Interest free luxury watch finance deals

To make buying a luxury watch a simple, pleasurable experience for all our customers, we at Global Watch Shop are delighted to offer a range of low interest and interest free luxury finance deals. With various payment options available, helping to spread the costs over an extended period, GWS make luxury watch ownership more affordable than ever.

We appreciate that people’s circumstances are different when purchasing a watch, so have designed a diverse range of finance options to suit the differing needs of our customers. We are delighted to be able to offer pay monthly, and interest free luxury watch finance deals. What’s more, if you’re looking to upgrade a current timepiece, you can also trade this in to lower your costs.

Below are the details of our 5 standard watch finance packages.

OPTIONSMINIMUM DEPOSITMINIMUM FINANCE VALUE
Interest Free 12 (0%) 10% £1,000
Repayment 24 (7.9%) 10% £1,000
Repayment 36 (7.9%) 10% £1,000
Repayment 48 (9.9%) 10% £1,000
Repayment 60 (9.9%) 10% £1,000

Representative Example: Total amount payable includes deposit amount. Representative example: Cash price £7,500, Deposit £1,500, Loan Amount £6,000, 7.9% APR representative, 7.9% p.a fixed, 36 monthly payments of £187.01, Total term of loan agreement 36 months, total amount payable £8,232.36.

FINANCE ENQUIRY

*Please note that not all finance packages are available on all watches. 

FAQs /
TERMS & CONDITIONS

FINANCE TERMS & CONDITIONS
Buying a luxury watch is an investment, so we offer a variety of interest free credit and longer term, interest bearing finance options to help spread your payments. Spend up to £25,000 and you can choose to spread your payments over 12, 24, 36, 48, or 60 months, with a minimum 10% deposit. Purchases over £25,000 can be made but will require a deposit equal to the total balance over £25,000 as £25,000 is the maximum loan value available. To apply for finance, you must be 18 years or older, in permanent paid employment (over 16 hours / week) and resident in the UK for a minimum of 12 months. You must also be able to make regular payments by direct debit and be purchasing for personal, not business use.

Other conditions may apply and we cannot guarantee that your application will be accepted. If your application is successful, you’ll be asked to pay your deposit using a credit or debit card registered in your name. Stock will not be allocated until the application has been completed and approved. We reserve the right to withdraw finance on certain products at any time. Payment on finance is provided through our external partner, Hitachi Capital UK Plc.

Items can only be dispatched to the billing address unless prior arrangements have been made (please contact us prior to application for further details). Should you cancel your credit agreement and have already received products from us, then you will be liable to pay us in full for the product (unless your cancellation rights apply). Please note the above terms are for online purchases only, finance is also offered in our store with varying terms available, please contact the store to discuss the options available.
How do I choose to PaybyFinance?
Just select the finance option on the checkout page or let the sales consultant know if you're buying in our Chancery Lane showroom.
Who is eligible to apply for online finance?
To apply for online finance, you must be over the age of 18, work at least 16 hours a week, or be retired with an income. You must also be a resident of the United Kingdom and have lived in the UK for the last 12 months or more. Unfortunately, we are unable to offer online finance to residents of Eire. Homemakers aren't excluded from applying under their own names; however we will require the employment details of your spouse / partner in order to process your application.
When do my repayments start?
Your monthly repayments will begin one month after your purchase has been delivered.
Are there any arrangement fees or hidden extras for credit?
No. There are no arrangement fees or hidden extras.
Applying for online finance
Applying for online finance couldn't be easier or more convenient. When you buy online from Global Watch Shop you have the choice of applying for finance by adding your purchase to the shopping basket, selecting the finance option, and completing an online application form. Just follow the simple instructions, entering your personal details as required and we'll do the rest. The whole process only takes a few minutes and is simple and secure. Once your finance application is approved, you will then be advised of how to sign the finance agreement and you will also receive an email confirming these details. Please read the agreement carefully checking that all the details are correct, then either electronically sign the agreement or print and sign the agreement in both boxes. Post the signed agreement to the address shown on the covering letter of the agreement. Following receipt of your finance agreement and a few additional checks, your goods will be dispatched.
Once my application is approved, what happens next?
Within minutes of your application being approved, you will be presented with the options to either e-sign or print and return your finance agreement. If you choose to e-sign your agreement, a PDF of your agreement will be displayed on screen. You should read the agreement carefully before clicking all the relevant sections agreeing to its terms. Once you have agreed to the terms of the finance agreement Global Watch Shop will be notified and you need do nothing more. If you choose to print and return your agreement you should print the agreement, read it carefully and then sign the document following the instructions on the covering letter. This signed document should then be posted to the address shown on the covering letter of the finance agreement. Note that products will not be allocated to your order until your completed and signed agreement is returned and received by Hitachi Personal Finance. Shipment of your goods will follow soon after your agreement has been returned and received.
Will you credit score me and if so, what does this mean?
Credit scoring is the process used by financial services companies to evaluate the credit risk of new applicants. This technique will be applied to your application for online finance. Credit scoring works by awarding points for each answer given on the application form such as age, income and occupation, together with information obtained from credit reference agencies. This information allows us to produce consistent decisions, ensuring all our applicants are treated fairly. Credit scoring does not discriminate on the grounds of sex, race, religion or disability.
If you decline my application, what is the reason?
In addition to credit scoring, we also take into account confirmation of your identity, validation of certain application details, existing commitments and information held at the credit reference agencies. Though we are unable to provide you with a main reason for decline of your application, it is usually based on one, or a combination of the following:
- Your credit score (please note that every finance company will score you differently)
- Adverse credit reference agency information
- You are considered to be overcommitted
- You are aged under 18
- Your existing account performance with other lenders.
What type of information do credit reference agencies hold about me?
Some of the information is public information, for example electoral roll, County Court Judgements and bankruptcies. Other lenders may also file information about accounts you hold with them for instance this could include your payment history and outstanding balance on these accounts. Any requests for credit, where a credit reference search has been undertaken, will also be filed, although the result of the request is not recorded.
How do I obtain a copy of this information?
You should send a cheque for £2.00 made payable to the relevant credit reference agency, together with details of all addresses at which you have lived over the last 6 years:
- Experian Limited, Customer Support Centre, PO Box 9000, Nottingham, NG80 7WF
- Equifax Ltd., Customer Service Centre, PO Box 10036, Leicester, LE3 4FS
- Callcredit Limited, Consumer Services, PO Box 491, Leeds, LS3 1WZ The above listed agencies will provide details of information relating to these addresses. If you believe that the information is incorrect, you can ask the agency to correct it.
If my application is not successful, can I re-apply?
Yes. We acknowledge that your circumstances change and just because we have refused a previous application, it does not mean that we'll automatically turn down a further request. We do suggest however, that you leave at least 6 months between applications.
Can I request delivery to an address other than my home?
In order to safeguard against fraudulent applications, we regret that we're able only to deliver goods to the home address of the applicant.