Finance – Terms and Conditions

Payment on Finance

Finance is subject to status, conditions apply.

Credit is provided by Hitachi Personal Finance, a division of Hitachi Capital (UK) PLC Authorised and Regulated by the Financial Conduct Authority.

Terms & Conditions
• Finance is subject to status and available only to persons aged 18 or over.
• Minimum purchase level is £200.00 on all eligible products.
• Minimum duration of finance agreement is 6 months.
• Full written details are available on request.

Qualifying spend thresholds and duration of finance term are listed below

PARTS AND ACCESSORIES

Minimum Spend: £250 | Term: 6 MONTHS @ 0% APR Fixed

CYCLES

Minimum Spend: £250 | Term: 6 MONTHS @ 0% APR Fixed

Minimum Spend: £500 | Term: 12 MONTHS @ 7.9% APR Fixed

Minimum Spend: £1500 | Term: 24 MONTHS @ 9.9% APR Fixed

Minimum Spend: £2000 | Term: 24 MONTHS @ 9.9% APR Fixed

Minimum Spend: £3000 | Term: 36 MONTHS @ 12.9% APR Fixed

Representative Examples

Term duration RRP £ -10% Deposit Balance to Finance Finance Cost Monthly Payment Representative APR Total amount repayable  
6 months £250.00 £25.00 £225.00 £0.00 £37.50 0% £225.00
6 months £500.00 £50.00 £450.00 £0.00 £75.00 0% £450.00
6 months £750.00 £75.00 £675.00 £0.00 £112.50 0% £675.00
6 months £1,000.00 £100.00 £900.00 £0.00 £150.00 0% £900.00
12 months £500.00 £50.00 £450.00 £19.49 £39.12 7.9% £469.49
12 months £1,000.00 £100.00 £900.00 £38.98 £78.25 7.9% £938.98
12 months £1,500.00 £150.00 £1,350.00 £58.46 £117.37 7.9% £1,408.46
12 months £2,000.00 £200.00 £1,800.00 £77.95 £156.50 7.9% £1,877.95
24 months £2,000.00 £200.00 £1,800.00 £191.47 £82.98 9.9% £1,991.47
24 months £2,500.00 £250.00 £2,250.00 £239.33 £103.72 9.9% £2,489.33
24 months £3,000.00 £300.00 £2,700.00 £287.20 £124.47 9.9% £2,987.20
24 months £5,000.00 £500.00 £4,500.00 £478.67 £207.44 9.9% £4,978.67
36 months £3,000.00 £300.00 £2,700.00 £570.37 £90.84 12.9% £3,270.37
36 months £3,500.00 £350.00 £3,150.00 £665.43 £105.98 12.9% £3,815.43
36 months £4,000.00 £400.00 £3,600.00 £760.50 £121.12 12.9% £4,360.50
36 months £5,000.00 £500.00 £4,500.00 £950.62 £151.41 12.9% £5,450.62

Please note:

  • Interest Free Credit is ONLY available on selected dates and selected products.
  • Interest Free and Interest bearing Credit is subject to status.
  • Our trained staff will help complete your finance application by telephone prior to checkout.
  • Call our finance team on 01724 781634 before checkout to process the application and pay the deposit. This will take approximately 20 minutes and will include a Credit Check.
  • An employer reference check may also be required.
  • No order or contract exists and no goods will be dispatched until these checks are made and your credit agreement is confirmed.
  • A failed application for finance may affect your credit status.
  • Duration of Credit is dependent upon spend level and is non-negotiable.
  • Finance terms and conditions online may differ from those offered in store. Please contact us before making a visit to ensure that the items you require are eligible for credit.

Paragon Cycles is pleased to offer you the option of paying for your shopping in easy to manage instalments, including an option which is completely interest free.

Unless expressly stated, products are not sold with interest free credit – check in store for applicable finance packages.

To take advantage of our finance as a payment method you must fulfill the following criteria:

  • Have all items that you order delivered to your current home address.
  • Spend over the qualifying threshold as detailed below in a single transaction on eligible products.
  • Be over 18 years of age and a UK resident.
  • Be able to repay the interest free or interest bearing loan in regular instalments by Direct Debit.

How to Pay using the finance facility:

  1. Choose your goods you’ll see a tick and Finance available on the checkout page if the item is eligible for Payment on Finance.
  2. Simply select the finance option at Checkout and call the number to speak with our advisors and process the finance application. If you make a mistake, do not worry, you are able to review all your entries, together with the items you have ordered and amend them before you submit your application. NOTE: Your order hasn’t yet been accepted. Your application for Credit has not yet been approved.
  3. You will be given an in principle decision over the phone and will need to sign a digital copy of the agreement before completion at checkout. Your order will either be approved, referred or declined. Sometimes we may need additional information before your order can be approved. If your status shows as referred, further checks will be carried out before your order can be accepted.
  4. You must ensure that you provide a week day, daytime telephone number during your order so that we can contact you to discuss the loan arrangement if necessary.

Illustrations: 0% APR REPRESENTATIVE

Spend £700
Order value £700
Deposit: £100 (minimum 10% required)
Balance to be paid on finance: £600
First Monthly Payment £100
Followed by 5 monthly payments of £100
Total Monthly Payments £600

Spend £1000
Order value £1000
Deposit: £100
Balance to be paid on finance: £900
First Monthly Payment £75.00
Followed by 11 monthly payments of £75.00
Total Monthly Payments £900

Please be aware that your order remains on hold until the cancellation period has expired.

 

Paragon Cycles are part of Birkdale Manufacturing Group Ltd and as such are authorised and regulated by the Financial Conduct Authority, and acts as a Credit Broker. Finance is provided by Hitachi Personal Finance, a division of Hitachi Capital (UK) PLC, authorised and regulated by the Financial Conduct Authority.

Official Company Information

Company Name:                     Birkdale Manufacturing Group Ltd.

Registered Head Office:         Unit 5, Eastgate Park,
Arkwright Way,
Scunthorpe,
North Lincolnshire.
DN16 1AE

Registered Company Number in England and Wales: 07241206

VAT number: GB990068892

Approval is subject to status, conditions apply.
Credit is provided by Hitachi Consumer Finance, a trading style of Hitachi Capital (UK) PLC who are authorised and regulated by the Financial Conduct Authority.