Buying a Fridge Freezer on Finance: Everything You Need to Know

Purchasing a brand-new fridge freezer is a considerable expense that can be difficult to cover outright. As a result, a growing number of people are considering finance options to spread the cost over a more extended period. In this article, we’ll delve into the world of fridge freezer finance options, including the different payment methods available, the minimum spend required to qualify, the promotional period duration, and the various finance options at your disposal. Before you apply, read on to discover what you need to know.

Fridge freezers with credit in UK

What is Fridge Freezer Finance?

Fridge freezer finance allows you to pay for your new appliance in instalments, rather than in one lump sum. You can choose to pay over a few months or several years, depending on the terms of your finance agreement. By spreading the cost, you can make sure that buying a new fridge freezer doesn’t put too much strain on your finances.

Credit Limit and Credit Reference Agencies

To apply for fridge freezer finance, you’ll need to meet certain criteria, including having a good credit score. The finance provider will set a credit limit, which is the maximum amount of credit they are willing to lend you. Your credit limit will be based on several factors, including your credit score and your income.

When you apply for finance, the provider will carry out a credit check, which will be recorded on your credit report by credit reference agencies. This check can affect your credit score, so it’s essential to make sure you’re eligible before you apply.

Monthly Payments and Finance Agreements

Once your finance application has been approved, you’ll need to make monthly payments to repay the outstanding balance on your fridge freezer. The amount you pay each month will depend on the length of your finance agreement and the interest rate charged.

There are several finance options available, including PayPal Credit, which allows you to spread the cost of your purchase over four months with 0% interest. Other providers offer longer finance agreements, which can last up to several years.

Promotional Periods and Payment Plans

Many finance providers offer promotional periods where you can take advantage of 0% interest or other incentives. For example, some providers may offer a cashback incentive or a free gift when you buy a fridge freezer on finance.

You can also choose to pay for your fridge freezer using a payment plan, which allows you to pay off the remaining balance in instalments. This can help to reduce the amount of interest you pay overall.

Representative Example and Payment Options

When you apply for finance, the provider will provide you with a representative example of the interest rate charged and the total amount you’ll need to repay. It’s essential to read this carefully and make sure you understand all the terms of your finance agreement.

You’ll have several payment options available, including paying by direct debit or setting up a recurring payment online. It’s essential to keep up with your payments to avoid falling into arrears, which can affect your credit score.

Eligibility and Note

To be eligible for fridge freezer finance, you’ll need to be a UK resident and have a good credit score. You’ll also need to provide your personal details, including your home address, to the finance provider.

It’s essential to note that if you’re unable to keep up with your payments, your credit score could be affected, and you may be charged interest or other fees. If you’re unsure whether you can afford the repayments, it’s worth considering other options, such as saving up or looking for a cheaper fridge freezer.


Buying a new fridge freezer on finance can be an excellent way to spread the cost over a more extended period. However, it’s essential to make sure you’re eligible and understand all the terms of your finance agreement before you apply. By taking the time to do your research and comparing finance options, you can find a deal that works for you and your budget.