Point of sale loans

Increase your conversion and drive sales with affordable & flexible ways to pay

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Create the right point of sale finance offer for your business

 

Interest free credit

Interest free credit

Attract and convert customers with interest free credit (IFC). Your customers take advantage of spreading the cost with fixed monthly payments and no interest.

 

Defered interest free

Deferred Interest free credit

Increase sales with deferred interest free credit (DIFC). Your customers first enjoy a payment free period, then interest free repayments.

 

Interest bearing loan

Interest bearing loan

Cost effective for your business and helps your customers budget for a large purchase. Flexible interest bearing loans (IBL) with a range of loan terms and APRs available.

 

Buy now pay later

Buy now, pay later

Appeal to consumers with buy now, pay later (BNPL). First, your customers can take a payment free period, then go on to conveniently spread the cost over time.

Whether it's interest free or interest bearing on offer, your customer expects options to spread the cost.

Roughly one third of consumers say that the type of retail finance on offer affects where they choose to shop. i. Want to drive footfall & increase conversion? Be sure to offer your customers flexible & affordable point of sale finance options - a must in today’s competitive retail market. For some purchases, an option to pay over time is expected; think about the last time you bought a new sofa, carpet, bike or kitchen. Were credit options advertised from the shop window or highlighted on the company’s website?

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“It's the easiest way to spread the cost at a low rate, it makes perfect sense.”

Joanne, Cheshire

We've been using Ikano for a number of years side by side with other providers. Those other providers have been continually replaced but Ikano have remained our preferred partner throughout. This is because of the excellent rates, customer service and most importantly, being the preferred choice of our staff and customers."

Paul Schwartz FCCA, Financial Director, Taskers PLC.

Our point of sale finance customers love us. In fact, 85% of our retailer loan customers would recommend us. ii

Sectors

Home improvements

Home improvements

Point of sale finance options across home improvements. Window, kitchen, bathroom, & boiler businesses are just a few.

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Fashion

Sports and Leisure

Retail Finance for all of your customers sporting & down time activities whether it’s a new bike, skis or a hot tub for relaxing.

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Home furnishings

Sofas, bedrooms, dining, soft furnishings, carpets, flooring & more. Point of sale finance options for every room in the home.

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Auto aftersales and repair

Auto aftersales and repair

Increase your customer satisfaction with convenient  options to spread the cost. Retail Finance is available for servicing, red work & parts.

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Fashion

Fashion

Your customers can wear now, pay later while you increase brand engagement with multichannel revolving finance.

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optical and hearing care

Optical and hearing care

Give your customers the quality & style they want by offering payment options. Finance for glasses, prescription sunglasses & hearing aids.

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Optima
“Having partnered with Ikano Bank for over 7 years now we find our relationship is still going from strength to strength. The support and underwriting on offer is excellent and the new developments will enable us to expand on our relationship further. We see exciting times ahead."

Nick Otter, Managing Director, Optima Consumer Credit Ltd

“The loan was straightforward to apply for and all further correspondence was clearly set out and easy to understand.”

Angela, Ayrshire

Blogs from our point of sale finance team

A day in the bush is worth two in the bank

Mark Williams

The positive impact of a Corporate Social Responsibility (CSR) programme is wide and varied. Encouraging and enabling employees to give back to the community is proven to support employee engagement, skill development and the business's bottom line. Mark, from our Point of Sale team shares his CSR story.

Read the full blog

Are customers unwittingly giving away their rights?

Andy Paver

Payment service providers are now offering enticing and attractive buy now, pay later payment options. But how does this affect consumer Section 75 rights? Andy, from our Retail Partners team looks at Section 75 & payments, giving his view on how consumers can protect their purchases and their wallets.

Read the full blog

A family owned bank

We’re a family owned bank that’s been providing retail finance in the UK for more than 20 years. Our roots are in retail. The same family that founded IKEA, founded Ikano in 1988. We’re proud of our unique retail heritage and what we’ve learned from it - a strong and simple idea, with a little bit of hard work and good values is important for success. From our UK base in Nottingham, we offer simple retail finance products with over 100 retailers across the UK.

Working with Ikano Bank

Proud to partner with

 

IKEA
Taskers
Zanussi
SCS

See retail finance in action with our Resource Hub

White papers, case studies, blogs and top ten tips to grow your business.

Take me to the Resource Hub

i. Mintel research, Consumer attitudes towards retail credit, October 2015
ii. Ikano Bank survey July 2018 with over 2000 respondents. 85% rated us 9 or 10 out of 10 when asked how likely they would be to recommend us.