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

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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 Close Brothers Retail Finance to offer you convenient and great value payment plan options.

Funbikes Ltd act as credit intermediaries and offer credit products provided by Close Brothers Limited trading as Close Brothers Retail Finance.

Close Brothers Retail Finance

Close Brothers Retail Finance is a trading style of Close Brothers Limited — a subsidiary of Close Brothers Group PLC. Close Brothers Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority.

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 £300 (For example, total purchase price of £400 with 25% deposit). The maximum loan amount is £25,000.

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 £500.00 LOAN AMOUNT £750.00 LOAN AMOUNT £1000.00
OPTION 1 (12 MONTHS) OPTION 2 (18 MONTHS) OPTION 3 (24 MONTHS)
MONTHLY PAYMENT: £40.39 MONTHLY PAYMENT: £41.78 MONTHLY PAYMENT: £43.19
14.9% APR 14.9% APR 14.9% APR
DEPOSIT 10% = £50.00 DEPOSIT 10% = £75.00 DEPOSIT 10% = £100.00
COST OF CREDIT = £34.68 COST OF CREDIT = £77.04 COST OF CREDIT = £136.56
TOTAL AMOUNT PAYABLE = £534.68 TOTAL AMOUNT PAYABLE = £827.04 TOTAL AMOUNT PAYABLE = £1136.56


How Are My Monthly Payments Made?

Monthly repayments will be taken via direct debit from your bank account. Close Brothers Retail Finance 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?

Close Brothers Retail Finance 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.

Can I Pay Off The Loan Early?

Yes, you have the right to repay all or part of the credit early at any time – you should contact Close Brothers Retail Finance for details by phone (0844 880 6542), e-mail or letter at the following address:

Close Brothers Retail Finance
Dee House
St Davids Park
Flintshire
CH5 3XF

Please note that interest rates will be adjusted accordingly.

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, Close Brothers Retail Finance 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 Pay4Later and Close Brothers Retail Finance

Consumer Credit Service is provided by Close Brothers Retail Finance. Close Brothers Retail Finance is licensed by Financial Conduct Authority (Consumer Credit Licence: 0616240).

Close Brothers Retail Finance is a trading style of Close Brothers Limited – a subsidiary of Close Brothers Group plc. Close Brothers Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority. For more information please visit www.closebrothersretailfinance.co.uk.

How Do I Ask A Question About The Credit Agreement?

If you have a question, require further information or if there is anything you do not understand regarding the credit agreement, please call Close Brothers Retail Finance on 0844 880 6542.

How Long Does It Take To Apply?

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

What Are The Requirements For finance?

You must be over 18 years old and a permanent UK resident with 3 years address history. You must have a UK bank account capable of accepting direct debits.

The goods must be delivered to your home address and the deposit must be paid using a credit or debit card.

Can I Cancel The Credit Agreement?

You have the right under section 66A of the Consumer Credit Act 1974 to withdraw from the agreement without giving any reason before the end of 14 days (beginning with the day after the day on which the agreement is made or, if later, the date on which we will tell you that we have signed the agreement). If you wish to withdraw you must give the Close Brothers Retail Finance notice in writing or by telephone or email. Please note that if you do give notice of withdrawal, you must repay the full amount of the credit without delay and in any event by no later than 30 days after giving notice of withdrawal. If you want to settle the loan after the 14 day cooling off period, you may do so but you will also have to pay interest accrued from the date the agreement was made until the date you repay it. If you wish to pay by debit card please telephone the finance company. If you wish to pay by cheque please post it to Close Brothers Retail Finance. Please allow 10 working days from the day you post the cheque to allow time to process the payment.

Close Brothers Retail Finance
Dee House
St Davids Park
Flintshire
CH5 3XF

Telephone: 0333 321 6080
Email: [email protected]

FunBikes Christmas Club And Finance

If item is on Pre-Order you agree for the finance payments to start as per the Close Brothers 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.

DivideBuy

Spread the Cost of your purchases Interest-Free

Reasons to use DivideBuy:


No hidden fees and 0% interest APR
Spreading the cost of your order will not cost you a penny more than paying for it upfront.

96% approval rate
Our unique lending model allows us to offer Interest-Free Credit to more people.

Quick application
Complete the 60 second application and receive an instant decision.

No paperwork required
All documents are in digital format and signed using e-signature.


DivideBuy is an Interest-Free Credit provider. In partnership with our retailer, we bring you 0% APR credit for selected products online, in-store or over the phone. You can Spread the Cost on one or multiple qualifying items online by simply clicking the DivideBuy button.

You can choose instalment options from 3 to 12 months depending on the value of your purchase and the retailer. Your application will take just 60 seconds to complete and we will provide an immediate decision allowing you to complete your purchase. Once approved, you electronically sign your agreement and the retailer will process your order.


With your DivideBuy account you get access to these great features:

  • Exclusive offers from our Retail Partners
  • Quick checkout with hundreds of Retail Partners
  • View your credit agreement
  • View your instalment amounts and dates
  • Review your payment history


To access your account or to find out more about DivideBuy, visit dividebuy.co.uk.

Alternatively, call our Customer Service Team who are available on 0800 085 0885.

FAQ's

What are the requirements for credit?

  • Be aged between 18 and 75
  • Be a permanent UK resident and have lived at your address for longer than one year
  • Have a debit or credit card
  • Have a valid UK telephone number

Will a credit check be performed?

Yes. DivideBuy uses a third-party credit reference agency to perform a credit check. This is used in combination with your entered details and our own unique algorithm to assess affordability.

Will I have to pay a deposit?

Your first instalment is payable on completion of your order. In some instances, you may be required to pay a deposit based on a combination of your credit score, size of order and number of instalments selected.

How many instalments can I Spread the Cost over?

Depending on the total value of your order and the Retail Partner, you may be able to Spread the Cost up to 12 monthly instalments.

What happens if I want to end my agreement early?

DivideBuy offers the option to repay the remaining balance on your account at any point with no additional charges or fees to pay. You can do this by logging into your DivideBuy account on our website or by calling the Customer Service Team on 0800 085 0885.

Are there any other charges or fees?

There is 0% APR interest and no setup charges, cancellation or hidden fees. DivideBuy reserve the right to add late payment fees to your account in the event of you missing payments. This is all explained in your credit agreement before you complete the checkout proces

Instalment Plans are provided by DivideBuy (DivideBuy is a trading name of Rematch Credit Limited, company number 08097204. Credit subject to status and age. Terms & conditions apply. Dependent on your credit score, you may be asked to pay a deposit or assign a guarantor. Rematch Credit is authorised by the Financial Conduct Authority, registered number 626266.)



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