Finance

 

We are able to offer three types of finance arrangement through our partner, Barclays Partner Finance:

Frequently Asked Questions 

 

Finance Options 

  • Buy Now Pay Later 36 month loan with a six month deferral period19.9% APR (representative)
  • Fixed Interest Term loan with a choice of repayment plans over 12, 24 or 36 months 14.9% APR (representative)
  • Interest Free Credit On selected products we are able to offer Interest Free Credit 0% APR (representative)

Credit is available to UK residents aged 18 or over and is subject to application and status. Written details are available up on request. Finance is provided by Clydesdale Financial Services Ltd (trading as Barclays Partner Finance) ("the Lender"), a wholly owned subsidiary of Barclays Bank PLC. 

See terms and conditions for further details.

If you have any further queries, please contact our Customer Service Team.

 

Buy Now Pay Later - 19.9% APR (representative)

The Buy Now Pay Later option comprises a 36 month loan following a six month deferral period.

No deposit is required on this loan although an optional deposit payment of not less than 10% of the total amount may be made if you choose.

No repayments are scheduled in the initial six month deferral period. Barclays Partner Finance will send an account confirmation letter approximately four weeks after delivery of the goods, confirming that the account has been activated and, from this point, it is possible to make prepayments against the loan.

During the six month deferral period, it is possible to pay off the loan, either by way of a lump sum or in smaller amounts. If the loan is fully repaid within the six month deferral period, then no interest is payable, however a £29 early settlement fee is payable in respect of repayments within this six month period. Such repayments may be made to Barclays Partner Finance by cheque, debit card or standing order. Unfortunately it is not possible to set up a direct debit within the deferral period. Further information on how to make such repayments will be set out in the loan agreement pack provided by Barclays Partner Finance.

Following the six month deferral period, Barclays Partner Finance will initiate a monthly direct debit payment for the remaining duration of the loan. Interest will be charged at a rate of 19.9% APR on outstanding balances (backdated to the first date of the loan). Late payment penalties and early repayment charges will apply from this point. Barclays Partner Finance will send a reminder letter approximately one month before the six month deferral period is due to elapse.

Representative example
 
 
Balance settled in full within the six month deferral period
Balance NOT settled in full within the six month deferral period
Cash price
£300
£300
Deposit
£0
£0
Loan amount
£300
£300
Settlement fee
£29
£0
Settlement payment
£329
-
Monthly instalments
-
35 x £11.74
Total amount payable
£329
£422.79

Warehouse Express Ltd acts as a credit broker and not the lender. Credit is available to UK residents aged 18 or over and is subject to application and status.

NB: If you choose to spread the cost and pay monthly, interest is charged from the start of the loan, not from the start of the repayment period.

 

Fixed Interest Finance - 14.9% APR (representative)

This option comprises term loan with a choice of repayment plans over:

  • 12 months
  • 24 months
  • 36 months

No deposit is required. However you can pay an optional deposit of not less than 10% of the total amount if you choose.

The balance of the finance agreement is payable directly to Barclays Partner Finance in equal monthly instalments by monthly direct debit. The direct debit payments will commence at the end of the first month following receipt of your goods. The interest rate charged is 14.9% APR. Late payment and early repayment penalties apply; full details of these will be provided in the loan agreement pack.

Representative example
 
12 months
24 months
36 months
Cash price
£300
£300
£300
Deposit
£0
£0
£0
Loan amount
£300
£300
£300
Monthly instalments
11 x £26.93
23 x £14.40
35 x £10.25
Final instalment
£26.95
£14.39
£10.21
Total amount payable
£323.18
£345.59
£368.96

Warehouse Express Ltd acts as a credit broker and not the lender. Credit is available to UK residents aged 18 or over and is subject to application and status.

NB: If you choose to spread the cost and pay monthly, interest is charged from the start of the loan, not from the start of the repayment period.

 

Interest Free Credit - 0% APR (representative)

From time to time we are able to offer interest free credit on various products. Where interest free credit is available, this will be flagged against the relevant product on the web site.

Where available, interest free credit will be offered for a period of 12 or 24 months (depending on the product). No deposit is required and payments will be collected by direct debit in monthly instalments, the first instalment being collected 30 days after shipment of the product.

