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FINANCE

FINANCE INFORMATION

It is now possible to purchase one of our bikes through finance with 0% interest available. There are no hidden fees, no paperwork to be filled in (the application is done fully online and the decision is usually instant) and full warranty and returns are offered as per normal.

All of our finance packages are offered via the approved and regulated Pay4Later provider who secure hundreds of finance purchases every day.

HOW DO I APPLY?

You simply need to send an email to hello@foffabikes.com with the details below and we will send you a link with your application which will need to be completed online. It typically takes 3 minutes to complete the form.

– Full name
– Order details (bike model and size + accessories if any)
– Finance option (6 or 12 months, both are offered with 0% interest)
– Deposit amount (minimum of 10%)
– Contact number

When your application has been accepted you will then be required to pay the deposit amount quoted in your application. We will then require ask for your delivery address, in full. The bike will be shipped as soon as the application is processed (usually within 2 to 3 working days).

WHAT ARE THE REQUIREMENTS FOR FINANCE?

  • You must be over 18 years or older and in regular full or part time employment (minimum 16 hours per week, the exception being if you are retired or the partner of a house person with a spouse in full time employment..
  • You are a permanent UK resident and able to supply a UK address history for the last 3 years.
  • You must hold a UK bank account capable of accepting Direct Debits.
  • Have no adverse credit history (no CCJ’s, IVA’s or bankruptcies)
  • The goods must be delivered to your home address.
  • The deposit must be paid in full using a credit or debit card.

WHAT IF I AM DECLINED?

Unfortunately we are not given the reason why a customer is declined for credit. The authorisation process is carried out by the finance company. The reason for a decline could be that some incorrect information has been entered in the credit application form, so please ensure you carefully enter all the required information.

CAN I PAY MY AGREEMENT OFF EARLY?

You can settle the agreement at any time by paying off the amount you owe. Please see contact details below.

IS THE APPLICATION CONFIDENTIAL?

Yes. Your credit application is treated in the strictest confidence. We will not contact your employers, bank or any other third party.

WHAT ABOUT WARRANTY AND RETURNS?

Your bike is still covered under our normal warranty and returns policy. If you decide to return your bike or cancel the order within 14 days, your finance application can be cancelled.

IS FINANCE AVAILABLE DURING SALES AND PROMOTIONS?

Finance is available during sales and promotions but subject to terms and conditions, so if unsure please contact us.

CAN I CANCEL MY CREDIT AGREEMENT IF I CHANGE MY MIND?

You have the right under section 66A of the Consumer Credit Act 1974 to withdraw from the agreement without giving any reason before the end of 14 days. Your 14 days begins with the day after the day on which the agreement is made or, if later, the date on which we will tell you that we have signed the agreement). Please note that some admin costs may incur. If you wish to withdraw you must give the finance company notice in writing or by telephone or email. The name of your finance company will be clearly shown on your credit agreement (see contact details below). Please note that if you do give notice of withdrawal, you must repay the full amount of the credit without delay and in any event by no later than 30 days after giving notice of withdrawal. If you want to settle the loan after the 14 day cooling off period, you may do so but you will also have to pay interest accrued from the date the agreement was made until the date you repay it. If you wish to pay by debit card please telephone the finance company. If you wish to pay by cheque please send it by first class post to the finance company. Please allow 10 working days from the day you post the cheque to allow time to process the payment.

RateSetter Retail Finance
406 Great Guildford Business Square,
30 Great Guildford Street,
London SE1 0HS.

ABOUT THE LENDER

Loan agreements are only available to UK residents over the age of 18, subject to status, terms and conditions apply. All orders placed through finance must be at least £280. Foffa Bikes work exclusively with Rate Setter Retail Finance as the lender. Rate Setter Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority.

Pay4Later is an online finance gateway that links retailers and finance companies making it easy for finance companies and retailers to work together to offer consumers fast and convenient point of sale finance. Pay4Later act as a credit broker and not a lender. Pay4Later can introduce you to a limited number of finance providers.