Omni Capital Finance

Are you thinking of spreading the cost of your purchase?

Finance is a great way to spread the cost of your purchase, if used responsibly. We have teamed up with Omni, one of the UK’s leading finance specialists, so that you can apply for and complete a loan application quickly and easily – the online application process only takes a couple of minutes to complete, and you will receive a decision instantly.

Omni Capital Finance offer a range of different plans to suit your needs. Finance is subject to age and status.

1. Shop	2. Apply	3. Decision	4. Deposit	5. Enjoy
Look for the Finance Calculator on items over £350. Select your preferred finance term and deposit, then add the item to your bag.	At the Checkout page, choose your delivery option and make sure Pay by Finance is selected. This will redirect you to the Omni Capital Finance site to complete your application.	You will normally receive a decision within a few moments. Applications are not guaranteed to be accepted and are subject to status.	You will pay a 10% minimum deposit once your application is accepted.	Once your agreement is signed you will be returned to the Order Confirmation page, and we will send your order to the billing address held on your Omni Capital application.

 

If you choose to pay for your order using Omni Capital Finance your order must be delivered to your billing address. Interest Free Credit is not available on orders delivered outside the UK.

More about our finance options

Our monthly payment plans are designed to help make your purchase more affordable. South West Optics offers four terms with Omni, and every one of them is interest free:

• 3 months interest free – 0% APR
• 6 months interest free – 0% APR
• 10 months interest free – 0% APR
• 11 months interest free – 0% APR

Payment terms are between 3 and 11 months, all at 0% APR. A minimum deposit of 10% applies to all finance agreements. There are no deferred payment periods on any of our finance options – your repayments begin shortly after you receive your goods.

It’s important to remember that you should only enter into a finance agreement if you are sure you can afford the repayments for the full term of the loan. Whichever finance option you choose to apply for, you need to be sure that you can afford to pay the deposit, and keep up with your monthly repayments. You should think about any changes to your situation that might occur during the term of the loan, which could affect your income or expenditure, for example – retirement, moving home, changing jobs, or any health issues.

Finance options are a form of credit. If you fail to maintain your payments, your lender could ask a debt collector to contact you or commence legal action to recover the money you owe. A poor repayment record will affect your credit file.

Failing to keep up with your repayments could result in a bad credit score, making it difficult for you to borrow money or get credit in future. This could affect your ability to obtain other financed items, such as mobile phone contracts. There may also be charges that apply for the recovery of missed or late payments, or for collection of the outstanding loan amount in the event of default.

Please note: Finance payment plans provided by Omni Capital Retail Finance Limited are not secured against an asset, such as your home.

Check your eligibility

You can be considered for finance if you:

• Are at least 18 years old
• Are a permanent UK resident and have lived in the UK for at least 3 years
• Have a gross annual income of at least £5,000
• Have a UK bank account capable of accepting Direct Debits
• Have a good credit history with no late payments, Debt Relief Orders, County Court Judgments or bankruptcies
• Have an email address so your documentation can be emailed to you
• Meet any other Omni criteria

Please remember that your application for finance isn’t guaranteed to be accepted, and that all applications are subject to status.

Our finance provider – Omni Capital Retail Finance

You’re in safe hands with our finance provider, Omni Capital Retail Finance. Omni was founded in 2009, is part of Castle Trust Group, and is one of the UK’s leading finance specialists. It is authorised and regulated by the Financial Conduct Authority (reference number 720279).

You’ll be automatically redirected to Omni Capital Retail Finance Limited’s website to complete your finance application online. If successful, your agreement begins. Once your initial payment is received, your order is complete.

Finance decision

Omni Capital Retail Finance Limited will let you know the outcome of your finance application in just a few moments. Your application will be assessed based on eligibility, credit history and affordability.

Your application may be referred to a lender for manual assessment, and you may receive a request for additional information to support your application. If your application is referred to an Underwriter you will receive a response within 20 minutes of the application being referred, during normal working hours. This can be an accept, a decline, or a request for more information. If more information is requested, you will receive an email detailing what is required. If you have any questions, you can contact the Underwriting Team at underwriting@ocrf.co.uk.

