Finance is a great way to spread the cost of your purchase. To make it easy we’ve teamed up with Deko whose smart technology lets you apply for and complete the loan application quickly and entirely online.
Simply select “Apply for finance of full amount” in the payment option on the course booking page.Once you are at the checkout stage and have entered your details, select the finance terms and deposit option that suits you and then proceed. You will be directed to a quick online application form that should take you no more than a couple of minutes to complete, and you’ll receive instant decision. Easy!
Before applying why not perform a Soft Search Loan Eligibility check:
A soft–search is a type of credit search where a lender can get an idea of whether you’re eligible for borrowing by doing a soft search of your credit report. It doesn’t leave a mark like a ‘hard search‘ does.
The calculators use what’s known as ‘soft’ searches on your credit file – you’ll see the search if you check your file, but lenders won’t. To do this companies work with HD Decisions, a data company owned by Experian. For the ‘soft’ search they first have to find your details at the credit bureau (Experian).
You will only be considered for finance if you:
Your application will be assessed based on eligibility, credit history and affordability. Deko will then let you know the outcome in just a few seconds. It’s important to know that when applying for finance a hard credit check is made which is recorded on your credit file.
Once approved, Deko will let you know who the lender is and provide you with their full contact details. You then just need to digitally sign your credit agreement, pay your deposit and wait for your course to be confirmed by us.
In a few cases, your application may be referred to a lender for manual assessment and you’ll be notified by email of the credit decision within 24 hours. If you’re not approved for finance it could be for a variety of reasons and the lender will be able to give you more information.
Instead of paying in full, you do have the option to apply for financing to pay for your course in instalments over a 12 – 48 month period.The finance APR is 19.9%. Payments are comprised of an upfront deposit of 10% or 50% of the total amount, plus 12 to 48 equal monthly payments thereafter. Barbering equipment and textbooks costs cannot be included in the financing and must be purchased separately.
You can apply directly on our website, or you can phone 02074040998 or email [email protected] to request an application, and include the course name and start date that you wish to take. The applicant must have to have a source of income to qualify, so if you personally do not have an income then ask a family member or friend to apply for the financing.
You can pay off all or part of your loan early at any time and there are no early repayment fees. You can make additional payments, increase your monthly instalments or repay your loan off in full; all these functions can be managed online. Once you have been approved.
If you are approved then your deposit will be needed immediately (for your place to be confirmed) and the remaining monthly payments will start 30 days thereafter. Finance can only be applied to courses starting 14 days or more in advance.
If you wish to pay for you course in installments, you can do so by following the below steps:
* For non UK bank transfers, balances must be cleared by 4 weeks before course start dates.