Interest Free Electric Bike Finance

Work Out your Options with our Finance Calculator

To see how different deposit amounts and finance terms affect the monthly payments, try our quick-and-easy finance calculator below.

Finance is based on a £2000 bike.

0% Finance from
£ per month

What is our Interest Free Finance Scheme?

Our 0% APR finance scheme on our electric bikes allows you to pay for your bike in small, manageable amounts over 6 or 12 months. This means with the minimum 10% deposit you can own almost any of our bikes from as little as £120 per month, even less with a larger deposit. All prices include VAT, UK mainland delivery and 2-year warranty.

Our finance scheme is through Hitachi Capital, who is authorised and regulated by the Financial Conduct Authority.

The Information you will need to Supply

  • Income
  • Current and previous addresses if necessary
  • A few other details

Your information will not be received, held or processed in any way by 50cycles and you will be automatically returned to our website once your application is complete.

Finance Frequently Asked Questions

How do I choose to PaybyFinance?
As well as credit or debit card payment options, you can pay a deposit and apply for finance when checking out. The whole process only takes a few minutes and is very simple and secure. In most cases an instant decision will be made, so there's no waiting around.

1. Select your bike, check out and select Interest Free Finance as your
payment type.

2. Select how much of a deposit you want to pay now.

3. You’ll then be taken to Hitachi Capital's secure website to go through your
finance application.

In many cases you will not need to print out any paperwork, instead you'll be asked to electronically sign your application if the finance provider requires no further information. A printed and signed application is sometimes required, however.

Note: Should your finance not be accepted you will be refunded your full deposit amount.


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 50cycles Ltd 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 50cycles Ltd 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.


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.


Interest Free Finance Example

Up to 12 months 0% APR representative interest free finance
Spread the cost with our interest free finance available online and in store.
Our simple finance options allow you to spread the cost of your purchase over 6 or 12 months.

All you need to do is:

1. Spend a minimum £390 and above
2. Place a 10% deposit
3. Minimum finance amount after deposit £350 and above

We offer two simple finance options to help you spread the cost of your
purchases.

  • 6 months interest free finance on orders of £390 and above
  • 12 months interest free finance on orders of £390 and above

The table below shows you how much monthly repayments will be based on the total order value.

Order Value Term (months) Deposit Monthly Payments
£500 6 £50 £75
£1000 6 £100 £183.33
£1000 12 £100 £91.67
£2000 12 £200 £150.00

Will I be credit scored and if so, what does this mean?

Credit scoring is the process used by financial service 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 (e.g. 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 my application is declined, why might that be?

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 the decline of your application, it is usually based on one, or a combination, of the following:

  • Your credit score (please note 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 the credit reference information?

The agencies listed below will provide you with details of the information related to your past addresses. You should send a cheque for £2.00 to the below agency of your choice, ensuring the check is made payable to them, together with details of all addresses at which you have lived over the last 6 years: 

  • Consumer Help Desk Experian Limited, PO Box 8000, Nottingham, NG1 5GX 
  • Equifax Ltd., Credit File Advice Centre, PO Box 1140, Bradford, BD1 5US  
  • Consumer Services, Callcredit Limited, PO Box 491, LEEDS, LS3 1WZ

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 we'll automatically turn down a new application. We do suggest however, that you leave at least 6 months between applications.

If you have a query that isn’t answered by the information on this page, please feel free to contact us by either phone, email or our online chat function.