At dabs.com, we understand that not all our customers are the same and that everyone has different needs, wants different products and of course prefers to pay in a different way.
Because of this, we've put together a range of finance options for those of you who prefer not to pay by credit or debit card. Online finance is the convenient way to get your hands on the technology you want today without breaking the bank! Read on for more information, including specific examples and your questions answered. Please note that we can only offer online finance for consumer (private, non business) customers only. Business customers interested in Business Leasing, should contact our corporate sales team, by emailing - corporate@dabs.com. Please note that online finance is only an option and should you prefer to pay outright you can checkout in the normal way and pay in full by credit card, debit card or via Paypal. Which finance product is right for you? dabs.com currently offers three finance options (detailed in the table below), all of which are available on orders between £250 and £5000. In summary, the key features of these options are: - Buy NOW Pay in 12 Months - With the exception of a 10% deposit, you can buy now, then pay nothing further for 12 whole months. What's more, provided you pay the outstanding balance before the BNPL period expires, you will pay no interest! Please note that if your application is successful, an arrangement fee of £45 will also be charged.
- Buy NOW Pay in 6 months - With the exception of a 10% deposit, you can buy now, then pay nothing further for 6 months. What's more, provided you pay the outstanding balance before the BNPL period expires, you will pay no interest! Please note that if your application is successful, an arrangement fee of £35 will also be charged.
- Classic Credit Finance - 36 months Spread the cost of your purchase over 36 months
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| Buy now pay in 12 months | This is a Buy Now Pay Later loan agreement. With the exception of a 10% deposit, you can purchase and enjoy the benefits of any eligible product or combination of products from our portfolio NOW (your total order value must be above £250 to be eligible), then make no further payments for 12 months. Provided you pay the final balance in full before the 12 month BNPL period expires, you will pay no interest! However, should you choose not to settle the outstanding balance in full before the 12 months BNPL period expires, you can simply continue to make your loan repayments on a monthly basis at the interest rate shown on the loan agreement. The example below is for illustration purposes only. | | TYPICAL 29.8% APR variable | | | Cash price | £1000.00 | | | 10% deposit | £100.00 | | Amount of loan | £900.00 | | Total charge for credit | £701.28 | | Total payable (less deposit) | £1601.28 | | Total amount payable | £1701.28 | | 36 monthly repayments of | £44.48 | | Balance payable | £1605.63 | | Arrangement fee | A one off £45 arrangement fee will be charged on all applications that are successful, even if the balance is paid within 12 month BNPL period. | Remember, provided you pay the outstanding balance in full before 12 months has expired, no interest will be charged. Note: When calculating the 10% deposit, the amount you pay may be slightly more than 10% as the figure is adjusted to give rounded loan amounts. Please note: If your application is accepted, an arrangement fee of £45 will be applied. |
| Buy now pay in 6 months | This is a Buy Now Pay Later loan agreement. With the exception of a 10% deposit, you can purchase and enjoy the benefits of any eligible product or combination of products from our portfolio NOW (your total order value must be above £250 to be eligible), then make no further payments for 6 months. Provided you pay the final balance in full before the 6 month BNPL period expires, you will pay no interest! However, should you choose not to settle the outstanding balance in full before the 6 months BNPL period expires, you can simply continue to make your loan repayments on a monthly basis at the interest rate shown on the loan agreement. The example below is for illustration purposes only. | | TYPICAL 29.8% APR variable | | | Cash price | £1000.00 | | | 10% deposit | £100.00 | | Amount of loan | £900.00 | | Total charge for credit | £603.60 | | Balance payable | £1503.60 | | Total amount payable | £1603.60 | | 42 monthly repayments of | £35.80 | | Remaining balance payable | £1503.60 | Remember, provided you pay the outstanding balance in full before 6 months has expired, no interest will be charged.
Note: When calculating the 10% deposit, the amount you pay may be slightly more than 10% as the figure is adjusted to give rounded loan amounts. Please note: If your application is accepted, an arrangement fee of £35 will be applied. |
| Low cost classic finance 36 months | For customers who prefer to opt for a more traditional credit package, low cost classic finance options offer the ideal solution. Classic finance is a no nonsense, straight forward, interest bearing personal loan which allows you to spread the cost of your purchase over 36 equal monthly payments, at a low rate of 19.9% APR. Here’s a typical example, for illustration purposes only, based on a cash price of £1000. | | TYPICAL 19.9% APR variable | | | Cash price | £1000.00 | | 10% deposit | £100.00 | | Amount of loan | £900.00 | | Total charge for credit | £275.40 | | Balance payable | £1175.40 | | Total amount payable | £1275.40 | | 36 monthly repayments of | £32.65 | | Remaining balance payable | £1175.40 | | *Note: When calculating the 10% deposit, the amount you pay may be slightly more than 10% as the figure is adjusted to give rounded loan amounts |
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dabs.com plc are licensed credit brokers. Written terms available on request. Credit is subject to status and available to UK residents aged 18 or over. Finance will be provided by V-12 Holdings Limited trading as v12Finance.com. Registered in England Number 04585692. Registered Office: V-12 Holdings Limited, Unit 20, Neptune Court, Vanguard Way, Cardiff, South Glamorgan, CF24 5PJ. The retailer is dabs.com plc.
