IKANO Bank Terms and Conditions

1 Interpretation. In this agreement, 'we', 'us' and 'our' means Ikano Bank AB (publ). 'You' and 'your' refer to the person named under 'Your details' over the page. 'Amount of Credit' means the amount shown over the page next to those terms. 'Loan' means the credit facility provided under this Agreement

2 Agreement. We agree to provide the Amount of Credit under these terms. This agreement will only become binding upon us when it is signed on our behalf. We may reject any application.

3 Payments. You authorise us to pay the relevant part of the Amount of Credit to the Retailer, including the amount for any warranty you have selected. Where applicable you confirm that you have read and understood the terms of any warranty you have selected. You agree to repay the Amount of Credit by monthly payments as set out over the page. You must make the payments by Direct Debit from an account you maintain with a bank or building society in the United Kingdom. You must make the first payment on the day we tell you. Following payments will be due on the same date in each following month. You must notify us immediately if you change your bank or building society account. Credit card and Debit card payments will only be accepted at our discretion. Where we agree to accept payment by credit card we may make a charge for this.
If you repay early in part, the monthly payments will stay the same but your loan term will reduce.
If you repay early in full before the end of the deferred period, an administration fee may be payable as described overleaf. If you repay in part during this period, no such fee will be applied to the partial repayment. If you repay early, in full or in part after the end of the deferred period, your settlement amount will reflect a limited rebate of the interest on the amount paid early for the rest of the loan term based on a formula calculated under the Consumer Credit Act 1974.

4 Change of contact details. You must notify us immediately if you change any of your contact details we hold, for example, address, contact telephone number(s) or e-mail address. If you do not tell us you will be liable for our reasonable costs in tracing you.

5 Additional charges. We may make extra charges for handling your account from time to time. You authorise us to add these charges to your account. You can ask us for details of these charges. You may also have to pay any other reasonable costs we incur or loss we sustain as a result of your breach of any term of this agreement.

6 Passing on information. We can pass on information about your account to anyone if it will help us to carry out our business, including companies based outside the European Economic Area (EEA). We will make sure that any information released outside the EEA will have the same level of protection as in the EEA. In particular, we may need to pass on information to our agents and sub-contractors. We may also pass information to other companies in the group of companies we belong to and credit reference agencies who contact us. See the "Your Information" section.

7 Liability. We are not responsible if we cannot provide the services you expect from your Loan because of events over which we have no reasonable control, including mechanical breakdowns and industrial disputes. We may be responsible if you use your Loan to buy goods or services at a store and they do not match their description, or if the contract of sale is broken by the store. You cannot use a claim against a supplier as a reason for not making payments to us unless you have a legal right to do so.

8 Ending the Agreement. You may end this agreement at any time by making full early repayment as described elsewhere in the Agreement

9 Default We may demand repayment of the full amount you owe us if:

• you fail to pay on its due date any amount payable to us under this agreement; or
• you fail to comply with any of the other terms of this agreement; or
• we discover that any material information which you provided in the course of applying for the credit is incomplete, inaccurate or untrue; or
• you become insolvent or any steps are taken by or against you for your bankruptcy or any proposal

is made for a voluntary or other arrangement or composition with, or assignment for the benefit of, all or any of your creditor. Before demanding full repayment where prescribed, we will send you a notice under the Consumer Credit Act 1974. You may be liable for costs incurred if we take any action against you to recover any amount under the agreement.

10 Enforcement. If we do not enforce, or delay in enforcing, any of these terms, this will not affect our right to enforce that or any other term under this agreement at the time or in the future.

11 Transferring our rights. We may assign or transfer our rights under this agreement to any bank, financial institution or company and may disclose your personal information to any bank, financial institution or company to whom we may assign or transfer those rights. Your rights under this agreement and your legal rights (including under the Consumer Credit Act 1974) will not be affected.

