Boilers on Finance: Interest Free & Pay Monthly Boiler Options
Get a New Boiler on Finance with Installation Online
Are you considering a new boiler but worried about the cost?
Our ‘Boilers on finance’ offers a practical solution, allowing you to equip your home with essential heating through manageable monthly payments.
Get a fixed price quote and apply online now in minutes here>
In this article, we’ll explore our various boiler financing options, including no deposit, interest-free credit, and low APR plans, to help find the right new replacement boiler for your budget.
Plus, we’ll guide you through eligibility requirements and the application process to ensure you can enjoy a warm home without financial strain
Boiler Finance Calculator
Get an online fixed price in 20 seconds:
Boilers on Finance Overview
- A variety of boiler finance options are available, such as pay monthly plans, interest-free credit, and buy now, pay later schemes, enabling consumers to acquire new boilers without upfront costs and high immediate expenses.
- Eligibility for boiler financing typically requires stable income verification, at least three years of UK residency, and a decent credit history, with considerations made for those with less than stellar credit backgrounds.
- The process of applying for boiler finance is streamlined with an online application, approval can be swift, and the comprehensive boiler package typically includes installation, warranty, and energy-efficient savings translating to long-term financial benefits.
Get an online fixed price in 20 seconds:
Our Boiler Finance Options
Navigating the landscape of boiler finance options might seem like venturing into a labyrinth, but fear not! The path to a new boiler is paved with flexible finance options designed to suit various budgets and needs.
Get your boiler quotes online now, so whether you’re replacing an old boiler or installing a system in a new property, the array of finance options means that the boiler cost need not be a barrier.
| Boiler Finance Type | Interest Rate (% APR) | Term |
| Interest Free Boiler Finance | 0% APR | 1 to 2 years |
| Buy Now Pay Later | 0% APR for 12 months | 12 Months |
| Interest Bearing Boiler Finance | 13.90% APR | 3 to 10 years |
| Poor Credit Finance | 16.90% APR | 3 to 10 years |
Pay monthly boiler options
With a range of flexible pay monthly boiler instalments up to 10 years with 13.9% APR, there is a range of options such as:
- Pay monthly plans
- Interest-free credit
- Buy now, pay later schemes
- Boiler grants and subsidies
With these options, you can find a solution that works for you and get the type of boiler you need without breaking the bank.
From interest-free plans that allow for the spread of boiler installation costs without the sting of interest, to long-term low APR solutions, affording a new boiler has never been more accessible.
Depending on the loan amount, monthly payments can dip as low as £25 per month, making it a no-brainer for those seeking to balance their monthly outgoings with the necessity of a reliable boiler and heating system.
Get an online fixed price in 20 seconds:
No Deposit Necessary
Embarking on the journey to a new boiler often begins with finances, and the concern of upfront costs can be daunting.
Imagine securing a new heating companion for your home without the need for a deposit – a reality made possible with no deposit required boiler finance options.
This approach to finance breaks down barriers, allowing homeowners to manage their expenses without the initial financial hurdle.
For those who prefer to reduce their monthly repayments, the flexibility to pay a deposit up to 50% is available, but not mandatory, ensuring that financial flexibility truly is at the heart of the deal.
With the option to negotiate the cash price or set up a direct debit, you can tailor the agreement to your needs.
Spread the Cost with Interest-Free Credit
Have you ever dreamt of spreading the cost of a significant investment without the spectre of interest looming over you?
With interest-free boiler finance options, this dream becomes a reality.
These plans are akin to a financial pause button on interest, allowing you to tackle the boiler cost in manageable monthly payments without the burden of additional charges.
The periods for such benevolent borrowing can extend from a mere year to a generous four years, depending on the boiler deals you select, making it a perfect fit for a wide range of financial situations.
