What is interest free credit?
Interest Free Credit (0% typical APR) is a loan that can be applied to an item purchased in one of our boutiques or online. The loan is completely interest free which means you will not pay any more than the price of the item.
You pay no interest whatsoever on the amount you borrow. A 1% deposit is required, and then you settle the balance over an agreed period of months via a monthly direct debit. You can even pay off your balance at any time without paying any penalties or extra charges.
The following minimum spend applies for 0% APR finance:
- 12 / 24 months – min. spend £325
- 36 / 48 Months – min. spend £750
- Over 60 months – min. spend £7,000
Please note that 12 months 0% APR finance is only available on sale items.
Classic credit 9.9% APR typical is available for 12 / 24 / 36 and 48 months for sale items.
Terms & Conditions
Anyone UK resident over the age of 18 can apply for V12 finance. To be accepted for finance, you must meet the criteria of V12 Retail Finance Ltd that takes into account your financial situation such as employment and credit rating.
How do I apply?
You can use the Finance Calculator to see simply select the terms and deposit amount to see the monthly payment. You can change the term to see how the monthly payment changes.
To apply, add the item to your bag and checkout. Once you've entered your billing address and shipping address, select Pay by Finance as your payment method on the final screen. This will open a screen on the V12 website for you to apply. It takes around 10 mins to apply and you'll be given an instant decision.
Once you have been approved, you will be required to check the e-signature box which signs the credit agreement to finalise your application.
If your application is referred, this means that you may need to submit supplementary info (ID check, proof of income, etc) to the lender support your application. They will confirm what if is required and this can take 24 hours to approve.