Thinking of choosing finance?
Finance is a great way to spread the cost of your purchase. To make it easy we’ve teamed up with Deko whose technology lets you apply for and complete a loan application quickly, easily and informatively.
Simply add the items you love to your basket. Once you are at the checkout select the finance option that suits you and choose Deko. The quick application form is simple and should take no more than a couple of minutes to complete and you will receive a decision instantly. Easy!
Check your eligibility
You will only be considered for finance if you:
• Are at least 18 years old
• Have a regular income of £200 per week
• Are a permanent UK resident and have lived in the UK for at least 3 years
• Have a UK bank account capable of accepting Direct Debits
• Have a credit history with no recent defaults or late payments
• Have no active debt relief orders, County Court Judgments (CCJs), Individual
Voluntary Arrangement (IVAs) or bankruptcies
• Provide an email address so your documentation can be emailed to you
Our payment plan options
Pay off your loan within a pre-agreed period and pay interest. Spread the cost of your purchase over 18 to 36 months. The value of the loan can vary per the length of term as below:
|Term||£ Min Loan Amount||£ Max Loan Amount||Min Deposit||Max Deposit||Interest Free Pay-Off Period|
Use our finance calculator on each product page to check the impact of various loan values, terms and interest rates on the total amount you need to pay and the monthly repayments.
Representative examples could be based on the below:
29.9% finance over 36 months
- Total order value = £1200
- 10% deposit = £120
- Total amount of credit = £1080
- Duration = 36 months
- Interest Free Pay-off period = 13 Weeks
- Representative APR = 29.9%
- Interest charged = £479.88
- 18 monthly payments of = £43.33
- Total amount payable = £1679.88
Paying with finance
Simply add the purchases to your basket and select Deko at checkout. You’ll then be taken to the application form, which takes just a few minutes to complete.
Your application will be assessed based on eligibility, credit history and affordability and Deko will let you know the outcome in just a few seconds. It’s important to know that when applying for finance a credit check is made which is recorded on your credit file.
Once approved, Deko will let you know who the lender is and provide you with their full contact details. You then just need to digitally sign your credit agreement, pay your deposit and wait for your order to arrive.
In a few cases, your application may be referred to a lender for manual assessment and you’ll be notified by email of the credit decision within 24 hours. If you’re not approved for finance, it could be for a variety of reasons and the lender will be able to give you more information.
Repaying the loan
Your first direct debit payment will be taken about a month after you receive your purchase. This will show on your statement as a payment to your lender. You have the right to repay all or part of the loan early at any time.
There is a 14-day cooling off period where you can withdraw from the credit agreement after signing your documents. If you wish to do this, please contact us (your retailer) directly. We can cancel the application on your behalf. There is no need to contact Deko or your lender.
A payment plan does not affect our standard refund and returns policy. Just contact us and we’ll cancel your application, and the lender will refund your deposit and let you know of any outstanding balance if applicable.
Electronic Centre Limited is authorised and regulated by the Financial Conduct Authority, register number NI068744 and act as a credit broker and not a lender. Finance is provided through the Deko platform by Snap Finance Ltd. Snap Finance Ltd is authorised and regulated by the Financial Conduct Authority (register number 741813).
Deko is a trading name of Pay4Later Ltd which act as a credit broker and not a lender. They are registered in England and Wales (company number 06447333) and authorised and regulated by the Financial Conduct Authority (register number 728646). For more information please go to www.dekopay.com/support or visit www.dekopay.com.