Snap's Finance Page

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Thinking of choosing finance?

Finance is a great way to spread the cost of your purchase. To make it easy we’ve teamed up with Deko whose technology lets you apply for and complete a loan application quickly, easily and informative.

Deko is a credit broker, not a lender. Deko’s secure technology helps put you in touch with lenders whose finance options are best suited for you and your purchase.

Simply add the items you love to your basket. Once you are at the checkout select the finance option that suits you and choose Deko. The quick application form is simple and should take no more than a couple of minutes to complete and you will receive a decision instantly. Easy!

Check your eligibility

You will only be considered for finance if you:

• Are at least 18 years old
• Have a regular income of £200 per week
• 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
• A valid debit or credit card in order to pay the deposit amount
• Have a credit history with no recent defaults or late payments
• Have no active debt relief orders, County Court Judgments(CCJs), Individual Voluntary Arrangement(IVAs) or bankruptcies
• Provide an email address so your documentation can be emailed to you

Our payment plan options

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Note - If you are looking to copy the content below you may need to amend the months and deposit value based on your finance offerings

Spread the cost of your purchase over 24 to 36 months. The value of the loan can vary per the length of term as below:

Term

£ Min Loan Amount

£ Max Loan Amount

Deposit (min 1%)

24 and 36 Months

£250

£5000

Up to 50%

Interest is charged from the day your loan starts on the principal outstanding at the rate set out in your credit agreement.

Finance calculator

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Note - If you don’t have an integrated finance calculator on your website today, get in touch with your account manager or our support team on 0800 021 7150 to discuss calculator options – You should also include a representative APR example of the finance options you provide in a table as shown below.

Use our finance calculator to check the impact of various loan values, terms and interest rates on the total amount you need to pay and the monthly repayments.

Representative example:

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Note - Please display Representative examples that relate to the finance that you are offering.

19.9% finance over 24 months

● Total order value = £1,200
● 10% deposit = £120
● Total amount of credit = £1,080
● Duration = 24 months
● 24 monthly payments of = £53.72
● Interest rate(fixed) = 19.9%
● Interest charged = £209.28
● Total amount payable = £1409.28
● Cost of Credit = £209.28
● Representative 19.9% APR

29.9% finance over 24 months

● Total order value = £1,200
● 10% deposit = £120
● Total amount of credit = £1,080
● Duration = 24 months
● 24 monthly payments of = £57.88
● Interest rate(fixed) = 29.9%
● Interest charged = £309.12
● Total amount payable = £1509.12
● Cost of Credit = £309.12
● Representative 29.9% APR

39.9% finance over 24 months

● Total order value = £1,200
● 10% deposit = £120
● Total amount of credit = £1,080
● Duration = 24 months
● 24 monthly payments of = £61.99
● Interest rate(fixed) = 39.9%
● Interest charged = £407.76
● Total amount payable = £ 1607.76
● Cost of Credit = £407.76
● Representative 39.9% APR

49.9% finance over 24 months

● Total order value = £1,200
● 10% deposit = £120
● Total amount of credit = £1,080
● Duration = 24 months
● 24 monthly payments of = £65.74
● Interest rate(fixed) = 49.9%
● Interest charged = £497.76
● Total amount payable = £1697.76
● Cost of Credit = £497.76
● Representative 49.9 % APR

The interest rate, term and amount that the lender offers you will depend on their assessment of your application.

Interest is charged from the day your loan starts.

Paying with finance

Simply add the purchases to your basket and select Deko at checkout. You’ll then be taken to the application form, which takes just a few minutes to complete.

Take a look at our products available with finance and shop now

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Note - Update with a link to your own product pages

Use of your personal data

In order to process your application, you will be asked to provide information about your personal, employment and financial situation. Deko will need to share your personal data with Snap Finance Ltd - the lender, so that they can make a decision about whether to offer you finance. Snap Finance will perform a search with one or more Credit Reference Agencies to conduct their creditworthiness and affordability assessment to help them make their decision.

You can find out more about how Deko, and Snap Finance Limited use and protect your personal data in their Privacy Policies:

Deko Privacy Policy

Your lender will provide you a copy of their Privacy Policy with your loan documents.
Deko’s registered office address is: 100 Liverpool Street, London, EC2M 2AT

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 credit check is made which is recorded on your credit file.

The loan amount, loan term and interest rate the lender is willing to offer you will be decided based on these checks and the lender’s decisioning policies.
Once approved, Deko will provide you with full details about your lender, including how to contact them. 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 your 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.

Repaying the loan

Your first Direct Debit payment will be taken about a month after you receive your purchase. This will show on your statement as a payment to your lender. You have the right to repay all or part of the loan early at any time.

Cancellation

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 us (your retailer) directly. 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 if you have any balance to repay.

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Note - You might want to link to your own refund and returns policy

For any other questions contact us by telephone or email.

Legal Information

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Choose only one section relevant to your regulatory status and finance offering

V1 - Exclusive introductions to Snap via Deko Monthly

[Merchant legal name, t/a Trading name] is a credit broker, not a lender and is authorised and regulated by the Financial Conduct Authority (FRN [Merchant FCA ID]). We do not charge you for credit broking services. We will introduce you exclusively to finance products provided by [Lender].

The Deko platform is provided by Pay4Later Ltd, t/a Deko which acts as a credit broker, not a lender and does not charge you for credit broking services. Pay4Later Limited is registered in England and Wales (company number 06447333) and is 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.

V2 - Multiple lenders (Deko lender + non-Deko)

[Merchant legal name, t/a Trading name] is a credit broker, not a lender and is authorised and regulated by the Financial Conduct Authority (FRN [Merchant FCA ID]). We do not charge you for credit broking services. We will introduce you to Finance available from a number of our partner lenders.
The Deko platform is provided by Pay4Later Ltd, t/a Deko which acts as a credit broker, not a lender and does not charge you for credit broking services. Pay4Later Limited is registered in England and Wales (company number 06447333) and is 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.

Website footer information

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Note - Please insert to the footer of your website a reference to your Company Registration Number and FCA details.

This is required on the footer of your website in order to remain compliant.

{Retailer legal name} is authorised and regulated by the Financial Conduct Authority, register number XXXXX and act as a credit broker and not a lender. Finance is provided through the Deko platform by Snap Finance Ltd. Snap Finance Ltd is authorised and regulated by the Financial Conduct Authority (register number 741813).


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