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Buy now pay next year loans????

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ravvles
ravvles Posts: 1 Newbie
in Loans
Hi all,

I am looking for a " buy now pay next year / 9 months later " loan. But there is a twist, I want to be able to pay it off within that year then pay no interest on the loan.

For example

June 07 - £1000 loan
Nov 07 - Pay off loan
June 08 - no interest to pay as i've cleared full loan amount before repayment starts.

I have done this in the past with DABS.com, But what i want is a company to give me to loan so I can spend it elsewhere.

Hope you know what I mean!

Cheers

Andy

Comments

  • jonesMUFCforever
    jonesMUFCforever Posts: 28,898 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Well banks do buy now pay later loans but for only 4 months and the interest is charged from day one.
    Have you thought of a credit card offering 0% on purchases for 9 or 12 months?
  • Phantom_Flan_Flinger
    Phantom_Flan_Flinger Posts: 2,794 Forumite
    As above, loan companies might defer your payments, but they don't defer the interest.
    Dave. :wave:
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