Want to spread the cost of training?
Thinking of choosing finance?
Finance is a great way to spread the cost of your purchase.
The quick application form is simple and should take no more than a couple of minutes to complete a Soft Search and you will receive a decision instantly. Easy!
Check your eligibility
You will only be considered for finance if you:
• Are at least 18 years old
• You're in paid employment or have a regular income (minimum 16 hours per week or £6,000 per annum, unless you are retired and receiving a private / company pension or in receipt of disability allowance)
• Are a permanent UK resident and have lived in the UK for at least 3 years
• Have a UK bank account capable of accepting Direct Debits
• Have a good credit history with no late payments, debt relief orders, County Court Judgment (CCJs), Individual Voluntary Arrangement (IVAs) or bankruptcies
• Provide an email address so your documentation can be emailed to you
We offer a range of interest bearing finance options to help you spread the cost of your purchase over 6 to 60 months. The value of the loan needs to be over £1000.
Representative example could be based on the below:
19.9% Finance over 12 months
Total Order Value = £600
10% deposit = £60
Total amount of credit = £540
Duration 12 months
Representive APR 19.9%
Interest charged = £54.96
12 Monthly payments = £49.58
Total amount payable = £654.96
A finance calculator is available to check the impact of various loan values, terms and interest rates on the total amount you need to pay and the monthly repayments. Ask for details 020 8453 3440
Your application will be assessed based on eligibility, credit history and affordability.
If approved for finance, the finance house will let you know who your lender is and provide you with their full contact details and information. You then just need to digitally sign your credit agreement, pay your deposit and wait for your order to arrive.
In a few cases, your application may be referred to a lender for manual assessment and you’ll be notified by email of the credit decision within 24 hours. If you’re not approved for finance it could be for a variety of reasons and the lender will be able to give you more information.
Repaying the loan
Your first direct debit payment will be taken about a month after you receive your purchase. This will show on your statement as a payment to your lender. You have the right to repay all or part of the loan early at any time.
There is a 14-day cooling off period where you can withdraw from the credit agreement after signing your documents.
A payment plan does not affect Wallace standard refund and bookings policy.
Wallace School of Transport Ltd is authorised and regulated by the Financial Conduct Authority, register number FRN737210 and act as a credit broker and not a lender.
HGV Apprentice Training
As an alternative to Finance you may consider signing an agreement with an Levy Paying Employer and becoming an Apprentice.
This would give you the opportunity to gain a HGV / LGV driving licence for FREE through the Government Apprenticeship Programme.
You'd get paid while your work with the employer while completing your Apprenticeship, and you'd get help you gain valuable job knowledge as well as supporting your aim to get additional vocational qualifications.
At the end of the Apprenticeship your employer is likely to offer you a full time job but you would not be under an obligation to take it because once the Apprenticeship is complete you can work at any company you choose.
Call our office 0208 453 3440 and ask for RUSSELL if you'd like more details.