THINKING OF CHOOSING FINANCE?

Finance

We offer several ways of allowing you to spread the cost of your purchase over several months or even years.

We have immediate online finance services provided by Deko (including 12/24/36/48 months at either 0% or 9.9% APRI) and instore and mailorder finance services provided by Hitachi Capital offering 12 months deferred interest-bearing finance.

For online finance, simply add the items you want to your basket and select which finance options suits you. The quick application form should take no more than a couple of minutes to complete and you’ll receive an instant decision. Easy!

 

ARE YOU ELIGIBLE FOR FINANCE?

 

You will only be considered for finance if you:

  • Are at least 18 years old
  • You're in paid employment or have a regular income (minimum 16 hours per week or £5,000 per annum, unless you are retired and receiving a private / company pension or in receipt of disability allowance)
  • 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
  • Have a good credit history with no late payments, debt relief orders, County Court Judgment (CCJs), Individual Voluntary Arrangement (IVAs) or bankruptcies.
  • Provide an email address so your documentation can be emailed to you.

 


 

WHAT TYPE OF FINANCE DO YOU NEED?

 

I want to spread my repayments I want to buy now and pay later Business Finance

  


 

OPTION #1 - MAKE REGULAR MONTHLY REPAYMENTS

 

Deko Online

 

We offer a range of interest-free and interest bearing finance options to help you spread the cost of your purchase over periods of between 12 to 48 months. The value of the loan needs to be over £500 (total order minimum must be £550 (£500 Loan + 10% minimum deposit) and you can choose a deposit of between 10 and 50% of the value of the goods.

Representative examples would be:

0% Finance over 12 Months 9.9% finance over 12 Months
  • Total order value: £1000
  • 10% deposit: £100
  • Duration: 12 Months
  • Representative APR: 0% APR
  • Interest charged: £0
  • 12 monthly payments of: £75.00
  • Total amount payable: £1000
  • Total order value: £1000
  • 10% deposit: £100
  • Total order value: £1000
  • 10% deposit: £100
  • Duration: 12 Months
  • Representative APR: 12.9%
  • Interest charged: £46.92
  • 12 monthly payments of: £78.91
  • Total amount payable: £1046.92

 

HOW IT WORKS

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.

Deko Finance

 

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

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

Once approved, Deko will let you know who the lender is and provide you with their full contact details. 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 a 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.

For any questions related to finance please contact us by phone on 020 8445 2446 or email sales@kmraudio.com.

 


 

OPTION #2 - PAY NOTHING NOW AND REPAY FULL AMOUNT AFTER 6,10 OR 12 MONTHS

 

Hitachi Online Finance

 

Everything we sell is available to buy on a deferred credit, interest-bearing plan offered by Hitachi Capital. This gives you the chance to pay off the balance, WITH NO INTEREST, within the first 12 months of the agreement (plus a £29 settlement fee).

Our simple 12 Months Deferred, Interest Bearing finance options allow you to spread the cost of your purchase over 48 months, with the first payment deferred for 12 months. Settle your agreement within the agreed period and only pay an early settlement fee of £29.00. No deposit required

Hitachi finance is available on all products with a minimum total order value of £500.

Credit is available to permanent UK residents only.

 

Representative example would be:

Cash price       £1,000

  • Deposit            £100
  • Loan amount   £900
  • 29.8% APR representative
  • Interest rate     21.37% (fixed)
  • 48 monthly repayments of £38.78
  • Total term of loan agreement  48 months (4 years), with the first payment deferred for 12 months
  • Total charge for credit            £961.44
  • Total amount payable  £1961.44
  • IF SETTLED WITHIN 12 MONTHS, TOTAL PAYABLE WILL BE £900 + £29 settlement fee - £929 TOTAL

 

Read the FAQ for more info

 

Credit subject to status and affordability. Terms & Conditions Apply. KMR Audio are a credit broker and are Authorised and Regulated by the Financial Conduct Authority.

Credit is provided by Hitachi Personal Finance, a division of Hitachi Capital (UK) PLC Authorised and Regulated by the Financial Conduct Authority.

 

 

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 once the goods have been returned to us. 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 of any outstanding balance if applicable.

 


 

OPTION #3 USE BUSINESS LEASING TO MAKE YOUR PURCHASE

 

Aszule Business Finance

 

If you are a business and looking to purchase new equipment as part of a studio upgrade or a full studio installation, we can put you in touch with a number of assets and lease purchase lenders. Please contact us for more details.

All subject to credit underwriting.

 


 

THE LEGAL BIT

 

KMR Audio Ltd is registered and licensed with the FCA to offer third party credit products. Our FCA FRN is 736635. Eligibility and conditions apply. KMR Audio Ltd acts as a credit intermediary and only offers credit products from Deko or Hitachi Capital.

Consumer credit service is provided by Pay4Later Ltd. Deko authorised and regulated by the Financial Conduct Authority (Interim Permission Number: 0616240). Registered offices are at 33 St Mary Axe, London EC3A 8AG. For more information please refer to www.https://www.dekopay.com/faq or visit www.dekopay.com

Finance is provided through the Deko platform by a number of lenders. You will be offered the best rate available based on your credit history and our lenders’ credit decision policies. You will be informed who the lender is at the point the loan is offered and provided with their full contact details.

