Finance

Energycare Home Improvements Ltd enables you to manage your home improvements budget in a flexible and convenient way.

When it comes to funding your home improvement, we understand that our customers appreciate flexibility, such as being able to make additional payments as and when you can afford it and controlling the life of the loan. That's why Energycare has teamed up with one lender to provide funding solutions that give you control - control over the life of the loan and, more importantly, the amount of interest charged on such loans. We work with Novuna Personal Finance to provide loans with an exclusive discount when you open an account.

 

Credit subject to status and affordability. Terms & Conditions Apply. Energycare Home Improvements Ltd trading as Energycare Home Improvements Ltd is a credit broker and is Authorised and Regulated by the Financial Conduct Authority. Credit is provided by Novuna Personal Finance, a trading style of Mitsubishi HC Capital UK PLC, authorised and regulated by the Financial Conduct Authority. Financial Services Register no. 704348. The register can be accessed through http://www.fca.org.uk

 

The Account

We can provide loans for a period of 8, 10 or 15 years, depending on the product and lender. Whilst you commit to making a minimum monthly repayment, we know that many customers like the flexibility to clear their loan early, so you can make extra payments as and when you please. This will then reduce the number of repayments and the amount of interest you would otherwise pay. As with most funding, there would be an early settlement charge if you settle the account in full, which would be no more than two months' interest on the outstanding balance. The choice is yours to settle at any time – you should contact your lender directly to obtain a settlement figure.

 

• The Account is a reducing balance loan.

• Interest is charged on the outstanding balance only.

• Increasing your payments reduces the interest you would otherwise pay.

How much might it cost?

To give you an indication, here's an example of one of our Windows and Doors loans with Shermin Finance:

Representative example: A cash price of £3,900.00, less a minimum deposit of £99.00, gives a loan amount of £3,801.00. 96 monthly payments of £83.19. The total amount payable is £8,085.24; this includes the £99.00 deposit. The interest rate is 13.8% per annum fixed. Representative 23.7% APR. Interest is charged from the date the account is opened. (Current rate as at April 2015).

What are the benefits?

 

• Discounted products when you open a Finance account.

• Easy to budget with a minimum repayment each month by direct debit.

• A flexible term - by paying additional payments you can control the life of the loan by paying it off quicker.

• Flexible repayment - pay the minimum amount payable each month, plus you can make additional payments as and when you choose.

• A small deposit, with no further payments until after installation.

• Convenience - it’s completed efficiently in your home.

Do you receive any additional protection?

Your Account is financed by one of our lenders and is protected under the Consumer Credit Act 1974, provided that the amount of credit is no more than £60,260. This is unavailable if you pay by cash. As a customer under the loan agreement, the consumer credit protection includes the lender’s liability to safeguard any deposit and uphold the guarantee issued by Energycare Home Improvements Ltd


Important things to consider

Please be aware that interest is charged from the date the account is opened and future rates may vary. Full terms and conditions can be found on your finance agreement. It is important to read all of your documentation and understand the details and costs associated with taking out the finance agreement.

Credit is available to homeowners aged 18/21 and over (dependant on lender) subject to status.