WHAT IS KLARNA?
Klarna is a retail finance provider, here to support you in making those purchases that matter most both easy and affordable.
APPLYING TO KLARNA:
At the online checkout please choose 'Klarna' as your preferred payment method. You will then be redirected to the payment provider to complete your finance application. You will next be asked to fill in your details and your credit application will be assessed.
HOW DO I QUALIFY FOR CREDIT?
Klarna will carry out the essential credit checks and check your references in order to confirm eligibility for the credit application. An application is more likely to be accepted if you have a good credit history without a record of payment issues or late repayments.
HOW MUCH AM I ABLE TO SPEND WITH KLARNA?
The maximum lending amount in addition to the upfront deposit is £25,000 (with a total purchase price of £50,000 with 50% deposit).
DO I NEED TO PAY A DEPOSIT?
A deposit is required for all orders made using Klarna and depending on the finance plan you have selected, the deposit options range from 10% to 20% minimum deposit. However, you are able to pay a larger amount upfront should you wish to do so.
HOW DO I MAKE MY MONTHLY REPAYMENTS?
Monthly repayments will be taken via a direct debit set up with your chosen bank account.
WHAT CAN I BUY USING KLARNA?
You are able to purchase all our jewellery priced over £650 through the Klarna option.
CAN I PAY OFF MY LOAN EARLY?
Yes, you can repay your loan in part or in full at any time throughout the life of the agreement without incurring any additional fees. You will only pay interest on the outstanding balance up until the date it is paid off.
CAN I CANCEL THE FINANCE AGREEMENT?
Yes, you can cancel this agreement within 14 days of receiving the goods. If you intend on keeping the items then you will need to settle the balance with an alternative method of payment.
STANDARD INFORMATION AND REGULATORY STATUS OF KLARNA BANK AB (PUBL)
Consumer credit service is provided by Klarna Bank AB (publ). Klarna Bank AB (publ) is authorised and regulated by the Financial Conduct Authority (Firm Reference Number: 821179). Registered offices are at Sveavägen 46, 111 34 Stockholm, Sweden. For more information please refer to https://www.klarna.com/uk/customer-service/. You will be offered the best rate available based on your credit history and the credit decision policies of Klarna Bank AB (publ).
AN EXAMPLE OF CREDIT PLAN:
- Total Product Value - £5,000
- Deposit (50%) - £2,500
- Amount of credit - £2,500
- Payable by 10 monthly instalments of - £250
- Other Charges - £0
- Total amount payable APR typical 0% - £5,000