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Helping you manage the cost of your new home electricals

Here at Colin M Smith, we understand that purchasing new appliances or electronics can be a significant investment. That's why we have partnered with Novuna Consumer Finance to provide you with a range of payment options that suit your needs and budget. 

We offer our customers the ability to apply for finance facilities to fund a purchase from us. If you are accepted by Novuna Consumer Finance, you will be asked to eSign the credit agreement and once in receipt of your purchase, Novuna Consumer Finance will make your agreement live and your monthly repayments will commence for the agreed term.

In short, Novuna Consumer Finance gives you the flexibility to spread the cost of your purchase over a repayment period that suits your budget.

We currently do not accept finance applications directly via our website. If you are interested in purchasing a product with us and want to make use of a Novuna Consumer Finance option please contact us on 01307 464 187 and we will be happy to assist you.

Please make sure you are happy with the products you are ordering before submitting your finance application; we are unable to change your order once your finance application has been approved. The approval of your application depends on your financial circumstances and borrowing history.

By choosing Novuna Consumer Finance, you can enjoy a range of benefits, including:

  • Flexible payment options: Choose the payment plan that suits your needs and budget.
  • Quick and easy application process: Apply in-store or over the phone, complete the application online and receive a decision within minutes.
  • Manage your Novuna account online: You can track your payments and manage your account online, making it easy to stay on top of your finances.

Colin M Smith are committed to providing you with the best possible service and support. That's why we have partnered with Novuna Consumer Finance to offer you a convenient and flexible payment options.

So why wait? Visit us today and take advantage of our Buy Now Pay Later options of 6 months or 9 months, or our easy to manage pay monthly options, and get the home appliances or electronics you need today!

Eligibility criteria

To apply for finance you must:

  • be at least 18 years of age
  • have been a UK resident for three years or more
  • be in regular employment (minimum of 16 hours per week) including self-employment, or in permanent residence with your spouse/partner who's in regular employment. If you are retired and receive a pension, or registered disabled and unable to work, Novuna Consumer Finance may ask for proof of sufficient income.
  • have a mobile phone number
  • have an email address
  • have a UK bank account from which Direct Debits can be taken
  • have no outstanding County Court Judgements (CCJs)

All credit is subject to status, financial circumstances and borrowing history. You must agree to the lender's Terms and Conditions and electronically sign the Credit Agreement document before we can release the goods to you.


Examples of Finance Options

Below are some examples to illustrate our range of finance options provided by Novuna Consumer Finance. Minimum finance amount starts from £200.

Pay Monthly

Our Pay Monthly option is simply an interest bearing loan with interest charged at the given APR, there are no additional arrangement fees. You repay the loan amount and total interest spread equally over either 24, 36 or 48 months.

Spread the cost of your purchase with equal monthly amounts at a fixed interest rate.

  • Receive your goods straight away
  • Choose a Loan Term (24, 36 or 48 months)
  • Pay a deposit (optional)
  • Fixed Interest Rate for the whole term
Pay Monthly Representative Example - 36 Months
Cash Price (incl. VAT) £400
Deposit (optional) £40
Total amount of credit £360
Agreement duration 36 months
Annual rate of interest 19.9% Fixed
Representative APR 19.9% APR
Interest/Total Charge for Credit £110.52
Total Amount Repayable £510.52
By 36 Monthly Repayments of £13.07

Buy Now Pay Later

The Buy Now Pay Later finance option allows you to spread the cost of your purchase over 48 months with a 6 month or 9 month non-payment period. If you choose to settle the amount of credit in full before the end of the non-payment period you will not pay any interest but will pay an early settlement fee of £29.

If you choose not to settle in full by the end of the non-payment period, the amount of credit remaining will be spread across the remaining 48 months with interest charged at a representative APR of 24.9%. You will pay interest on the amount of credit that remains unpaid and interest will be charged from the date the agreement was live.

Buy Now Pay Later Representative Example - 9 Month Defer + 48 Months
Cash Price (incl. VAT) £400
Deposit (optional) £40
Total amount of credit £360
Agreement duration 57 months
Annual rate of interest 24.9% Fixed
Representative APR 24.9% APR
Interest/Total Charge for Credit £328.32
Total Amount Repayable £728.32
By 48 Monthly Repayments of £14.34
Early Settlement Fee £29.00


For all finance orders we are only able to deliver the goods to the address on your credit agreement (your home address). You will not be able to have the goods shipped to another address or collect the goods from us in person. We can only arrange the delivery of your order pending the approval of your finance application.

Declined credit applications

You will be informed if your application has been declined. The lender is unable to share the reason for decline with us. Some reasons your application might be refused include:

  • you do not meet the eligibility criteria (see above);
  • adverse credit reference agency information;
  • your credit score;
  • you are considered to be overcommitted;
  • your existing account performance with other lenders.

The lender will give you the contact details for the credit reference agency used. They will also give you information on how to appeal the decision if you wish to discuss the matter. Please note that the lender is unable to discuss this over the telephone due to Data Protection rules. You should also note that each lender applies its own credit score to applicants so if you have recently been accepted for credit elsewhere this does not necessarily mean that appealing the decision on this basis alone will result in a change of decision.