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Got a Question? Call us on -

0141 552 6290

Got a Question? Call us on -

0141 552 6290

Pay In Instalments - Flexible Payments with Divido Finance

Online Finance with Divido

Merchant City Music are delighted to announce that we can now offer finance online with Guitar.co.uk having partnered with Divido (https://www.divido.com/).

We can offer a range of flexible payment plans from Buy Now Pay Later, Interest Free Finance and 12.9% over a maximum of 60 months. The application process is simple, takes around 5 minutes for you to complete, is carried out online with a decision usually made within 30 seconds of completion. If you decide to take advantage of our instalment plans, here's a quick guide to everything you'll need to know.

Finance is available on orders of £499 and above. So if you fancy treating yourself to a new guitar, amp or pedalboard setup, we've made it really easy for you! Just add what you want to basket and proceed to checkout. After filling in your details choose "Pay in instalments with Divido" at the Payment Information stage of our checkout. You will then be directed to Divido to fill out a very simple form and await the decision.

Buy Now, Pay Later

With our Buy Now Pay Later deals you can defer the entire payment for 12 months. So long as you pay off the loan within the agreed promotional period you will not be charged any interest, just a £29 settlement fee.

Here is a representative example where you pay off the loan within the promotional period:

  • Cash Price: £1,000
  • Deposit: £0
  • Amount of Credit: £1,000
  • Number of Payments: 1
  • Fee: £29
  • Total to pay: £1,029 (within the promotional period)

Here is a representative example where you do not pay off the loan within the promotional period:

  • Cash Price: £1,000
  • Deposit: £0
  • Amount of Credit: £1,000
  • Promotional Period: £0 for 12 months
  • Number of Payments: 36
  • Interest Rate: 19.9% APR
  • 36 Monthly Payments of £36.30
  • Total to Pay: £1,306.67
  • Total amount of interest: £306.67

Interest Free Finance

We can offer Interest Free Finance with a deposit as low as 10%.

 Here is a representative example over 12 months:

  • Cash Price: £1,000
  • Deposit: £100
  • Amount of Credit: £1,000
  • Number of Payments: 12
  • Interest Rate: 0% APR
  • 12 Monthly Payments of £75.00
  • Total to Pay: £1,000.00
  • Total amount of interest: £0.00

Standard Interest Bearing Loans 

We can also offer standard interest bearing loans over a maximum of 60 months with or without a deposit.

 Here is a representative example:

  • Cash Price: £1,000
  • Deposit: £0
  • Amount of Credit: £1,000
  • Number of Payments: 36
  • Interest Rate: 12.9% APR
  • 36 Monthly Payments of £33.31
  • Total to Pay: £1,199.07
  • Total amount of interest: £199.07

 

Who is Eligible for Finance?

Applying for an instalment plan is similar to applying for a new credit card. The details you provide are checked against public registers, such as credit-rating agencies. To increase the chances of acceptance, ideally, you will have a good credit history - (no late payments, CCJ's, etc) - and meet the following minimum criteria:

  • Be a UK resident
  • Be over 18 years of age
  • Have 3 years of UK address history
  • Be working at least 16 hours per week
  • Have a valid phone number and email address
  • Delivery address must be to the address you put on your finance application (billing address).


Questions?

Feel free to give us a ring on 0141 552 6290 or contact us here, and we would be happy to answer any questions you might have. Alternatively, pop into our shop and we can process your application while you wait.

About Divido

Divido Financial Services Limited (‘Divido’) is authorised and regulated by the Financial Conduct Authority. For more information, please visit: https://www.divido.com/