Your quote is {{vm.Premium | currency: '£'}} for 12 months cover.
As you have chosen to finance the cost of your insurance, you will pay a 20% initial deposit by card and the remaining balance through Premium Credit Ltd by {{vm.NumberOfInstalments}} monthly Direct Debit repayments, which is a total cost of {{vm.TotalPayableIncDeposit | currency: '£'}}. This includes the additional cost of the interest when paying monthly via Premium Credit which is {{vm.InterestAmount | currency: '£'}}.
The duration of your policy is 12 months and if you choose to renew your policy in the future, the arrangement with Premium Credit Ltd will continue.
If your credit application is successful, Premium Credit Ltd will pay for your insurance in full and you will be obliged to repay this credit by monthly Direct Debits. You will also be asked to sign a credit agreement with Premium Credit Ltd. Your personal information and the bank details you provide will be passed to them and they will contact you via email, text or post.
Credit is subject to status and Premium Credit Ltd may use a Credit Reference Agency that leaves a record of the search or other information about you to carry out credit and anti-money laundering checks. This record will be visible to third parties. On renewal of your policy we will continue to pass your details to Premium Credit Ltd unless you instruct us otherwise. (or return to payment options).
Total Charge
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Deposit Amount
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Loan Amount
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Interest ({{vm.InterestPercentage}}%) Amount
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Number of Direct Debit Repayments
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Repayment amount
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Total Payable (excluding deposit)
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Total Payable (including deposit)
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We were unable to take payment using these card details. Please try again. If you continue to experience problems, please call us on 0800 668 1505.
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1 Pay 20% Deposit
Your initial 20% deposit will be taken by credit/debit card by Ripe Insurance Services Ltd. Payment will be processed immediately.
2 Set up monthly Direct Debit
Your 9 monthly repayments will be collected by Direct Debit.
DIRECT DEBIT INSTRUCTION
Your Direct Debit details will be passed to Premium Credit Ltd. They will send you a welcome pack detailing their full terms and conditions and commence collection of your repayments. A credit agreement will be included which you need to sign and return. A £10 charge may be incurred if Premium Credit Ltd are required to write to you to remind you to sign your agreement. You can make a full or partial repayment at any time.
If you do change your mind you can withdraw from the credit agreement free of charge within 14 days by contacting us, any repayments you have made will be refunded to you and you will have to find an alternative way to pay for your insurance. If you cancel after 14 days, you may have to repay any money owed to Premium Credit Ltd.
All payments will appear on your bank statement as PC/RIPE {{vm.brandName}} . The first collection will come out of your bank account within one month after your insurance is incepted and on the same date each month after that. If you wish to change this date, please contact Premium Credit Ltd once you have received their agreement and before the first payment is due to be taken. Premium Credit Ltd will charge you £5 to change your repayment date in the future.
On renewal of your policy, we will continue to pass your details to Premium Credit Ltd unless you instruct us otherwise. All the normal Direct Debit safeguards and guarantees apply.