Finance Plans

Aria offers a number of different finance plans in conjunction with v12finance.com. Finance is available on all purchases over £300 inc VAT*, and features an instant decision and no paperwork.

Once you have familiarised yourself with the finance options available and would like to make a purchase using V12 Finance, simply continue to shop online, select the Finance option when you reach the shopping basket, and then select "apply".

  • Buy Now, Pay Later
    • Very popular low-cost promotional finance, allowing you to buy now and pay up to 12 months later, WITHOUT PAYING ANY INTEREST.
    • Typical deferred periods available; 6, 9 and 12 months.
    • Typical APR 29.8% - if you do not settle in the deferred period.
    • Costs spread over 42, 39, or 36 months.

V12Applying for finance only takes a few minutes and your financial approval will be turned round within seconds. Below are some frequently asked questions and some example calculations for the finance plans we offer. If you have any further questions or any comments you would like to make then get in touch with us here.

Overview of available finance options

Name Minimum Loan Term Service Fee Deposit Deferment APR
Buy Now Pay Later (12 Months / 36) £300 36 months £35 10% 12 months 29.8%
Buy Now Pay Later (9 Months / 39) £300 39 months £30 10% 9 months 29.8%
Buy Now Pay Later (6 Months / 42) £300 42 months £25 10% 6 months 29.8%

NB: A service charge may be applied for some products.

Buy Now Pay Later (6 Months / 42) - Representative example of finance

A hassle free personal loan at a rate of interest set at 29.8% over a 42 month period allowing you to spread the cost of the purchase over 42 equal monthly payments. The repayments will be deferred by 6 months. Should you wish to pay the balance off in full within the deferred period then you will not be charged any interest on the balance.

Here is a representative example based on a purchase of £450:
Sale Price (inc VAT) £450.00
Less 10% Deposit* - £45.00(2dp)*
 

Amount that you wish to borrow £405.00
Interest/Total Charge for Credit £265.88
 

Total Amount Payable Against Loan £635.88
V12 Finance Service Fee £25
   
by 42 Monthly Repayments of £15.14
Annual Percentage Rate (APR) 29.8%
Total Amount Paid at End of Agreement
(Balance Payable + Deposit + Service Fee)
£635.88 + £45.00 + £25.00 = £705.88

* The 10% deposit may be altered to secure a more rounded loan amount. This may mean that the 10% deposit could be altered to slightly more or less than 10% of the initial purchase.

FAQ

1- How quickly will my application be processed?

If your online application is received between 9am and 11pm, in most cases you will know immediately if your application has been accepted or declined. However, credit applications can be referred and if this is the case you will be notified as soon as a decision has been reached.

2- If my application is accepted, what happens next?

If your application for credit is accepted you must eSign the credit agreement to complete your order. Your order will be despatched to you once V12 Finance has confirmed that your agreement has been eSigned, which only takes a few minutes.

3- What is Credit Scoring?

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.

4- If I have been refused credit can I apply again?

We acknowledge that your circumstances change and just because we have refused a previous application, it does not mean that we will automatically turn down a further request. We do suggest, however, that you leave at least 6 months between applications.

5- Who is my financial agreement with?

Aria Technology Ltd work via V12 Finance Ltd. Your financial agreement will be with V12 Finance Ltd.

6- Who is eligible for finance with Aria?

To apply for finance with Aria Technology Ltd, you must be over 18, and you or your partner must 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 past three years or more. Unfortunately, we are unable to offer online finance to residents of Eire.

7- Why has my application been declined?

In addition to credit scoring, we also take into account confirmation of your identity, validation of certain application details, existing commitments and information held at the credit reference agencies. Although we are unable to provide you with a reason if your application is declined, it is usually based on one or more of the following reasons:

  • Adverse credit reference agency information
  • Your credit score (note that every finance company will score you differently)
  • You are aged under 18
  • You are considered to be overcommitted
  • Poor account performance with other lenders

8- What type of information do credit 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.

9- Can I obtain a copy of information credit agencies hold about me?

For a small fee, you can obtain this information the relevant agencies. Useful addresses:

Call Credit Group Limited
One Park Lane,
Leeds,
West Yorkshire,
LS3 1EP

Consumer Help Desk
Experian Limited
PO Box 8000
Nottingham
NG1 5GX

Equifax
Department 1E
PO Box 3001
Glasgow
G81 2DT

You can also visit the companies websites to find out more about credit decisions:

http://www.callcredit.co.uk/, http://www.experian.co.uk and http://www.equifax.co.uk

10- Can I have my order delivered to somewhere other than my home address?

In order to safeguard applications, orders that are being paid for by credit can only be delivered to your home address. Once the finance agreement has been approved, and a delivery address confirmed, it cannot be changed.

* Subject to status. Terms and conditions apply.