Important disclosure
Pros and cons
For Klarna
Benefits
- No late payment fees
- Signed up to BNPL code of practice
Drawbacks
- Available for limited purposes
Klarna Rate Buy now pay later overview
For Klarna
Product
Instalments 4 | Instalment frequency Fortnightly |
Maximum number of instalments Pay in 4 interest-free instalments over 6 weeks. Payments can also be scheduled in advance. | Credit limit $1k |
Credit check performed | Minimum interest rate |
Maximum interest rate | Reward program |
Fees
Minimum establishment fees | Maximum establishment fees |
Minimum late payment fees If an scheduled payment is unpaid after 10 days, a late fee may be charged. This will not exceed 24% of the amount due. Depending on your payment method, the issuer of your card or financial institution may charge you interest or fees under your agreement with them. | Maximum late payment fees $8 |
Minimum ongoing payment fees | Maximum ongoing payment fees |
Support
Mobile app available | Apple Pay |
Google Pay | Samsung Pay |
Card available |