Boilers on Finance: Pay Monthly, 0% Interest Free Options

Considering a new boiler but worried about the cost? Financing your boiler for less than £25 per month with Green Central can make it more manageable.

Get fixed price boiler quotes online now including your finance options using our online quote tool! Click here>

Worcester 400o boiler on finance

Otherwise, our comprehensive guide navigates the landscape of boilers on finance, unpacking the ins and outs of flexible payment plans like interest-free options and monthly schemes.

Regardless of your credit score, there’s a strategy for securing a new, efficient boiler without the stress of immediate high costs.

You can fully apply online here at Green Central by getting a fixed price quote, or keep reading to explore your boiler finance options and find practical tips for picking the perfect plan that suits your fiscal reality.

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Pay Monthly Boilers Overview

  • Boiler finance options are diverse, offering interest-free and pay monthly plans ideal for any budget and various credit situations.
  • Applying for finance is simple—get quotes, pick a provider, and apply online. Plus, options exist for nearly any type of boiler from top brands.
  • Upgrading your boiler via finance plans can lead to energy efficiency, cost savings on bills, and improved home comfort without the need for a large upfront payment.

Our Boiler Finance Options

Here at Green Central, we want to ensure that we offer the best boilers and make them available to everyone if you can’t afford the boiler upfront and need to spread the cost of a new boiler.

The attractive aspect of finance lies in its variety, offering everything from interest-free options to pay monthly schemes, ensuring there’s a plan for every budget.

Spreading the cost of a new boiler is made easy with our wide range of options like boiler on finance.

You might wonder how these options vary. Let’s explore further – or click get a quote to get started.

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Boiler finance options overview

With a wide range of products for boiler finance it can be confusing, however here is a quick overview of the options available to customers online:

Boiler Finance Interest RateLoan Length
Standard Finance12.9% APRUp to 10 years
Interest Free Finance0% APRUp to 3 years
Buy Now Pay Later12 months deferredup to 10 years
Bad Credit Finance16.9% APRup to 10 years

Interest-Free Boiler Finance

Interest-free boiler finance, also known as interest free credit, is like a breath of fresh air for homeowners.

It’s a scheme that covers the cost of your new boiler and allows you to repay the amount in bite-sized monthly chunks with no extra interest added.

This means you can replace your old boiler with a new, energy-efficient model without parting with a large sum of money upfront.

It’s a win-win situation, especially when compared to interest bearing finance options!

0% Boilers on Finance Examples

Loan AmountAgreement TermDepositAPRMonthly PaymentTotal RepaymentInterest charged
£1,8002 Years (24 Months)£00%£75£1,800£0
£2,2002 Years (24 Months)£00%£91.67£2,200£0
£1,8003 Years (36 Months)£00%£50£1,800£0
£2,2003 Years (36 Months)£00%£61.12£2,200£0

Pay Monthly Boiler Schemes

Pay monthly boiler schemes, the superheroes of boiler financing, offer flexible repayment options for manageable financial commitments.

You can spread the cost over a period that suits you, and in some cases, include the cost of servicing in the monthly payments, making it a convenient option.

However, make sure to comprehend the details of your selected scheme, including the necessity of a credit check and potential interest charges within the finance agreement.

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Eligibility Criteria for Boiler Finance

A few basic criteria need to be met for boiler finance qualification. Here are the requirements:

  • You must be at least 18 years old
  • You must have been living in the UK for the past three years
  • A steady income is usually required, proving to the lender that you can manage the monthly repayments.

While a bad credit history can pose a challenge, it’s not a dead-end road. Some lenders specialise in helping those with bad credit to secure boiler finance. So don’t let a few financial bumps in the past deter you from exploring your options.

How to Apply for Boiler Finance

The application process for boiler finance is straightforward. Here are the steps to follow:

  1. Collect quotes from various providers by visiting their websites or using a free boiler comparison service.
  2. Compare offers and choose a provider.
  3. Submit an online application, which typically involves providing your personal details, income information, and undergoing a credit check.

Following the approval of your application, the new boiler installation can be scheduled. It’s as simple as that!

Financing Options for Different Boiler Types

Rest assured, finance options are available irrespective of whether you’re considering a combi, system, or a regular boiler. The financing cost remains the same regardless of the type of boiler you choose.

What’s more, you can secure financing from leading boiler installation brands like:

So, no matter your boiler preference, you’ll find boiler finance deals and a suitable finance plan that fit your needs.

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Benefits of Upgrading Your Boiler through Finance

Numerous benefits accompany a boiler upgrade through finance. Here are some of them:

  • Replace your old, inefficient boiler with a new, energy-efficient model
  • Improve the comfort of your home
  • Reduce your energy usage, leading to significant savings on heating bills

Plus, the convenience of paying in small monthly installments means you won’t have to break the bank to enjoy the benefits of a new boiler.

Impact of Credit Score on Finance Applications

The eligibility for boiler finance is significantly influenced by your credit score.

A low credit score can limit your options and result in higher APRs.

However, a poor credit history doesn’t automatically disqualify you from obtaining finance.

Some providers offer alternative financing options that don’t require a credit check. Others specialise in working with individuals with bad credit, providing them with feasible finance options.

No Deposit Finance Plans

For those grappling with the upfront costs of a new boiler, no deposit boiler finance plans come as a blessing. These plans allow you to:

  • Get a new boiler installed without any upfront payment
  • Spread the cost over a period of time with manageable monthly payments
  • Enjoy attractive features like 0% interest rates and flexible repayment terms

This enables you to choose a plan that aligns with your financial situation.

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Buy Now, Pay Later Boiler Deals

Buy now, pay later boiler deals provide you with the flexibility to defer payments for a set period. This means you can have your new boiler installed now and start making payments later.

