to set up a direct debit within the deferral period.
Following the six month deferral period, the finance company arranged by Wex Photographic will initiate a monthly direct debit payment for the remaining duration of the loan. Interest will be charged at a rate of 29.8% on the outstanding amount (backdated to the first date of the loan). Late payment penalties and early repayment penalties will apply from this point. The finance company will send a reminder letter approximately one month before the deferral period is due to elapse.
Example of Buy Now Pay Later option if balance is settled in full with the six month deferral period:
Example of Buy Now Pay Later option if balance is not settled in full with the 6 month deferred period:
Wex Photographic is a trading name of Warehouse Express Limited (registered as company no. 03366976).
Showroom: Unit B Frenbury Estate, Drayton High Road, Norwich, NR6 5DP. Registered Office: 13 Frensham Road, Sweet Briar Industrial Estate, Norwich, Norfolk, NR3 2BT.
Technical specifications are for guidance only and cannot be guaranteed accurate. Errors and omissions excepted.
Warehouse Express Limited acts as a credit intermediary for a single lender, Clydesdale Financial Services Limited (trading as Barclays Partner Finance), 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) and is registered in England under company number 2901725. Its registered office is: 1 Churchill Place, London E14 5HP. Credit is subject to application and status.
© 2015 Warehouse Express Limited