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Pay4Later Finance
Pay4Later As well as debit/credit card and PayPal payments UK Gaming Computers also offer flexible finance packages so you can purchase the system you really want today. Our Finance packages are in association with Pay4Later and Omni Capital Retail Finance LTD which means it's Quick, Easy, Fully automated, can all be done online and best of all you get and instant decision! Own your dream Custom PC now and spread the cost over a time period that suits your budget.

We strongly recommend you read ALL of this information page (including the tips at the bottom of this page) BEFORE making a finance application because if you make a mistake it is most likely that the finance company will decline your application and you will not be able to make another application for another 60 days.

General information

Finance is available to anyone over the age of 18 and for a loan value between £250 and £7,500. 10% is all that is required as a minimum deposit right up to a maximum of 50% which means that your shopping cart value can be a minimum of £277.78 (£250 loan and 10% deposit of £27.78) and a maximum of £15,000 (£7,500 loan and 50% deposit of £7,500).

We offer four finance packages;

  • 12 months credit 19.9% APR
  • 24 months credit 19.9% APR
  • 36 months credit 19.9% APR
  • 48 months credit 19.9% APR

The entire system is paperless and utilises a digital signature meaning you have not got to wait for decisions, agreements and the postal system. Your deposit can also be paid online so we can start processing your order within minutes and not days.

Example 24 months Promotional credit Finance option


Total Order Value...........................£1000.00
Deposit...........................................£100.00
Amount of Credit............................£900.00
24 Monthly Instalments..................£44.98
Amount Repayable.........................£1079.52

Try our finance calculator by moving the deposit slider to see how it affects all the monthly repayment amounts. Alternatively this finance calculator can be found in your shopping cart which will be updated with your basket total so you can see each payment option specifically for your own order.


Pay4Later Finance Available

On an amount of £1000.00, you can choose a deposit and pick the finance suitable. Just move the slider to change your deposit.

£





More information about these finance products

The Criteria for being eligible;

  • You are over 18 Years of Age and employed at least 16 hours per week, unless retired or a house person with a spouse in full time employment.
  • You are a UK resident with at least 3 years continual address history.
  • You have a good credit history with no late payments, debt relief orders, CCJ's, IVA's or bankruptcies
  • You have a UK bank account capable of accepting Direct Debits.
  • You must have a debit or credit card in your name to pay for the deposit.
  • The Goods must be delivered to your home address.
  • The deposit must be paid using a credit or debit card.

How to Apply

Simply add the product you want to your shopping cart and checkout in the normal way. Once on the Payment Method page choose 'Pay4Later Finance' as your payment method and include the payment plan and continue. After confirming your order you will be taken to the online application.

Once the application is completed you should receive an instant decision, provided you are successful you will then need to pay a deposit. Once the deposit it taken then we are notified, we can then check the order out and then process it. You will then receive confirmation from us and an order will show up in your order history page in your account. No orders are complete or will show on your UK Gaming Computers account page until the deposit is paid. Each stage of the finance application will be emailed to you by Pay4Later. The processing stage by us is a manual process and is only done during working hours.

How long does it take to Apply?

Typically less than 3 minutes. Your application is then instantly sent to the finance company and they will typically respond with their decision in around 10 seconds. Some applications may take longer to process. If for any reason an instant decision cannot be made, we'll send you an email the moment the finance company makes a decision.

How Much Can I Borrow?

Between £250 - £7500 (this amount excludes deposit so Minimum in Basket is: £277.78)

Is a Deposit required?

Yes, A Minimum of 10% and a Maximum of 50% to be paid during the Application Process. The deposit is only taken upon completion of a successful application. If the application is not successful then a deposit is not taken.

How are my Monthly Payments Paid?

Directly from your nominated bank account. The first payment is due One Month after the date of the Finance Agreement and subsequent payments will be due on that date each month.

What Can I Purchase?

Anything from our website with a total order value of at least £277.78 and a maximum total order value of £15,000

What Length of Repayment is Available?

You can choose 12, 18, 24, 36 or 48 Months.

Can I Pay My Agreement off Early?