Where a qualifying product is added to your basket, the full value of your basket, including any accessories purchases, will be eligible for interest free credit. This is subject to the value of the additional products not exceeding the value of the qualifying product.

Representative example
 
12 months
24 months
Cash price
£1,000
£2,400
Deposit
£0
£0
Loan amount
£1,000
£2,400
Monthly instalments
11 x £83.33
23 x £100
Final instalment
£83.37
£100
Total amount payable
£1,000
£2,400

Warehouse Express Ltd acts as a credit broker and not the lender. Credit is available to UK residents aged 18 or over and is subject to application and status.

Finance FAQs

Which products are eligible for purchase under finance agreements?

Any product may be bought using one of our finance options, providing the total order value is at least £250 (£300 for showroom orders) and does not exceed £50,000.

How do I set up a Finance application and how long will it take?

Where available, the option to apply for finance will be shown as a payment option during the checkout process. Applications can also be made over the telephone or in person in our showroom. Our financing partner will endeavour to give an immediate decision on applications made online but, in some circumstances, such applications may be referred for further review prior to a decision being made.

If you choose to apply for finance online, the delivery date selected earlier in the checkout process may not apply. Your delivery date may be later due to the time required to process your financing application. In these circumstances, we will contact you to confirm the expected delivery date of your order.

Where can finance orders be delivered to?

Finance orders can be only be delivered to your billing address.

What information will I need to provide when applying for finance?

In order to complete your finance application, you will need to provide some personal information. Please ensure you have the following information to hand:

  1. Your full name (including your middle name if applicable)
  2. Your date of birth - applicant must be 18 years or over on application date.
  3. Your nationality
  4. At least 3 consecutive years worth of address history within the UK
  5. Contact Telephone Numbers (Home, Work and/or Mobile telephone)
  6. Number of children under the age of 18 years old, still living at home
  7. Bank Details
  8. Existing rental commitments (if applicable)
  9. Gross Annual income
  10. Employment Details  you should fall into one of the following categories, if you are not employed, or haven’t lived in the UK for three consecutive years unfortunately you will not qualify for a finance agreement. If you do fall into one of the following categories you will need to provide the relevant information as outlined below: 
    1. If you are employed (you must be working at least 16 hours a week) the following details are required:
      • Employers name
      • Employers address
      • Employers contact telephone number
      • Length of time you have been employed in this organisation
    2. If you are self-employed please provide:
      • Your company name
      • Your registered company address
      • A business telephone number
      • Length of time you have been self-employed
      • A ‘proof of self-employment’ is also required: This can be your tax reference number (UTR) OR VAT registration number. (A CIS number is also acceptable)
    3. If you are retired, details of your last employment are required:
      • Company name
      • Town/city you worked in
      • How long you were employed by the company before you retired.
      • Some pension details are also required
      • If you are in receipt of disability benefits or income support please provide details of your allowance/support.
      • If you are a house-person and you live with a partner who is (self) employed you may still be eligible for finance. You will need to have the following information to hand: details of your partner’s employment including, job title, name of employer, employers address, employers contact telephone number; and length of employment.

My application was approved but my order has not been dispatched?

Once your application is approved, you should receive two emails from Barclays Partner Finance. One with a link (in order to e-sign the application) and the other which contains a unique password. Once you complete the e-sign, your application then moves to Barclays security team who carry out the final checks. Once Barclays approve the agreement, they will notify us that we can dispatch the goods. During busy periods this can take a couple of days. Wex will dispatch the goods as soon as we receive the notification from Barclays but are unable to dispatch goods before.

How will my repayments be collected?

Your first installment will be collected by Direct Debit 30 days after shipment of the product. Further information on how to make such repayments will be set out in the loan agreement pack provided by Barclays Partner Finance. Note: in some cases the final monthly payment may differ slightly to the proceeding months.

If you have any further queries, please contact our Customer Service Team.

Can I pay a deposit?

If you apply for finance online, you will be unable to pay a deposit. You can however use a part-exchange credit as part payment and spread the balance over a finance option (providing the balance is greater than £250).

We can accept a deposit it you chose to apply for finance in our Norwich store or over the phone.