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.
“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
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
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
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
Outstanding service from start to finish
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
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