New Boilers on Finance and Pay Monthly Boiler Finance Options
Boilers on finance are a popular option when getting a replacement boiler if you do not have the finance to purchase the boiler outright. It’s never been easier to pay monthly for a new boiler and in this guide, we will give you a range of options available for boiler finance.
If you haven’t got the money for a brand new boiler laying around like most people then a pay monthly boiler scheme and payment schedule is the way to go to lessen your financial burden. You can spread the cost of the repayments up to 120 months (10-years) with no deposit options and a wide range of boiler finance products.
Listed below are some boiler finance options that customers who are looking to pay monthly for their new boiler can get, as well as the best finance deals available on the market.
**Read this if you are looking to finance your new boiler**
If you are looking to get a boiler on finance, you can now (well it is 2021) get a new boiler quote online with NO personal information required. Not only that but you can apply for finance and get an instant decision online if you pass or fail finance. If you pass, then your new boiler is confirmed. It really is that simple. You can do just that at Boiler Central.
To go to Boiler Central, the UK’s fastest-growing boiler company and get your quote and finance approval, click here
We can also provide 0% interest-free boilers for up to 2 years on a range of new boiler finance plans. Giving you more reason why your new boiler is affordable as you can spread the cost with 0% APR over one or two years.
This gives you a huge 24 months to pay off your boiler finance agreement with absolutely no interest to pay if you pay the boiler off in full by the 2-year interest-free period.
Our 0% interest-free boiler finance is perfect for customers who are not wanting to pay off their boiler on ordering and would like a little more time to pay completely free of any interest and repayments for the loan. This is a great option if you have the cash but do not want to spend your money in one go.
What Is 0% Interest-Free Boiler Finance (0% APR)? ✍
When choosing 0% interest-free finance for your boiler replacement or central heating system, this quite simply means that you can pay nothing upfront and then pay your boiler off in full with no interest, if paid before the 2 year period. You can put down a deposit of up to £750 towards the payments but this is optional.
This is also known as interest-free boiler finance which many boiler companies offer to help spread the cost of purchasing a new heating system.
Buy Now Pay in 6 Months
Launched in 2021, Boiler Central were the first online boiler company to provide buy now pay in 6 months. You can pay £0 deposit today, and have 6 months to pay for your boiler. With instant online finance applications, it’s never been easier to apply for boiler finance and order your boiler online in minutes.
9.9% Apr Representative Boiler Finance, For Up To 10 Years ✍
Our 9.9% boiler finance is a market-leading finance solution for any new boiler or central heating system. Unlike the 0% APR option, you do pay interest on this at 9.9% and you can lend between £1,250 and £10,000 over a term of up to 10 years.
Other terms for the finance agreement is to pay monthly over 3 years, 5 years 7 years or as said above, a huge 10 years.
Who can apply for boiler finance products
Anyone that is over 18 years of age can apply for the above finance solutions for any install of a replacement boiler, central heating system and radiators.
They must be of a maximum age of 85 years old at the end of the agreement in order to meet the lending criteria. You must be a resident of the UK for the last 3 (Three) years, employed, retired, or get allowances.
When applying for finance you can do this online if you use a recommended boiler company such as Boiler Central, where you can get a fixed online boiler price and apply for finance with an instant online decision.
You would sign the finance agreement online and you would need to have a valid UK passport, a valid driving license from the UK and/or a valid electricity document or a bill that has a date within the previous 3 months of the application date. This will need to be named as the person who is applying for a pay monthly finance plan.
Choose a boiler payment plan that suits your financial situation
How your pay monthly boiler plan is worked out will completely depend on your circumstances – varying APR interest rates are dependent on your credit score, just like any normal finance agreement for a product such as credit cards or motor finance you would purchase.
One of the most popular options is the £17 a month boiler finance option that is available at the moment.
Options such as buy now pay later deals, cash upfront, and mainstream pay monthly finance from a bank. We can offer our pay monthly plans for any home in the UK. You can even power your replacement boiler with a smart thermostat such as the Hive or Nest.
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 £0 deposit finance and 0% interest-free finance with a wide range of lenders who can lend different credit scores dependent on your personal circumstances.
State of the art recommended boilers
Top of the range boilers on finance – like this Viessmann Vitodens range. Engineered to last with up to 10 years warranty for your peace of mind. Pay monthly for this A rated boiler now and start saving on your utility bills.
Pay monthly boiler finance options
Compare Boiler Quotes 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. You can see a range of boiler prices from Boxt on our boiler price pages as well as many other manufacturers.