Will a credit search be registered against me if I apply?

Omni will perform a ‘soft’ credit search on your credit file as part of their assessment, to determine whether the loan is affordable for you and if you are likely to make your repayments on time.

It’s important to know that if your application is accepted, a ‘hard’ credit check may be made on your credit file. Only you can see that a ‘soft’ search has been made on your credit file, but a ‘hard’ credit check will be visible to others viewing your credit file – for example, if you apply for credit in the future, the lender will see that an application credit search was made on your credit file.

If your application is accepted

Once your application is accepted you will be prompted to review and sign your credit documentation. This documentation will detail all the important information about your loan and should be read carefully.

If your application is declined

If your application is declined, Omni may be unable to give you specific reasons why. Omni use information from your credit report, alongside your income and expenditure data, to make a lending decision. You will receive an email which will provide further details of the Credit Reference Agencies and contact information for any queries you may have.

Repaying the loan

After your goods or services have been provided your loan will be activated. Your first Direct Debit payment will be taken approximately 30 days after you receive your welcome email from Omni. This will show on your statement as a payment to Omni.

You can request to change your monthly payment date after the first payment has been made by contacting Omni and speaking to their customer services team on 0333 240 8317. You will also be registered for their Customer Self Service portal, where you will be able to change the payment date yourself.

Are there any fees for repaying my loan early?

You have the right to repay all or part of your loan early at any time. There may be a fee for early repayment depending on the type of loan. Your Credit Agreement will detail the applicable fees for your product.

Cancellation

You have 14 days to cancel your credit agreement. Please note that to cancel your goods or services you will need to speak to us directly at South West Optics. Cancelling your finance agreement with Omni without cancelling the goods or services will mean payment for the goods or services will still be required.

How to contact Omni Capital

There are three ways to contact Omni Capital about your loan:

• Through the Customer Self Service Portal
• By email at customerenquiries@ocrf.co.uk
• By telephone on 0333 240 8317

Financial difficulties

If you want to discuss your loan, or you’re having trouble with your repayments, please speak to Omni as early as you can. Information about how Omni can support you if you miss a repayment can be found on their website: https://omnicapitalretailfinance.co.uk/money-worries/

Complaints

If you are unhappy with the level of service Omni have provided, or anything Omni have done, you can let them know in the following ways:

• By telephone on 0333 240 8317
• By email at complaints@ocrf.co.uk
• By post: Complaints, Omni Capital Retail Finance Ltd, Customer Services, PO Box 6990, Basingstoke, Hampshire, RG24 4HX

Full details of Omni’s complaints procedure can be found at https://www.omnicapitalretailfinance.co.uk/contact/complaints/.

Use of your personal data

To process your application, you will be asked to provide information about your personal, employment and financial situation. Omni Capital Retail Finance Limited will use your data to determine your finance offer. They will also perform a search with one or more Credit Reference Agencies to conduct checks for creditworthiness and any affordability assessments to help them make their decision.

You can find out more about how Omni Capital Retail Finance Limited uses and protects your personal data at https://www.omnicapitalretailfinance.co.uk/privacy-policy/.

Omni Capital Retail Finance Limited will provide you with a copy of their Privacy Policy with your loan documents.

Omni Capital Retail Finance Limited’s registered office address is 10 Norwich Street, London, EC4A 1BD.

Disclosure

South West Optics is a trading name of 4Wildlife Limited, registered in England and Wales with company number 13603483. Registered address: Riviera House, Nicholson Road, Torquay, Devon, TQ2 7TD. 4Wildlife Limited acts as a credit broker and offers credit products from different lenders.

Finance is provided by Omni Capital Retail Finance Ltd which is a credit provider/lender. 4Wildlife Limited does not receive payment for introducing customers to Omni Capital Retail Finance.

Omni Capital Retail Finance Ltd finance options are subject to individual status, and terms and conditions apply. Your application will be subject to a credit check using a recognised credit reference agency as part of our assessment process. Finance is limited to UK residents aged 18 years and over. You can find Omni Capital Retail Finance’s Terms and Conditions at www.omnicapitalretailfinance.co.uk.

