Here at Core Music, we’ve joined the ‘Take it away’ scheme to support music-makers like you.
‘Take it away’ provides interest-free loans for musical instruments, equipment, software and tuition. In short, it gives music-makers the backing they need.
So how does it work?
You apply for a loan in the shop or online. This normally takes less than 10 minutes. And if you’re successful, you can take your instrument or other purchase home there and then.
What loans can you get?
- All ‘Take it away’ loans are interest-free. In England, you pay a 10% deposit and spread the remaining balance over 9 or 18 monthly instalments.
- There’s a 9-month option with a minimum loan of £100 and a maximum of £2,000
- Or there’s an 18-month option with a minimum loan of £720 and a maximum of £5,000 – please note that at present Core Music only offers the 9 month payment option with a maximum loan of £1000.
How much can you borrow?
- In England, you can get an interest-free loan of between £100 and £5,000
Are you eligible for finance?
- ‘Take it away’ has loans for musicians of all ages. The core scheme is open to people in England who are 18-25 years old, or over 18 and buying an instrument for a child under 18.
- In England, our focus is on making musical instruments more accessible for children and young people. You may be asked if you are buying for a child or a young person when you apply for a loan.
- You will need to be a permanent resident in the UK with a regular income of £5,000 per year.
- You’ll also need a bank or building society account that’s capable of handling direct debit payments. Remember, loans are subject to status. Terms and conditions apply.
How do you apply for a loan?
- Whether you apply in-store or online, you need to bring proof of ID and income.
Tell me more about ‘Take it away’?
‘Take it away’ works with retail partners, Arts Council England and the Arts Council of Northern Ireland to break down barriers to accessing music making. A part of Creative United, a community interest company that drives economic growth and social impact in the arts and creative industries, they provide a range of subsidised and non-subsidised loans. These are designed to make learning, playing and participating in music more affordable and open to everyone. Together with partners like us, they look to enable and inspire a life-long love of music.