Finance Terms and Conditions
Spreading the cost of your purchase has never been easier with MDL Powerup Ltd. You can select from one or more finance options once the application is in progress, to spread the cost of orders over £1000.
Let us know what you’d like to buy on finance and we’ll give you a breakdown of the costs and an overview of how the application process works.
Feel free to contact us on 01228 712121 or email info@mdlpowerup.com
Start the application process here
Thinking of choosing finance?
Finance is a great way to spread the cost of your purchase. To make it easy, we’ve teamed up with Kanda.
Simply complete the contact form, and we will start the process. You will then be contacted by Kanda via email to complete the application.
Check your eligibility
You will only be considered for finance if you:
• Are at least 18 years old
• You’re in paid employment or have a regular income (minimum 16 hours per week or £6,000 per annum, unless you are retired and receiving a private / company pension or in receipt of disability allowance)
• Are a permanent UK resident and have lived in the UK for at least 3 years
• Have a UK bank account capable of accepting Direct Debits
• Have a good credit history with no; late payments; debt relief orders; County Court Judgment (CCJs); Individual Voluntary Arrangement (IVAs) or bankruptcies
• Provide an email address so your documentation can be emailed to you
Our payment plan options
We offer a range of interest-free and interest-bearing finance options to help you spread the cost of your purchase. The value of the loan needs to be over £1000 and below £25000 and you can choose a deposit of up to 50% of the value of the goods.
Please note, not all products are eligible for credit, and we reserve the right to withdraw any offer at any time for any reason before proceeding with any application or introduction.
Finance decision
Your application will be assessed based on eligibility, credit history and affordability with Kanda advising you of the outcome (via email). It’s important to know that when applying for finance a hard credit check is made which will be recorded on your credit file.
If approved for finance, Kanda will let you know who your lender is and provide you with their full contact details and information. You then just need to digitally sign your credit agreement, pay your deposit and wait for your order to arrive.
In a few cases, your application may be referred to a lender for manual assessment and you’ll be notified by email of the credit 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.
Repaying the loan
Your first direct debit payment will be taken about a month after you receive your purchase. This will show on your statement as a payment to your lender. You have the right to repay all or part of the loan early at any time.
For any other questions contact us on telephone or email.
Legal Information
MDL Powerup Ltd is an Introducer Appointed Representative of Kanda. Kanda is a trading style of Kanda Products & Services Ltd, Forward House, 17 High Street, Henley-in-Arden, B95 5AA, registered in England (11330964), authorised and regulated by the Financial Conduct Authority (firm reference number 920795). Kanda is acting as a credit broker offering finance products from a panel of lenders Credit is subject to status.