Finance

Goods Price

* Uses £5 increments only, to be used as a guide

£7000

Deposit

10%

Finance Offers	Payments	Duration	Interest Rate	Deposit	Cost Of Credit	Total Repayable
12 Months Interest Free Credit at 0% APR	£ P/M	Months	% APR	£	£	£
24 Months Low Rate Credit at 9.9% APR	£ P/M	Months	% APR	£	£	£

Logic4training is able to offer finance through our partner arrangement with Deko (see examples below).

This is a great way to spread the cost of training over a timeframe to suit you, at a competitive rate or even Interest Free, plus you can repay some or all of your loan at any time without any early repayment charge. The advantages of using the finance offered by Logic4training would be:

Spreads the cost
Secure easy application process either online or in our Northolt centre
Simple monthly payments by Direct Debit
Applications processed quickly with an instant decision
No forms to sign
Minimum booking value eligible for finance is £550 + vat

Available finance options from Logic4training

12 Months Interest Free Credit at 0% APR
24 Months Low Rate Credit at 9.9% APR

FAQs and Details

Finance is available over 12 or 24 months and is subject to age and credit status.

Example 1

Purchase Price : 2,7000
Deposit : 270.00
Amount Of credit : 2,231
12 Monthly Repayments : 202.50
Total Repayable : 2,430.00
Duration : 12 Months
Rate Of Interest : 0%
0% APR Representative

Example 2

Purchase Price : 4,500.00
Deposit : 450.00
Amount Of credit : 4,050.00
12 Monthly Repayments : 337.50
Total Repayable : 4,050.00
Duration : 12 Months
Rate Of Interest : 0%
0% APR Representative

Example 3

Purchase Price : 4,500.00
Deposit : 450.00
Amount Of credit : 4,050.00
24 Monthly Repayments : 185.92
Total Repayable : 4,461.99
Duration : 24 Months
Rate Of Interest : 9.9%
9.9% APR Representative

Example 4

Purchase Price : 954.00
Deposit : 95.40
Amount Of credit : 858.60
24 Monthly Repayments : 39.41
Total Repayable : 945.81
Duration : 24 Months
Rate Of Interest : 9.9%
9.9% APR Representative

When will I know the decision?

Once you have completed the application the decision is instant
If your application is declined you will have the option of choosing an alternative method of payment.
If you are accepted for finance this offer will last for 90 days. If the agreement is not commenced within that period another application will need to be made.

What interest rate will I pay?

The application will be submitted at the rate you choose but depending on your credit history and your risk rating you may be offered a higher rate. This is determined when you submit the application to the lender, we do not have any influence in this.

When do I pay a deposit?

A deposit is required to confirm the finance agreement.

What is the eligibility criteria to apply for finance?

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 £5,000 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.

Do I need to have any documents with me when I apply?

Yes you will need to have available the following
Proof of identity
Your bank details
Method of payment for the deposit
You may need to have proof of address and/or current utility bill

How do I make repayments?

Repayments are taken by monthly direct debit
The finance agreement starts when you commence the course, either in the centre or as part of the online learning package. The 1st payment will be taken 30 days after the agreement starts

Is there a cooling off period?

Yes. This is a regulated industry and as such there is a 14 day cool off period. If you wish to continue with the course you will need to pay for the course in full using an alternative method. You should be aware of our cancellations policy within our terms and conditions as you may not be able to cancel the course depending on how much notice you give us.

Can I use the finance option to pay for more than one course?

Yes, you can bundle courses together under 1 finance agreement

Company Details

Gas Logic Ltd acts as a credit intermediary and only offers credit products through Deko.

Gas Logic Limited is authorised and regulated by the Financial Conduct Authority (number 648975)

Logic4training is a trading name of Gas Logic Ltd. registered in the UK under Company No.4112853

Deko is a trading name of Pay4Later Ltd who act as a credit intermediary. They are registered in England and Wales (company number 06447333) and authorised and regulated by the Financial Conduct Authority (register number 728646). For more information please go to www.dekopay.com/faq or visit www.dekopay.com. Finance is provided through the Deko platform by a number of lenders. You will be offered the best rate available based on your credit history and our lenders’ credit decision policies.
You will be informed who the lender is at the point the loan is offered and provided with their full contact details.