Consumer Finance with Novuna

Consumer Finance Options Explained

Spread the cost of your new Brother Commercial embroidery machine with finance from Novuna Personal Finance, a trading style of Mitsubishi HC Capital (UK) PLC. Consumer finance is currently available exclusively on the Brother PR680W and Brother PR1060W.

Why choose consumer finance?

0% interest

Pay exactly the cash price of your machine, spread over fixed monthly payments.

No deposit required

When you apply by phone or in-store.

Fixed monthly payments

Make budgeting simple, with no hidden costs.

Quick decisions

A soft credit search won't affect your credit score, and online applications can receive an immediate decision.

Start straight away

Start using your new machine straight away, rather than waiting until you can pay the full price upfront.

Terms to suit you

Spread your payments over 12, 18, 24 or 30 months.

Available finance options

Interest-free finance (0% APR)

This is the simplest option. You pay exactly the price of your machine — nothing extra — split evenly across fixed monthly payments over an agreed term. There's no interest and no arrangement fee, and the amount you pay each month never changes.

● No deposit needed if you apply by phone or in branch

● A minimum 10% deposit is required if you apply online at checkout

● Because there's no interest, the total you pay back is exactly the same as the machine's price — see the representative examples below

The term you can choose depends on how much you're spending:

Minimum spend (inc. VAT)	Term available
£1,000+	Up to 12 months
£2,000+	Up to 18 months
£3,500+	Up to 24 months
£5,000+	Up to 30 months

Both the PR680W (£6,999) and PR1060W (£9,999) are priced well above the £5,000 threshold, so you can choose any term up to 30 months on either machine — a shorter term means higher monthly payments but less spread out; a longer term means lower monthly payments over more time.

Buy Now Pay Later (deferred payment)

This option lets you take your machine home today and put off making any payments for an initial period. Here's how it works:

● You receive your machine straight away, with nothing to pay during the initial deferral period

● Pay off the full balance before the deferral period ends, and you won't pay any interest at all — there may be a small administration fee, but that's it

● If you only pay off part of the balance during that time, or don't pay anything, interest starts being charged on whatever's left, at a representative rate of 14.9% APR

● Once the deferral period ends, you'll make regular monthly payments — including any interest that's built up — until the balance is cleared

Ask us for the current deferral period and full terms for this option when you enquire, as these can vary and aren't fixed to a single length.

Interest-bearing credit

If you'd like the lowest possible monthly payment and are happy to pay interest for the privilege, this option spreads the cost over a longer term than the interest-free plans above. Payments start straight away — there's no deferral period.

● Term of up to 48 months — the longest available, giving the lowest monthly payment

● Fixed interest rate for the whole agreement, at a representative rate of 12.9% APR

● Regular fixed monthly payments from month one until the balance is cleared

● Available on orders from £3,000

A few terms explained

Term	Hire Purchase
0% Interest	You only ever pay the price of the item itself, nothing extra
APR (Annual Percentage Rate)	The standard way of showing the true yearly cost of borrowing, including interest and most fees. The lower the number, the cheaper the credit; 0% APR means completely free credit
Representative APR	Not everyone is offered the same rate, so “representative” means at least 51% of people accepted for the credit will get this rate or better
Deposit	Money you pay upfront, which reduces the amount you need to borrow
Credit subject to status	Whether you're accepted, and on what terms, depends on things like your credit history, so it isn't guaranteed
Soft credit search	A check we use to see whether you're likely to be accepted, without leaving a mark on your credit file

Representative Examples

These examples show how the figures work out for a typical customer at each available term. They're for illustration only and don't constitute a credit offer — your own terms will be confirmed once your application is assessed.

12-month 0% finance

Cash price	£6,999.00
Deposit	£0.00
Amount of credit	£6,999.00
Duration of agreement	12 months
12 monthly payments of	£583.25
Total amount payable	£6,999.00
Interest rate	0% fixed
Representative APR	0% APR representative

18-month 0% finance

Cash price	£6,999.00
Deposit	£0.00
Amount of credit	£6,999.00
Duration of agreement	18 months
12 monthly payments of	£388.83
Total amount payable	£6,999.00*
Interest rate	0% fixed
Representative APR	0% APR representative

*Final monthly payment may be adjusted by a few pence to balance the agreement exactly to the cash price.

24-month 0% finance

Cash price	£6,999.00
Deposit	£0.00
Amount of credit	£6,999.00
Duration of agreement	24 months
12 monthly payments of	£291.63
Total amount payable	£6,999.00*
Interest rate	0% fixed
Representative APR	0% APR representative

*Final monthly payment may be adjusted by a few pence to balance the agreement exactly to the cash price.

30-month 0% finance

Cash price	£6,999.00
Deposit	£0.00
Amount of credit	£6,999.00
Duration of agreement	30 months
12 monthly payments of	£233.30
Total amount payable	£6,999.00
Interest rate	0% fixed
Representative APR	0% APR representative

Interest Bearing Credit

Cash price	£6,999.00
Deposit	£0.00
Amount of credit	£6,999.00
Duration of agreement	48 months
48 monthly payments of	approx. £184.98
Total amount payable	approx. £8,879.0
Interest rate	12.90% fixed
Representative APR	12.9% APR representative

Buy Now Pay Later (deferred payment)

12-month deferral + 24 monthly payments (36-month term)

Cash price	£6,999.00
Deposit	£0.00
Amount of credit	£6,999.00
Deferral period	12 months - nothing to pay
Balance after deferral (with interest accrued if not cleared during deferral)	approx £8,041.85
Repayment period	24 months
Total amount payable (if not cleared during deferral)	approx £9,263.95
24 monthly payments of	approx £386.00
Interest rate	14.90% fixed
Representative APR	14.9% APR representative

An Early Settlement Fee of £29 if you settle in full during the deferral period.

How to apply

By phone or in-store

Speak to our sales team, and we’ll talk you through your options — no deposit is required this way.

Online

Apply at checkout with a minimum 10% deposit. We’ll run a soft credit search, which won’t affect your credit score, and you’ll typically receive an immediate decision.

Am I eligible?

● You must be 18 or over and a UK resident

● Finance is subject to status and Novuna’s standard credit assessment

● Available to individual (personal) customers — for business customers, see our Business Asset Finance page for hire purchase and lease rental options

Important information

Credit is provided by Mitsubishi HC Capital (UK) PLC, trading as Novuna Personal Finance, authorised and regulated by the Financial Conduct Authority (register no. 704348).

You will need to keep up with your monthly payments. Missing payments could affect your credit rating and your ability to obtain credit in the future.

Finance is only available on the Brother PR680W and Brother PR1060W. Terms and availability may change without notice — please confirm current terms when you apply.

Stocks Sewing Machines Ltd is authorised and regulated by the Financial Conduct Authority (Firm Reference Number 663301) and acts as a credit broker, not a lender. We work with a panel of finance providers to find the right funding solution for your business, and may receive a commission from the provider for introducing you — this comes at no extra cost to you.

Call 0113 242 9378 — Monday to Thursday, 08:30 am to 5:00 pm; Friday, 08:30 am to 4:00 pm.