What you need to know
Used responsibly, finance is a great way to spread the cost of your purchase. We’ve teamed up with Deko, whose secure technology lets you complete a loan application with one or more carefully selected lenders quickly and easily. Deko is a credit broker, not a lender and is authorised and regulated by the Financial Conduct Authority. Find out more about how Cuckooland and Deko are regulated. under the “Legal Information” section of this page. You can find out more about Deko here
Deko connects you with lenders whose finance options are best suited for you and your purchase. As a customer of Cuckooland your finance application will be considered by Omni Capital.
To spread the cost of your purchase, simply choose Deko at the checkout and select the finance option that suits you. The application form is quick and simple and includes help text throughout to assist you. You will receive a decision from your lender in just a few seconds.
Please be aware that finance options are a form of credit. If you fail to maintain your payments, your lender could ask a debt collector to contact you or commence legal action to recover the money you owe. A poor repayment record will affect your credit file.
Lender arrangements
All of Deko’s lenders hold the required authorisation and permissions to provide you with credit. They need to meet high responsible lending standards, so you can rest assured that your application will be considered fairly and responsibly.
Whichever lender Deko introduces you to, Deko may receive a commission from them (either a fixed fee or a fixed percentage of the amount you borrow). The lenders Deko works with pay commission at different rates, but the commission received does not influence the interest rate you pay. You will be offered the best rate available from Deko’s partner lenders, based on the lenders’ decision policies. You have the right to know the amount of commission paid in relation to your application - if you’d like this, you can ask Deko’s customer support team on support@dekopay.com or by phone on 0800 294 5891.
Check your eligibility
To be considered for finance, you will need to meet all of the following criteria:
- Are at least 18 years old
- You have a gross annual income of £200 per week
- 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
- A valid debit or credit card in order to pay the deposit amount
- Have a credit history with no recent defaults or late payments
- Have no active debt relief orders, County Court Judgements (CCJs), Individual Voluntary Agreement (IVA) or bankruptcies)
Available finance options
We offer a range of interest-free and interest-bearing finance options to help you spread the cost of your purchase over 6 to 60 months . The value of the loan needs to be over £600 and no more than £15,000 and you can choose a deposit of up to 50% of the value of the goods.
Understanding the numbers
Deko wants to make sure that you understand the costs, terms and key features of the finance options available to you. You will see this information as you shop and at checkout.
Use our finance calculator at checkout to see how different loan values, terms and interest rates affect the total amount you need to pay and the monthly repayments. The finance calculator is for illustrative purposes only and is not a quote, or formal offer of finance. The offer you receive if you apply will be dependent on your personal circumstances and the lender’s policies.
It’s important that you understand what this information means for you before you decide to apply for finance. The numbers and information you see when taking out finance can be overwhelming and so Deko has provided a simple guide below to help you.
Here is an example of what you might see at checkout, with some handy explanations to help you understand what it all means. Please note that this is just an example, the format, layout and content of checkout finance calculators may vary.
Whichever finance option you choose to apply for, you need to be sure that you can afford to pay the deposit, and keep up with your monthly repayments. You should think about any changes to your situation that might occur during the term of the loan, which could impact on your finances - e.g. retirement, moving home, changing jobs, or any health issues which could affect your income or expenditure.
Alongside the finance calculator and on some of our promotional banners, you will also see the representative example. This could be written in a sentence, or in a table format as shown in the example below.
The representative example shows the finance information that we expect to apply to more than half of accepted applications for the specific amount and repayment term.
As we mentioned earlier, the representative example is not a quote or formal offer of finance - we display this to help you understand how much a loan will cost, and so you can compare it with other products.
Whilst these numbers are there to help you understand what a loan will cost you, it’s important that you understand any other potential costs in the terms and conditions of the finance option you select. For instance, you may be charged missed or late payment fees if you don’t keep up with your payments.
Use the finance calculator on our product detail page to check the impact of various loan values, terms and interest rates on the total amount you need to pay and the monthly repayments. Representative examples could be based on the below:
Representative Example
0% finance over 12 months
- Total order value = £1000
- 10% deposit = £100
- Total amount of credit = £900
- Duration = 12 months
- Representative APR = 0%
- Interest charged = £0
- 12 monthly payments of = £75
- Total amount payable = £1000
14.9% finance over 24 months
- Total order value = £1199
- 20% deposit = £239.80
- Total amount of credit = £959.20
- Duration = 24 months
- Representative APR = 14.9%
- Interest charged = £145.23
- 24 monthly payments of = £46.02
- Total amount payable = £1344.23
Paying with finance
To spread the cost of your purchase, simply choose Deko at the checkout and select the finance option that suits you. The application form is quick and simple and includes help text throughout to assist you. You will receive a decision from your lender in just a few seconds.
Please be aware that finance options are a form of credit. If you fail to maintain your payments, your lender could ask a debt collector to contact you or commence legal action to recover the money you owe. A poor repayment record will affect your credit file.
