Snap Finance is only available offline and cannot be done through our website. You will need to be accepted for a Snap Finance loan before we can process your order.
Introducing Pay in 4 by Snap Finance
During the application process, you will be shown what loan terms you have been approved for and for how much. At this point you select Pay in 4 and increase your payment to clear your loan in 4 months and we'll cancel any interest*
What is Pay in 4?
With our Pay in 4 feature, you can settle your loan in full within 4 and we'll cancel the interest*. We call this the "Pay in 4 period".
This loan is based on a fixed term for 24, and includes interest calculated from the date you take out the loan.
In the event that you do not fully repay the Amount of Snap loan during the Pay in 4 period, your loan repayments will continue over the full term. This means that you will be paying interest on the outstanding Amount of Credit, and this is applied from the start date of your agreement.
* Interest is charged from the day your loan starts on the principal outstanding at the rate set out in your consumer credit agreement and will only be cancelled if you pay off the amount of credit advanced within the Pay in 4 period.
How do I Pay in 4?
During the application process, you will be shown what loan terms you have been approved for and for how much. At this point you select Pay in 4 and increase your payment to clear your loan in 4 months and we'll cancel any interest. Interest is charged from the day your loan starts on the principal outstanding at the rate set out in your consumer credit agreement and will only be cancelled if you pay off the amount of credit advanced within the Pay in 4 period.
Snap Finance Ltd is authorised and regulated by the Financial Conduct Authority with Reference Number 741813. Snap Finance Ltd is a company registered in England and Wales. Company Number 08080202
How much interest will I pay?
Interest free if you pay off the loan within 4 months otherwise 39.9% APR.
Is there a minimum loan amount?
Yes, the minimum loan amount to apply for Snap Finance is £250.
How much deposit is required?
If accepted Snap Finance will debit £15 from your account.
Can you deliver to a different delivery address to the application?
The delivery address needs to be the same as the address on your application, if you wish to have your delivery to another address, please contact Snap Finance on 0300109381 and speak to customer support to update your address. Once this has been updated we can proceed with the application and arrange your order.
Can I apply more than once?
Yes. Snap Finance acknowledge the circumstances can change and if your previous application has been refunded, it does not mean that they will automatically turn down a future request. We do however suggest that you leave at least 6 months between applications.
Can I change my payment date?
Yes, You will be able to choose the date in which your direct debit will come out of your account at time of order, if for any reason you need to change the date, this is not a problem at all, please contact Snap finance directly.
How do I make payments?
The payment will be a direct debit set up with Snap finance on a monthly or weekly basis depending on your terms and the date in which you selected the direct debit to be taken. You are able to pay more at anytime throughout your agreement by contacting Snap finance to make a payment.
How do I cancel my application?
If you wish to cancel your application, if you have not yet been in contact with Sofa club and do not have an order in place you can withdraw your application at any time, if your order has been processed with Sofa Club, please contact our customer support team to arrange cancellation of your application and order.
How do I contact Snap Finance about my finance agreement?
Customer support: 03300 109381
Mon-Fri 8:30am - 5:30pm | Saturday 9:00am - 1:00pm
Sofa Club Limited is a Credit Broker not a lender and offers credit products from Secure Trust Bank PLC trading as V12 Retail Finance and Social Money Limited trading as PayL8r. Sofa Club Limited is authorised and regulated by the Financial Conduct Authority (FCA) under FRN 652661. Sofa Club Limited is registered in England and Wales under company number 08056877. Registered address is 6 Centrus, Mead Lane, Hertford, Herts, SG13 7GX