PAY IN 4
WHAT IS PAY IN 4
With our Pay in 4 feature, you can settle your loan in full within 4 and we'll cancel the interest*. We call this the "Pay in 4 period".
This loan is based on a fixed term for 24, and includes interest calculated from the date you take out the loan.
In the event that you do not fully repay the Amount of Snap loan during the Pay in 4 period, your loan repayments will continue over the full term. This means that you will be paying interest on the outstanding Amount of Credit, and this is applied from the start date of your agreement.
* Interest is charged from the day your loan starts on the principal outstanding at the rate set out in your consumer credit agreement and will only be cancelled if you pay off the amount of credit advanced within the Pay in 4 period.
HOW DO I PAY IN 4
During the application process, you will be shown what loan terms you have been approved for and for how much. At this point you select Pay in 4 and increase your payment to clear your loan in 4 months and we'll cancel any interest*.
Representative Example: Cost of Goods £915, Deposit £15, Amount of Credit £900, Annual Fixed Interest Rate 53.30%, Weekly Payment £14.22, Term 104 weeks, Total Payable £1493.88, Representative APR 69.9%