You can apply via the link below for an additional deferral of up to a further three months, subject to the maximum six months in total. You will need to apply in the last month of your deferral period and at least five working days before your monthly payments resume. This is important as if you apply after your monthly payment becomes due at end of a deferral, you will go into arrears and may lose your right to a further deferral.
Non-continuous payment deferrals: if you have been able to resume your monthly payments after a previous deferral and now have become in need of a further deferral, you can apply for an additional deferral of up three months (up to six months in total) at least five working days before your next monthly payment falls due. If you have missed a monthly payment after a payment deferral has ended, you will not be entitled to a further deferral.
A reminder that the deadline for making an application is 31 March 2021, unless you are applying to extend a deferral that covers payments beyond 31 March 2021. Please see above for more information.
Additional Payment Deferrals are intended to provide customers with further financial support in the exceptional circumstances arising out of the Coronavirus pandemic. If you are experiencing longer-term payment difficulties, please call us to discuss the options available to you.
For information on Payment Deferrals, your options and their implications please see the information above. You can also click here to view a video message from our MINI Financial Services Chief Executive Officer, Mike Dennett.
IMPORTANT NOTE: this video was recorded when the closure date for payment deferrals applications was 31 October 2020. This closure date has now been extended: please see above under ‘Deadline for applying for payment deferrals’. All other information in the video remains applicable. The maximum payment deferral period remains at six months.
We will contact you via email to inform you if your application is accepted. Upon granting a deferral, we will not collect any payments on your agreement during the additional deferral period.
Please only request the number of months’ deferral that you require.
If you can afford to make partial payments, and wish to do so, you can apply for a Payment Deferral (up to a further three months and up to six months in total) and then call us to make voluntary payments at the level you can afford. It is likely to be in your interests to do so to limit the extra costs of an additional Payment Deferral, after payment of any arrears incurred prior to the start of the initial deferral.
Please remember an additional payment deferral will increase your overall debt and may affect future credit applications. It is therefore not in your best interests to apply for a Payment Deferral unless you need this support due to temporary financial difficulties resulting from the impacts of COVID-19. Please see ‘Other options that may be available to you’ for other options that may be available to you.