Shows the rates agreed between yourself and the lender.
Product Code - this is the list of finance products that you can offer your customers. Examples:
ONIF6 = Online 6 months 0% interest
ISIB12-4.9 = In-store 12 months 4.9% interest
Rates - this is the subsidy you pay to offer finance, and is charged for every credit application when it is paid out.
Tier 1 is charged when the loan amount is < £1250.00, and Tier 2 is charged when the loan amount is > £1250.01.
Subsidies - Fixed subsidy results in a set amount that is charged for every credit application that is paid out. Minimum subsidy results in a set amount being charged, if the normal subsidy did not meet a certain amount.
Fixed Fee - this is charged for every credit application that is completed.
Credit Sentry Fee - this is charged for every credit application that is processed.
CS ID Auto/Manual - we have switched to a new identity verification service called Jumio, and therefore the charges in these columns are no longer. It is now a fixed fee of £2.95 plus VAT per ID upload.
Cancel - this is the fee that is charged for every cancelled credit application.
Amendment - this is the fee that is charged for every amended credit application.
Min and Max Loan Amount - these columns specify the minimum and maximum loan amounts that you can process.
Please note the fees are charged with your monthly invoice at the start of every month. It is only the subsidies that are charged when a credit application is paid out.
For further information regarding your specific rate please either review your Rate Card in the Deko Backoffice or contact your account manager.
Updated about 1 year ago