EDC Payment Options
Take a look at the EDC payment options below and you will see just how affordable your ecodriveway could be – it’s a new way to fund the investment in your home and really does beat the bank in allowing you to invest without touching other areas of credit that you may have.
Don't forget that with every option you are covered by the Insurance Backed Guarantee, there are flexible terms to suit your budget and capital repayments are welcome at any time.
The examples below are for a £3,500 ecodriveway and illustrate how the 'Bank Buster Loan' and the 'Buy Now Pay Later' option work.
| EDC Option 1 – CASH PURCHASE | |
|---|---|
| Cash Price | £3,500 |
| Deposit Paid 25% | £875 |
| Balance due on completion | £2,625 |
| EDC Option 2 – BANK BUSTER LOAN (APR 6.9%) | |
|---|---|
| Cash Price | £3,500 |
| Deposit Paid 25% | £875 |
| Due on Completion | Nil |
| Bank Buster Opening Balance | £2,625 |
| One Month After Completion | |
| Begin 120 monthly payments OR | £30.11 |
| Begin 180 monthly payments | £23.18 |
| EDC Option 3 – BUY NOW PAY LATER | |
|---|---|
| Cash Price | £3,500 |
| Deposit Paid 25% | £875 |
| Due on Completion | Nil |
| 12 months AFTER completion | |
| Pay Outstanding Balance INTEREST FREE | £2,625 |
| Or begin 120 monthly payments (APR 19.9%) | £56.44 |
This is an illustration of the EDC payment options available to you – subject to status. This is not a price quotation. This is not a credit quotation. This is not an offer of credit. Written details of these options is available on request.
Please note that there is a variable administration fee for the 'Bank Buster' and 'Buy Now Pay Later' options.