12 How to contact us. You can write to us at Customer Services, Ikano Bank AB (publ), PO Box 10081, Nottingham, NG2 9LX. Or you can call us on 0371 781 3857. *Calls to this number are charged at 10p per minute from a BT landline. Other network charges may be higher. For training and supervision purposes, telephone calls in connection with your account may be silently monitored or recorded. Contact details can also be found on our website www.ikano.co.uk.

13 The Lending Code. Ikano Bank AB (publ) are a member of the Finance and Leasing Association (FLA) and follow the FLA Lending Code. This code sets out standards of good practice for the finance industry and provides you, the customer, with reassurance that you are dealing with a reputable organisation. Copies of the FLA Lending Code are available upon request from us.

14 Complaints Procedure. Ikano Bank AB (publ) has a complaints procedure which aims to resolve
customer issues, a summary of which is available on request. If the complaint is not resolved using this process you are entitled to refer the matter to the Financial Ombudsman Service.

15 Law. This agreement is governed by the laws of England and Wales which will also govern the relationship between us and you before the conclusion of this agreement. The courts of England will have non-exclusive jurisdiction for any related disputes.

16 Supervisory Authority. Although the Financial Conduct Authority is the supervisory authority under the Consumer Credit Act, Ikano Bank AB (publ) is an EEA authorised firm in the UK on the Financial Conduct Authority register, and is authorised in Sweden by the Finansinspektionen – the regulator for Banks in Sweden.

YOUR INFORMATION

We will make searches about you at credit reference agencies and fraud prevention agencies who will supply us with information, for use in the assessment of credit products, as well as information from the Electoral Register, for the purpose of verifying your identity. The agencies will record details of the search type, credit or identification, whether or not this application proceeds. We may use credit-scoring methods to assess this application and to verify your identity. Credit searches and other information which is provided to us and/or the credit reference agencies, about you and those with whom you are linked financially may be used by us and other companies if credit decisions are made about you, or other members of your household. Any of this information may also be used for identification purposes, debt tracing, debt recovery and the prevention of money laundering as well as the management of your account.

If false or inaccurate information is provided and fraud is identified, details will be passed to fraud prevention agencies. Law enforcement agencies may access and use this information. We and other organisations may also access and use this information to prevent fraud and money laundering, for example, when checking details on applications for credit and credit related or other facilities

• managing credit and credit related accounts or facilities
• recovering debt
• checking details on proposals and claims for all types of insurance
• checking details of job applicants and employees

Please contact us on 0844 856 5735 if you want to receive details of the relevant fraud prevention agencies. We and other organisations may access and use from other countries the information recorded by fraud prevention agencies.

Information held about you by the credit reference agencies may already be linked to records relating to one or more of your partners. For the purposes of this application you may be treated as financially linked and your application will be assessed with reference to any "associated" records We may make periodic searches of credit reference and fraud prevention agencies to manage your account with us, to take decisions regarding credit, including whether to make further credit available or to continue or extend existing credit. Where you borrow or may borrow from us, we may give details of your account and how you manage it to credit reference agencies. If you borrow and do not repay in full and on-time, we may tell credit reference agencies who will record the outstanding debt.

You have the right of access to your personal records held by credit and fraud agencies. If you would like to have details of the agencies we use please telephone us on 0844 856 5735. For account management purposes from time to time we may want to communicate with you by SMS or e-mail if you have provided us with these contact details. We would also like to use your details and information about your transactions and your account to keep you up date with offers and information through mail, telephone, e-mail or SMS. If you do not wish to receive this information, please write to Ikano Bank AB (publ), PO Box 10081, Nottingham, NG2 9LX. We may also pass on your details (whether your application is successful or not) to other carefully selected companies so that they can send you details by mail or telephone of offers and other services which we think may be of interest to you. If you do not want your details to be passed to other companies please write to the address detailed above.

Ikano Bank is a trading name of the UK branch of Ikano Bank AB (publ), which is registered with branch number BR016253. The registered office of the UK branch of Ikano Bank AB (publ) is Waterfront House, Waterfront Plaza, Station Street, Nottingham, NG2 3DQ. The details included in these Terms and Conditions are correct at time of going to press.