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. Once 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. Your delivery must be made to the address on the finance application which must be the billing address on the order. The approval of your application depends on your financial circumstances and borrowing history.

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.

Finance Calculator

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PRODUCT INFORMATION

Below are some examples to illustrate our range of finance options. Minimum loan amounts start from £250.

  • Buy now, pay later loan

    Includes a 6 month payment-free period providing you with greater flexibility in how to pay for your purchase

    If you repay the loan in full on or before the date of your first repayment, you will not be charged interest. If you repay part of the loan on or before the date of the first repayment, you will not be charged interest on the part of the loan you repay. When your payment is received, your loan balance will be reduced by the sum of your repayment plus the interest rebate.
    If you make a full or partial settlement payment after the date of the first repayment you will not be entitled to a refund of any interest incurred prior to the date the payment is received. You may be entitled to an interest rebate, which will be calculated in accordance with the Consumer Credit (Early Settlement) Regulations 2004.

    The minimum loan amount for this scheme is £250.

    Representative Example - 36 Months
    Cash Price (incl. VAT) £250
    Deposit £0
    Total amount of credit £250
    Agreement duration 42 months
    Deferment Period 6 months
    Annual rate of interest   14.9% P.A
    Representative APR   14.9% APR
    Interest/Total Charge for Credit   £61.40
    Total Amount Repayable £311.40
    By 36 Monthly Repayments of £8.65
  • 24 Month Illustration
    Cash Price (incl. VAT) £250
    Deposit £0
    Total amount of credit £250
    Agreement duration 30 months
    Deferment Period 6 months
    Annual rate of interest   14.9% P.A
    Representative APR   14.9% APR
    Interest/Total Charge for Credit   £40.64
    Total Amount Repayable £290.64
    By 24 Monthly Repayments of £12.11
  • Interest-free loan

    Fixed monthly repayments with the benefit of no interest being charged

    The minimum loan amount for this scheme is £250.

    Representative Example - 10 Months
    Cash Price (incl. VAT) £250
    Deposit £0
    Total amount of credit £250
    Agreement duration 10 months
    Annual rate of interest   0% P.A
    Representative APR   0% APR
    Interest/Total Charge for Credit   £0
    Total Amount Repayable £250
    By 10 Monthly Repayments of £25
  • 6 Month Illustration
    Cash Price (incl. VAT) £250
    Deposit £0
    Total amount of credit £250
    Agreement duration 6 months
    Annual rate of interest   0% P.A
    Representative APR   0% APR
    Interest/Total Charge for Credit   £0
    Total Amount Repayable £250
    By 6 Monthly Repayments of £41.66
  • 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
  • Interest-bearing loan

    A loan that allows you to spread the cost of your purchase

    The minimum loan amount for this scheme is £250.

    Representative Example - 36 Months
    Cash Price (incl. VAT) £250
    Deposit £0
    Total amount of credit £250
    Agreement duration 36 months
    Annual rate of interest   14.9% P.A
    Representative APR   14.9% APR
    Interest/Total Charge for Credit   £61.40
    Total Amount Repayable £311.40
    By 36 Monthly Repayments of £8.65
  • 24 Month Illustration
    Cash Price (incl. VAT) £250
    Deposit £0
    Total amount of credit £250
    Agreement duration 24 months
    Annual rate of interest   14.9% P.A
    Representative APR   14.9% APR
    Interest/Total Charge for Credit   £40.64
    Total Amount Repayable £290.64
    By 24 Monthly Repayments of £12.11
  • 12 Month Illustration
    Cash Price (incl. VAT) £250
    Deposit £0
    Total amount of credit £250
    Agreement duration 12 months
    Annual rate of interest   14.9% P.A
    Representative APR   14.9% APR
    Interest/Total Charge for Credit   £20.60
    Total Amount Repayable £270.60
    By 12 Monthly Repayments of £22.55

*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.

ELIGIBILITY CRITERIA

To apply for finance you must:

  • be at least 18 years of age
  • be a UK resident
  • be able to make repayments by direct debit

DELIVERY

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.

THE LENDER

Marks Electrical acts as a credit broker and only 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 wholly owned subsidiary of Barclays Bank PLC. 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.