If you don't pay off your purchase balance in full by the last month
of the special financing period, you'll be charged interest on the remaining balance going back to the date of purchase.
Someone who isn't certain that they can pay off the balance by the end
of the special financing period
If you don't pay off your purchase balance in full by the last month
of the special financing period, you'll be charged interest on the remaining balance going back to the date of purchase.
If you don't pay off your purchase in full by the end
of the special financing period, you will be charged for the interest on the unpaid amount from the date of the purchase.
If you do not pay the entire balance by the end
of the special financing period, variable standard 25.99 % interest rates will be applied to the balance retroactive to the purchase date.
Not exact matches
Examples include
special financing offers on purchases above a certain dollar amount and monthly payment options over a
period of time, typically six, 12 or 18 months.
For instance, a big
special dividend
financed by debt would still leave shareholders with a
period of high leverage and potential earnings volatility before they have as much in their pockets as the buyout price.
As part
of its first
special financing program for customers, Ford Credit India is offering eligible customers the 2015 Ford EcoSport at an interest rate
of 8.99 percent per annum with a loan
period of up to 60 months.
Introductory APRs such as the one offered by Citi Simplicity ® are often better options than the
special financing offer the Walmart card provides because it's offered for a longer
period of time, and is not based on the amount you spend.
You don't have to pay any interest on this
special financing, as long as you pay your balance in full by the end
of the promotional
period.
The Apple Barclaycard offers
financing options for Apple purchases made within 30 days
of opening the card, but it still accrues interest on everything else purchased within the
special financing period.
However, these
special financing periods only defer interest earned until the end
of the
period if the balance is not paid in full.
Depending on the size and category
of your purchase,
special financing periods can range from six to 24 months.
Special financing options defer interest rates for a specific
period of time.
Depending on the amount
of your purchase, you will receive an offer for a
special financing period of 6 to 24 months.
For that reason, you only want to use the
special financing offer if you know that you can pay the full amount
of your purchase before the
special financing period is over.
Special financing allows you to spread out the repayment
of your purchase over a specific
period of time.
Another disadvantage
of the
special financing offer with Lowe's is that although you don't have to pay the interest during the promotional
period, that interest is still accruing.
However, be wary
of the card's
special financing deals — while they might come in handy on those big - ticket buys, they actually include what's called deferred interest, which means interest accrues during the promotional
period and is applied to your account if you don't pay your entire balance by the end
of the term.
As with many
special financing deals, the Home Depot Consumer Credit Card charges deferred interest, so you'll be charged interest on your entire purchase amount if you don't pay it off before the end
of your
financing period.
There is no provision in the Act that caters for the change
of ownership during a
period of special levy raising and payment, and this lack
of provision sometimes makes a situation such as this complicated, says Mandi Hanekom, operations manager
of sectional title
finance company Propell.