Interest Free Credit

At Beaverbrooks we can give you the option of spreading the cost of your purchase over a period that suits. With payment terms from 6 months to 4 years, interest free credit makes those bigger purchases much more affordable. We're also pleased to be able to offer flexible deposits from as little as 10%, so you can choose to make an upfront payment that you're comfortable with and then pay the rest over time.

Your Finance Options

Items over £350 are available over 6, 9 or 12 months, items over £750 have additional terms of 18, 24 or 36. Items over £1,000 have an additional term of 48 months.

Beaverbrooks the Jewellers act as a credit broker are authorised and regulated by the Financial Conduct Authority. Interest Free Credit is provided by Hitachi Capital consumer finance.

Click here for full terms and conditions

Payment Term	Minimum Spend	Minimum Deposit	Minimum Loan Value
6 Months	£350	10%	£315
9 Months	£350	10%	£315
12 Months	£350	10%	£315
18 Months	£750	10%	£675
24 Months	£750	10%	£675
36 Months	£750	10%	£675
48 Months	£1,000	10%	£900

Exceptions

Interest free credit is available for a maximum of 24 months on sale items over £750.
TAG Heuer Connected watches are only available on 12 months interest free credit.
The Michael Kors Access range is only available on 12 months interest free credit and on orders over £350, with a minimum deposit of 30%. This payment option is only available through our Customer Services Team, so please call us free on 0800 169 2329 to make your purchase.
Pre Owned Watches are only available on 12 months interest free credit with a deposit of 30%.

Representative examples based on:

12 months interest free credit

Purchase amount	£350
10% Deposit (to be paid now)	£35
Amount of credit	£315
12 Monthly Payments of	£26.25
Interest rate (fixed)	0%
0% APR Representative	£0
Total Amount Payable	£350

36 months interest free credit

Purchase amount	£750
10% Deposit (to be paid now)	£75
Amount of credit	£675
12 Monthly Payments of	£18.75
Interest rate (fixed)	0%
0% APR Representative	£0
Total Amount Payable	£750

48 months interest free credit

Purchase amount	£1,000
10% Deposit (to be paid now)	£100
Amount of credit	£900
48 Monthly Payments of	£18.75
Interest rate (fixed)	0%
0% APR Representative	£0
Total Amount Payable	£1,000

Completing an interest free credit application

Completing an application for Interest Free Credit is easy with our simple, secure checkout process.

Any order over £350 qualifies for interest free credit over 6, 9 or 12 months, any orders over £750 have additional terms of 18, 24,or 36 months, any order over £1,000 have an additional term of 48 months.

1. Use the finance calculator

First, use the Finance Calculator on the product page to help you work out which repayment term suits. You can choose to pay a fixed deposit percentage such as 10%, 20%, 30% etc. Or you can enter an amount of your choice and click ‘update’). You’ll then be shown loan terms that are available with your chosen deposit. (Please note: minimum loan amounts apply so the deposits available will vary. Minimum deposit is always 10%).

2. Add to your bag

Add your chosen item(s) to your bag and click the ‘MY BAG’ icon in the top-rightbottom-left corner to go to your Shopping Bag.

3. Proceed to checkout

Once you are happy, click the 'PROCEED TO SECURE CHECKOUT' button at the bottom of the screen.

4. Enter Your Details

You will then be taken through to the checkout where you’ll need to enter some details about yourself. For returning customers, you can login at the top of the page with your email address and password. New customers will need to provide an email address. New customers will be able to create an account once further into the checkout process (this gives you the advantage of being able to login and check the status of your order).

5. Delivery Options

Providing your Delivery Method is the next requirement. As you wish to pay by Finance, your order must either be delivered to your billing address or to one of our Beaverbrooks stores. Finance applications with a different billing and delivery address will not be accepted. If you’re a returning customer your previous addresses will be available for you to select from your address book.

Delivery address must be the same as billing address

6. Setting your finance terms

Review your order and once you are happy then proceed through to 'Payment'. Select 'Pay With 0% Finance' and you will be asked to choose the deposit and repayment term using the finance calculator. Click the the deposit percentage you wish to pay or enter an amount manually. Your monthly repayments will then be calculated below.

Once you are happy, click 'CONTINUE AND PAY DEPOSIT'.

7. Making your payment

The 'Pay Deposit' section will now load in over the finance options where you will be required to enter your card details. This is for payment of your deposit which will be authorised at the time of application and then charged when your order is despatched.

8. Applying for Finance

Once you have entered your card details, click the 'PLACE ORDER' button. You will then be taken to our finance partner's website (Hitachi Capital Consumer Finance, Authorised and regulated by the Financial Conduct Authority) where you will need to complete your finance application.

Treating Customers Fairly

Terms & Conditions

At Beaverbrooks we can offer you the option of paying by Interest Free Credit and spreading the cost of your purchases over 6, 9, 12, 18, 24, 36 and 48 months.

Please note interest free credit is available for a maximum of 12 months on all Pre-Owned Watches with a deposit of 30%.

Our Michael Kors Access range is only available on 12 months IFC and on orders over £350, with a minimum deposit of 30%. This payment option is only available through our Customer Services Team, so please call us free on 0800 169 2329 to make your purchase.

Please also note TAG Connected watches are only available on 12 months IFC.

Interest free credit is available for a maximum of 24 months on sale items over £350.

The table below shows minimum spend and deposit amounts.

