V12 Finance

V12
Retail Finance

We're delighted to offer V12 Retail Finance at our online store






By partnering with V12 Retail Finance, we can now allow you to spread the cost of your purchases over a number of months with representative APR’s of 14.89% to 26.29% representative on Classic Credit, Take 10 and Buy Now, Pay Later options. We are also able to offer 10 months interest-free credit on Mac's over £1,000 for a limited time.

You can take advantage of Classic Credit, Take 10 and Buy Now, Pay Later on a range of Apple and other products from as little as £249, giving you greater flexibility in how much and when you pay. You’ll be able to choose from the available options when you reach the checkout at our online store. You’ll be presented with worked examples of your repayments on your chosen goods and selected finance package before beginning the simple online application. The whole application usually takes less than 10 minutes and in most cases, decisions are made immediately.

A V12 Retail Finance application will result in a check on your ability to afford the credit you are applying for, as well as your creditworthiness. Decisions are usually made immediately, although in some circumstances a decision will be deferred for further checks. Credit is subject to age and status. You must agree to V12's Terms and Conditions and electronically sign the Credit Agreement document before any goods can be released to you.


Delivery

For finance orders made online, we are only able to deliver the goods to the address on your credit agreement (your home address). You will not be able to have the goods shipped to another address or collect the goods from us in person.


Eligibility criteria

To apply for finance you must:

  • be at least 18 years of age
  • have been a UK resident for 3 years or more
  • be able to make repayments by direct debit
  • If you are in regular employment, working at least 16 hours, or retired and receiving a pension, or in receipt of a disability benefit. Finance is not available for unemployed individuals


Online store finance products


Interest Free Finance (10 months)

Our Interest Free finance scheme is what it says, Interest Free - no catch, no ties and no arrangement fees. You repay the loan amount through equal monthly payments spread over 10 months. This product is available on Mac purchases only and excludes computers covered by offers.

The minimum loan amount for this scheme is £1,000. The maximum loan amount for this scheme is £15,000.


Representative Example
Purchase Price (incl. VAT) £1,500
Deposit £150
Loan Amount £1,350
Interest/Total Charge for Credit   £0
Total Amount Repayable £1,500
Balance Payable £1,350
By 10 Monthly Repayments of £135
0% APR Representative
Bank rate of interest 0% PA fixed


Buy Now, Pay Later (6 months)

The Buy Now Pay Later scheme is a loan where you can choose to make no initial monthly payments for 6 months. You can choose to settle the loan by paying it back in full at any time during or at the end of the 6 months along with a settlement fee of £35 and with no interest charges. OR, if you choose not to settle in full, the loan rolls into an interest-bearing loan with interest charged on the remaining balance (calculated from the day the loan starts) at the given APR. You then repay the loan and interest spread equally over the repayment period. The choice is yours.

The minimum loan amount for this scheme is £250. The maximum loan amount for this scheme is £3,000.


Representative Example
Purchase Price (incl. VAT) £1,500
Deposit £150
Loan Amount £1,350
Interest/Total Charge for Credit   £552.24
Total Amount Repayable £2,052.24
Balance Payable £1,902.24
By 36 Monthly Repayments of £52.84
19.89% APR Representative
Bank rate of interest 10.22% PA fixed


Classic Credit 24 Months

Our Classic Credit scheme is simply an interest-bearing loan with interest charged at the given APR, there are no additional arrangement fees. You repay the loan amount and total interest spread equally over 24 months.

The minimum loan amount for this scheme is £539. The maximum loan amount for this scheme is £15,000.


Representative Example
Purchase Price (incl. VAT) £1,500
Deposit £150
Loan Amount £1,350
Interest/Total Charge for Credit   £204.96
Total Amount Repayable £1,704.96
Balance Payable £1,554.96
By 24 Monthly Repayments of £64.79
14.89% APR Representative
Bank rate of interest 7.59% PA fixed


Classic Credit 36 Months

Our Classic Credit scheme is simply an interest-bearing loan with interest charged at the given APR, there are no additional arrangement fees. You repay the loan amount and total interest spread equally over 36 months.

The minimum loan amount for this scheme is £539. The maximum loan amount for this scheme is £15,000.


Representative Example
Purchase Price (incl. VAT) £1,500
Deposit £150
Loan Amount £1,350
Interest/Total Charge for Credit   £310.32
Total Amount Repayable £1,810.32
Balance Payable £1,660.32
By 36 Monthly Repayments of £46.12
14.90% APR Representative
Bank rate of interest 7.66% PA fixed


Take 10

Our Take 10 scheme is a simple, interest-bearing loan with interest charged at the given APR, there are no additional arrangement fees. You repay the loan amount and total interest spread equally over 10 months.

The minimum loan amount for this scheme is £249. The maximum loan amount for this scheme is £1,500.


Representative Example
Purchase Price (incl. VAT) £1,500
Deposit £150
Loan Amount £1,350
Interest/Total Charge for Credit   £150.10
Total Amount Repayable £1,650.10
Balance Payable £1,500.10
By 10 Monthly Repayments of £150.01
26.29% APR Representative
Bank rate of interest 13.34% PA fixed



Returns and Cancellations

Please refer to our returns policy if you wish to return your order. If we accept your return, we will contact the lender to cancel the credit agreement. We may not be able to cancel the finance if the return falls outside of our returns period.





KRCS Group Ltd is registered in England No(s). 1741640 & 2322420. Registered office: KRCS Group Limited, Queens Court, Lenton Lane, Nottingham, UK  NG7 2NR. KRCS acts as a credit broker and offers credit products at our online store from Secure Trust Bank PLC trading as V12 Retail Finance. Secure Trust Bank is registered in England and Wales 541132. Registered office: One Arleston Way, Solihull, B90 4LH. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Registration number: 204550. KRCS is authorised and regulated by the Financial Conduct Authority. Our registration number is FRN697819. Credit provided subject to age and status.