Interest-Free Credit

0% APR representative, subject to status, Terms and Conditions apply

Edinburgh Bicycle Cooperative Ltd offers finance options with facilities provided by V12 Retail Finance. These enable you to apply for Interest Free Finance. Call 0845 257 0808. / 00 44 131 331 5010 for more details.

Conditions for credit applications:

In order to apply for credit with V12 Retail Finance, you must:

  • Be at least 18 years of age and under 75 years of age
  • Be either: in full time employment (i.e. 16 hours, or more, per week); or self-employed; or retired and over 50 years of age; or in receipt of an invalidity or disability allowance
  • Be a UK resident for last 3yrs
  • Be able to make repayments by direct debit
  • Provide your previous address if you have lived at your current address for less than 3 years

The order must include at least one bicycle with a minimum value of £500 and a maximum transaction value £5000. Orders for delivery must be sent to your home address. A minimum of 10% deposit is required on all orders.

Applying in store:

Simply visit one of our stores and select the bike you require, we will complete the application with you in store and we usually get confirmation straight away. If you would like to pay the deposit by cash you will need to provide two forms of ID. You will also need to have your bank details available.

Acceptable Proofs: Current UK driving licence (both card and counterpart) and Passport or a Utility Bill dated within the last 3 months will be accepted as a second proof with driver these.

How to apply for delivery:

Simply select your goods either from our catalogue or website (the order must include at least one bicycle with a minimum value of £500, maximum transaction value £5000).

Telephone us on 0845 257 0808 / 00 44 131 331 5010 with your order and details of how you would like to pay the deposit (10% minimum required). This deposit must be paid with a credit or debit card registered in your name and at your home/billing address.

Choose between 6, 10 or 12 months interest-free payments.

We will complete the application on your behalf by asking for a few details. We can then confirm if the application has been accepted.

Once your application is accepted, we (Edinburgh Bicycle) will send you the following:

  • The Pre-Contract Credit Information (SECCI)
    This is a breakdown of the agreement, please check that all details on this are correct and retain for your records.
  • Fixed-Sum Loan Agreement
    Please read the agreement carefully, as it includes details on how you can cancel this agreement along with other key information. If you’re completely happy with it sign and date all copies, and return both the Retailer and Bank Copy to us at the address below.

Please check these carefully and sign all copies where applicable.

When you return the signed credit agreement form to Edinburgh Bicycle Co-op, we will contact you to arrange delivery of the bike (to your home address).

Giant Defy 4 '14Example (for illustration purposes only)

If you decide to purchase a bike at £599.99 on a 6-month plan then the payments would be as follows:

Purchase Price – £599.99
Deposit (minimum 10%) – £60.00
Balance (amount of credit) – £539.99
Total amount payable – £599.99 (Typical 0% APR representative)
£539.99 spread over six months would 5 equal payments of £90 and a final payment of £89.99.

Credit is provided and applications accepted subject to age and status.

If you have any questions regarding interest-free payment plans either for mail order or at our branches please call us on 0845 257 0808 / 00 44 131 331 5010.

Terms and Conditions apply.

V12 Retail Finance is owned by Secure Trust Bank PLC. Registered in England and Wales 541132. Registered Office: One Arleston Way, Solihull, B90 4LH. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Terms and Conditions apply. The retailer acts as a credit intermediary and only introduces Secure Trust Bank PLC.

Edinburgh Bicycle Co-operative Limited, SP1932R(S) is registered in Scotland the registered address is 8 Alvanley Terrace, Edinburgh EH9 1DU. Edinburgh Bicycle Co-operative Limited acts as a credit broker and only offers credit products from Secure Trust Bank Plc trading as V12 Retail Finance, One Arleston Way, Solihull, B90 4LH. Registered in England and Wales 541132.

Edinburgh Bicycle Co-operative is authorised and regulated by the Financial Conduct Authority, our licence number is 662050.