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Finance information

FR Jones and Son acts as a credit intermediary and only offers credit products from Close Brothers Retail Finance. Credit is provided subject to age and status.

We can offer credit for purchases made through this website where the purchase price is over £280 (inc VAT) and under £15,000 (inc VAT), subject to status. Purchases made using the credit facility can only be delivered to the home address used for the credit application.

FAQs

Will I qualify for credit?
We can only consider credit applications for individuals (not businesses) who meet the following criteria:

  • You are over 18 years of age
  • You are a permanent UK resident and able to supply 3 years address history
  • You are in employment or retired and receive a gross annual income of at least £10,000
  • You have a good credit history
  • You have a debit or credit card

Applications also welcome from retired individuals, in receipt of a private or company pension (aged 50 or over at date of application).
Meeting the criteria does not guarantee acceptance. Goods bought with retail credit can only be delivered to your home address. If your application is accepted, the deposit must be paid by credit or debit card. Please note that you may be requested to provide proof of identity after your application has been approved and your deposit has been paid.

How do I apply?
Fill out your customer details at the checkout, then select “Pay4Later” as your payment method. The next page will ask you to review your order details and to select the deposit amount and term length you wish to apply for. You will then be passed to the Pay4Later website to complete your finance application. They will ask you to fill in your details accordingly, then they will assess your credit application and return the result. Your application will either be approved, declined or referred:

  • In the case of your application being declined, you will have the option to return to our website to checkout with an alternative payment method.
    Unfortunately, we are not given the reason why a customer is declined for credit so we will not be able to answer any queries about this outcome. The authorisation process is carried out by the finance company and we have no part in the decision – the decline message is sent to us by the lender with no explanation or justification.
  • In the case of your application being approved, you will be asked to pay your deposit with a credit or debit card. Once your deposit has been received, Pay4Later will send a notification to us to process your order. We will send you a confirmation email when this happens.
  • In the case of your application being referred, there will be a slight delay before your application can be approved/declined. Once the lender has reached a decision, you will be informed by email of the outcome and, in the case of approval, we will then receive a notification to process your order. We will send you a confirmation email when this happens.
How much can I borrow?
The maximum lending amount we offer, after deduction of the upfront deposit, is £13,500 (total purchase price of £15,000, with 10% deposit).

The minimum lending amount we offer, after deduction of the upfront deposit, is £250.00 (e.g. total purchase price of £500.00, with 50% deposit).

For simplicity, the minimum total purchase price to qualify for credit is £280.00 (£280.00, with 10% deposit (£28.00) = lending amount of £252.00).

Maximum and minimum amounts apply to basket totals – purchases can consist of a single item costing between £280.00 and £15,000.00 or multiple items with a combined price between £280.00 and £15,000.00.

Is a deposit required?
A deposit is required on all orders. As long as the deposit amount does not reduce the amount borrowed to below the £250.00 minimum, you may select a deposit amount to suit you from between 10% and 50% of the purchase price.
How are my monthly payments made?
Your monthly repayments will be taken via direct debit from your chosen bank account.
What length of repayment is available?
You can choose to pay over 12, 24 or 36 months.
Can I pay off my loan early?
Yes, please contact Close Brothers Retail Finance directly, on 0844 880 6542, in order to make additional payments. Please note that interest rates will be adjusted accordingly.
Can I see an example of the loan rates?
Example purchases and finance options might include:

Single item over £280.00
Basket contents Representative finance example
Stihl MS 261 C-M VW chainsaw (50.2cc) (15″ bar & chain)
1 @ £585.00 inc VAT*
Purchase price £585.00 inc VAT*
Deposit £250.00
Duration of agreement 12 months
Amount borrowed £335.00
Monthly repayment £30.70
Total repayable £618.45
Cost of loan £33.45
Rate of interest (fixed) 19.5%
Representative APR 19.5% APR representative
Multiple items totalling over £280.00
Basket contents Representative finance example

New England Tachyon 11.5mm climbing rope 1 slice, green (35m)
1 @ £131.16 inc VAT*

ISC 30kn Mongoose 3 way karabiner blue (aluminium)
2 @ £32.64 inc VAT*

Yale Silver Streak knotted prussik loop w/serial conforms EN566 (50cm)
1 @ £13.20 inc VAT*

Stein Vega work positioning harness (Size 2)
1 @ £196.56 inc VAT*

Purchase price £373.56 inc VAT*
Deposit £123.56
Duration of agreement 36 months
Amount borrowed £250.00
Monthly repayment £9.03
Total repayable £448.69
Cost of loan £75.13
Rate of interest (fixed) 19.5%
Representative APR 19.5% APR representative


* Prices provided as examples only – please refer to product information pages for current pricing.

Representative finance options
Purchase price£
Deposit £55.50
(min)
£
£277.50
(max)

Duration of agreement months
Amount borrowed£499.50
Monthly repayment£45.78
Total repayable£604.88
Cost of loan£49.88
Rate of interest (fixed)19.5%
Representative APR19.5% APR representative

FR Jones and Son acts as a credit intermediary and only offers credit products from Pay4Later Ltd and Close Brothers Retail Finance. Credit provided subject to age and status.

Or use our finance calculator to see how you can configure the loan duration and deposit amount to suit you.

This finance calculator is included on the page of each product that qualifies for credit and on the checkout page after you select ‘Pay4Later’ as your payment method.



Standard Information and Regulatory Status of FR Jones and Son, Pay4Later and Close Brothers Retail Finance

FR Jones and Son

FR Jones and Son, Unit 3 Sydenham Industrial Estate, Kangley Bridge Road, Lower Sydenham, London, SE26 5BA, are licensed by the Financial Conduct Authority (Firm Reference Number 620766).

Loan agreements are only available to UK residents over 18, subject to status, terms and conditions apply (see above).

Close Brothers Retail Finance

Close Brothers Retail Finance is a trading style of Close Brothers Limited — a subsidiary of Close Brothers Group plc. Close Brothers Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority. For more information please visit www.closebrothersretailfinance.co.uk.

We may pay brokers some consideration if they introduce business to us.

FR Jones and Son work exclusively with the Close Brothers Retail Finance as lender.

Pay4Later

Pay4Later is an online finance gateway that links retailers and finance companies making it easy for finance companies and retailers to work together to offer consumers fast and convenient point of sale finance. Pay4Later act as a credit broker and not a lender. Pay4Later can introduce you to a limited number of finance providers.

For more information please refer to the Pay4Later frequently asked questions or visit www.pay4later.com.