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Finance partners

V12 Finance

We have partnered with V12 Retail 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 V12 Retail Finance, you will be asked to eSign the credit agreement and once in receipt of your purchase, V12 Retail 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.

Eligibility criteria

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)

Product Information

Below are some examples to illustrate our range of finance options provided by V12 Retail Finance. Minimum spend amounts start from £555.56. 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.

Interest Free Finance

Our Interest Free finance scheme is what it says, Interest Free - no catch, no ties and no arrangement fees. You repay the loan amount through equal monthly payments spread over 12 months.

The minimum spend amount for this scheme is £1,111.11.

Representative Example - 12 Months
Cash Price (incl. VAT) £1,111.11
Deposit £111.11
Total amount of credit £1,000
Agreement duration 12 months
Annual rate of interest   0% P.A
Representative APR   0% APR
Interest/Total Charge for Credit   £0
Total Amount Repayable £1,111.11
By 12 Monthly Repayments of £83.33

The minimum spend amount for this scheme is £833.33.

10 Month Illustration
Cash Price (incl. VAT) £833.33
Deposit £83.33
Total amount of credit £750
Agreement duration 10 months
Annual rate of interest   0% P.A
Representative APR   0% APR
Interest/Total Charge for Credit   £0
Total Amount Repayable £833.33
By 10 Monthly Repayments of £75

The minimum spend amount for this scheme is £555.56.

6 Month Illustration
Cash Price (incl. VAT) £555.56
Deposit £55.56
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 £555.56
By 6 Monthly Repayments of £83.33

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.

Classic Credit 48 Months 12.9% APR

Our Classic Credit scheme is simply an interest bearing loan with interest charged at the given APR, there are no additional arrangement fees. You repay the loan amount and total interest spread equally over 48 months.

The minimum spend amount for this scheme is £555.56.

Representative Example - 48 Months
Cash Price (incl. VAT) £555.56
Deposit £55.56
Total amount of credit £500
Agreement duration 48 months
Annual rate of interest   12.9% P.A
Representative APR   12.9% APR
Interest/Total Charge for Credit   £134.08
Total Amount Repayable £689.64
By 48 Monthly Repayments of £13.21

The minimum spend amount for this scheme is £555.56.

36 Month Illustration
Cash Price (incl. VAT) £555.56
Deposit £55.56
Total amount of credit £500
Agreement duration 36 months
Annual rate of interest   12.9% P.A
Representative APR   12.9% APR
Interest/Total Charge for Credit   £99.40
Total Amount Repayable £654.96
By 36 Monthly Repayments of £16.65

The minimum spend amount for this scheme is £555.56.

24 Month Illustration
Cash Price (incl. VAT) £555.56
Deposit £55.56
Total amount of credit £500
Agreement duration 24 months
Annual rate of interest   12.9% P.A
Representative APR   12.9% APR
Interest/Total Charge for Credit   £65.92
Total Amount Repayable £621.48
By 24 Monthly Repayments of £23.58

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.


The lender

Marks Electrical acts as a credit broker and offers credit products from Secure Trust Bank PLC trading as V12 Retail Finance. We may receive a commission if your application is successful, and the amount may vary depending on the product chosen and the amount of credit taken out. Secure Trust Bank is registered in England and Wales 541132. Registered office: One Arleston Way, Solihull, B90 4LH. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Registration number: 204550.

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.

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.

PayPal Credit

No card. No hassle. Just credit with plenty of benefits.

What is PayPal Credit?

PayPal Credit is like a credit card, without the plastic. It's a credit limit that's attached to your PayPal account which you can use for your online purchases.

Marks Electrical acts as a credit broker and is not a lender. PayPal Credit acts as the lender and is a trading name of PayPal (Europe) S.à.r.l et Cie, S.C.A. 22-24 Boulevard Royal L-2449, Luxembourg.

What credit options are there?

A 0% interest offer you can use again and again, get 0% for 4 months whenever you spend over £99*.

Or, you can spread the cost of purchases with one of the following instalment offers:

  • 12 months at 16.9% APR - available for minimum order value of £99
  • 18 months at 16.9% APR - available for minimum order value of £199
  • 36 months at 16.9% APR - available for minimum order value of £499

*The minimum payment due still applies to 0% offer balances. Any remaining balance due after the 4-month promotional period or any transactions under £99 will be charged interest at 21.9% p.a. (variable). In order to maintain the 0% offer, you need to keep up monthly repayments and stay within your credit limit.

Am I eligible to apply for PayPal Credit?

Before you apply, please make sure you:

  • Are a UK resident aged 18 years or older
  • Have a good credit history
  • Have not recently been declared bankrupt
  • Be employed and have an income greater than £7,500 per year

How do I pay with PayPal Credit?

Select PayPal Credit at the checkout to apply.

The application form takes minutes to complete. PayPal will then run a credit check and, if approved, you'll have a credit limit linked to your PayPal account as soon as you accept your Credit Agreement.

You can use the credit limit granted to pay for today's purchase and future purchases at thousands of online stores where PayPal is accepted, up to your credit limit

What happens if I cancel or return my order?

As soon as your cancellation/return has been accepted by us, the money will be refunded to your PayPal Credit account.

Representative Example

This example illustrates the typical cost of using PayPal Credit as a standard funding method.

  • Representative - 21.9% APR (variable)
  • Purchase interest rate - 21.9% p.a. (variable)
  • Assumed Credit Limit - £1,200

If you take advantage of a PayPal promotion, including the 0% for 4 months offer, the interest rate that applies will be lower in many circumstances.


For more information, visit PayPal's FAQ page

Clearpay - How it works

How Zip Works

Shop for what you love

Select Zip as your payment method at checkout.

Instant approval

No long forms, hard credit check or impact on your credit score.

Enjoy your purchase!

Pay the first instalment at checkout, and the rest over 6 weeks - interest free.

Eligibility

To pay with Zip you need to:

Be over 18 and live in the UK

Have a UK debit card

Have a good credit history and show responsible lending behaviour

Frequently Asked Questions

What is Zip?

Zip allows you to split the cost of your purchase across 4 interest free instalments. The first is paid at checkout, the rest are made over 6 weeks - interest free.

Are there any fees to use Zip?

With Zip, you're not locked into a contract, there's no interest and as long as you pay your instalments on time, no fees. Should you miss an instalment, you'll be charged a late fee of £6, capped at £18 per order. See here for more information.

How do I manage my Zip account?

The easiest way to manage your orders, repayments and refunds is in the Zip app, available to download for iOS or Android or in your customer account.

How do repayments work?

Your first instalment - 25% of the purchase price - is paid at the checkout. The remaining three instalments will be taken automatically from your debit card every two weeks. Zip always reminds customers via text and email before an instalment is due.

How do returns and refunds work?

Once you've returned an item to the retailer, Zip refunds the amount you've paid to date and cancels any future payments. For partial refunds, scheduled instalments are reduced/cancelled first, and any paid instalments are refunded.

Customer Service

If you have any other questions, or want to get in touch with us click here.

Please see here for our Terms and conditions and Privacy Policy.

Please Note

If you don't have sufficient funds available when your payment is due, late fees will apply. See here for more details.

Zip is not available on purchases of gift cards. If you are purchasing gift cards along with Zip eligible products, please make sure you place two separate orders.

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