Interest free finance example
| Interest Free Finance Example | Costs |
| Cash Price | £1,794 |
| Deposit | £794 |
| Amount of credit | £1,000 |
| Monthly Payments | £41.67 |
| Apr | 0.00% |
| Loan Term | 24 months |
| Total Payable | £1,794 |
Get an online fixed price in 20 seconds:
Low APR Solutions for Longer Terms
For those who need a little more time, low APR solutions stretch the horizon of repayment far into the future.
With terms extending up to a decade, these finance options are the financial equivalent of a long, reassuring embrace for your budget.
APR, or Annual Percentage Rate, encapsulates the cost of borrowing, including both interest and any additional fees, providing a clear picture of your financial commitment.
Moreover, these plans are not set in stone; the flexibility to make overpayments means you can cut the repayment period short, offering a welcome dose of financial agility.
Best Pay Monthly Boiler Deals Online
If you are looking at spreading the cost with boiler finance, then you want to ensure that you are getting a great deal. All our our pay monthly boiler deals are available online not when you simply get a fixed quote.
You can use our online application tool from Vendigo or Novuna, depending on the package you are looking for. You can play around with deposit and loan length to suit your circumstances.
The Eligibility Criteria for Boiler Financing
Before you can bask in the warmth of your new boiler, there are a few stepping stones to navigate in terms of eligibility. It’s not just about wanting a new boiler; it’s about meeting certain criteria that assure financiers you’re a safe bet.
Ensuring you possess a stable income, verified by something as simple as a recent utility bill, is just the start.
Residential stability is also key, with a requirement of at least three years of UK residency under your belt, coupled with valid identification such as a UK passport or driving licence.
Employment and Income Verification
The cornerstone of eligibility rests on proving a stable income, whether you are an employed retired person, self-employed, enjoying the fruits of retirement with a pension, receiving a disability allowance, or relying on disability allowance unemployed benefits.
This requirement ensures that lenders have confidence in your ability to meet your monthly obligations through your personal bank account, thereby securing the financial foundations of the boiler finance agreement.
It’s important to note that Boiler Central is not a lender, but we strive to connect you with the best financing options available.
Get an online fixed price in 20 seconds:
Credit History Considerations
Your financial past, encapsulated in your credit history, plays a pivotal role in the quest for boiler finance. A gleaming credit history opens the doors to 0% boiler finance schemes, while those with blemishes on their financial records may still find a way forward, as applications are reviewed on an individual basis.
It’s not all or nothing—poor credit might lead to higher interest rates, but it’s not an automatic disqualification. However, be aware that any active County Court Judgements, insolvency, or mortgage arrears can significantly hinder your application.
Read our guide on bad credit boiler finance for more information, but inevitably, a credit check will be the final judge before the green light is given and the installation process begins.
Step-by-Step: Applying for Boiler Finance
Once you’ve navigated the eligibility maze, the adventure of applying for boiler finance awaits. The process is simple:
- Start with an online quote that provides a clear picture of the boiler cost, tailored to your home and heating needs.
- You can get an instant approval online, and a credit check will ensure you’re in good standing.
- Upon approval, you can select your deposit amount, if you choose to make one.
The beauty of this modern-day convenience is how quickly you can transition from approval to having your boiler installed, with options like our next-day boiler installation service ordered before 2 pm on a weekday, ensuring your home doesn’t stay cold for long during the boiler installation process.
Online Boiler Finance Applications Made Simple
The digital age has streamlined many a tedious task, and applying for boiler finance is no exception.
An online application can offer finance as swiftly as a minute, providing a fixed price and a buffet of finance options to compare at your leisure.
We have installed 1,000 boilers for customers using our finance services, from the ease with which they chose their boiler and additional features all through the simplicity of an online finance application.
What Happens After Approval?
Once the digital ink dries on your finance agreement, the wheel is set in motion for your boiler installation.
The agreement can be signed electronically for speed, or printed and returned for those who prefer the feel of paper. Then, it’s only a matter of time before a local Gas Safe Registered engineer arrives to install your new source of warmth.
If you’ve chosen a Buy Now Pay Later plan, take a breath and enjoy the 1 year grace period before repayments begin after 12 months.
