Finance

Finance Information

Foster Industrial want to help you get the kit you want, so after careful consideration we have partnered up with Deko who provide trusted and reliable finance options. Choose from 6 to 12 months, with 0% interest available. Our finance packages are offered via the approved and regulated Deko provider who continue to secure hundreds of finance purchases every day.

HOW DOES IT WORK?

  1. Select your kit. To qualify for finance your basket value (including delivery) needs to be at least £350. If your chosen kit costs less than £350, simply add additional products to bring it up to the required minimum value.
  2. When you’re in the basket, click the ‘Apply for Finance’ button. This will take you to the Finance Application page. Here you can enter your details and select the finance option which suits you, using the deposit slider and interactive calculator. This will show you how much you can expect to pay per month and for how long.
  3. Once you’re happy with your selection, click the final ‘Apply for Finance’ button. This will briefly take you away to the finance provider, Deko website, where you’ll be given an instant decision.
  4. Once your application has been accepted, you’ll be asked to pay a deposit and given a clear breakdown of the monthly repayments.
  5. Foster Industrial will receive your order and dispatch your kit!

REASONS TO CHOOSE FINANCE:

  1. 0% interest with no hidden fees
  2. No long winded paperwork and an instant decision
  3. Safe and secure with one of the counties leading providers
  4. Full warranty and returns offered as normal

PAYMENT PLAN OPTIONS

We offer a range of interest-free and interest bearing finance options to help you spread the cost of your purchase over 6-12 months. The value of the loan needs to be over £350 and you can choose a deposit of up to 50% of the value of the goods.

Use our finance calculator to check the impact of various loan values, terms and interest rates on the total amount you need to pay and the monthly repayments.

Representative examples would be:

0% finance over 6 months
  • Total order value = £600
  • 10% deposit = £60
  • Total amount of credit = £540
  • Duration = 6 months
  • Representative APR = 0%
  • Interest charged = £0
  • 6 monthly payments of = £90
  • Total amount payable = £600
              0% finance over 12 months
  • Total order value = £600
  • 10% deposit = £60
  • Total amount of credit = £540
  • Duration = 12 months
  • Representative APR = 0%
  • Interest charged = £0
  • 12 monthly payments of = £45
  • Total amount payable = £600

FREQUENTLY ASKED QUESTIONS

How do I apply for finance?

Simply complete our online finance application form at checkout, then carefully read the agreement and related information. If you are happy to proceed, you can sign the agreement online and click a button to send it to the finance company for an instant decision. If you are approved we'll ask you to pay the deposit online using a credit or debit card. Upon receipt of your deposit payment your order will be authorised.

How long does it take to apply online?

Our online application form typically takes less than 3 minutes to complete. Your application is then instantly sent to the finance company and they will typically respond with their decision in around 10 seconds. Some applications may take longer to process. If for any reason we can't give you an instant decision you will be notified on screen as part of the application process and also by e-mail, with a follow up e-mail as soon as a decision is confirmed.

I've been approved for credit and paid the deposit. What happens next?

The provider will authorise Foster Industrial to process your order. Foster Industrial will then notify the provider when we have delivered your order in full. The finance company will then write to you to confirm the repayment amounts and schedule.

What are the requirements for finance?

You must be over 18 years or older.

In regular full or part time employment (minimum 16 hours per week, unless you are retired or a house person with a spouse in full time employment).

Be a permanent UK resident and able to supply a UK address history for the last 3 years.

You must have a UK bank account capable of accepting Direct Debits.

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 using a credit or debit card.

Why was I declined?

Unfortunately Foster Industrial 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 is often that incorrect information has been entered in the credit application form. Please ensure you carefully enter all required information.

Do I need to pay a deposit?

Yes. If your credit application is accepted, you will be required to pay a deposit online, using a credit or debit card. The amount of the deposit is shown in the credit summary (displayed on the top left hand side of the screen throughout the credit application form) and on the credit agreement itself.

How do I repay the loan?

Your monthly repayments are collected by direct debit.

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 employer's, bank or any other third party.

What about warranty and returns?

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

Can I cancel my credit agreement if I change my mind?

There is a 14-day cooling off period where you can withdraw from the credit agreement after signing your documents. If you want to do this, you need to notify the lender.

A payment plan does not affect our standard refund and returns policy. Just contact us and we’ll cancel your application and the lender will refund your deposit and let you know of any outstanding balance if applicable.

For any other questions contact us.

How do I ask a question about the Credit Agreement?

If you have a question, require further information or if there is anything you do not understand regarding the credit agreement, please call Close Brothers Retail Finance on 0844 880 6542.

ABOUT THE LENDER:

Finance is provided through the Deko platform by a number of lenders. You will be offered the best rate available based on your credit history and the lenders’ credit decision policies.

Deko is a trading name of Pay4Later Ltd who act as a credit intermediary. They are registered in England and Wales (company number 06447333) and authorised and regulated by the Financial Conduct Authority (register number 728646). For more information please go to www.dekopay.com/faq or visit www.dekopay.com.