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Pay by Finance

NEW: Sofas from just £38 a month*. 2 years interest free credit available.

Relax. You can soften the purchase of a new sofa...

We offer 2 years interest free credit on all orders over £799. That means that you can get a lovely new sofa from just £38 a month*.
Simply choose how much deposit you want to pay - from 10% to 60% - and then spread the remaining balance over 12 or 24 months.

The table below is an illustration of monthly repayments based on the total order value and 10% deposit.

* 'Sofas from just £38 a month' refers to purchasing a sofa for £999 (£37.46 per month with 10% deposit and payments over 24 months).

Examples below are based on a 10% deposit and replayments over 12 months.
Order Value 10% Deposit Amount of Credit 12 Monthly Payments of: Total Paid APR
£800.00 £80.00 £720.00 £60.00 £800.00 0%
£1,000.00 £100.00 £900.00 £75.00 £1,000.00 0%
£1,500.00 £150.00 £1,350.00 £112.50 £1,500.00 0%
£2,000.00 £200.00 £1,800.00 £150.00 £2,000.00 0%
£3,000.00 £300.00 £2,700 £225.00 £3,000.00 0%
Examples below are based on a 10% deposit and replayments over 24 months.
Order Value 10% Deposit Amount of Credit 24 Monthly Payments of: Total Paid APR
£800.00 £80.00 £720.00 £30.00 £800.00 0%
£1,000.00 £100.00 £900.00 £37.50 £1,000.00 0%
£1,500.00 £150.00 £1,350.00 £56.25 £1,500.00 0%
£2,000.00 £200.00 £1,800.00 £75.00 £2,000.00 0%
£3,000.00 £300.00 £2,700 £112.50 £3,000.00 0%
How to Apply Online

When buying online, simply follow the easy steps during Checkout. If you’re buying over the phone, our team will explain your options.
As you progress through Checkout, if you select ‘Pay by Finance’ we’ll ask you to confim your deposit and repayment period.
When you confirm your order, your deposit payment will be charged. You will then be taken to Novuna’s website to complete your
credit application. Please note, if your credit application is accepted.

Got a question? Check our FAQS to find the answer.

How do I choose to PaybyFinance?

Just select the finance option on the checkout page.

Who is eligible to apply for online finance?

To apply for online 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 the employment details of your spouse / partner will be required 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.

Applying for online finance

Applying for online finance couldn't be easier or more convenient. When you buy online from The Lounge Co. you have the choice of applying for finance by adding your purchase to the shopping basket, selecting the finance option, and completing an online application form. Just follow the simple instructions, entering your personal details as required and we'll do the rest.
The whole process only takes a few minutes and is simple and secure. Once your finance application is approved, you will then be advised of how to sign the finance agreement and you will also receive an email confirming these details.
Please read the agreement carefully checking that all the details are correct, then either electronically sign the agreement or print and sign the agreement in both boxes. Post the signed agreement to the address shown on the covering letter of the agreement.
Following receipt of your finance agreement and a few additional checks, your goods will be dispatched.

Your questions answered
Here's some of the most commonly asked questions regarding online finance.

Once my application is approved, what happens next?

Within minutes of your application being approved, you will be presented with the options to either esign or print and return your finance agreement.
If you choose to e-sign your agreement, a PDF of your agreement will be displayed on screen. You should read the agreement carefully before clicking all the relevant sections agreeing to its terms.
Once you have agreed to the terms of the finance agreement The Lounge Co. will be notified and you need do nothing more.
If you choose to print and return your agreement you should print the 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 finance agreement.
Note that products will not be allocated to your order until your completed and signed agreement is returned and received by Novuna Personal Finance. Shipment of your goods will follow soon after your agreement has been returned and received.

Will you 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 consistent decisions to be provided, ensuring all 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, Novuna also takes into account confirmation of your identity, validation of certain application details, existing commitments and information held at the credit reference agencies. Though Novuna is unable to provide you with a main reason for the decline of your application, it is usually based on one, or a combination of the following:

  • Your credit score (please 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 details of all addresses at which you have lived over the last 6 years:

  • Experian Limited, Customer Support Centre, PO Box 9000, Nottingham, NG80 7WF
  • Equifax Ltd., Customer Service Centre, PO Box 10036, Leicester, LE3 4FS
  • TransUnion International UK Limited, Consumer Services, 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 circumstances change and just because a previous application has been refused, it does not mean that a further request will automatically be turned down. 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.

View our full Terms and Conditions.

For finance complaints, please see our Finance Complaints Procedure page.

The Lounge Co. (Furniture) Limited (FRN 831219) is an Appointed Representative of Consumer Credit Compliance Limited who are authorised and regulated by the Financial Conduct Authority (FRN 631736). The permissions of Consumer Credit Compliance Limited as a Principal firm allow The Lounge Co. (Furniture) Limited to undertake credit broking. The Lounge Co. (Furniture) Limited acts as a credit broker and not a lender and do not receive a fee for the introduction.

Credit subject to status. Terms and conditions apply. Applicants must be aged 18 or over

The Lounge Co. Hampton Park West, Melksham, Wiltshire, Company Regisration No. 09988872 acts as a credit broker and not the lender and only offers products from Mitsubishi HC Capital UK PLC (trading as Novuna Consumer Finance).

Mitsubishi HC Capital UK PLC is authorised and regulated by the Financial Conduct Authority.