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business finance products

Our finance products

Customers who feel confident are more likely to buy from your business – and become repeat customers. Our range of finance products gives your customers the support they need to make those important purchase decisions.

For retailers, we offer personal loans with competitive APRs, interest-free loans over a range of lending periods, and buy-now-pay-later loans that can be payment-free for up to 12 months. Our motor dealers can benefit from finance solutions like PCP agreements, conditional sale and loans for both new and used cars, caravans and motorhomes.

  • Motor finance products Motor finance products

    Product

    Personal contract purchase (PCP)

    Conditional sale motor loan

    Personal motor loan

    Personal motor loan with a balloon payment

    Finance type

    Secured fixed-term loan

    Secured fixed-term loan

    Unsecured fixed-term personal loan

    Unsecured fixed-term personal loan where part of the loan amount is deferred and paid at the end of the loan term (known as a ‘balloon payment’)

    Vehicles financed

    Cars & lifestyle vehicles

    Cars, lifestyle vehicles & static caravans

    Cars, lifestyle vehicles, motorhomes & touring caravans

    Cars & lifestyle vehicles

    Secured against vehicle?

    Yes

    Yes

    No

    No

    Interest applied?

    Yes

    Yes

    Yes

    Yes

    Loan Value

    £1,500 and £50,000

    £1,500 and £50,000

    From £1,500 to £50,000

    From £1,500 to £50,000

    Loan term

    1 – 4 years

    For cars: 1 to 5 years
    For static caravans: 1 to 12 years

    For cars: 1 to 5 years
    For motorhomes and touring caravans: 1 to 12 years

    1 to 4 years

    Product details

    • The customer is responsible for the vehicle as though they own it, but BPF are the legal owner until the customer has repaid the loan in full
    • The customer must keep the vehicle in their possession and control, in good condition and roadworthy (including an MOT), have it serviced regularly, and buy appropriate insurance
    • The loan includes an agreed mileage limit. If the customer exceeds this limit and the car is returned to us, an excess mileage charge will apply
    • As part of the PCP agreement we will set a Guaranteed Minimum Future Value (GMFV) which is the amount we agree the vehicle will be worth on the date of the customer's final payment if all the terms have been met
    • At the end of the PCP agreement the customer can choose to either: own the car by making the final repayment, return the car with nothing more to pay, or part exchange it for a new car subject to settlement of the loan
    • The customer is responsible for the car or caravan as though they own it, but BPF are the legal owner until the customer has repaid the loan in full
    • At the end of the agreement, the customer becomes the legal owner of the car or caravan as long as they have made all the repayments and met the terms and conditions of the agreement
    • The customer must keep the car or caravan in good condition, have it regularly serviced, buy appropriate insurance and not make changes to it
    • The customer owns the vehicle and makes monthly repayments
    • Offers lower monthly repayments but the customer needs to make a lump sum payment (balloon payment) at the end of the loan
    • The customer owns the vehicle and makes monthly repayments
  • Retail finance products Retail finance products

    We provide loans and finance products for the following retail products:

    • Home Improvement - Kitchens, Windows, Conservatories, Heating
    • Electrical - Sewing Machines, TVs, Sound Systems, Lights Systems
    • Furniture - Carpets, Sofas, Beds, Bathrooms, Furniture
    • PC & Leisure - Personal Computing, Phones, Exercise Equipment, Cycling/Bicycle Equipment
    • Other - Jewellery, Alloy Wheels / Motor Accessories

     

    Product

    Personal loan - interest free

    Personal loan - with buy now pay later

    Personal loan - interest bearing

    Finance type

    Fixed-term personal loan without interest

    Fixed-term personal loan where first monthly payment is deferred for a set period or until a specified future date

    Fixed-term personal loan with equal fixed monthly payments throughout the loan agreement

    Secured loan?

     

    No

    No

    No

    Interest applied?

    No

    See product details

    Yes

    Loan Value

    Up to £50,000 depending on product financed

    Up to £50,000 depending on product financed

    Up to £50,000 depending on product financed

    Loan term

    1 – 5 years

    1 – 5 years

    1 – 5 years

    Product details

    Under a buy now, pay later loan, the customer can choose from the following options:

    • Repay the loan in full (only during the buy now pay later period or before the deferral period ends). There is no interest to pay, but there may be a settlement fee:
    • Start to make repayments after the buy now pay later deferral period ends, we will add interest to the loan from the start of the loan agreement and the customer makes regular monthly repayments
    • Interest is charged from the start of the loan agreement if the customer does not pay off the loan before the end of the deferral period
Supporting your sales

Supporting your sales

Building a successful partnership to boost sales

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0330 058 1111*

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