Barclays Partner Finance
We have partnered with Barclays Partner Finance to bring you a range of payment options if you prefer to spread the cost of your purchase.
We offer our customers the ability to apply for finance facilities to fund a purchase from us. If you are accepted by Barclays Partner Finance, you will be asked to eSign the credit agreement and once in receipt of your purchase, Barclays Partner Finance will make your agreement live and your monthly repayments will commence for the agreed term.
In short, retail finance gives you the flexibility to spread the cost of your purchase over a repayment period that suits your budget.
Please note, you can only arrange the delivery of your order pending the approval of your finance application. Please make sure you are happy with the products you are ordering before submitting your finance application; we are unable to change your order once your finance application has been approved. The approval of your application depends on your financial circumstances and borrowing history.
To apply for finance you must:
- be at least 18 years of age
- have been a UK resident for three years or more
- be in full time work (16 hours or more a week), retired, or in receipt of disability allowance
- earn at least £6,000 a year
- have a mobile phone number
- have an email address
- have a UK bank account from which Direct Debits can be taken
- have no outstanding County Court Judgements (CCJs)
BARCLAYS ELIGIBILITY CHECKER
You can use the Barclays Eligibility Checker to find out if you are likely to be accepted for a loan through Barclays Partner Finance without affecting your credit score. Credit is subject to application, financial circumstances and borrowing history.Go to the Barclays Eligibility Checker
The Eligibility Checker will indicate if you are likely to be approved for finance based on a soft search and your circumstances at the time of submitting. Please note, there are some minimum eligibility criteria (see above) if you later decide to apply for finance.
Below are some examples to illustrate our range of finance options provided by Barclays Partner Finance. Minimum loan amounts start from £500. Credit is subject to application, financial circumstances and borrowing history. You must agree to the lender's Terms and Conditions and electronically sign the Credit Agreement document before we can release the goods to you.
Fixed monthly repayments with the benefit of no interest being charged
The minimum loan amount for this scheme is £500.
Representative Example - 6 Months Cash Price (incl. VAT) £500 Deposit £0 Total amount of credit £500 Agreement duration 6 months Annual rate of interest 0% P.A Representative APR 0% APR Interest/Total Charge for Credit £0 Total Amount Repayable £500 By 6 Monthly Repayments of £83.33
The minimum loan amount for this scheme is £1,000.
10 Month Illustration Cash Price (incl. VAT) £1,000 Deposit £0 Total amount of credit £1,000 Agreement duration 10 months Annual rate of interest 0% P.A Representative APR 0% APR Interest/Total Charge for Credit £0 Total Amount Repayable £1,000 By 10 Monthly Repayments of £100
The minimum loan amount for this scheme is £1,500.
18 Month Illustration Cash Price (incl. VAT) £1,500 Deposit £0 Total amount of credit £1,500 Agreement duration 18 months Annual rate of interest 0% P.A Representative APR 0% APR Interest/Total Charge for Credit £0 Total Amount Repayable £1,500 By 18 Monthly Repayments of £83.33
For finance orders made online or via mail order 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. You can only arrange the delivery of your order pending the approval of your finance application.
DECLINED CREDIT APPLICATIONS
You will be informed if your application has been declined. The lender is unable to share the reason for decline with us. Some reasons your application might be refused include:
- you do not meet the eligibility criteria (see above);
- adverse credit reference agency information;
- your credit score;
- you are considered to be overcommitted; or
- your existing account performance with other lenders.
The lender will give you the contact details for the credit reference agency used. They will also give you information on how to appeal the decision if you wish to discuss the matter. Please note that the lender is unable to discuss this over the telephone due to Data Protection rules. You should also note that each lender applies its own credit score to applicants so if you have recently been accepted for credit elsewhere this does not necessarily mean that appealing the decision on this basis alone will result in a change of decision.
Marks Electrical acts as a credit broker and offers credit products from Barclays Partner Finance. Barclays Partner Finance acts as the lender. Barclays Partner Finance is a trading name of Clydesdale Financial Services Limited, a member of the Barclays Group. Clydesdale Financial Services Limited is authorised and regulated by the Financial Conduct Authority (Financial Services Register number: 311753). Registered in England. Registered No: 2901725. Registered Office: 1 Churchill Place, London E14 5HP.
Marks Electrical is registered in England and Wales 04463433. Registered office: 4 Boston Rd, Leicester, LE4 1AU. Marks Electrical is authorised and regulated by the Financial Conduct Authority. Our registration number is 705899.