Finance Information & Options – AET Turbos
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Finance Information & Options

Thinking of choosing finance?

Finance is a great way to spread the cost of your purchase. To make it easy we’ve teamed up with Klarna Bank AB Retail Finance whose smart technology lets you apply for and complete the loan application quickly and entirely online.

Simply add the items you love to your basket. Once you are at the checkout select the finance option that suits you from Klarna Bank AB. The quick application form should take no more than a couple of minutes to complete and you’ll receive an instant decision. Easy!

Check your eligibility

You will only be considered for finance if you:

  • Are at least 18 years old
  • You're in paid employment or have a regular income (minimum 16 hours per week or £5,000 per annum, unless you are retired and receiving a private / company pension or in receipt of disability allowance)
  • Are a permanent UK resident and have lived in the UK for at least 3 years.
  • Have a UK bank account capable of accepting Direct Debits
  • Have a good credit history with no late payments, debt relief orders, County Court Judgment (CCJs), Individual Voluntary Arrangement (IVAs) or bankruptcies.
  • Provide an email address so your documentation can be emailed to you.

Our payment plan options

Pay Later

Pay later offers deferred payments for customers who want to buy with the minimum of fuss and pay later at their convenience. There’s no need for the customer to provide lengthy personal details or card numbers to finalize a purchase. Pay later gives customers full control and trust and can be seen as a ‘decide later’ option which lets customers enjoy the purchase and deal with how to pay at a later stage.

Look for this icon at checkout to select Pay Later.

Once you finalise your purchase you will be redirected to this page to complete your payment application.

Pay Later is only available on orders up to £150.

Slice it in 3

With Slice it in 3, Klarna enables customers to split the payment related to the purchase of Merchant’s goods or services into a number of substantially equal payments to Klarna (“Slice It in 3”). The exact number of payments and amounts will be disclosed to the customer at checkout. The first payment is charged to the customer’s credit or debit card entered at checkout. Each subsequent payment is automatically charged by Klarna to the same credit or debit card the customer entered initially.

Look for this icon at checkout to select Slice It.

Once you finalise your purchase you will be redirected to this page to complete your payment application.

Slice it in 3 is only available on orders from £35-£500.

Finance on orders over £280

We offer a range of interest-free and interest bearing finance options to help you spread the cost of your purchase over 12, 24 or 36 months. The value of the loan needs to be over £250 and you can choose a deposit of up to 50% of the value of the goods.

Use our finance calculator on any of the products on site to check the impact of various loan values, terms and interest rates on the total amount you need to pay and the monthly repayments. See for yourself here.

Representative Example for 12 months item value of £954.00

Finance option
12 Months 14.9%                                                       
Deposit
 50%    
Purchase Price
£954.00
Deposit to Pay
£477.00
Amount of Credit
£477.00
Monthly Payments
£42.82
Amount of Interest
£36.86
Number of Monthly Payments
12
Total Amount Payable
£990.86
Rate of Interest (Fixed per annum)
14.9%
APR Representative
0%

 

Your first direct debit payment will be taken about a month after you receive your purchase. This will show on your statement as a payment to your lender. You have the right to repay all or part of the loan early at any time.

 

Select 'Apply for Finance' at checkout and you'll be taken to another screen showing the rates you chose with a link to the application, then complete the application form, which takes just a few minutes to complete.

 

Take a look at our products available with finance and shop now

Finance decision

Your application will be assessed based on eligibility, credit history and affordability and Klarna Bank AB will let you know the outcome in just a few seconds. It’s important to know that when applying for finance a hard credit check is made which is recorded on your credit file.

Once approved, Klarna Bank AB will let you know who the lender is and provide you with their full contact details. You then just need to digitally sign your credit agreement, pay your deposit and wait for your order to arrive.

In a few cases, your application may be referred to a lender for manual assessment and you’ll be notified by email of the credit decision within 24 hours. If you’re not approved for finance it could be for a variety of reasons and the lender will be able to give you more information.

Cancellation

There is a 14-day cooling off period where you can withdraw from the credit agreement after signing your documents. If you wish to do this please contact us (your retailer) directly. We can cancel the application on your behalf. There is no need to contact Klarna Bank AB or your 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.

The legal bit

AET Engineering LTD is authorised and regulated by the Financial Conduct Authority, register number 747432 and act as a credit intermediary.

Finance is provided through the Klarna Bank AB 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.

Close Brothers 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.klarna.com/uk/