Man sitting on a sofa looking at a laptop

Finance solutions for electrical retailers

Help your customers get their hands on the latest tech sooner with Novuna Consumer Finance. Give them the option to spread the cost, making a big purchase more manageable. Close sales faster, attract new customers and ultimately boost your profits.

A staggering 69% of electrical retail customers would have walked away from a sale if finance hadn’t been available. On top of that, 50% of those customers also felt they spent more because they could pay with finance.

So the question is this… can your business afford not to offer competitive finance options?


Help your customers stay connected

Many of us regularly replace and upgrade computers, televisions and other gadgets as technology evolves and develops. That’s a lot of repeat custom coming your way. But are you ready to offer the payment options customers expect?

Gone are the days of upfronting hundreds or even thousands of pounds in cash every few years. For many, parting with that amount of money just isn’t possible. For others, it’s simply more convenient to spread the cost over time. That’s where retail finance comes in. When you partner with Novuna Consumer Finance, your customers can purchase almost anything using finance, including…

Computers

Home appliances

Televisions

Benefits of electricals finance

In the current world of same day deliveries, your customers are used to getting what they want when they want it. You can make that happen with retail finance, benefiting both your customers and your business.

Outperform your customers’ expectations

Whether you’re looking to attract more customers by making your products more accessible, or aiming to re-engage and retain existing customers, retail finance can help.

Read our guide to find out why so many customers take advantage of finance when funding their electricals.

Boost your sales

If a customer wants to make a purchase but doesn’t quite have the funds ready to go, they’re going to abandon that basket and walk away. But you can make sure that doesn’t happen.

Our retail finance solutions allow them to buy now and pay over time, helping you to turn browsers into buyers.

PCSpecialist branded speakers

“Finance is a great way to engage and convert new customers.”

We’ve been working with leading computer equipment provider, PCSpecialist, for over 15 years. Our buy now pay later finance option allows customers to purchase equipment straight away and defer payment for up to a year. This not only attracts new customers, but also persuades existing customers to spend more on the high-end device they really have their eye on.

Flexible finance solutions for savvy consumers

We offer three main POS credit solutions to give you and your customers greater choice and flexibility.

Interest free finance

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With 0% finance, you can allow customers to repay in equal monthly instalments spread over a pre-agreed timeframe. No catch, no interest charges.

Interest bearing credit

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Customers will be charged interest when spreading the cost over time. Typically they will be able to borrow for longer too – which can be a great option for pricier purchases.

Buy now pay later

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Customers can defer payment and then spread the cost of their purchase, plus interest, over a specified period. If they settle in full before the end of the non-payment period, there’s no interest to pay (though an early settlement fee may apply).

Here's what our partners say

“Novuna Consumer Finance was a frontrunner, from the very beginning of our search. Not only did they offer the support we were looking for in terms of increasing our sales, but they also had a system in place that was simple for our retailers on the shop floor to interact and transact with.

“Overall the level of service we receive is exceptional. Our account manager has been supportive at every level. As a result of the service we receive we no longer use the other providers we had as part of our portfolio. Novuna Consumer Finance is now our sole provider.”

Matt Sheldrake, RETRA

Why choose Novuna Consumer Finance?

Deciding to offer retail finance is just one piece of the puzzle. You also need to find a retail finance provider who understands you and your business. Here are just some of the reasons why we’re one of the UK’s most reputable and recognisable consumer finance providers...

Technology is our thing, too

  • Our easy-to-use online application form can be completed in-store or online in minutes

  • We’ll give customers an instant decision on their application, with the option to e-sign to make everything swift and simple

  • Seamless integration with your ePos or POS system

  • Soft search functionality allows customers to see their eligibility with 100% accuracy – with no impact on their credit score

  • Tailoring options turn potential declines into accepts, allowing customers to change their loan amount, term or deposit to make finance more affordable

  • Our max loan feature tells you whether your customer is eligible to take out more finance, providing your team with an ideal upsell opportunity

Outstanding service from start to finish

  • 91% of our customers in the past 12 months have rated us 5*

  • Work with a reputable finance provider with over 40 years of experience in the market. Customers know who we are and put their trust in us

  • Comprehensive onboarding process to help get you set up, complete with e-learning training and a demo environment

  • Competitive finance packages, with full transparency around our pricing structures and accept rates

  • Award-winning support for your customers, with the option to manage their account 24/7 online or via our app

  • Ongoing support from your dedicated Relationship Manager, plus in-house compliance teams and marketing specialists available to provide additional guidance


Power up your sales performance with retail finance

If you would like to enquire about becoming a retail partner, please complete the short form, and one of our team will be back to you within three business days.

You will need to confirm you can meet all of the following criteria:

  • Minimum of £2,000,000 in annual sales turnover
  • A minimum of 2 years trading history
  • Be trading profitably
  • A minimum net worth of £25,000, unless your business is within the Home Improvements market then a minimum of £100,000 will be required
  • The products you offer are for consumers and NOT for businesses
  • You do not offer renewable energy (including solar)

Retail Partner helpline

If you are an existing retail partner with a general enquiry, please call our Retail Helpline:

0344 375 5515

Retail Helpline opening hours:
08:45 - 18:00 Monday to Friday
08:45 - 18:00 Saturday
10:00 - 18:00 Sunday

Customer helpline

If you're a customer looking to speak to someone about your existing retail finance or personal loan agreement, call our Customer Helpline:

0344 375 5500

Customer Helpline opening hours:
09:00 - 18:00 Monday to Friday
Closed Weekends & Bank Holidays