Yes You Can, your Credit Agreement will explain how. A 19.5% APR Carries a Monthly rate of 1.52%

Example 12 months Promotional Credit Finance Paid After 1 Month


Total Order Value......................................................£1000.00
Deposit......................................................................£100.00
Amount of Credit.......................................................£900.00
Interest generated after one month @ 1.52%..........£13.68
Amount Repayable after one month @ 1.52%.........£913.68

You can also make accelerated payments to reduce your monthly repayments/pay off the agreement early, so if you wanted to pay off your agreement after say 3 months it would be possible to do so, just use the interest rate of 1.52% like in the example above. Again your finance agreement will have full details on this.

Will the finance company perform a credit check?

Yes. A credit check forms part of the automated decision making process and is part of a responsible lending policy. You can find our your credit rating before making an application on websites such as Experian

Do I have to provide ID?

In rare cases, for security measures Pay4Later may require a proof of ID after your application has been approved and your deposit has been paid. This step is to verify your transaction, and a check will be done on any ID provided. If your ID fails the check or you are unable to provide a valid proof of ID we will be in contact. Should you need to provide ID you will be notified via email from Pay4Later.

What if I have bad credit?

The finance company uses an automated credit check as part of their decision making process. If you have an adverse credit record it may affect their decision. To give yourself the best chance of acceptance, please ensure you complete the credit application form correctly. Please don't apply for credit unless you're sure you will be able to comfortably repay it.

I have been approved for credit and paid the deposit, what happens next?

Pay4Later will authorise us (UK Gaming Computers) to process your order. We will then update your order confirm everything is going ahead and you will receive notification via email and in your account history. Please be aware this is a manual process and can only be updated during working hours so don't worry if you dont receive an update over the weekend or at 3am!

I made an application but it was declined, why?

Unfortunately we are not given the reason why a customer is declined for credit. The authorisation process is carried out by the finance company and UK Gaming Computers and Pay4Later has no part in the decision. The decline message is sent to us with no explanation or justification. The reason for a decline is often that incorrect information has been entered in the credit application form. Please ensure you carefully enter all required information.

Finally if you receive a declined decision you will not be able to make another application for another 60 days. Please do not make multiple applications with the same details if you have already received a declined decision.

What happends if I do not pay the deposit

The order is not complete so we will not acknowledge one until the deposit is paid. If after 3 days the deposit remains unpaid then we will cancel the application and you will be reported which will affect your credit rating.

I made an application it has gone through but the product is still in my basket?

Perfectly normal. As the application is made on the Pay4Later website and not ours the basket will not clear itself. If you have successfully placed an order and we have processed it you can delete your basket contents should you wish.

Who are Pay4Later?

Pay4Later is an online finance gateway that links retailers and finance companies. Pay4Later is licensed by the Financial Conduct Authority (Consumer Credit Licence: 0616240). For more information please visit www.pay4later.com

Who are Omni Capital Retail Finance LTD?

Omni Capital Retail Finance LTD is the finance company behind the applications. These are the guys giving out the application decisions. For more information please visit http://www.omnicapitalretailfinance.co.uk

Tips for a successful application

If you make an application and it gets declined then you will not be able to make another application for another 60 days as it will automatically be pre declined so it is important that your application is completed as accurately and efficiently as possible.
  • Make sure your details you fill in are correct - If you don’t then the finance company will almost certainly decline your application - if you make a false application then the finance company is unlikely to trust you to make your payments if you falsely fill in an application.
  • One of the biggest reasons you will be declined is imputing the wrong address - Normally because its been inputted wrong or you use another address that is NOT your billing address
  • Ensure your meet the criteria listed at the top of this page.
  • A decision is affected by how much you borrow and how long you choose to make the payments. 12 month applications are far more likely to be accepted than say a 48 month application. Applications with a higher deposit amount are again much more likely to be accepted. Our advice would be to put down the largest deposit possible and choose the shortest finance plan possible.
  • Do not make multiple applications. If you receive a referred decision then don’t go making other applications as you will get the same decision and the finance company will simply decline all referred applications if there is more than one.
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