If you're paying for something monthly, interest-free is ironically more interest-ing.
Where do you start when your boiler breaks down and needs replacing? Unfortunately, many Brits don’t have spare cash lying around to pay for such unexpected costs, and digging through the sofa cushions only gets you so far.
Luckily, we live in the modern age where finance can be arranged for everything at the push of a button, so why not interest-free boiler finance, too, right?
The good news is that you can potentially pay off your boiler interest-free in the UK. Below we cover everything you need to know about buying interest-free boilers, including Gas Safe installation. You won’t be paying interest, but it’s best to pay attention to fully understand your options.
Replacing your boiler on finance is a potential option if you do not have the money to pay it all upfront (subject to lender approval).
If you are interested in paying for your boiler with interest-free boiler finance, we have options from 12 to 48 months. If you need longer to pay for your boiler, we have other interest-bearing options for up to 10 years.
However, you can also spread this cost over as many months as you need with fixed monthly payments to ensure there are no nasty surprises. You’re sure to be spoiled for choice, but below we feature the top choices for boiler finance so that you can make the right choice for your unique situation.
Need to know the cost of boiler finance, quick? Simply answer these questions (takes 60 seconds), get your fixed price and you could get it installed as quick as tomorrow.
0% Interest Boiler Finance Key Takeaways:
Boiler finance allows you to spread the cost of a new boiler into affordable monthly payments.
A deposit is not required for boiler finance, but up to 50% can be paid.
You can make overpayments at any point.
You can spread the costs of a new boiler up to 10 years (with an interest-bearing loan).
Interest-free boiler finance is available on specified boiler deals from 12 to 48 months in some cases.
Like all loans, boiler finance is not guaranteed but is subject to a lender approval process.
Buy now pay later boiler finance may also be available (subject to offers at the time).
Heatable is not the lender - we are in fact the credit broker but can introduce you to one of the lenders on our panel.
The minimum loan amount is £1,000.
To begin your boiler finance application and explore the options, start here.
You can earn back some of your investments by installing a coin-operated shower and charging your kids to keep up with their personal hygiene.
*0% finance - subject to status and affordability. Terms and conditions apply. Minimum payment terms apply.
Easy Monthly Boiler Finance Payments
The cost of a replacement boiler is not something we factor into our everyday budget, but when you don’t have the extra money for this expense, you need to consider all of your options to make a decision that suits your needs and budget. For starters, a monthly payment plan on a boiler scheme might be the option for you.
The repayments can be spread over as many months as you need, sometimes even as long as 10 years. You can even opt for no-deposit schemes when looking at different finance deals available.
Let us look at some of the best boiler finance deals from Heatable.
New Boilers on Finance
The fastest and most efficient way to find out if you are eligible for boiler finance is to do an online quote. Entering all your relevant boiler details, you will be able to find out instantly if you are approved for boiler finance and the repayment amount.
0% APR Boiler Finance for UK Residents
If you are looking for interest-free finance options, then look at the 4-year interest-free options available to UK residents. This will give you 48 months to pay off your boiler finance agreement with no interest. And who wouldn’t be interested in that?
New Combi Boilers on 0% Interest-Free Offers
Now you can select a combi boiler from a wide range of brands with the option to pay your boiler finance loan monthly in affordable instalments.
0% interest-free boiler finance is suitable for any budget, giving you the freedom to pay your boiler finance with absolutely no interest and in instalments to suit you and your lifestyle - if your lifestyle includes warm water.
How Does Interest-Free New Boiler Finance Work?
What does 0% interest-free finance mean? It is pretty simple to explain; it means you pay for your boiler over the length of the loan (up to 48 months) with no interest added to the bill.
You have 12 48 months to pay in full with no interest added. This helps spread the cost of your new boiler or central heating system and give your finances a bit of breathing room.
If you have spare cash, you could deposit up to 50% of the full amount and then start paying installments when the boiler is installed. Bigger isn’t always better, especially when it comes to payment instalments and headaches.
However, if you're looking at paying monthly for your new boiler, the chances are, you don't have access to a lump sum - that's its entire purpose.
Interest-free boiler finance summary:
No deposit is required on the new boiler pay monthly scheme.
Make boiler financing overpayments at any time.
Pay monthly for up to 48 months (with Heatable).
If your radiator is cold at bottom, it may be a sign of a faulty boiler valve, in which case getting your new boiler replaced may be appropriate, check out the Worcester Bosch Greenstar 30i, which you can purchase through us.
Interest-Free Boiler Finance Examples (Representative)
Do you want some real-world examples of how interest-free boiler finance works?
Here goes...
On a 24-month agreement, with no deposit and a total replacement cost of £2,095, your monthly repayment amount will be around £87.29. The total amount paid over 24 months will be £2,095.
This is an opportunity for people who want to spread the cost of a new boiler over 2 years without adding interest to the boiler finance loan and don’t have £2,095 currently in their wallet.
And remember, you do have the option of paying a larger deposit (up to 50% of the total amount) to make your monthly repayments even lower.
Important note: a minimum loan of £1,000 is required, so bear this in mind if you are considering paying a large portion of the costs upfront.
Interest-free boiler finance examples (with our most popular boilers):
Worcester Bosch Greenstar CDi Compact (0% APR):
Fixed prices from £2,095 (get your quote online)
APR | Deposit | Loan Amount | Term | Monthly Payment | Interest | Total Payable | |
0% | £0 (0%) | £2,095 | 2 Years | £87.29 | £0 | £2,095 | |
0% | £1,047.50 (50%) | £1,047.50 | 2 Years | £43.65 | £0 | £2,095 |
Viessmann Vitodens 100 (0% APR) Boiler Payment Plans:
Fixed prices from £2,130 (get your quote online)
APR | Deposit | Loan Amount | Term | Monthly Payment | Interest | Total Payable | |
0% | £0 (0%) | £2,130 | 2 Years | £88.75 | £0 | £2,130 | |
0% | £1,065 (50%) | £1,065 | 2 Years | £44.38 | £0 | £2,130 |
*new boiler finance examples are to be used for illustrative purposes only. Get a finance quote online for the final and most up-to-date figures.
