Financing Options Offered by Apple Retail UK Limited
This content provides information about the financing options offered by Apple Retail UK Limited for purchasing their products. It explains the role of Apple Retail UK Limited as a credit broker and outlines the eligibility criteria and terms for obtaining a 24-month instalment loan with 0% APR from Barclays Partner Finance.
Role of Apple Retail UK Limited
Apple Retail UK Limited operates as a credit broker rather than a lender. This means that they facilitate the process of obtaining credit for customers, but do not provide the funds themselves.
Eligibility Criteria
In order to make monthly payments, customers can opt for a 24-month instalment loan with 0% APR from Barclays Partner Finance, which is a trading name of Clydesdale Financial Services Limited, a member of the Barclays Group. To be eligible for this financing option, applicants must meet certain criteria. Firstly, they must be at least 18 years old at the time of application. Additionally, they must have been permanent residents in the UK for the past three years, which requires providing three years of UK address history or details of the last three UK addresses. It is also necessary to have a UK bank account from which direct debits can be taken.
Application Process
The application process for this financing option involves submitting an application and undergoing a credit check. The decision on whether the application is approved or not is based on the applicant’s creditworthiness and financial situation. Once approved, the customer can proceed with the purchase and start making monthly payments according to the agreed-upon terms.
Terms and Conditions
It is important to carefully review the full terms and conditions associated with the financing option. These terms outline the responsibilities and obligations of both the customer and the lender. It is advisable to fully understand these terms before entering into any financial agreement.
Conclusion
In conclusion, Apple Retail UK Limited acts as a credit broker, offering customers the option to finance their purchases through Barclays Partner Finance. Eligibility for this financing option is subject to certain criteria, and the application process involves a credit check. It is essential to review and understand the full terms and conditions before proceeding with the financing agreement.
Related link: https://www.apple.com/uk/shop/buy-iphone