Get an online fixed price in 20 seconds:
Your New Boiler Finance Package
The anticipation builds as you near the end of your finance journey, and it’s time to unwrap your new boiler package.
It’s more than just a box with a boiler; it’s a comprehensive solution tailored to enhance your heating system’s efficiency and performance.
From the moment the certified Gas Safe heating engineer steps through your door, to the final click of your new wireless thermostat, every detail is taken care of.
Installation and Extras Included
Rest assured, the installation price you’ve been quoted won’t just get the boiler through the door; it includes the full installation service. The installation service includes:
- Removing the old unit
- Thoroughly flushing your central heating system
- Giving you a demonstration to ensure you know how to coax the best performance from your new boiler.
For those eager to feel the heat without delay, next-day installation options can turn the dream of a warm home with hot water into an overnight reality.
Warranty and Support
What’s a new purchase without the reassurance of a long boiler warranty? Your financed boiler comes with a warranty that shields your investment, offering peace of mind regardless of the finance plan you’ve chosen.
With options that can extend up to a decade, you’re covered for the long haul, and registration is a mere formality to lock in that guarantee.
Even beyond the warranty period, manufacturers often have protection plans to ensure your boiler remains in tip-top shape.
Get an online fixed price in 20 seconds:
Benefits of Choosing Finance for Your Boiler
Choosing to finance your boiler is like choosing to take the scenic route: it offers benefits that go beyond immediate convenience.
It’s about maintaining a healthy cash flow, reducing energy consumption, and ultimately, saving on those hefty heating bills.
Financing a boiler isn’t just about the here and now; it’s a strategic move that pays dividends down the line, with competitive options available even for those with less than perfect credit.
Energy Efficiency and Savings
The leap from an old G-rated boiler to a modern A-rated model is not just a step but a giant leap for your energy efficiency and wallet.
With potential annual savings of up to £800, the upfront investment in a new boiler quickly transforms into a wise financial decision that keeps on giving, month after month.
Even better, boiler financing options provide the means to make this upgrade without the sting of a single, substantial outlay, smoothing the path to energy efficiency and long-term financial health.
Flexibility and Financial Freedom
Beyond the tangible warmth a new boiler provides, the financial flexibility and freedom that come with boiler financing are equally comforting.
Spreading the cost into bite-sized monthly payments means you can enjoy the benefits of an efficient heating system without the burden of a large, upfront payment.
It’s an inclusive solution, ensuring that even without a boiler grant, homeowners can still afford the upgrade, thanks to accessible finance options.
Summary
As we wrap up our journey through the realm of boiler finance, it’s clear that the path to a new, efficient heating system need not be fraught with financial worries.
Boiler financing offers a bridge over the upfront cost, leading to a world where energy efficiency, savings, and comfort are within reach for homeowners.
With the flexible finance options, eligibility criteria, and the comprehensive boiler packages outlined, we hope you feel empowered to take the next step towards a warmer, more economically savvy home. May the heat be with you!
Frequently Asked Questions
Is it worth getting a boiler on finance?
Yes, getting a boiler on finance is worth it as it allows you to spread the cost over time, making it more affordable, and it may enable you to upgrade to a more energy-efficient model, helping you save on energy bills in the long run.
Can I get a new boiler on credit?
Yes, you can purchase a new boiler on finance, allowing you to spread the cost into monthly payments, especially with 0% APR, making it interest-free with no additional charges.
How do people afford new boilers?
You can afford a new boiler by accessing grants designed to provide low-income households with discounted or free heating systems, or by making your home more energy efficient through insulation upgrades. This can help reduce the financial burden of installing a new boiler.
Is there a government scheme for free boilers?
Yes, the government’s ECO4 scheme offers free boiler replacements to qualifying households and provides partial subsidies to others. Consider checking if you are eligible for this scheme.
Can I get a new boiler on finance without paying a deposit?
Yes, you can get a new boiler on finance without paying a deposit, which allows you to enjoy a warm home without an initial financial outlay.
