Interest Free Credit 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 |
| 36 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.