Finance options with Keysound

At Keysound we offer a wide range of finance options to help you with the purchase of your new instrument. So whether is a starter keyboard or a top of the range Digital Piano we have the finance options to suit you

Klarna and PayPal ‘Pay in 3’ Credit
Spread the cost of your purchase over 3 months interest free with either Klarna or PayPal ‘Pay in 3” schemes.
For example choose a Piano at £399.00 and pay £133.00 on the day of purchase followed by 2 further monthly payments of £133.00. Total payable £399.00.

Klarna is available £1000 and under and Paypal is available for purchase £2000 and under.

These can be applied for at checkout.

Take It Away Scheme
Keysound are delighted to offer the Arts Council funded 'Take it Away' scheme. You can split the cost of any qualifying instrument into 10 equal monthly payments without having to pay any interest charges. Take it away is operated by Creative United, a not-for-profit Community Interest Company.

The aims of the scheme are:
-To increase access to owning musical instruments for children and young people
-To encourage participation in music making across a wide cross section of society
-To support children and young people to develop their involvement and interest in music during and post-education
-To engage and work with a network of specialist musical instrument retailers across the country who provide a range of support services to customers including information and access to tuition and opportunities for developing musicians

Customer eligibility:
To be eligible to apply for a Take it Away loan, customers must be:

All applicants are subject to a credit check and must also:

1. Be a permanent UK resident
2. Be over 18 years old
3. Have a regular income that exceeds £5,000 per year
4. Hold a bank or building society account capable of handling direct debit payments

How does it work?
You can use Take it away to borrow between £100 and £2,000 towards the costs of your chosen instrument, and you can also include music stands, sheet music and other accessories within the loan.
You will need to pay a minimum 10% of the loan amount at the point of sale by debit or credit card (or cash/cheque with proof of identity). The rest is then paid back over 9 months (for goods of £100 - £2,000) in equal instalments by direct debit.
There is no administrative charge or handling fee when you take out the loan, so you will never be paying more for your purchase than the ticket price Take it away can be used to finance an instrument that costs up to £4,000, however, the amount lent cannot be more than £2,000.
Example 1 a customer buys a piano for £3,500, the deposit has to be £1,500 leaving £2,000. Then the Take It Away can be Used to finance the remaining £2,000, where the repayments will be £222.22 per month for 9 months.
Example 2 a customer would like to purchase an instrument of £1,200 the minimum deposit required is 10% of the total purchase, in this case £120 followed by 9 monthly repayments of £120.

Please note that multiple Take it away loans cannot be used to finance the same instrument. Finance is subject to status, written details on request.

V12 Retail finance
Interest bearing finance works like a traditional loan. You make a purchase, and you pay back the amount you borrow plus interest, over a fixed term. please find below some examples

A customer buys a piano for £3,500 and makes a deposit of £1,500, leaving £2,000 to be financed (amount of credit). Here are the repayment details for different loan durations at 19.9% APR:

• For a 12-month loan: The customer will make monthly payments of £185.83. Over the course of the 12 months, the total amount repaid will be £2,229.96, cost of finance £229.96, annual rate of intrest 10.18% (fixed).
• For a 24-month loan: The customer will make monthly payments of £101.18. Over the course of 24 months, the total amount repaid will be £2,428.32, cost of finance £428.32, annual rate of intrest 10.08% (fixed).
• For a 36-month loan: The customer will make monthly payments of £73.84. Over the course of 36 months, the total amount repaid will be £2,658.24, cost of finance £658.24, anual rate of intrest 10.23% (fixed).

A customer wants to purchase an instrument for £1,200 and makes a 10% deposit of £120, leaving £1,080 to be financed. Here are the repayment details for different loan durations at 19.9% APR

• For a 12-month loan: The customer will make monthly payments of £100.39. Over the course of the 12 months, the total amount repaid will be £1,204.68, cost of finance £204.68, annual rate of intrest 10.18% (fixed)..
• For a 24-month loan: The customer will make monthly payments of £54.64. Over the course of 24 months, the total amount repaid will be £1,311.36, cost of finance £311.36, annual rate of intrest 10.18% (fixed)..
• For a 36-month loan: The customer will make monthly payments of £39.95. Over the course of 36 months, the total amount repaid will be £1,438.20, cost of finance £438.20, anual rate of intrest 10.23% (fixed)..

These examples illustrate how the total repayment amount and monthly payments vary based on the length of the loan period.

IMPORTANT:If any finance agreement is completed online or via a mail order agreement the order can only be delivered to the registered home address on the finance agreement. This is a proof of address and fraud and theft prevention.

What do I do now?

1. Choose the instrument you would like to purchase on our website
2. Select your accessory bundle if required (it will be automatically added to the price.)
3. Click the button "Add to Basket
4. Click the button "Delivery Option" if it is showing (this will calculate your postage and packing price if applicable)
5. Enter your postcode and click the button "Submit Postcode" (this will now calculate your postage and packaging price)
6. Click on the button "Please Continue to Checkout)"
7. Click the button "Check out with Finance" (this will take you to a page where you can change the deposit if required) then simply click "Apply Now" on the finance your require.
8. Simply follow the steps on the page

If you prefer to talk to one of our advisers then you can call us on 0116 2541053 (Between 10am-5pm, Monday- Saturday) or email sales@keysound.co.uk We will ask you a few simple questions, to verify that you qualify, and if you decide to go ahead, we will make your application.