Example based on 12 months interest free credit

Purchase amount	£350
10% Deposit (to be paid now)	£35
Amount of credit	£315
12 Monthly Payments of	£26.25
Interest rate (fixed)	0%
0% APR Representative	£0
Total Amount Payable	£350

Example based on 36 months interest free credit

Purchase amount	£750
10% Deposit (to be paid now)	£75
Amount of credit	£675
12 Monthly Payments of	£18.75
Interest rate (fixed)	0%
0% APR Representative	£0
Total Amount Payable	£750

Example based on 48 months interest free credit

Purchase amount	£1,000
10% Deposit (to be paid now)	£100
Amount of credit	£900
48 Monthly Payments of	£18.75
Interest rate (fixed)	0%
0% APR Representative	£0
Total Amount Payable	£1,000

Payment Term	Minimum Spend	Minimum Deposit
6 Months	£350	10%
9 Months	£350	10%
12 Months	£350	10%
18 Months	£750	10%
24 Months	£750	10%
36 Months	£750	10%
48 Months	£1,000	10%

How to pay by Interest Free Credit online

When you are ready to place your order, select ‘Checkout’ from the Shopping Bag and enter your personal details on the following page.

Interest Free Credit orders must be sent to your billing address, so please ensure this is selected in the ‘Delivery Details’ section.
Choose ‘Finance (interest free credit, 0% APR)’ from the list of payment methods and you’ll be presented with the Finance Calculator.
Use the calculator to select the deposit amount and terms that suit. Once you’re happy, simply enter your debit or credit card details for the deposit payment and click the button to apply for finance.
You will then be transferred to our finance partner's website. Hitachi Capital (Hitachi Capital are authorised and regulated by the Financial Conduct Authority) is the company that arranges our finance agreements.
Complete the online finance agreement and then select ‘back to store; to return to the Beaverbrooks website.
If your agreement is approved you will be notified and prompted to complete the application by signing the agreement. If you’re eligible for e-signature you’ll be given the option to sign and complete electronically which negates the need to sign and return documents. If e-signature isn’t available, or you’d prefer to sign a hard copy, you’ll need to print off, sign and return the relevant paperwork to: Hitachi Capital Consumer Finance, 2 Apex View, Leeds, West Yorkshire, LS11 9BH. Without this your application will be incomplete and we will be unable to despatch your order.
If your order is declined and you have already paid a deposit towards your order, it may take up to 5 working days (dependant on your bank) before these funds become cleared again in your account. Please be assured that these funds will be automatically returned to you if they get taken out of your available balance.
As soon as we receive confirmation that your agreement has been finalised, we will process and despatch your order as quickly as possible.
When your order is on its way, we will email you with a tracking reference so that you can eagerly keep an eye on its progress.

Paying with Interest Free Credit in Store

Visit us at any one of our UK Beaverbrooks stores where you can request to pay by Interest Free Credit and get an instant decision.

To ensure we can process your credit application smoothly, please read the 3 points below about the qualifying criteria and the information you will need to bring along with you.

1) Application Criteria

In order to qualify for Interest Free Credit you must

Be 18 or older.
Be in either permanent paid employment (over 16 hours a week), retired and receiving a pension, a house person with a partner in permanent paid employment or be self employed.
Be a UK resident (minimum of 12 months).
Be able to provide acceptable proof of address and proof of signature.
Be able to make payments by direct debit.
Be purchasing the product for personal use and not business use.

2) Proof of address

Please bring at least 2 items from the list below

Driving Licence.
Bank statement (dated within the last 3 months).
Public utility bill/council tax bill (dated within the last 3 months).
Official document (Mortgage statement from a recognised lender or a tenancy agreement).
Benefit book or original notification from the relevant benefits agency.
HM Revenue & Customs Tax notification.

3) Proof of Signature

Proof of signature is required for all credit applications. Please provide one of the following as proof of signature:

Bank credit/debit card or cheque card.
Driving Licence.
Passport.
Police Warrant Card.
H.M. Forces Identity Card.

Paying with interest free credit over the telephone

Our friendly Customer Service team would love to help you out with your Interest Free Credit application. Give them a call free on 0800 169 2329 and they’ll be very happy to help you.

Declined Credit Applications

We guarantee that your application will have been given full consideration through the credit scoring system. This system takes into account the information you provided on your completed application form. Points are allocated to each piece of information supplied and then added up to produce a total score. A Credit Reference Agency will also have been contacted and a score applied to the information they hold about you.

Your application may have been declined either due to the score attributed to your application details, or the score from the Credit Reference Agency not meeting the minimum requirements.

As your application may have been declined due to information from a Credit Reference Agency, in accordance with section 26 of the Consumer Credit Act 1974, Hitachi Capital are required to notify you that the Agency consulted on your applications was:-

Experian Help Service
P.O. Box 8000
Nottingham
NG1 5GX

The Agency will be happy to provide you with a copy of your credit file if you write to them direct enclosing a £2.50 administration fee. If your application was declined due to the score attributed to your personal application details, the information you receive from the Agency may not show anything detrimental.

We understand that you may be unhappy with the decision and wish to discuss the matter further. Unfortunately, due to the Data Protection Act they are unable to discuss this with you over the telephone. However, you can write to them at the address provided on the decision page of your decline letter and they will be happy to provide you with more information regarding the decision.

Please rest assured that the decision to decline your application is known only to yourself and Beaverbrooks and has not been disclosed to anyone outside the organisation.

Please be aware that we are unable to offer Interest Free Credit on all Michael Kors Access products, including both smart watches and trackers.

As a member of the Finance and Leasing Association (FLA) and the Consumer Credit Trade Association, Hitachi Capital (Hitachi Capital are authorised and regulated by the Financial Conduct Authority) follow the principles of the FLA's "Guide to Credit Scoring" agreed with the Office of Fair Trading.

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