MAC Finance

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How to apply for finance

To apply for finance, simply click below and fill in the online form with your details and one of our friendly finance team will contact you to discuss your options and help you decide which plan will suit you  best.

Spread the cost with monthly payments

We know that for some people the cost of investing in an air conditioning system can seem daunting, that’s why MAC offers a range of finance plans to suit your pocket, with monthly payments that help you spread the cost of your purchase.

MAC is FCA accredited, which means that we have been independently reviewed by the Financial Conduct Association and are compliant with the obligations they require, including within the Financial Services and Markets Act 2000, so that our customers can be confident that they are fully protected when they take out finance with us.

MAC has partnered with Novuna Consumer Finance to offer customers a simple and quick process to access affordable finance options.

Buy Now Pay Later

Our Buy Now Pay Later option gives you the opportunity to defer payments, either for 6 months or 12 months. After the deferment period, you can select the term of finance you require and pay monthly. You will be charged interest after the deferment period.

If you prefer, you may make payments during the deferment period and reduce or avoid the interest payable

Interest bearing credit

Alternatively, you can opt to spread the cost, but start repayments from the outset. You can select a repayment period that suits you, from 12 monthly payments up to 120 monthly payments.

The interest rate chargeable for this option will be lower than the Buy Now Pay Later plan.

How much will it cost?

If you select the Buy Now Pay Later option, the current interest rate is 14.9% APR. The amount you pay will depend on term (the number of months) you select.

 

EXAMPLE: 6 months deferment option, 48 months repayment period*

Purchase cost Deposit 10% Interest Rate
APR
Deferment term Repayment term Monthly repayment Interest payable Total to pay
£3000 £300 14.9% 6  months 48 months £78.13 £1050.24 £4050.24

*other repayment periods are available for you to choose from

EXAMPLE: 12 months option, 48 months repayment period*

Purchase cost Deposit 10% Interest rate APR Deferment term Repayment term Monthly repayment Interest payable Total to pay
£3000 £300 14.9% 12 months 48 months £83.75 £1320 £4320

*other repayment periods are available for you to choose from

If you select an Interest bearing credit plan there is no deferment period, you will commence repayment from month one. The current interest rate is currently 9.9%. The amount you pay will depend on the term (number of months) you select.

 

EXAMPLE: Interest bearing credit

Purchase cost Deposit 10% Interest rate APR Repayment term Monthly repayment Interest payable Total to pay
£3000 £300 9.9% 12 £236.72 £ 140.64 £3140.64
£3000 £300 9.9% 24 £123.95 £ 274.80 £3274.80
£3000 £300 9.9% 36 £ 86.47 £ 412.92 £3412.92
£3000 £300 9.9% 48 £ 67.81 £ 554.88 £3554.88
£3000 £300 9.9% 60 £ 56.68 £ 700.80 £3700.80
£3000 £300 9.9% 96 £ 40.24 £1163.04 £4163.04
£3000 £300 9.9% 120 £ 34.91 £1489.20 £4489.20

Please note, our standard deposit is 10%, but you may pay a higher deposit to reduce your borrowing if you wish.