Omni Capital Retail Finance (‘Omni Capital’) is one of the UK’s leading providers of point-of- sale consumer finance. Working closely with retailers and suppliers nationwide, Omni helps consumers pay for products and services in manageable monthly installments.
Omni operates across a wide range of sectors - from home improvements to field sports and cosmetic surgery – and provides instant, paperless credit decisions instore or online. Omni Capital is a member of the Finance & Leasing Association and is authorised and regulated by the Financial Conduct Authority (Firm Reference Number: 720279).
Some more information about Omni:
Yes of course If you CLICK HERE this will launch a full demo of the app and give a quick in app tutorial so you can see how easy it is to use.
Phoenix Financial Consultants are the retailer who carries the FCA licence and will be disbursing the funds to engineers on completion of works.
Your customer can choose a loan term of 3, 5 or 7 years.
Yes you certainly can as long as you are not giving any advice at any point or quoting APR’s. You can advertise for instance "Boiler Finance Available" and run it on all your Adverts, Vans, Flyers, Website, Facebook page anywhere and everywhere really.
The referral goes directly to an underwriter who will review the application within 9 minutes. Once their decision has been made, you will be notified about whether your customer has been accepted or declined.
Not in the initial stages since we conduct automatic identification checks as part of the application. However, if the application is referred to an underwriter, proof of ID may be requested.
No, your customer can repay their loan at any time without incurring any early repayment fees or interest.
Your customer can borrow a minimum of £250 up to a maximum of £25,000.
The loan can cover the purchase of your customer's boiler or bathroom, all materials and your labour charges.
You can choose any manufacturer, any make and model including Natural Gas, Oil, LPG & Biomass.
Your customer must be 18 years or over. There is no upper age limit.
Yes, the applicant just needs to have an income of at least £5,000.
30 days after your customer’s application has been completed.
Yes, your customer can change their re-payment date by up to 14 days from the original due date. Please call or email Omni to arrange this.
Your customer does not receive the money. You (the engineer) will receive the funds that the customer has applied for (minus the 5% admin fee as explained in another FAQ and in the video above). This makes the process safer for all engineers.
Payments are made via faster payments every Tuesday or Friday and are made within 72 hours of Phoenix receiving the money from finance house Omni.
The finance subscription is £100 per year + Vat. You will also need a full Gas App Uk membership at £15 per year. A subscription to Gas App Uk is required at all times to access the finance feature within the app. Finance subscriptions will be taken automatically on every 12 months on the anniversary of your subscription using the payment card that you initially used to sign up to the service. You should ensue that payment details are kept up to date to ensure continuity of your subscription.
For every loan completed, there is also a 5% admin fee deducted from the loan as per the video above.
If you have a complaint, or any further questions, please contact the scheme’s providers Phoenix Financial Consultants:
Phone – 03300 414857
Yes, a full VAT invoice will be raised after your account is live. The invoice is usually available around 10 days after you sign up for the finance subscription.
Yes we can accept customers whom reside in Northern Ireland.
That is fine as long as they still have an income of greater than £5k - i.e. there pension is the income.
Yes, enter the value of the loan and the deposit value. Your customer is, in effect, paying some of the balance for the job then getting the rest on finance.
You can split the invoices or submit one invoice for everything. You may wish to split the invoices if e.g. you are not VAT registered and want some of the loan to go to your merchants to pay for materials.
A satisfaction note needs to be signed by the customer upon completion of the job to say they are satisfied with the works you have completed in order for you to get paid. There is a tab in the FINANCE section within the App itself where you will find the satisfaction notes. In this area you simply complete your customer details and get them to sign the screen and click submit this gets directly sent to Phoenix to be added to the customers file.