Interest Free Credit

Once you have enjoyed the Hamilton & Inches showroom experience and selected your chosen item(s) there are several ways you can choose to pay for them. In addition to the usual payment options, eligible customers can also decide to make use of our interest free credit facilities. Our experienced and friendly staff will guide you through every step of our finance provider’s online credit application questionnaire and a decision will be made whilst you are in-store.

 

WHAT IS INTEREST FREE CREDIT?

Interest free credit is a zero-interest bearing loan that can be used to finance the purchase of an item from our showroom (not online). It means that customers can avoid paying a lump sum up front and it allows the cost of the item to be repaid over an agreed repayment period via monthly direct debit. Successful applicants for interest free facilities pay no more than the sale price of the item(s) they wish to purchase. A customers’ application for an interest free credit loan is subject to our finance provider’s online credit checking application process.

 

AM I ELIGIBLE TO APPLY FOR INTEREST FREE CREDIT?

Eligibility for interest free credit finance facilities at Hamilton & Inches requires applicants to:

  • - Be aged between 18 and 80 years at the point of application
  • - Be in permanent employment, self-employed, retired, or in receipt of Disability Allowance
  • - Been resident in the UK for at least 36 months and will continue your residency in the UK for the duration of the agreement
  • - Have Bank or Building Society current account details available to be able to complete the direct debit instruction

Acceptance for interest free credit facilities is subject to our finance provider’s underwriting criteria which take into account an individual’s financial situation, employment status and credit rating amongst other matters.

 

HOW ARE INTEREST FREE FACILITIES STRUCTURED AT HAMILTON & INCHES?

A minimum deposit of 10% is required for a balance being financed of at least £1,000. Monthly direct debit payments are set-up to repay the agreed loan balance over 6-months, 12-months, 18-months or 24-months, although the customer can choose to settle the full balance without penalty at any time. An example of how the arrangements work is where an item is purchased with retail price of £2,500 and a selected loan repayment period of two years as follows:

  • Retail Price is £2,500
  • Deposit (minimum 10%) of RRP is £250
  • Amount borrowed on interest free loan agreement is £2,250 (i.e. RRP £2,250 less deposit £250)
  • 24-month direct debit monthly repayments of £93.75
  • Total amount paid is £2,500 (i.e. £93.75 x 24 payments = £2,250, add deposit of £250 is £2,500)

*Please note that interest free credit is only available on selected items, please ask for further details.*

 

WHO IS HAMILTON & INCHES' FINANCE PROVIDER?

The interest free credit advertised (0% APR representative) is provided solely by Creation Consumer Finance Ltd. It is provided subject to acceptance and the terms and conditions of Creation Consumer Finance Ltd. Written details are available on request from Creation Consumer Finance Ltd, 6th Floor Royston House, 34 Upper Queen St, Belfast BT1 6FD

 

I WOULD LIKE SOME MORE INFORMATION ON INTEREST FREE CREDIT

If you have any questions about the interest free credit facilities we provide, please visit our showroom at 87 George Street, Edinburgh and ask our staff who will be delighted to assist. Alternatively you can call us on +44 (0)131 225 4898 during showroom opening hours (9.30am - 5.30pm Monday to Friday, 9.30am - 5pm Saturday), or email us at hello@hamiltonandinches.com

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