Novuna partners with Homebase to provide customers with flexible finance options
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Monday 5th June 2023
5 June – Novuna Consumer Finance, one of the UK’s leading retail point of sale providers, has partnered with home and garden experts Homebase to transform its credit offer in-store, providing customers with a range of flexible finance options to help them with their home improvement projects.
Novuna Consumer Finance, which provides bespoke tailoring for retailers to build their finance offers based on their customers’ disposable income, has worked with Homebase to launch affordable payment options for its customers.
As part of the new partnership, Homebase customers buying a new kitchen, bathroom or bedroom across any of its 145 stores in the UK, will be able to spread the cost via an interest-bearing agreement, an interest-free credit agreement or through a buy now, pay later credit financing option of up to £50,000.
Homebase will benefit from Novuna’s proprietary soft search functionality which provides confirmation whether a customer will be accepted or declined for their preferred credit option with 100% accuracy before undertaking the full application, without impacting their credit score.
Novuna’s unique tailoring functionality also enables Homebase to work with its customers to tailor the right repayment options to suit their individual circumstances. Turning what could be a straight decline into a more affordable payment plan and enabling customers to flex the terms.
In response to increasing demand for finance options, the new partnership complements the interest free and buy now pay later options provided by PayPal.
Brian Flesk, Head of Retail at Novuna Consumer Finance said: “We’re delighted to be working with Homebase as one of our new retail partners. The flexible finance options will mean its customers can spread the cost of their new dream kitchen, bathroom or bedroom.
“Through our partnership, Homebase will benefit from our unique package of smart, bespoke credit offerings with numerous tailoring options which allows them to create the right finance option for each individual customer in-store to help them improve or transform their homes.
Simon Luscombe, Finance Director at Homebase, added: “Partnering with Novuna means our customers can easily spread the cost of their kitchen, bathroom and bedroom projects in a way that’s both flexible and responsible. We’ve been really impressed with how simple Novuna makes the purchasing journey for both our customers and our team.”
Novuna Consumer Finance works with 3,500 retailers from high street brand names to niche online ecommerce retailers across a range of specialist sectors including furniture, home improvements, electricals, jewellery and healthcare, providing interest free credit, buy now pay later and interest-bearing credit products.