Omni Capital Retail Finance Ltd is registered in England and Wales with company number 7232938. Registered address: 10 Norwich Street, London, EC4A 1BD. Authorised and regulated by the Financial Conduct Authority, Firm Reference Number: 720279.

 

Finance calculator and representative examples

You can check your repayment options and affordability using the finance calculator shown on any eligible product page over £350. The examples below are based on a £1,000 purchase with the minimum 10% deposit.

 

	3 Months 0% Interest Free Credit	6 Months 0% Interest Free Credit	10 Months 0% Interest Free Credit	11 Months 0% Interest Free Credit
Cash Price	£1,000.00	£1,000.00	£1,000.00	£1,000.00
Deposit Required (10%)	£100.00	£100.00	£100.00	£100.00
Loan Amount (Amount of Credit)	£900.00	£900.00	£900.00	£900.00
Finance Term	3 Months	6 Months	10 Months	11 Months
Deferral Period	Not applicable	Not applicable	Not applicable	Not applicable
Interest Rate (APR representative)	0% APR	0% APR	0% APR	0% APR
Monthly Payment Amount	£300.00	£150.00	£90.00	£81.82
Number of Repayments	3	6	10	11
Cost of Credit	£0.00	£0.00	£0.00	£0.00
Total Amount Payable	£1,000.00	£1,000.00	£1,000.00	£1,000.00
Early Repayment Fee	Please refer to your Credit Agreement	Please refer to your Credit Agreement	Please refer to your Credit Agreement	Please refer to your Credit Agreement

Monthly payments are rounded to the nearest penny. Your Credit Agreement will confirm the exact repayment schedule, including any adjustment to the final payment.

Omni Capital Finance FAQs

Q: How long can I take out on finance?
A: South West Optics offers 3, 6, 10 and 11 month terms, all interest free at 0% APR. You can choose your preferred finance term on the product and checkout page.

Q: How do I choose to pay by finance?
A: Just select the finance option on the checkout page and hit the Pay by Finance button.

Q: Am I eligible to apply for finance?
A: You may be eligible to apply for finance if you are at least 18 years old, have a gross annual income of more than £5,000, are a permanent UK resident who has lived in the UK for at least 3 years, have a UK bank account capable of accepting Direct Debits, are not currently bankrupt, subject to an Individual Voluntary Arrangement (IVA) or holding any County Court Judgments (CCJs), and can provide an email address so your documentation can be emailed to you.

Q: Will a credit search be registered against me if I apply?
A: Omni will perform a ‘soft’ credit search on your credit file as part of their assessment. If your application is accepted, a ‘hard’ credit check may be made. Only you can see a ‘soft’ search, but a ‘hard’ check is visible to others viewing your credit file.

Q: Once my application is approved, what happens next?
A: Within minutes of your application being approved, you will be presented with the option to sign your credit agreement. If you are offered the ability to e-sign your credit agreement and choose to do so, a PDF of your credit agreement will be displayed on screen. You should read the credit agreement carefully before clicking all the relevant sections agreeing to its terms. Once you have agreed to the terms of the credit agreement we will be notified and you need do nothing more.

Q: What happens if my application is declined?
A: Omni may be unable to give you specific reasons why. You will receive an email providing further details of the Credit Reference Agencies used, and contact information for any queries you may have.

Q: When do my monthly repayments start?
A: Your first Direct Debit payment will be taken approximately 30 days after you receive your welcome email from Omni.

Q: Are there any fees for repaying my loan early?
A: There may be a fee for early repayment depending on the type of loan. Your Credit Agreement will detail the applicable fees for your product.

Q: Can I cancel my finance agreement?
A: You have 14 days to cancel your credit agreement. To cancel your goods or services you will need to speak to us directly at South West Optics. Cancelling your finance agreement with Omni without cancelling the goods or services will mean payment for the goods or services will still be required.

Q: Who do I speak to if I’m having trouble with my repayments?
A: Please speak to Omni as early as you can on 0333 240 8317. Information about how Omni can support you if you miss a repayment can be found at https://omnicapitalretailfinance.co.uk/money-worries/.