Retail finance for home improvement businesses
Did you know that 55% of home improvement retail customers wouldn’t have bought if they couldn’t pay with finance, and 40% of customers said that they spent more because finance was available?
Now more than ever, the decision to make costly home improvements is a big one for your customers. But what can they do if they can’t afford what they want or need?
Retail finance could be the answer. Our point of sale credit options allow customers to pay for their home improvements over time, helping you to boost sales, increase order values and stay competitive in a crowded market.
Help your customers turn their house into a home
Home improvement projects can cost thousands of pounds and paying for it all upfront can be a challenge. Your customers might not have the cash ready to go, and they might not want to wait to save up. Offer finance options at the checkout to help them spread the cost of their next big project, whether they're taking on DIY improvements or buying a new boiler.
Retail finance to write home about
A person’s home is their castle – your business is yours. By offering flexible ways to pay, you can attract more shoppers and increase sales. A win-win for both you and your customers.
Engage new and existing shoppers
Bring new customers to your door and encourage existing ones to return by offering the option to spread the cost. For ‘on the fence’ customers, parting with a large amount of cash upfront can seem daunting. Paying in instalments could seem much more manageable. Give customers a reason to buy with you sooner and avoid those abandoned baskets.
Drive sales and boost your profits
We know that offering finance encourages customers to checkout with confidence, but it can increase the amount they spend with your business too. Make the most of every opportunity with our soft search functionality, tailoring options and max loan technology. Secure sales – and then some.
"I was able to recarpet more rooms thanks to finance"
Karen was originally planning to buy new carpets outright. But, when she found out finance was available through Novuna, she decided she could recarpet more rooms than she’d originally planned as she could spread the cost over time rather than having to pay the full amount upfront.
“I completed the application in-store with help from a member of staff and their manager, who were extremely helpful. Finance was very easy to arrange. I had a prompt email receipt and confirmation of my Direct Debit collection date and amount. All round the service was both easy and excellent.”
Karen - Novuna Consumer Finance Customer
Our home improvement finance solutions
We offer a range of POS finance solutions so you can choose the best fit for your business.
Interest free finance
Give customers a free way to spread the cost of their purchase, making finance even more desirable.
Interest bearing credit
Repaying in fixed-rate monthly instalments over a longer term can make the cost of a large purchase more manageable.
Buy now pay later
Secure your customer now by giving them the option to pay for their home improvements later down the line.
Make yourself at home with Novuna Consumer Finance
We’re one of the UK’s leading home improvement finance companies. We know how your industry works and what makes your customers tick. That’s why our finance solutions, designed specifically for retailers, are loved by over 3,000 household brands.
Here's what our partners say...
“We know our customers appreciate choice whether it’s product breadth, different installation services or a variety of ways to pay, it’s important to offer flexibility. By partnering with Novuna, we are providing our customers with just that - enabling the option to spread the cost of a kitchen designed especially for them.”
Paul Owen, Director of Store Operations at Magnet
Start offering retail finance for home improvements
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 OR £50,000 in finance in the last year
- 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), dentistry, invasive healthcare, clothing, personal development or training solutions
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 - 17:00 Monday to Friday
Closed Weekends & Bank Holidays