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.
Your sales advisor can help you choose the right boiler for your home and ensure that your repayment plan is giving you the best available rates of APR.
Get a new combi boiler and pay monthly
Our most popular boiler finance options are for new combi boilers where our customers pay monthly for their new combi boiler. Getting a combi boiler on finance is really easy, and by using a company to get an online price such as Boiler Central, you can apply for finance online with an instant decision.
You can switch your existing old combi boiler and replace it with a new efficient boiler such as a Viessmann or Worcester Bosch. Also if you have an old system boiler where you have a boiler and a tank, within 2 days you will have the old system removed and a new combi boiler installed on a monthly payment plan. You can even get it with 0% boiler finance to spread the cost that’s free of interest.
Lastly, you may have an old back boiler and would like to replace the old inefficient back boiler with a new boiler. This is fine and usually takes 1 day to take out the old system and replace it with a new combi boiler. You can again get this financed as normal of a maximum term of 10 years, or 120 months on interest-bearing finance.
There really is finance available for all requirements to swap to a new combi boiler so you will not be left without heating and hot water if you do not have the funds upfront.
Boiler Central offers fantastic discounts on the new boiler cost on both finance and cash outright payment plans. We can not offer finance on a new back boiler installation but we can replace it with a new boiler on a monthly payment plan.
Here are some common examples of pay monthly boiler plans
|Cost of Boiler on Finance||Deposit||Repayment Term||APR %||Monthly Payments||Interest Amount||Total Repayed|
|£1600||£0||10 Years (120 Months)||0%||£13.33||£0||£1600|
|£2,200||£0||2 Years (24 Months)||0%||£91.67||£0||£2,200|
|£1,600||£500||2 Years (24 Months)||0%||£45.83||£0||1,600|
|£2,200||£500||2 Years (24 Months)||0%||£70.83||0%||£2,200|
|£2,200||£0||5 years (60 Months)||9.9%||£46.18||£570.78||£2770.78|
|£1,600||£500||5 Years (60 Months)||9.9%||£23.09||£285.39||£1885.39|
|£2,200||£500||5 years (60 months)||9.9%||£35.68||£441.06||£2641.06|
|£1,600||£0||2 Years (24 Months)||0%||£66.66||£0||£1600|
|£2,200||£0||10 Years (120 Months)||9.9%||£28.44||£1212.81||£3412.81|
|£1,600||£500||10 Years (120 Months||9.9%||£14.22||£606.41||£2,206.41|
|£2,200||£500||10 Years (120 Months)||9.9%||£21.98||£937.18||£3137.18|
Fancy a Worcester Bosch boiler in your home?
When people think boilers, a lot of the time people just think Worcester Bosch. There is a reason for that, they are very good. Get one installed now on one of our pay monthly boiler plans. Guaranteed to last and keep your home warm for years to come.
0% APR Interest Free Boilers & Buy Now Pay Later
Buy now pay later offer means that you can pay no interest if you pay your loan off early.
You can take advantage of great, new boiler replacement deals.
Then, you can defer your payments over 3, 6 or 12 months with no early repayment charges.
This repayment option is the most popular for new combi boilers, system boilers, back boiler replacement and installations with new radiators.
Some of the lending criteria for 0% interest-free boiler credit may be:
Boiler finance Loan terms from 3-12 months, sometimes 18 months
Minimum loan term 30 days
Loans up to £20,000 (most boilers are around £1,500 to £5,000 dependent on your home)
Setting Up A Boiler on Finance Credit Agreement
New boiler pay monthly agreements are like any normal credit agreements you may take out for everyday products where you pay back over a period of time.
You do this by loaning an amount of money from a lender to purchase your new boiler.
You then choose how long you would like to take the finance plan over and then you agree to a monthly repayment that you are comfortable paying off each month.
There are varying APR rates dependent on your credit history so we can not give you a fixed rate of APR but this will always be discussed with you before purchasing your new boiler on finance. Check out the cost of a new boiler before committing to a certain boiler.
Some of the lending criteria may be:
Loan terms from 12 right through to 120 months.
Minimum loan terms 45 days
Loans up to £20,000 (most combi boiler prices are around £1,500 to £5,000 dependent on your home)
No Deposit Finance - Pay nothing upfront & get your new boiler right away
Sometimes our customers have an unexpected boiler malfunction such as a leaking boiler for issues with your boiler flue and it is cheaper to get a new boiler than get the old one repaired.
