Pay4Later 

Consumer credit service provided by Pay4Later in association with Moneyway. Pay4Later is licensed by The Office of Fair Trading (Consumer Credit Licence: 0616240). For more information please refer to our frequently asked questions or visit http://www.pay4later.com/.

Moneyway is a Trading name of Secure Trust Bank PLC. Secure Trust Bank is authorised and regulated by the Financial Services Authority, licensed by the Office of Fair Trading and a member of the Finance and Leasing Association. For more information please visit http://www.securetrustbank.com/.

Take It Away

Take it away is an Arts Council initiative designed to help more people get involved in learning and playing music. This scheme is now available to telephone customers as well! 

Take it away is open to everyone (between the ages of 18-25), but primarily designed to help those who might otherwise be unable to afford an instrument appropriate for their needs.

How do I "Take It Away"?

Once you've found the instrument you want to buy, you can apply for a Take it away loan to finance your purchase. Please note: Online customers can only apply for Take It Away over the telephone.

Call is on 0845 500 23 23

You will need to have a credit or debit card with you in order to pay the 10% deposit. The application process takes no more than a few minutes and, if approved, you can make your purchase there and then! If you are unemployed or too young but would still like to Take It Away then it's simple to get someone who is elligibale to do it for you!

How it works - Online Customers:

• A member of the Umbrella Music sales team will take your deposit by credit or debit card over the phone. It is up to you how much of a deposit you put down on your purchase but the minimum is 10%.
• We will then take some details from you, like employment status, age, all pretty simple stuff. These details will go straight into the finance system to be credit checked.
• Umbrella Music staff will post the paperwork to you to sign. 
• You sign the paperwork and return it to us and hey presto your done!

About Take It Away

TIA priorities are:

• to encourage children and young people to develop their interests and skills in music making
• to inspire new players of all ages to begin learning an instrument
• to enable those on lower incomes to acquire an instrument appropriate to their needs (or the needs of their children)

Typical 0% APR

Offer subject to age and status. Terms and conditions apply. Take it away is operated by ArtCo Trading Ltd, a wholly owned subsidiary of Arts Council England and a limited liability company registered in England & Wales under No. 2758433. Registered address: Arts Council England, North East, Central Square, Forth Street, Newcastle upon Tyne, NE1 3PJ

How Much Can I Borrow?

Loans are available up to £2,000, or as little as £100. The loan amount can be a part-payment towards an item that costs more than £2,000, or you can buy several lower value items with a combined value of up to £2,000 or more.

You will need to pay a minimum 10% of the loan amount to start with. The rest is then paid back over nine months in equal instalments. 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.

To apply for a loan you need to be:

• 18 years old or over*
• A permanent UK resident
• Hold a bank or building society account capable of handling direct debit payments
  * if you are under 18, your parent or guardian can apply for a Take it away loan on your behalf. Loans are subject to status. Terms and conditions apply.

What can I buy?

You can use Take it away to finance the purchase of any kind of musical instrument, whether new or reconditioned, from a tabla to a tenor horn, a bass guitar to a berimbau. You can also include music stands, stools, sheet music, amplifiers, equipment and sometimes tuition as part of your loan.

Questions

Who runs Take it away?

Take it away is an Arts Council England initiative operated by its trading company, ArtCo Trading Ltd. Secure Trust Bank (trading as Moneyway) is the credit provider.

If the customer doesn't pay interest on the loan, who does?

The scheme is subsidised by Arts Council England. This means that the Arts Council pays the interest to the bank, instead of the customer.

Do I need to take proof of address or photo ID with me?

No, you just need to have your credit or debit card with you. However, if you are paying your deposit by Cash or Cheque, then photo ID is required.

Can I use the scheme if I am unemployed?

Unfortunately, we are unable to accept applications from people who are unemployed and in receipt of state benefits.

Can I use the scheme if I am a student?

Students are eligible to apply, provided that they have a part-time job working 16 hours a week or more. Students who don't qualify under this provision can still benefit from the scheme, but must ask a parent or guardian to apply for the loan on their behalf. Once the loan has been approved, you can contact the bank to arrange for the monthly direct debit to be changed to your bank account, rather than being charged to your parent/guardian. PLEASE REMEMBER THAT IF YOU DEFAULT ON PAYMENTS THE PARENT/GUARDIAN IN WHOSE NAME THE LOAN HAS BEEN TAKEN OUT WILL REMAIN LIABLE.

Can I take my new instrument home immediately?

Yes. Once you have signed the agreement and paid your deposit you can take your new instrument away with you immediately.

Is the scheme available outside England?

At the moment Take it away is only available through retailers based in England. However, If you live outside of England give us a call on 0845 500 23 23 and we will be happy to process the application for you as a mail order.

Can the loan be used when the value of the instrument is higher than £2,000?

Yes. The loan can go towards the payment of an instrument that costs more than £2,000.

Can I take out more than one loan at once?

You can borrow up to £2,000 at any one time, and this can be put towards the cost of one or more instruments. You can also have different loans with different outlets running concurrently.

Can I use the scheme more than once?

Yes, there is no limit on the number of times that you can use the scheme. However, you will normally have to allow at least three months between loan applications in order to establish a repayment record with the bank.

Can I use the scheme to buy instruments for other people?

Yes, you can use the scheme to buy instruments for other people including children and young people under the age of 18. However, please remember that you will remain responsible for repaying the full loan amount to the bank and that the loan is not transferable to a third party.

Can I use the scheme to purchase a second hand or reconditioned instrument?

Yes!

Can I use the scheme to pay for music services such as tuition?

This will depend on the services available through the shop in which you are making your purchase. Some stores are able to provide lessons and other music services which can be added to your loan. Please ask for details when making your purchase.

Can I use the scheme in conjunction with the VAT free scheme operated through my Local Music Service?

No. The two schemes are distinct and because Take it away is only available to individuals (rather than through schools or other organisations). We would advise customers to make their own decision about which scheme best suits their needs based on their individual requirements and circumstances.

What happens if I don't pass the credit check?

You would need to speak with the bank directly. The sales person in the shop would give you the contact details.

Can I cancel the loan once I've signed the agreement?

No. Unless you have made your purchase by mail order, in which case you can cancel the agreement within 14 days.

What happens if I change my mind and want to return the instrument that I have bought?

As long as your item is within our standard return policy then you can return the item as normal for a refund.

Can I pay off the loan early i.e. before the 9 months have passed?

Yes. You can pay the balance of your Take it away loan early and there will be no penalty charge for this. You would just need to call the bank directly on 0845 111 7107 to arrange this. This applies to both in-store and mail order loans.

When will my first payment be made?

This will normally be around 30 days from the date of your purchase, or the expiry of the cooling off period if you have made your purchase by Mail Order.

Can I change my monthly payment date?

Yes, providing that the new date is no later in the month than the original due date.