Often, these deals come with a 0% interest period, provided you repay the loan within a specified timeframe.

Even if you’re unable to repay the full amount within this period, you can still enjoy the benefits of low and manageable monthly payments. However, do bear in mind that late payments could result in fees and affect your credit score.

Comparing Finance Providers

Selecting an apt boiler finance provider is key to securing an advantageous deal. By comparing different providers, you can gain a clear understanding of their offerings, repayment plans, and interest rates.

This will help you make an informed decision and find a provider that best suits your financial circumstances.

So take your time and make sure to do your homework before signing up for a finance plan.

Energy Efficiency and Boiler Financing

When financing a boiler, one must consider the energy efficiency. Energy-efficient boilers can drastically reduce your heating bills and carbon emissions, making them a worthwhile investment.

By financing an energy-efficient boiler, you’re not just upgrading your home’s heating system, but also making a positive impact on the environment.

Plus, the savings you make on your energy bills can help offset the cost of financing, making it a financially savvy move.

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Additional Services and Installation Costs

Considering additional services and installation costs is crucial while financing a boiler. These could include the removal of your old boiler and the installation of smart thermostats.

The cost of boiler installation in the UK typically ranges from £650 to £2,500.

Moreover, disposing of an old boiler can cost between £700 to £1,000, and setting up a smart thermostat can set you back an additional £99 to £280. Therefore, it’s crucial to consider these costs when planning your finance.

Maintaining Your Boiler after Financing

Upon financing your boiler, the importance of regular maintenance and servicing escalates. Keeping your boiler in good condition not only ensures its longevity but also maintains the validity of its warranty.

A boiler should ideally be serviced once a year, with the average cost of a service being around £80. Remember, an efficiently running boiler is more cost-effective in the long run, so never skimp on its maintenance!

Summary

To wrap up, boiler finance offers a flexible and affordable way to upgrade your boiler. From interest-free finance to pay monthly boiler schemes, there’s a plethora of options to cater to different financial situations.

By comparing different providers and considering additional costs, you can find a finance plan that’s best suited for you. Remember to keep your boiler in good shape through regular maintenance and enjoy the benefits of an energy-efficient, comfortably heated home.

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Frequently Asked Questions

Is it worth getting a boiler on finance?

Yes, getting a boiler on finance can be worth it if you want to avoid upfront costs and prefer to pay for it over several years, making it more affordable monthly.

Plus, it allows you to choose from a range of boilers instead of settling for the cheapest option.

Is there a government scheme for free boilers?

Yes, if you meet the requirements, you can have your old and inefficient boiler replaced for free under the Government’s ECO4 scheme! You won’t have to lift a finger if you qualify.

How do people afford new boilers?

If you’re not eligible for government grants, consider looking into boiler renting deals or financing options offered by private lenders to avoid the hefty upfront costs and pay for the boiler monthly. This can make affording a new boiler more manageable.

What are the eligibility criteria for boiler finance?

To be eligible for boiler finance, you need to be 18 or older, have lived in the UK for the last three years, and have a stable income. Meeting these criteria will help you qualify for boiler finance.

How does interest-free boiler finance work?

Interest-free boiler finance works by allowing you to make monthly payments for your new boiler without any additional interest added. It’s a convenient way to spread out the cost without incurring extra charges.

Click here to choose £0 Deposit finance payable monthly over 5 or 10 years

Pay monthly new boiler on finance examples

Boiler LoanAgreement TermDepositAPRMonthly PaymentTotal RepaymentInterest charged
£2,2005 years (60 Months)£09.90%£46.18£2770.78£570.78
£2,2005 years (60 months)£5009.90%£35.68£2641.06£441.06
£2,20010 Years (120 Months)£09.90%£28.44£3412.81£1212.81
£2,20010 Years (120 Months)£5009.90%£21.98£3137.18£937.18

Pay monthly boiler replacement options

If you are looking to pay monthly for your boiler replacement then whether you are simply replacing an existing combi boiler with a new boiler, or a system, regular or back boiler then you have a range of options to pay monthly for your new boiler replacement.

A range of repayment options such as zero deposit finance and 0% interest-free finance with a wide range of lenders who can lend different credit scores dependent on your personal circumstances.

This means you can get your hot water back up and running without paying a penny to start with and you can deal with the cost of the boiler and installation later.

How to apply for pay monthly boiler financing online:

Green Central enables you to choose the right combi boiler for your home on a credit agreement that suits your budget.

We work with many customers who have the best credit ratings and some average but you can all get the best new boiler replacement cost options right away.

If you are unsure what your credit score is, Experian is a good starting point to get an idea of the APR you may pay on your new finance agreement.

Can I get a boiler on finance with bad credit?

This will completely depend on your financial circumstances and how bad your credit is. If you have a poor credit rating and have previously been turned down for a finance application then you could speak to one of our recommended bad credit boiler finance installation companies first to ensure that we only put you to lenders that may accept you.

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Do finance agreements affect my boiler warranty?

Some of our customers ask if getting a boiler on finance will affect the warranty on their boiler, the short answer is no, it will certainly not.

We are sure to be able to offer you great monthly solutions for new replacement combi boilers as an alternative to British Gas boiler prices, which are usually expensive.

Boilers on finance – Our conclusion

You can save a huge £800 per year when replacing an old inefficient boiler with a new energy efficient A-Rated combi boiler, according to the Energy Saving Trust, so why not get your new boiler on finance today.

Leading brands with great prices at the moment are Glow Worm but Viessman’s boiler prices are very competitive this year as are Ideal boiler prices

A good credit rating is beneficial, or APR rates may be higher and an FCA regulated company is to be used, which could restrict your options

For service issues such as if your boiler pressure keeps dropping then we can help with our sister company, UK Home Cover of whom you may have received door drops and leaflet distribution.

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