Personal loan agreement

GE Capital loans for 02 - News extra - agreement with GE Capital enables 02 customers to pay for mobile phones, handheld devices with personal loans -

02 customers can now pay for top-of-the-range mobile phone and handheld devices by taking out personal loans in 02 stores at almost 23% APR.

The mobile phone company has joined up with GE Capital, a specialist provider of motor and equipment finance.

Under the Easy Pay scheme, customers who pass a credit check by GE Capital can repay the loan in fixed monthly repayments.

The scheme applies to 15 phone models, each of which has a retail price of more than 199 [euro].

The APR on the GE Capital-02 mobile phone loan is 22.99%.

Monthly repayments on a Nokia 7650 camera phone, which has a normal retail price of 399 [euro] for bill customers, are 38 [euro] a month over 12 months. The total cost of the phone for customers who choose Easy Pay will be 456 [euro]-57 [euro] above the upfront cost.