Hitachi

Hitachi Capital (UK) PLC is authorised and regulated by the Financial Conduct Authority. Registered in Cardiff no. 1630491.

Registered office: Hitachi Capital House, Thorpe Road, Staines-upon-Thames, Surrey, TW18 3HP.

Terms and conditions apply. Loans available to permanent UK residents aged 18 and over. Subject to status.  


 

HITACHI FINANCE FAQ

 

How do I choose to pay by Finance?

Just select the finance option on the checkout page or let the sales consultant know if you're buying in our showrooms.

Who is eligible to apply for online finance?

To apply for finance, you must be over the age of 18, work at least 16 hours a week, or be retired with an income. You must also be a resident of the United Kingdom and have lived in the UK for the last 12 months or more. Unfortunately, we are unable to offer online finance to residents of Eire. Homemakers aren't excluded from applying under their own names; however, we will require the employment details of your spouse in order to process your application.

When do my repayments start?

Your monthly repayments will begin one month after your purchase has been delivered.

Are there any arrangement fees or hidden extras for credit?

No. There are no arrangement fees or hidden extras.

Credit subject to status and affordability. Terms & Conditions Apply. KMR Audio are a credit broker and are Authorised and Regulated by the Financial Conduct Authority.

Credit is provided by Hitachi Personal Finance, a division of Hitachi Capital (UK) PLC Authorised and Regulated by the Financial Conduct Authority.

Applying for online finance

When you buy online from KMR Audio you have the choice of applying for instant finance by adding your purchase to the shopping basket, selecting the option to PaybyFinance, and completing a finance application form.

The whole process only takes a few minutes and is simple and secure. Once your finance application is approved, you will receive an e-mail advising you of how to download the finance agreement. Please read this carefully checking that all the details are correct, then either e-sign the agreement, if offered, or print and sign the finance agreement twice. Post the document to the address shown on the finance agreement.

Following receipt of your finance agreement and a few additional checks, your goods will be dispatched.

Applying for online finance couldn't be easier or more convenient. Once you've chosen the products you'd like to purchase, simply complete a brief online application form accessed via the 'checkout'. Just follow the simple instructions, entering your personal details as required and we'll do the rest.

Once my application is approved, what happens next?

Within minutes of your application being approved, you will be presented with the option to sign your credit agreement. If you are offered the ability to e-sign your credit agreement and choose to do so, a PDF of your credit agreement will be displayed on screen. You should read the credit agreement carefully before clicking all the relevant sections agreeing to its terms. Once you have agreed to the terms of the credit agreement KMR Audio will be notified and you need do nothing more. If you are presented with the ability to print and return your credit agreement you should print the PDF agreement, read it carefully and then sign the document following the instructions on the covering letter. This signed document should then be posted to the address shown on the covering letter of the credit agreement.

Note that products will not be allocated to your order until your completed and signed agreement is returned and received by Hitachi Capital. Shipment of your goods will follow soon after your agreement has been returned to our finance company.

Will your credit score me and if so, what does this mean?

Credit scoring is the process used by financial services companies to evaluate the credit risk of new applicants. This technique will be applied to your application for online finance. Credit scoring works by awarding points for each answer given on the application form such as age, income and occupation, together with information obtained from credit reference agencies. This information allows us to produce consistent decisions, ensuring all our applicants are treated fairly. Credit scoring does not discriminate on the grounds of sex, race, religion or disability.

If you decline my application, what is the reason?

In addition to credit scoring, we also take into account confirmation of your identity, validation of certain application details, existing commitments and information held at the credit reference agencies. Though we are unable to provide you with the main reason for the decline of your application, it is usually based on one, or a combination of the following:

  • Your credit score (note that every finance company will score you differently)
  • Adverse credit reference agency information
  • You are considered to be overcommitted
  • You are aged under 18
  • Your existing account performance with other lenders

What type of information do credit reference agencies hold about me?

Some of the information is public information, for example, electoral roll, County Court Judgements and bankruptcies. Other lenders may also file information about accounts you hold with them, for instance, this could include your payment history and outstanding balance on these accounts. Any requests for credit, where a credit reference search has been undertaken, will also be filed, although the result of the request is not recorded.

How do I obtain a copy of this information?

You should send a cheque for £2.00 made payable to the relevant company, together with details of all addresses at which you have lived over the last 6 years:

  • Consumer Help Desk Experian Limited PO Box 8000 Nottingham NG1 5GX
  • Equifax Ltd., Credit File Advice Centre. PO Box 1140. Bradford, BD1 5US
  • Consumer Services, Callcredit Limited, PO Box 491, Leeds, LS3 1WZ

The above-listed agencies will provide details of information relating to these addresses. If you believe that the information is incorrect, you can ask the agency to correct it.

If my application is not successful, can I re-apply?

Yes. We acknowledge that your circumstances change and just because we have refused a previous application, it does not mean that we'll automatically turn down a further request. We do suggest, however, that you leave at least 6 months between applications.

Can I request delivery to an address other than my home?

In order to safeguard against fraudulent applications, we regret that we're able only to deliver goods to the home address of the applicant. 

 

Credit subject to status and affordability. Terms & Conditions Apply. KMR Audio are a credit broker and are Authorised and Regulated by the Financial Conduct Authority.

Credit is provided by Hitachi Personal Finance, a division of Hitachi Capital (UK) PLC Authorised and Regulated by the Financial Conduct Authority.