Finance Available when Spending Over £300 T&C's

Warehouse Deals
Sales & Customer Services: 01664 498 640
Free Technical Support: 01664 498 640

Finance

Finance Information

To help you spread the cost of buying your goods, Funbikes have teamed up with Deko Retail Finance to offer you convenient and great value payment plan options.

Funbikes Limited (06293682), Unit 5F Old Dalby Business Park, Old Dalby, Melton Mowbray, England, LE14 3NJ. Funbikes LTD is acting as a credit broker offering finance products from Omni Capital Retail Finance Limited. Funbikes LTD is authorised and regulated by the Financial Conduct Authority, registration number 774010. Credit is subject to status.

Deko

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.

Check Your Eligibility

You will only be considered for finance if you:
• Are at least 18 years old
• You're in paid employment or have a regular income (minimum 16 hours per week or £5,000 per annum, unless you are retired and receiving a private / company pension or in receipt of disability allowance)
• 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 good credit history with no late payments, debt relief orders, County Court Judgment (CCJs), Individual Voluntary Arrangement (IVAs) or bankruptcies.
• Provide an email address so your documentation can be emailed to you.

How to Apply

In Person - Apply at our store(s), where one of our sales staff will assist you with the entire process.

Via Telephone - to our store on 01664 498 640.

Online - Simply add your products & services to your basket then continue through the checkout as normal. On the confirmation page, when you are prompted to "Complete Order" select the "Finance Available" button to proceed to our application screen.
Only 5 minutes to complete with an instant decision!

How Much Can I Borrow?

The minimum lending amount in addition to the upfront deposit is £270 (For example, total purchase price of £300 with 10% deposit=£270). The maximum loan amount is £15,000.

Is A Deposit Required?

Yes. If your credit application is accepted, you will be required to pay a 10% deposit, using a credit or debit card. The amount of the deposit is displayed in the credit summary throughout the credit application and on the credit agreement itself.

What Is The APR?

The annual percentage rate (APR) is displayed clearly on the credit summary and throughout the credit application process. It is also shown clearly on the credit agreement itself.

Some examples of the APR include:

LOAN AMOUNT £1000.00
(24 MONTHS)
MONTHLY PAYMENT: £43.19
14.9% APR
DEPOSIT 10% = £100.00
COST OF CREDIT = £136.56
TOTAL AMOUNT PAYABLE = £1136.56


How Are My Monthly Payments Made?

Monthly repayments will be taken via direct debit from your bank account. Deko will inform you of the date that your repayments will commence. The first payment is typically due 30 days following the date of delivery of your order.

Which Products Can I Buy On Finance?

Any products listed on this website with a “Finance” payment option are eligible for finance.

What Is The Repayment Schedule?

You can arrange finance for 12, 18 or 24 months.

How Long Before I Have To Start Repayments?

Deko will write to you to confirm the date that your repayments will commence. The first payment is typically due 30 days following the date of delivery of your order.

How Much Does The Loan Cost?

The total cost of the loan is shown on the finance agreement.

Are There Any Other Charges?

If you fail to pay any amount you owe under the Credit Agreement by the date it is due, Deko may charge you interest on that amount, they may also levy additional fees – details of these can be found in the credit agreement.

Standard Information and Regulatory Status of Deko

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.

How Long Does It Take To Apply?

The online application takes a few minutes to complete and successful applications are processed straight away.

Finance Decision

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 hard 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.

Cancelation

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 Funbikes directly by calling us on 01664 498 640 or email [email protected]. 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.

FunBikes Christmas Club And Finance

If item is on Pre-Order you agree for the finance payments to start as per the Deko terms, even though the item will be delivered at a later date.

If you are ordering on the Christmas Club and paying by finance, you agree the same as above.

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