DJ equipment on finance
We offer 0% finance (interest free credit) on orders all orders above £500, allowing you to spread the cost of your new DJ equipment purchase rather than paying in full upfront.
Novuna 0% Finance
0% finance with Novuna (part of Hitachi) is available on orders over £500 and is a fixed term loan agreement allowing you to spread payments over a 6~48 month term. You can choose to pay an upfront deposit between 10% and 50%, which in turn will adjust the value of monthly repayments. The more you spend, the longer term the finance can be spread over. The terms available for 0% finance are:
Order on finance online
Applying is an easy process. Simply order as usual (if you are unfamiliar with online ordering please read our FAQ), and at checkout, if your order is £500 or over, the Finance option will show. Select "Finance" and you will be diverted to the finance application which only takes a moment to complete. The maximum loan amount with Novuna is £25k. You can order any single item or combination of items (DJ Controllers, speakers, headphones, cases, etc) on 0% finance, providing your order is over £500.
How to apply?
You can apply quickly and easily in-store or over the phone by calling 0121 224 7650 / 7655. We will e-mail you a link to the finance application you can then complete. This takes only a few moments and decisions are usually returned within a few moments.
FREQUENTLY ASKED QUESTIONS
How Much can I order on finance?
The minimum order to apply for finance is £500.
Do I need to pay a deposit?
You'll need to be able to pay a minimum of 10% deposit toward your order. You can pay more if you'd like (upto 50% max).
How do I make the monthly payments?
After the initial deposit (paid by a credit or debit card in the name of the person making the application), your monthly payments will be made by direct debit from your personal bank account. The first payment will usually be taken one month after the date of the completed application, and then all subsequent repayments will be taken by direct debit on a monthly basis for the term of your agreement.
What can I buy on Finance?
We offer finance on all NEW products on our website priced at £500 or more, including DJ equipment, PA gear, studio equipment - in other words, everything we sell.
How Do I Apply?
You can apply online or over the phone on 0121 224 7650 / 7655 (we'll email you a link to the application).
Please remember to bring your bank details, a form of photographic ID (Valid Passport or Driver's license with paper counterpart), recent proof of current address (either a bank statement or utility bill from the last 6 weeks). Please ensure your ID is valid and in date, as we can't process an application without it.
Can I order with finance online?
Yes you can. Add your purchases to the basket and checkout as normal. When you get to the payment option stage, just select 'finance' as the payment options and then follow the on screen instructions. Alternatively please call us or send us an e-mail with a list of what you'd like to order along with your phone number, and we'll give you a call back.
Can I Pay Off My Loan Early?
You are entitled to pay off your finance agreement early. You'll need to contact the finance company via the details provided on your agreement. They'll provide you with a settlement figure and information on how to settle the agreement.
Do I qualify?
In order to apply, you must be:
1) At least 18 years old
2) A permanent UK resident (minimum of 12 months)
3) Either in:
a. Regular Employment (16 hours per week)
b. Self employed with proof
c. Retired from regular employment
d. Receiving invalidity disability or mobility allowance
e. House person living with their spouse who is employed
3b) The following are not classed as being permanent paid employment and so would not be eligible for finance:
a. Temporary or Agency workers.
b. Anyone whose main occupation is looking after someone else's children and is not
c. Part of an OFSTED registered business (e.g.grandparent, friend, neighbour).
d. Foster carers with no other permanent paid employment.
e. Students unless they are student nurses or student doctors.
f. Supply teachers unless they have a fixed term contract with a specific named school.
4 Be able to provide acceptable proof of address and proof of signature;
5 Make payments by direct debit
6 Be purchasing the Product for personal not business use.
We can not offer finance if you are unemployed.
Your application will be assessed based on eligibility, credit history and affordability and Novuna will let you know the outcome in just a few seconds. A "hard" credit check is made which is recorded on your credit file. Once approved, Novuna will let you know who the lender is and provide you with their contact details. You then just need to digitally sign your credit agreement, pay your deposit and wait for your order to arrive. We were previously with Klarna but now work principally with Novuna.
In some cases, your application may be referred to the lender for manual assessment and you'll be notified by email of the 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. Your first direct debit payment will be taken around a month after you receive your order. This will show on your statement as a payment to the lender. You have the right to repay all or part of the loan early at any time.
There is a 14-day cooling off period during which you can withdraw from the credit agreement. If you wish to cancel, please contact us, we will cancel the application, arrange for return of the goods, the lender will refund your deposit and let you know of any outstanding balance if applicable.
The Legal Bit
Alexander Michael LTD (T/A DJ Tech Direct) is authorised and regulated by the Financial Conduct Authority (FCA), register number #613316. We can only offer finance on new and some ex demo items (but not on used items taken in part exchange from customers).
Finance is provided via Novuna, a trading style of Mitsubishi HC Capital UK PLC Authorised and regulated by the Financial Conduct Authority. Financial Services Register no. 704348.Registered Office: Novuna House, Thorpe Road, Staines-upon-Thames, Surrey, TW18 3HP. Registered in Cardiff under company no. 1630491. To read more, please visit https://www.novunapersonalfinance.co.uk/faqs/