What is Monthly Financing and how does it work?

Klarna’s ‘Monthly Financing’ is a credit option offered at the checkout of our partnering online stores that allows you to spread the cost of your purchase over time for up to 36 months. To use Klarna’s monthly financing option, simply select to pay later with financing and choose the term lengths that are best for you.

A simple, 2-step application will provide an instant approval decision. With no hard credit check, there is no impact on your credit! Once you’ve been approved, you’ll receive reminders and can manage your payments directly in the Klarna app. There are no hidden fees when you pay on time. Monthly financing products are issued by WebBank, a member of the FDIC.

As soon as the store ships your order, you will receive an email from Klarna outlining your payment schedule. We’ll email you and send notifications via the Klarna app 3 days before payment dates to let you know that your statement is ready. Your payment will be on the date set out in your payment schedule and payments will need to be received by 8:00 p.m. Eastern Time to be credited to your account on that same day. At this time, we’re not able to change your due date. However, we’ll remind you of upcoming payments.

Your payments will be visible and manageable in your Klarna app. So make sure to download the Klarna app to stay in full control and never miss a payment!

Good to know: The Annual Percentage Rate (APR) for purchases is between 0-24.99%. For more information, please view our terms and conditions.

Find more information about your payment options with Klarna.

Was this article helpful?

Yes, it was helpful
No, I still need help

Still need help? Contact us.

We’re available 24/7.

or Call us