Personal Finance for Training Courses

• 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.

Your application will be assessed based on eligibility, credit history and affordability with Deko advising you of the outcome in just a few seconds (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, Deko 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.

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.

A deposit is required to confirm the finance agreement. This has to be a minimum of 10% up to a maximum of 50% value.

As one of the criteria being assessed as part of the loan application is affordability, our experience is the more you are able to put down as a deposit the more likely you are to be accepted for the 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 £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.

• 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

• Repayments are taken by monthly direct debit
• The finance agreement starts when you commence the course (fulfilment date), either in the centre or as part of the online learning package. The 1st payment will be taken 14 days after the agreement starts
• You have the right to repay all or part of the loan early at any time without any penalties

Yes. This is a regulated industry and as such there is a 14 day cool off period where you can withdraw from the credit agreement after signing your documents. 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.

Yes, you can bundle courses together under 1 finance agreement