SECCI (Standard European Consumer Credit Information) is a document that provides a comprehensive overview of your Credit Agreement.

The SECCI form includes key details including your; type of credit, APR, Deposit, Monthly Payments, Balloon Payment (or optional final payment), the total amount repayable, and finally, the terms and conditions of the agreement.

The form is standardised between finance providers, allowing you to easily and clearly compare different offers.

All regulated credit providers are legally entitled to provide you with a SECCI form before you enter into a finance agreement. If you do not receive one, you should think carefully before progressing with your finance application.


Why is the SECCI form important?

Car finance has not always been straight-forward, especially if you wanted to compare the best deal between providers and were presented with agreements in different formats.

The use of jargon and unfamiliar terms only seemed to add to the confusion.

So how do you know the car finance agreement you’re signing has the right numbers and terms you’re expecting?

The SECCI form is the answer.

By presenting the information in a clear format, standardised between all FCA regulated lenders, you can clearly see what you’re signing up for.

And, if you do decide to look elsewhere, you’ll easily compare different offers.

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