Cash is not always readily available to purchase the heating system you require so therefore most of our boiler companies are able to offer no deposit boiler finance. Usually, the maximum term for this type of finance is 10 years, but some boiler loans can be up to 15 years. Age restrictions do apply.
Some of the lending criteria may be:
Loan terms from 3-120 months
Minimum loan term 30 days
Loans up to £20,000 (most boilers are around £1,500 to £5,000 dependent on your home)
If you have the cash readily available to purchase your new boiler then take advantage of no finance agreements to sign and simply pay your boiler installation company by cash or card.
It may not necessarily speed up the boiler installation as finance applications can be done within 10 minutes online but you do have fewer ties by purchasing outright.
If your boiler is on the brink but you think that your boiler could be repaired as it is a simple boiler leak, then you can speak to us about getting the best combi boilers, contact us here.
Combi boilers on finance from £9.50 per month
Spreading the cost helps everyone, as it not only enables you to be able to afford the things you want in life, it enables you to still have money to live the life you want.
By exploring, comparing and searching for the best new boiler deals to find out how much your new boiler may cost you can be confident that your heating system is the right one for your home.
Pay monthly with 0% interest-free boiler finance
Here you can compare a wide range of new boilers from leading brands such as Viessmann, Worcester Bosch, Vaillant, Ideal and many more.
Different boiler finance plans range from £0 deposit with low monthly payments from £9.50 pm with 0% APR interest.
Our wide range of trusted boiler companies has a huge range of options for new boilers on pay monthly plans.
You can spread the cost of replacement boilers over several years or even a long term 10 years to keep monthly payments down, from 9.9% APR representative.
They act as credit brokers so that you can pay their low % APR or interest-free finance depending on your needs.
Most interest-free 0% boiler financing plans are available only when you opt for the buy now pay later option, as you do not pay any interest if you repay the loan back within the agreed timescale.
This is mostly 12 months. You must ensure that you repay the loan back within the agreement as it can impact your repayment and also could affect your credit score.
If required we can offer loan terms of up to 10 years to lower the monthly cost however this may be at a higher interest rate than you would pay over a shorter term.
If you are unsure of how much the credit will cost you it is important to know before entering into any credit agreement for your new boiler or central heating system.
You can choose no upfront cost or £0 deposit on your recurring payment plan
Spread the cost of your new boiler finance over several years or 120 months
No interest to pay if using a buy now pay later (BNPL) finance plan
Some offer 0% interest rates on boiler finance purchases
No exit fees on completed finance agreements
Affordable, manageable monthly payments
You know what you are paying monthly, with no unexpected costs
If you do not pay your monthly payments on time you can get high charges as a penalty from the lender.
A good credit rating is beneficial, or APR rates may be higher
An FCA regulated company is to be used, which could restrict your options
Some people will pay high-interest rates and higher APR with poor or impaired credit.
May cost more than purchasing your boiler outright
Boilers on Finance from £9.50 Per Month ?
By opting to get your new boiler through us you are choosing a way that will enable you to have access to the best boilers at the right price for you.
With unbeatable boiler deals and new boiler prices when you compare with us, you can choose the perfect payment plan on a range of market-leading boilers to suit you.
Long boiler warranties up to 12-years
Get a huge 12-years warranty on Viessmann and Worcester Bosch boilers at selected times with Boiler Central who have rock bottom boiler finance APR, some of the lowest on the market. (Subject to approval and credit status).
We are sure to be able to offer you great pay monthly solutions for new replacement combi boilers, as an alternative to British Gas boiler prices which are usually expensive.
Many of our approved installers will give you boiler scrappage allowance with most new boilers that you can use against the purchase of your new energy-efficient A-rated new boiler to keep you warm all year round.
What do I get with a new boiler on finance?
You get everything you would expect, a great service, a great new boiler installed by Gas Safe registered engineers and a great pay monthly plan tailored to your needs, even a free flue extension if required.
Customer service is something boiler companies pride themselves in. We compare for trusted boiler companies who offer great low deposits and great low APR monthly payments.
You can save a huge £340 per year when replacing an old inefficient boiler with a new A-Rated combi boiler.
To make it even better, many of the installers that will quote you will offer to pay monthly options for new boilers.
If you have a system boiler currently for your heating system then to replace your boiler you may need a survey to ensure a combi would be suitable, however, either way, they will still be able to offer to pay monthly plans.
Your local Gas Safe registered and approved installer will be able to indicate a price range initially and replace your boiler in super quick time.
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.