Flexible Finance options

Criterium Cycles - Flexible Finance options
Jul 21 2021

Flexible Finance options

We offer a series of flexible finance options for orders of £600 and above subject to age and status.

To do this we have partnered with both Klarna Finance (for their Pay in 3 Instalments product) and V12 Retail Finance for both their interest free and interest bearing finance products of 6 months and longer.

Klarna – Pay in 3 Instalments

Criterium Cycles - Klarna Pay in 3 Instalments

We’ve partnered with Klarna to bring you flexible payments at checkout! Your bill is split into 3 equal payments which are collected every 30 days. No added interest or fees. Please spend responsibly. You need to be 18+ and Terms & Conditions apply. For more details click HERE.


V12 – Interest Free & Interest Bearing finance options

Wherever V12 Retail Finance options are available, you will be presented with a range of interest-free or interest bearing options at check out where you can use their brilliant online Finance Calculator to tailor your package to suit your budget consistent with whatever you are eligible for.

Criterium Cycles - V12 Retail Finance

As of July 2021, the following minimum spends are required for the various interest free and interest bearing finance options available:

Finance Product Minimum Spend
6 months Interest Free £600
12 months Interest Free £1200
18 months Interest Free £2000
24 months Interest Free £3000
36 months – 4.9% APR £3000
48 months – 15.9% APR £0

You can also view the Finance Calculator to view a representative example by clicking HERE.

How to apply for V12 Retail finance?

  • First, build your basket to a value of at least £600 (the minimum basket value we will accept if you wish to use V12 Retail Finance). Note – if you would rather call us to place your order rather than do it via the website then don’t worry – we can send you a secure hyperlink by email to make your V12 application instead
  • Choose ‘Pay by Finance’ during the checkout process.
  • Complete the fully secure finance application form in the checkout and click submit
  • V12 Retail Finance will provide you with a decision in seconds.
  • If your application is approved and you go on to complete the order process, your order will be submitted to Criterium Cycles. It usually takes 90 minutes to do this but in certain circumstances, it can take up to 24 hours.
  • Once we receive confirmation from V12 Retail Finance, we will start processing your order and then send you an acknowledgement. If the order includes a bike, we will call you to discuss the process of handover.

Who is eligible to apply for finance?

All applications for finance are subject to age, credit, status and any terms and conditions. You will need to:

  • Be at least 18 years of age
  • Have been a UK resident for 3 years or more
  • Be able to make repayments by Direct Debit
  • Be in regular employment (which is a minimum of 16 hours per week) including self-employment or be in a permanent residence with your partner who is in regular employment.

Terms and Conditions

  • Interest free Finance is only available on purchases with a total value of at least £600.
  • Finance is only available on products that have not already been discounted / in a sale unless clearly marked otherwise.
  • Criterium Cycles reserve the right to change any of our terms and conditions relating to any finance product at any time.

Company Information

Criterium Cycle Company Limited (T/A Criterium Cycles) is registered in Scotland no. SC439426. Our Registered Office is Dobbies Garden World, Melville Nursery, Lasswade, Midlothian, EH18 1AZ.

Criterium Cycles is authorised and regulated by the Financial Conduct Authority (FCA registration 679581) and acts as a credit intermediary, offering credit products provided by :

V12 Retail Finance. V12 Retail Finance Ltd is a trading name of Secure Trust Bank Plc which is registered in England & Wales No. 541132. Their registered office is One Arleston Way, Solihull, B90 4LH. Secure Trust Bank PLC is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority with registration number 204550. For more information, please visit v12.retailfinance.com

Klarna Bank AB (publ). Klarna Bank AB (publ) is authorised by the Swedish Financial Service Authority (Finansinspektionen) and is subject to limited supervision by the Financial Conduct Authority. Details about the extent of Klarna Bank AB (publ)’s regulation by the Financial Conduct Authority are available from them on request. Klarna Bank AB (publ) has its registered office at Sveavagen 46, 111 34 Stockholm, Sweden. Corporation ID number 556737-0431.

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