 
Take it away is an Arts Council initiative designed to help more people
get involved in learning and playing music. The scheme allows
individuals to apply for a loan of up to £2,000 for the purchase of any
kind of musical instrument, and pay it back in nine monthly
instalments, completely interest free.
What Can I Buy?
You can
use Take it away to finance the purchase of any kind of musical
instrument, whether new or reconditioned. You can also include music stands, stools,
sheet music, amplifiers, equipment and tuition as part of
your loan.
Recorded music, PA systems and computer hardware are not eligible to purchase under the scheme. Click here for a full list of eligible and ineligible items.
Where Can I Buy?
First,
visit a participating store and find an instrument that you want to
buy. If you don't know what you're looking for, staff in the store will
be able to give you help and advice in selecting the right instrument
for your needs.
Once
you've
made your decision, you can apply for a Take it away loan to
finance your purchase. If you are able to get to the store then you can
apply for the loan in-store. You will need to bring 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 take your purchase
away with you there and then.
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.
Do I have to visit the store?
No.
If you know what you want but don't live close enough to get into the
store, then you can apply for the finance over the phone, the paper
work will then
be sent out to you to sign, then simply send the signed forms back to
the
store. There is a 14 day cooling off period before the store will send
out the goods, after this time the agreement can't be cancelled and the
goods will be sent out to you, and the paper work sent to MIFCO
(Musical Instrument Finance Company) for
processing and aproximetly 30 days after this the first payment will be
taken by direct debit from your bank account.
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. All Items on our website, will show you the breakdown
in the item description of how much the deposit will be, how much your
monthly payment will be and finally how long you have to pay over.
You
will need to pay a minimum 10% of the loan amount at the point of sale as a deposit.
The rest is then paid back over nine months in equal installments. 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 you see.
Example: Price £1800, Deposit £180 then 9 monthly installments of £180.
You
can apply for the loan in store when you purchase, or over the
telephone when you make your order. For more information you can simply
call us and discuss the finance option with one of our staff on 0114 247 2200 or call in and speak to us in person.
You can visit the official "Take it Away" website by clicking here. Take it away is open to everyone over the age of 18. Drum Stop Also Offer Finance Deals over 12 Months, 18 Months, 24 Months, 36 Months and 48 Months, please ask for a quote for these different Finance Terms.
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