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Page 5 of 5 How much does is cost with Close Premium Finance?
Here is a typical example of a premium being funded through Close Premium Finance: The premium amounts to £800 - you pay £200 deposit followed by 10 consecutive monthly instalments of £66.45. Total amount payable is £864.50. The credit charge is £10.75 per 100 (32.07% APR), credit charge is applied to the balance of premium after deduction of a deposit.
The minimum balance to fund after payment of a deposit is £100. Finance is supplied by Close Premium Finance, subject to status, written quotations available upon request.
How much does is cost with Premium Credit?
Here is a typical example of a premium being funded through Premium Credit:
The premium amounts to £800 - you pay £200 deposit followed by 10 consecutive monthly instalments of £66.45. Total amount payable is £864.50. The credit charge is £10.75 per 100 (25.4% APR), credit charge is applied to the balance of premium after deduction of a deposit. The minimum balance to fund after payment of a deposit is £100. Finance is supplied by Premium Credit, subject to status, written quotations available upon request.
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