Interest Free Credit
Interest free credit is usually available on all portable Hot Tub purchases (but unfortunately not Inflatable Spas). You can apply over the phone or in store – it's quick, easy and you'll get an instant decision.
Our on-line retail finance partner is Pay4Later. Credit is provided subject to status.
Example Interest Free Credit Options....
| Hot Tub @ £3,199 | ||||
|---|---|---|---|---|
Amount of Deposit |
Length of Credit |
Monthly Payment | Typical APR | |
Deposit of 10% | £319.90 | 6 months | £479.85 | 0% |
Deposit of 25% |
£799.75 |
12 months |
£199.94 | 0% |
Example Low Interest Credit Option....
| Hot Tub @ £2,965 | ||||
|---|---|---|---|---|
Amount of Deposit |
Length of Credit |
Monthly Payment | Typical APR | |
Deposit of 10% | £296.50 | 12 months | £228.18 | 4.9% |
How do I apply for credit?
You can apply for credit in several different ways:
- Browse our website and select the items you wish to purchase. On the check out screen, select "finance" as your payment option.
- Or call us on 08454 300030
- Or simply visit our store.
However you apply, our sales team will email you a link which enables you to complete a simple on-line application form taking around 10 minutes. You get an instant decision and there is no paperwork to complete.
You will need to provide your address(es) for the last 3 years, details of your employer and your salary and your bank details.
Will I qualify for credit?
To apply for finance you must meet the following criteria:
- You must be over 18 years of age.
- You must be a UK resident with at least 3 years continual address history.
- You must be employed for at least 16 hours a week, unless you are retired or a house person with a spouse in full time employment.
- You must have a good credit history with no late payments, CCJs, IVAs or bankruptcy.
- You must have a UK bank account capable of accepting Direct Debits.
- The goods must be delivered to your home address.
What length of repayment is available?
We offer 2 options for interest free credit on most hot tubs, either 6 months credit with a 10% deposit or 12 months credir with a 25% deposit.
How do I pay the deposit?
Your chosen level of deposit, either 10% or 25%, is payable by credit or debit card upon acceptance.
How are my monthly payments paid?
All monthly payments are paid by direct debit from your personal bank account. Typically the first payment will be due one month after the date of the finance agreement and subsequent monthly payments will be due on the same day every month for the length of your term.
Can I pay my agreement off early?
You can settle your loan agreement at any time. Simply write to Ikano Retail Finance and they will calculate and send you, your settlement figure. Your settlement figure and date are calculated in line with the Consumer Credit Act.