Buy Now, Pay Later Boiler Finance
There may be other options available when it comes to buying a boiler (subject to offers at the time).
The buy now and pay in 12 months solution might be for you.
Like the name states, it gives you a year to get your finances up to speed, while you can still do dishes.
Although this allows you to pay later, you will have to pay interest on this type of boiler finance, which gives you the flexibility to pay over up to 10 years.
Paying Monthly for A New Boiler Criteria
As stated previously, all loans are subject to a lender application process and are not guaranteed.
Here are the basic criteria:
Over 18's only
UK resident for 3 years
Employed, self-employed or in receipt of a pension
No county court judgements, arrears or bankrupcies on existing loans
You must be a UK resident and have lived in the UK for the past 3 years. In addition, you should be employed, retired or receiving benefits to cover the cost of the repayments.
You will need to sign a loan agreement online and prove your identity. This can be done using a valid UK passport, a valid UK driving license and a utility bill that is dated within the previous 3 months of your application date. These documents need to be in the name of the person applying for the boiler finance.
Pay Monthly Boiler Finance Plans
The first step is to get your online boiler quote, which takes a few minutes to complete.
Next, select your boiler finance plan that includes your fixed price and installation date, simply choose a timeslot that suits you.
Get your new boiler installed - we will remove your old boiler, install the new boiler and show you how to use it.
Continue to receive support - we are always here happy to help with any issues that may arise, hence why we are a Which approved installer and all our boiler installations come with a 12-month workmanship warranty.
New Boiler Finance with a Bad Credit History
When you apply for any credit, the lender will do an assessment of your credit history and the affordability of the loan.
A credit check will be required, and the credit check level is different for each finance lender. When you apply with the boiler finance company, be aware that this will reflect on your credit file and, if refused, will also show on your credit file.
Financing Combi Boilers
Getting a replacement combi boiler is straightforward, with financing options that are just as straightforward. If you can browse the internet, you can get a replacement combi boiler.
You will find it is an easy switch from an old existing combi boiler to an efficient modern boiler like a Worcester Bosch or Viessmann boiler.
If you have a boiler system and a tank, you could have the old system replaced within 48 hours with a new combi boiler and on a monthly repayment plan.
You could spread out the cost with 0% interest boiler finance, and a bonus of no interest on your new combi boiler installation. Do not be put off by replacing your old back boiler. There’s no need to be emotionally attached to it.
You know that they tend to be inefficient and so easy to replace with a new combi boiler. The removal of the old back boiler usually takes a day, and the benefit of financing this replacement is that you could take up to 48 months to pay it all back (depending on the boiler selected).
What's included when getting a new interest-free boiler?
All our new boilers (when paid for via boiler finance, or not) are fully installed by a Gas Safe engineer as standard, as well as this, you will receive the following extras as part of your boiler package:
A wireless thermostat – for maximum control. There are optional upgrades to smart thermostats too.
Boiler filter – for maximum protection from sludge and corrosion.
Chemical cleanse – (for the boiler, not for you) - to improve water quality, a leading cause of corrosion.
Flue kit – a must-have for any new boiler installation, obviously.
Want to save money and energy on your heating bills? If so, you should consider installing one of the best smart thermostats.
Will a Finance Agreement Affect My Boiler Warranty?
You might wonder if the new boiler warranty will be affected, the answer is no, boiler finance does not affect your boiler warranty.
Conclusion - Interest-Free Boilers
The Energy Saving Trust states that you can save as much as £445 per year by replacing your old inefficient boiler with a new A-Rated combi boiler.
Pair that with the savings you'll make by avoiding repairs and out-of-hours emergency callouts and adds up to a lot of benefits for you.
Apply for boiler finance today, and we could be fitting your new boiler tomorrow.
Get a Quote for a New Boiler Today
If you’re aiming to get the best deal on a new boiler, consider getting a quote from us, here’s why:
Gas Safe installation within 24 hours.
Thousands of satisfied customers with an average score of 4.9 on Trustpilot, surpassing the market leader.
Which? Trusted Trader: Heatable is proudly recognised as a Which? Trusted Trader.
Price match guarantee: We will match any like-for-like cheaper quote.
Flexible payment options, including interest-free finance.
Up to 12-year guarantee on selected boilers.
Fixed price guarantee: No hidden costs.
Save your quote and decide later.
Get an instant fixed price on a new boiler, here.
To learn more about boilers, visit our advice section, check out our YouTube channel, or read customer testimonials here.
Heat Happy.
[1] These are estimated figures based on installing a new A-rated condensing boiler with a programmer, room thermostat and thermostatic radiator controls (TRVs) in a gas heated home from an older boiler with a programmer and room thermostat. Savings will vary depending on the size and thermal performance of your home. Figures for England, Scotland and Wales are based on fuel prices under the Energy Price Guarantee running from April 2023 to the end of June 2023.
Heatable Ltd (Company No. 08804726) is authorised and regulated by the Financial Conduct Authority (FRN: 805259) as a credit broker (we are not the lender) and introduces loans from its panel of lenders. All loans are subject to lender approval process and credit scoring. When applying for loans, you should always make sure that your monthly payments are affordable as, if you don’t make the monthly repayments on time, your credit rating and your ability to access credit in future may be negatively impacted.
