The Actual Structure
A clear breakdown of what happens at each stage and what it costs
| PERIOD | WHAT HAPPENS | COST TO THE CUSTOMER |
|---|---|---|
| Days 1-120 Payment Break | No repayments are due. The customer uses the capital. | A user fee is charged during this period. Fee structure is set by Qeld. Amount should be stated clearly during application (exact amount to be confirmed with Qeld). |
| Day 121 Onwards Repayment | Monthly repayments begin. Spread over 24 months. | 0% interest. No interest charges at all during the 24-month repayment period. |
| Early Repayment Any Time | Customer can repay the full remaining balance early. | No early repayment penalty. No additional fee. |
| Hidden fees | None. | No administration fees, no late payment penalties (confirm with Qeld), no exit fees. |