Finance your new goods with Smart Money Cymru Community Bank today
Launched in October 2021 in conjunction with C-Supplies, Smart Goods is a new way for members to purchase items for your home and family. With finance available on orders over £50 (subject to approval) you could furnish your home, purchase those much sought after Christmas presents and even upgrade your home tech! The whole range of items are available on the Smart Goods website. Should you wish to chat to one of the Smart Goods Finance team, you can reach them by selecting calling 02920 883751 and selecting option 4.
Smart Goods loans are charged at a straightforward 3% per month (APR of 42.6%). There are no other charges and no penalties for early repayment if you decide to pay off your finance before the end of the loan. A £100 Smart Goods loan paid off over 12 months will cost you £10.05 per month (total charge for credit of £20.60). If you’re a new member of Smart Money, you’ll be given you your initial savings deposit to open your share account with Smart Money when you make your first Smart Goods purchase.
It's easy to order, with decisions often given within minutes.
It’s simple– in just 4 steps, you could be arranging delivery of your new goods.
- Browse and select your items – Select from our huge range of household products from some of the leading manufacturers and add them to your basket.
- Complete a short loan application – At the checkout you can choose to apply for a loan to spread the cost of buying the goods. You will be asked a series of questions including your National Insurance number. Our systems will automatically check your identity and undertake a credit check so that in most cases, you will receive a decision within a few minutes.
- Set up your loan repayments and confirm – If approved, you will receive confirmation of your repayments and we will also send you your loan agreement for you to sign.
- Arrange for your goods to be delivered – Finally, you’ll receive a phone call from us to arrange your delivery at a time to suit you.
Unfortunately we can’t remove mattresses, bed frames, divans or other furniture. We recommend that you make sure there is enough space for your new product to go in- however, if you are replacing something that you already have we recommend that you do not throw away or recycle that item until you have checked that the product you’ve received is correct and in working order. It is important that you consider protecting your new item with contents insurance, but you won’t be required to buy it.
As an ethical savings and loans cooperative, Smart Money help people who may have a difficult credit history. If your online application is not approved straight away, don’t worry! We will be in touch with you to get more information about your circumstances and see if there is a way we can get you the finance approval you want to buy your Smart Goods.
Absolutely! Smart Money Cymru is always happy to help you buy the Smart Goods you need and want when you want them. In most instances, you will need to wait 30 days before re-applying for finance.
You don’t have to have a bank account to get a Smart Goods loan. If your benefits are paid to your share account or you are an employee of one of our employer partners saving and repaying your loan through salary deductions, then we can accept repayments direct through your share account. If you don’t have a bank account or you’re not sure about setting a direct debit, you can talk to our Smart Money Cymru Customer Services team.
Approval for Smart Goods finance is usually very quick. Once a decision has been made, your order will be passed back to us and we will contact you for delivery. You should receive your order within 2-3 days, though that may alter depending on the speed of credit check, stock availability and your ability to receive the delivery.