Pay by Finance
Soften your sofa purchase
10 MONTHS 0% APR REPRESENTATIVE INTEREST FREE CREDIT
If your order is over £799, you can spread the cost with Interest Free Credit,
which allows you to pay a 15% deposit and spread the cost of the balance over 10 months.
The table below shows how much monthly repayments will be, based on the total order value:
|Order Value||15% Deposit||Amount of Credit||10 Monthly Payments of:||Total Paid||APR|
Credit is provided by V12 Retail Finance Limited, a wholly owned subsidiary of Secure Trust Bank authorised and regulated by the Financial Conduct Authority.
YOUR QUESTIONS ANSWERED
Here are the most commonly asked questions regarding online finance
Who is eligible to apply for finance?
In order to be considered for our interest free credit option, you must be at least 18 years of age, resident in the United Kingdom for at least three years, have a credit or debit card and a bank or building society current account and be either self-employed or in full or part time employment (over 16 hours per week) or retired and in receipt of a pension or in receipt of a disability benefit.
Applying for online finance
The whole process takes just minutes, is simple and secure and you will be provided with a decision at the end of the application. When you buy online from The Lounge Co. you have the option of applying for instant sofa finance by adding your purchase to the shopping basket, selecting the option to pay by finance and completing the application form.
When do my repayments start?
Your monthly repayments will begin within approximately one month after your furniture has been delivered.
Delivery of my order
If you choose to apply for finance, we will only deliver to the address supplied in your finance application.
Are there any arrangement fees or hidden extras for credit?
Once my application is approved, what happens next?
Within minutes of your application being approved, you will need to complete an identity check and you will be presented with the opportunity to sign your credit agreement. If you choose to sign the agreement, please read all information, carefully checking that all the details are correct and that you are satisfied with the terms before clicking the relevant sections to agree to the terms. Once you have agreed to the terms and signed the agreement, The Lounge Co. will be notified and your order will be processed.
Will you credit score me and what does this mean?
Yes. Credit scoring is a process used by financial services companies to obtain your credit-worthiness from credit reference agencies. This technique which is used to evaluate the credit risk of new applicants, will be applied to your application for online finance.
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. Although we are unable to provide you with a main reason for decline of your application, you’ll be provided with information to contact the credit reference agencies, and if you believe any 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 refusal of a previous application does not mean we’ll automatically refuse a further request. We do suggest that you leave at least 6 months between applications.
To see our full Terms and Conditions, click here.
The Lounge Co. (Furniture) Limited is registered in England and Wales 9988872. Registered office: 1 Hampton Park West, Melksham, SN12 6GU. The Lounge Co. acts as a credit broker and only offers credit products from Secure Trust Bank PLC trading as V12 Retail Finance. Credit provided subject to age and status.