Bike Finance
Spread the cost of your new bike or basket of products, when you spend £250 and over, with our competitive finance packages. Choose one of the monthly finance plans from Novuna Personal Finance. You can apply for finance at the payment stage of the checkout process..
Option 1 - Interest Free Credit
0% APR Representative
Available On Selected Bikes Only
Choose our Interest Free Credit option, and spread the cost of your bike over a period of up to 24 months with no extra costs.
See representative example opposite.
Who Can Apply For Finance
To apply for online finance, you must be over the age of 18, work at least 16 hours a week, or be retired with an income. You must also be a resident of the United Kingdom and have lived in the UK for the last 12 months or more.
Unfortunately, we are unable to offer online finance to residents of Eire. Homemakers aren't excluded from applying under their own names; however the employment details of your spouse / partner will be required in order to process your application.
Frequently Asked Questions
Answers to frequently asked questions about finance can be found here.
| Representative Example | |
|---|---|
| Total amount payable | £1,500 |
| Item value (Cash price) | £1,500 |
| Deposit | £150 |
| Total amount of credit | £1,350 |
| Agreement duration | 12 Months |
| Annual rate of interest | 0% P.A Fixed |
| Representative APR | 0% APR |
| 12 monthly payments | £112.50 |
Merlin Cycles Limited acts as a credit broker and not the lender. Credit is subject to application and status.
Option 2 - Buy Now Pay Later
19.9% APR Representative
Available on baskets over £250
With our Buy Now Pay Later finance option, you can place your order today and pay nothing for 12 months when you spend over £250.
You can choose to pay in full by the end of the 12 months and simply pay a £29 settlement fee (no interest to pay), or alternatively you can spread the cost and pay monthly. See representative example opposite.
Who Can Apply For Finance
To apply for online finance, you must be over the age of 18, work at least 16 hours a week, or be retired with an income. You must also be a resident of the United Kingdom and have lived in the UK for the last 12 months or more.
Unfortunately, we are unable to offer online finance to residents of Eire. Homemakers aren't excluded from applying under their own names; however the employment details of your spouse / partner will be required in order to process your application.
Frequently Asked Questions
Answers to frequently asked questions about finance can be found here.
| Representative Example | |
|---|---|
| Total amount payable | £2,233.68 |
| Item value (Cash price) | £1,500 |
| Deposit | £150 |
| Total amount of credit | £1,350 |
| Deferral Period | 12 Months |
| Agreement duration | 36 Months |
| Annual rate of interest | 19.9% P.A Fixed |
| Representative APR | 19.9% APR |
| 36 monthly payments | £57.88 |
Merlin Cycles Limited acts as a credit broker and not the lender. Credit is subject to application and status.
N.B. If you choose to spread the cost and pay monthly, interest is charged from the start of the loan, not from the start of the repayment period.
Option 3 - Pay Monthly Finance
9.9% APR Representative
Available on baskets over £250 (£300 for 48 month option)
Our classic finance options, allows you to spread the cost of your products over a period of up to 48 months.
See representative example opposite.
Who Can Apply For Finance
To apply for online finance, you must be over the age of 18, work at least 16 hours a week, or be retired with an income. You must also be a resident of the United Kingdom and have lived in the UK for the last 12 months or more.
Unfortunately, we are unable to offer online finance to residents of Eire. Homemakers aren't excluded from applying under their own names; however the employment details of your spouse / partner will be required in order to process your application.
Frequently Asked Questions
Answers to frequently asked questions about finance can be found here.
| Representative Example | |
|---|---|
| Total amount payable | £1,637.52 |
| Item value (Cash price) | £1,500 |
| Deposit | £150 |
| Total amount of credit | £1,350 |
| Agreement duration | 24 Months |
| Annual rate of interest | 9.9% P.A Fixed |
| Representative APR | 9.9% APR |
| 24 monthly payments | £61.98 |
Merlin Cycles Limited acts as a credit broker and not the lender. Credit is subject to application and status.
What is PayPal Credit?
PayPal Credit is like a credit card, without the plastic. It's a credit limit that's attached to your PayPal account which you can use for your online purchases.
Affordability
As with all forms of credit, it is important that you think about whether you can afford the monthly repayments before you enter into a credit agreement.
0% for 4 Months Offer
The 0% for 4 months offer is available on orders of £99.00 or more. No interest will be charged on the transaction for 4 months after purchase, but there will still be a minimum monthly amount you will need to repay, and you will be charged interest on any remaining balance at 21.9% p.a. (variable). If you fail to make minimum repayments on time or in certain other circumstances, PayPal may remove your offer. Please see the Credit Agreement for more details.
How do I apply?
Applying for PayPal Credit is easy. Click on the PayPal Credit button on our basket or checkout pages, login to PayPal or create an account, then complete the short application form and, if approved and once you accept the Credit Agreement, you'll have a credit limit linked to your PayPal account almost straight away.
Do I need to reapply if I already have PayPal Credit?
If you already have PayPal Credit, you can take advantage of these offers without having to reapply as long as you have enough available credit limit. Just select one of the available instalment offers and check out with PayPal Credit.
Do I need to have a PayPal account?
Yes, however you can create one as part of the application process for PayPal Credit. The first stage of the process will ask you to sign into your PayPal account or offer you the opportunity to sign up for one. Once you’ve signed up for a PayPal account, you can begin the application for PayPal Credit.
Signing up for a PayPal account is free and easy; all you need to do is provide your email address, create a password and accept PayPal's User Agreement.
I do not see PayPal Credit as a payment option?
PayPal Credit is only available to Merlin Cycles customers within the United Kingdom. For PayPal Credit to show as a payment option, you will need to ensure that you have a minimum spend of £99 in your shopping basket.
What do I do if I am unsuccessful in applying for PayPal Credit?
If you have been declined for PayPal Credit, PayPal will send you more information about why your application was unsuccessful. Alternate methods of payment are available.
What is the cost of PayPal Credit outside of any offers?
The Representative Example below shows the typical costs of using a PayPal Credit limit, not including instalments or other offers.
Representative Example:
- Purchase rate 21.9% p.a. (variable)
- Representative 21.9% APR (variable)
- Assumed Credit Limit £1,200
More Information
For more information on PayPal Credit’s terms and conditions and frequently asked questions, please visit PayPal Credit’s FAQ