The BNPL option carries an admin fee, otherwise known as an ‘exit’ fee, of £29. This is applied by Novuna and added to the outstanding balance. As long as you pay off the outstanding balance in full within 9 months from your installation date there will be no interest to pay. However, if you allow the term to lapse without paying off the balance then the interest that would have been accrued during the 9 month deferral period will be applied to the loan amount at the rate of 19.9% APR. The remainder of the balance will then default to a loan with an interest rate calculated at 19.9% APR representative over a term of 120 months. You can make overpayments whenever you like and clear the balance before the end of the deferment period without incurring any additional costs.