Applying for online financeApplying for online finance couldn't be easier or more convenient. Once you've chosen the products you'd like to purchase, simply complete a brief on-line application form accessed via the 'checkout'. Just follow the simple instructions, entering your personal details as required and we'll do the rest. Your questions answered!Here's some of the most commonly asked questions regarding online finance.
- How quickly will my application be processed?
If your online application is received between 9am and 8pm, Monday to Friday (excluding Bank & Public holidays), 9am and 6pm on Saturday, or 10am and 5pm on Sunday then in the majority of cases, you will receive a decision within a matter of minutes. If you submit your application outside of these hours, then you will likely recieve a response the next working day. You will be sent an email to confirm the status of your application as soon as it has been processed.
- Once my application is approved, what happens next?
Within minutes of your application being approved, you'll be sent via email, a link to your credit agreement, which can be easily downloaded. Alternatively, you can request for a printed out, hard copy of your agreement to be posted to you. All agreements are supported with a copy of the terms and conditions. Once downloaded/received, you'll need to read the agreement carefully, then sign and return it to our finance company. Note that products will not be allocated to your order until your completed and signed agreement is returned and received. Shipment of your goods will follow as soon as your agreement has been returned to our finance company (usually on the same day).
- Will you credit score me and if so, what does this mean?
Credit scoring is the process used by financial services companies to evaluate the credit risk of new applicants. This technique will be applied to your application for online finance. Credit scoring works by awarding points for each answer given on the application form such as age, income and occupation, together with information obtained from credit reference agencies. This information allows us to produce consistent decisions, ensuring all our applicants are treated fairly. Credit scoring does not discriminate on the grounds of sex, race, religion, disability or colour.
- If you decline/refuse my application, what is the reason?
In addition to credit scoring, confirmation of your identity, validation of certain application details, existing commitments and information held at the credit reference agencies are all taken into account. Though you will not be provided with a main reason for decline of your application, it is usually based on one, or a combination of the following:
- Your credit score (note that every finance company will score you differently
- Adverse credit reference agency information
- You are considered to be overcommitted
- You are aged under 18
- Your existing account performance with other lenders
- What type of information do credit reference agencies hold about me?
Some of the information is public information, for example electoral roll, County Court Judgements and bankruptcies. Other lenders may also file information about accounts you hold with them for instance this could include your payment history and outstanding balance on these accounts. Any requests for credit, where a credit reference search has been undertaken, will also be filed, although the result of the request is not recorded.
- How do I obtain a copy of this information?
You should send a cheque for £2, made payable to the relevant company, together with details of all addresses at which you have lived over the last 6 years:
Consumer Help Desk
Experian Limited
PO Box 8000
Nottingham
NG1 5GX |
or
| Equifax
Department 1E
PO Box 3001
Glasgow
G81 2DT |
You can also find out more about credit decisions by visiting the above companies' websites: http://www.experian.co.uk/ and http://www.equifax.co.uk/
The above listed agencies will provide details of information relating via these addresses. If you believe that the information is incorrect, you can ask the agency to correct it.
- Who is my finance actually with?
We source the best value finance products from providers who excel in their customer service. Your finance agreement will be with one of the UK's leading finance houses.
- If my application is not successful, can I re-apply?
Yes. We acknowledge that your circumstances change and just because a previous application has been refused, it does not mean that a further request will be automatically turned down. We do suggest however, that you leave at least 6 months between applications.
- Who is eligible to apply for online finance?
To apply for online finance, you must be between the ages of 18 and 75*, work at least 16 hours a week, or be retired with an income. You must also be a resident of the United Kingdom and have lived in the UK for the last three years or more. Unfortunately, online finance cannot be offered to residents of Eire. Homemakers aren't excluded from application under their own names, however the employment details of your spouse will be required in order to process your application.
- Can I request delivery to an address other than my home?
In order to safeguard against fraudulent applications, we regret that we're able only to deliver goods to the home address of the applicant. Saturday morning deliveries can be arranged if this is more convenient for you.
- Can I change my order in part or whole after applying for online finance?
To ensure your chosen products are correctly delivered to you, if you need to change your order in anyway, it will be necessary to cancel your order and re-key it as if it were new. We apologise for any inconvenience this may cause. If you've already received confirmation of approval for online finance via dabs.com, by the time you decide to change your order, then the decision will stand from your original application. If however, you then go on to make subsequent orders funded via online finance, then each will be treated as a new application and will be processed in the normal way.
- Are the goods I’ve ordered set aside for me until the approval process is complete?
Our system is such that goods are allocated to your order only when your completed and signed agreement is received back. This means there's a small chance that the product you ordered may be sold out by the time your agreement is received. To avoid disappointment, we recommend minimising any delay by completing and returning the agreement as soon as you can.
- Why can I not add 'Used Stock' to a finance order?
dabs.com prides itself on being able to source a vast range of products from many suppliers. This means, whatever the demand, we can usually source the product you have ordered. b-grade products are one-offs and therefore should you not be satisfied with them we cannot offer a replacement. You would still have an outstanding finance agreement for goods no longer in your possession.
- What products can I not buy with online finance?
Unfortunately products from the mobile phone, spares and dabs photoservice sections of the website cannot be included in your finance option as these are run by a third party. They may of course offer their own finance option which you could benefit from.
- What if I still need assistance after reading the information in this section?
Simply email our customer services team at finance@dabs.com detailing the nature of your enquiry. A customer services advisor, or a member of our online finance team will get back to you as soon as possible with an answer to your question
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