A ‘buy now, pay later” credit scheme for buying holidays is being revived by Barrhead Travel.
The finance package allows customers to spread the cost of a holiday over 12 months.
Initially available at five branches across the UK, the scheme will be expanded across the independent agency chain’s 61-strong network throughout the year and will be available online.
Customers will be offered competitive rates and may be approved for finance in minutes, allowing them to budget better for their holiday.
Bill Munro, chairman of the Scottish-based company, revealed that work on the initiative had been going on for nine months, which has included the process of obtaining an FCA Credit Licence.
He said: “We implemented a holiday finance initiative several years ago, but it didn’t work well due to the complexity and the time taken for approval.
“Our new offering is much more streamlined, providing an immediate response for our customers.”
Munro added: “We believe this facility will be welcomed by our customers, bringing more payment flexibility that will enable them to budget for their holiday in the best possible way.
“This could also benefit those who perhaps hadn’t planned on travelling at short notice.”
Barrhead Travel has continued to expand its branch network this year with new sites in Edinburgh and its first travel store south of the border in Newcastle.
“The continued investment in new sites and infrastructure has given us an outstanding platform to deliver the most comprehensive travel experience,” Munro said.
“The launch of our new finance facility enables us to further this objective and offer more flexibility and choice to our customers.”
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