What is Interest Free Credit?

Interest Free Credit is a loan that can be applied for purchasing an item on our website. The finance is interest free, which means that you will only pay the full price of the item, you will not pay any interest on that loan. You pay a deposit now and settle the balance over the timeframe that you choose. Interest Free Credit is only available to UK residents.

Who can apply?

  • You must be over 18 years of age
  • You must be a UK resident with at least 3 years address history
  • You must be in employment or self-employed, retired or a house person with a spouse in full time employment
  • You must have a UK bank account capable of accepting direct debits
  • A minimum deposit of 10% is required and is payable by credit or debit card upon acceptance (20% deposit for 36 months)
  • The goods must be delivered to your home address
  • Credit is provided subject to status

What can I buy?

Interest Free Credit can only be applied for on orders over £349.99. Interest Free Credit cannot be used in conjunction with any order under this value. We apologise for any inconvenience that this may cause. You can use Interest Free Credit to purchase any of our Jewellery and Watches as long as the order value is over £349.99. The maximum value for Interest Free Credit is £5,000. This value of loan will require a 50% deposit. 

Interest Free Credit is not available in conjuntion with promotional codes or corporate discounts and offers.

Sales items

Interest Free Credit is available for up to 12 months on sale items. Longer term credit agreements are available as interest bearing (9.9%) - please contact our customer service department to discuss interest bearing options.

Preowned Watches

Our pre-owned watches are not available on 0% interest free credit. Only interest bearing credit agreements are applicable.

How does Interest Free Credit Work?

With V12 Finance Interest Free Credit you can pick any item(s) that meet the Interest Free Credit criteria. When you have finished shopping you can take your items through to your shopping basket where you will be shown a payment calculator. Your deposit will not be taken until you have been approved for finance when you will have to pay a minimum of 10% deposit by any accepted payment method (you can change this up to a maximum of 50% as long as this does not take the loan agreement under £250.00) and then you chose the time that you want to pay your loan back over.

  • Click add to bag
  • Click on the Pay by Finance tab
  • Adjust the deposit and length of time
  • Click apply for finance

You will then be taken to a secure site to complete the V12 Finance Interest Free Credit agreement and you will be told if you are successful at that stage. 

Interest Free is exactly that. No catch. You pay no more than the Cash Price of your goods.

Pay an initial deposit and the balance is split over 6 equal monthly payments.

How do I know if my application was successful?

Once completed a decision is returned in about 15-20 seconds

If your application is declined and you feel unhappy about the decision, you can write to V12 Retail Finance Limited and request further details about your application at:

  • Customer Services
  • V12 Retail Finance Limited
  • 20 Neptune Court
  • Vanguard Way
  • Cardiff CF24 5PJ

Please clearly state the reason that you are writing and provide your name, address and postcode.

How are my payments made?

Typically your first payment is made 30 days after your agreement is processed and this will be paid by Direct Debit from your bank to V12 Finance, all subsequent payments will monthly thereafter in line with the length of time you took your Interest Free Credit over.

What lengths of repayment are available?

  • 12 Months
  • 24 Months
  • 36 Months
  • 48 Months

Dispatching your order

Goods will only be sent once your order has been accepted by V12 Finance Interest Free Credit.

We regret that, due to insurance cover, our Click and Collect service is not available to interest free credit purchases. However, we will be delighted to send your order to your registered card address. 

Can I pay off my loan early?

You can settle your loan agreement at any time. Simply contact V12 Finance and they will calculate and send you your settlement figure. Your settlement figure and date are calculated in line with the Consumer Credit Act.

If you decide to cancel the agreement, the full purchase amount less Deposit is payable to V12 Finance - this is detailed on your agreement.

Can I return my item?

You can return your item within 14 days of receipt, further information on returns can be read here.

About V12 Finance

A little bit about V12 Retail Finance, our 3rd party provider.

We've teamed up with V12 Retail Finance Limited ("V12") to offer you a flexible and affordable option to pay on finance. V12 is the UK's only specialist provider of Retail Point of Sale Credit, providing finance options for more than 20 years through its industry leading online paperless processing system. If your application is successful, you will enter into a Credit Agreement with Secure Trust Bank Plc (V12's parent company) which will be administered by V12. V12 is authorised and regulated by the Financial Conduct Authority. Secure Trust Bank Plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 204550.