Buy Now, Pay Later Policy

Eligibility: Klarna's BNPL policy is available to individuals who meet certain eligibility criteria. This may include factors such as age, creditworthiness, and the specific terms set by the retailer partnering with Klarna.

Payment Options: Klarna offers a range of payment options under its BNPL policy. Customers can choose to split their payment into equal installments over a fixed period, usually ranging from a few weeks to several months. The number of installments and the frequency of payments may vary depending on the specific terms of the purchase.

Interest-Free Period: Klarna's BNPL policy often includes an interest-free period, which means customers can avoid paying any interest on their purchases if they repay the full amount within this specified period. The interest-free period is typically communicated to the customer during the checkout process.

Late Fees: If a customer fails to make a payment on time, Klarna may charge late fees. These fees can vary depending on the terms and conditions of the specific purchase and should be reviewed carefully before opting for the BNPL option.

Credit Check: Klarna may perform a soft credit check on customers to assess their creditworthiness when they choose the BNPL option. However, it's important to note that this check does not impact the customer's credit score.

Flexibility: Klarna's BNPL policy offers flexibility to customers, allowing them to spread the cost of their purchases over time without incurring interest charges. This can be particularly helpful for individuals who want to manage their budget or make larger purchases without paying the full amount upfront.

Merchant Partners: Klarna partners with numerous online and brick-and-mortar retailers to offer the BNPL option. Customers can find the Klarna payment option during the checkout process of participating merchants.

Klarna App: Klarna provides a mobile app that enables users to manage their BNPL purchases, view upcoming payments, make additional payments, and track their spending. The app also offers features like wish lists, price drop notifications, and exclusive deals from partner retailers.