Moneyway Cycle Finance
Moneyway cycle finance is a simple way to finance the purchase of your KHS if you are buying direct from us. If you are buying from one of our dealers you will need to discuss the finance packages they have on offer directly with them.
Applicants must be UK residents, over 18 and employed for a minimum 16 hours per week.
Moneyway offer interest free 0%APR repayment terms of 6,10,12,18, 20, 24 months. The 18 month option is only available on bikes over £600 and 20 or 24 month options are only available on bikes over £1000. Do remember that the shorter the term the higher the monthly repayment.
A deposit of 10% is required for bikes upto £1000 and £100 minimum for bikes over £1000, but remember if you pay a bigger deposit it results in smaller monthly repayments. Your deposit must be paid using a visa, master or debit card in the name and address of the customer on the credit agreement. Your repayments will be made by direct debit.
As you are buying mail order a 14 day ‘cooling off’ period is applied from receipt of your signed agreement by Moneyway, allowing you to cancel for any reason. Once this period has passed and Moneyway have given us authority to do so, we will send you bike out to you.
Arranging an application is easy and takes no more than 5 minutes on the phone when you will get an immediate answer if you application is approved. Make sure your credit status has no black marks and you have a bank account registered to your home address.
Call us with your current account bank details and bank address, current and previous home address if you have moved recently, gross annual pay, employers name address and your job description We will input the information after we have calculated an acceptable deposit and repayment term with you.
Please Note: The finance is subject to status, credit checks and the terms and conditions set out in the credit agreement contract that you sign with Moneyway. The finance agreement is with Moneyway not KHS Bikes.
