You are here: Home - Credit Cards & Loans - News -

AO launches AO Finance to spread the cost of purchases

Written by: Emma Lunn
Online electrical retailer AO is offering a finance option it claims is up to 20 per cent lower than competitors.

AO Finance aims to provide customers a new easy and affordable payment option on purchases at the online retailer.
Its headline APR is 19.9 per cent. It says this is 5 per cent lower than Currys (24.9 per cent), 10 per cent lower than Argos (29.9 per cent) and 20 per cent lower than Very (39.9 per cent).

Customers who sign up to AO Finance before 25 September and spend at least £299 on their first purchase can receive £25 cashback.

AO Finance is available across all products online with no minimum spend needed and will appear as a new payment option for customers when they checkout.

Customers wanting to use the new service will need to complete a one-time online application process to apply for credit and set up their account.

After this, AO Finance will inform customers of their eligibility, including credit limit and APR before a credit check is complete and logged on their credit file.

Once customers’ accounts are activated, they will be given a credit limit which they’ll be able to use whenever they want to, without the need to reapply for credit each time they wish to purchase another product.

David Lawson, managing director of, said: “As we approach an important time of year, customers want options while shopping and AO Finance gives them lots of choices, way beyond what they have had before.”

AO Finance is provided by consumer finance provider NewDay.

Ian Corfield, chief commercial officer at NewDay, said: “We are delighted to have partnered with to offer AO Finance to its customers. The addition of this new payment option will be beneficial to customers as they can now pay for products in a more flexible way to better suit their needs.”

AO launched AO Mobile last month, offering contract and handset-only deals from the four major mobile networks.

Related Posts

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Your back-to-basics ISA guide for 2020/21

You have until 5 April to use up the remainder of this year’s ISA allowance before it’s gone for good. Her...

A guide to Sharia savings accounts

A number of Sharia savings products have upped their game in recent months, beating more familiar competitors ...

Five ways to get on the property ladder without the Bank of Mum and Dad

A report suggests the Bank of Mum and Dad is running low on funds. Fortunately, there are other options for st...

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Having a baby and your finances: seven top tips

We’re guessing the Duchess of Cambridge won’t be fretting about maternity pay or whether she’ll still be...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Money Tips of the Week

Read previous post:
Barclays issues money mule warning to university students

Bank warns that young people are being actively targeted by criminals as they start the new academic year.