Interest with Very.

PJC88

So I'm coming to the end of a 12m 'buy now pay later' period with Very. 
I still owe £730 and the bnpl runs out on 15th August. 
I've attached the info on my account. 
What I want to know, if I didn't pay any of the £730 before then, would the amount I owe them now include the full £397.51 meaning I owe them £1127.51? 

[Deleted User]

So yes.

And probably a missed payment fee.

PJC88

I intend to pay it so won't miss a payment. I was just wondering if I didn't pay it all, would the interest be added in a way where I owe 730 and pay 50, but rather than the full 50 come off the loan, say 30 came off and 20 went to interest. 

[Deleted User]

It will pay off a mix of capital and interest. Check the agreement for the calculation.

CKhalvashi

You would need to pay the full balance of £730 by 16 August to avoid the £400ish in interest.

It's all or nothing, not just a partial payment in this case, with the interest accruing from day one until paid if not fully paid by the end of the 0% offer.