Finance Options


Buy Now Pay Later Finance / Bearing Credit Example

Buy now pay later with payments deferred for up to 6 months

Spread the cost with our buy now pay later finance available online and in store.

This finance option allows you to spread the cost of your purchase over 48 months with an agreed deferral period of 6 months.

Your agreement will start after delivery of your goods . At which point your 6 month deferral period will begin and interest will start accumulating on the balance owing. If the loan amount is voluntarily paid in full before the deferral period ends, interest will be waived but an early settlement fee up to £29.00 will apply. Unless the balance is cleared before the end of the deferral period, the monthly Direct Debit payments will start.

All you need to do is:

  1. Spend a minimum £600 and above
  2. Place a minimum 10% deposit plus your delivery charge
  3. Minimum finance amount after deposit £250 and above

This simple buy now pay later finance option helps you spread the cost of your purchases.

  • 48 months buy now pay later finance, with the first payment deferred for 6 months on orders of £600 and above


The table below shows you how much monthly repayments will be based on the total order value.

Order Value

Total Term (Months)

Defer Term (Months)

Deposit (10%)

Monthly Payments











Representative example:

Cash Price £1,000

Deposit £100

Loan Amount £900

APR representative 14.9% p.a. fixed

Interest rate 14.9% p.a. fixed

48 monthly repayments of £26.05

Total term of loan agreement 48 months, with the first payment deferred for 6 months

Total Amount Payable £1350.40

Early Settlement Fee £29

No interest is payable on any payments made within the deferral period however will apply from day 1 once the deferral period ends

Interest Bearing Finance Example

36 months at 9.9% APR or 24 months at 11.9% representative interest bearing finance.

Spread the cost with our interest bearing finance available online and in store.

Our simple finance options allow you to spread the cost of your purchase over 24 or 36 months.

All you need to do is:

  1. Spend a minimum £600 and above
  2. Place a 10% deposit
  3. Minimum finance amount after deposit £500 and above

These 2 simple finance options help you spread the cost of your purchases.

  • 24 months at 11.9%interest bearing finance on orders of £500 and above
  • 36 months at 9.9% interest bearing finance on orders of £500 and above

The table below shows you how much the monthly repayments will be based on the total order value.

Order Value

Term (Months)

Deposit (10%)

Monthly Payments

















Representative example:

Cash Price £1000

Deposit £100

Loan Amount £900

APR Representative 9.9%

Interest Rate 9.9% p.a. fixed

36 Monthly Repayments of £28.83

Total term of loan agreement 36 months

Total Amount Payable £1137.88

To apply for finance or if you require any further information about finance, please call 01495 244226

Finance FAQ

How do I choose to PaybyFinance?

Please call our sales team on 01495 244226 and they can email you a link to complete the application at home. 

Who is eligible to apply for online finance?

To apply for online finance, you must be over the age of 18, work at least 16 hours a week, or be retired with an income. You must also be a resident of the United Kingdom and have lived in the UK for the last 12 months or more.

Unfortunately, we are unable to offer online finance to residents of Eire. Homemakers aren't excluded from applying under their own names; however the employment details of your spouse / partner will be required in order to process your application.

When do my repayments start?

Your monthly repayments will begin one month after your purchase has been delivered. For buy now pay later agreements the monthly repayments will start 6 months after delivery.

Are there any arrangement fees or hidden extras for credit?

No. There are no arrangement fees or hidden extras.

Applying for online finance

Applying for online finance couldn't be easier or more convenient. When you buy online from Oakridge Direct trading as SofaSofa you have the choice of applying for finance by adding your purchase to the shopping basket, selecting the finance option, and completing an online application form. Just follow the simple instructions, entering your personal details as required and we'll do the rest.

The whole process only takes a few minutes and is simple and secure. Once your finance application is approved, you will then be advised of how to sign the finance agreement and you will also receive an email confirming these details.

Please read the agreement carefully checking that all the details are correct, then either electronically sign the agreement or print and sign the agreement in both boxes. Post the signed agreement to the address shown on the covering letter of the agreement.

Following receipt of your finance agreement and a few additional checks, your goods will be dispatched.

Your questions answered

Here's some of the most commonly asked questions regarding online finance.

Once my application is approved, what happens next?

Within minutes of your application being approved, you will be presented with the options to either e-sign or print and return your finance agreement.

If you choose to e-sign your agreement, a PDF of your agreement will be displayed on screen. You should read the agreement carefully before clicking all the relevant sections agreeing to its terms.

Once you have agreed to the terms of the finance agreement Oakridge Direct as trading as SofaSofa will be notified and you need do nothing more.

If you choose to print and return your agreement you should print the agreement, read it carefully and then sign the document following the instructions on the covering letter. This signed document should then be posted to the address shown on the covering letter of the finance agreement.

Note that products will not be allocated to your order until your completed and signed agreement is returned and received by Novuna Personal Finance. Shipment of your goods will follow soon after your agreement has been returned and received.

Will you credit score me and if so, what does this mean?

Credit scoring is the process used by financial services companies to evaluate the credit risk of new applicants. This technique will be applied to your application for online finance. Credit scoring works by awarding points for each answer given on the application form such as age, income and occupation, together with information obtained from credit reference agencies.

This information allows consistent decisions to be provided, ensuring all applicants are treated fairly. Credit scoring does not discriminate on the grounds of sex, race, religion or disability.

If you decline my application, what is the reason?

In addition to credit scoring, Novuna also takes into account confirmation of your identity, validation of certain application details, existing commitments and information held at the credit reference agencies. Though Novuna is unable to provide you with a main reason for declining your application, it is usually based on one, or a combination of the following:

Your credit score (please note that every finance company will score you differently)

Adverse credit reference agency information

You are considered to be overcommitted

You are aged under 18

Your existing account performance with other lenders

What type of information do credit reference agencies hold about me?

Some of the information is public information, for example electoral roll, County Court Judgments and bankruptcies. Other lenders may also file information about accounts you hold with them for instance this could include your payment history and outstanding balance on these accounts. Any requests for credit, where a credit reference search has been undertaken, will also be filed, although the result of the request is not recorded.

How do I obtain a copy of this information?

Send a request to the relevant credit reference agency, together with details of all addresses at which you have lived over the last 6 years:

Experian Limited, Customer Support Centre, PO Box 9000, Nottingham, NG80 7WF

Equifax Ltd., Customer Service Centre, PO Box 10036, Leicester, LE3 4FS

TransUnion International UK Limited, Consumer Services, PO Box 491, Leeds, LS3 1WZ

The above listed agencies will provide details of information relating to these addresses. If you believe that the information is incorrect, you can ask the agency to correct it.

If my application is not successful, can I re-apply?

Yes. We acknowledge that circumstances change and just because a previous application has been refused, it does not mean that a further request will automatically be turned down. We do suggest however, that you leave at least 6 months between applications.

Can I request delivery to an address other than my home?

In order to safeguard against fraudulent applications, we regret that we're able only to deliver goods to the home address of the applicant.