Klix Pay Later allows you to order your items today but pay for them later.
When making a purchase and choosing Klix Pay later, store visitors will have the opportunity to receive offers from Klix partners (loan issuers), compare and choose the most suitable offer for them, and remotely sign a loan agreement for the purchase of goods.
Don't overpay with Klix Free
Klix Free – a service, which allows you to make online purchases that are worth more than 70EUR with a 36-month loan agreement between the buyer and loan issuer.
The Klix Free number represents the number of months stipulated in the loan agreement, in which the loan can be repaid without interest or any commission fees. The monthly payment of Klix Free can be calculated by dividing the total cost of goods with the relevant Klix Free number - in 3 or 6 parts, or at the buyer's discretion, by paying a larger amount within the relevant interest-free period. In the event that a partial amount is repaid during the Klix Free interest-free period, the following month after the end of the Klix Free period, the interest rate and other fees specified in the loan agreement will be applied to the loan.
Klix Free 3 Example
- Loan amount: 300 EUR;
- Loan period: 36 months;
1. months payment
100 €
or any amount which is not lower than the monthly payment amount, specified in the agreement.
2. months payment
100 €
or any amount which is not lower than the monthly payment amount, specified in the agreement.
3. months payment
100 €
or the amount left to be paid for the loan
=
When repaying the loan in full within three months from the date of the loan, the borrowing rate is 0%, the APR is 0%, the total amount to be paid by the consumer is €300
Please pay attention to the early repayment procedure specified in the loan agreement. If the loan agreement states that the loan can be repaid by notifying the lender in advance or by submitting a relevant application to the lender, then this procedure must also be followed when using Klix Free.
Loan agreement prerequisites
-
Any permanent resident of Latvia and Lithuania can purchase products through a loan;
-
The borrower needs to have steady, official monthly income;
-
Borrower’s age: from 18 to 80 years old;
-
Loan amount: from EUR 50 to EUR 7000;
-
Loan term: from 1 to 36 months;
-
For purchases from 1400 EUR, down payment of min. 10% has to be made;
-
To formalise a loan, a qualified Smart-ID or AS Citadele Banka online banking system, as well as a passport or ID card are needed.
How to make a purchase with Klix Pay Later?
-
By using the 'Add to cart' button, add the items you want to purchase to your shopping cart;
-
In the checkout cart, select the "Klix Pay Later" form of payment and click the "Checkout" button;
-
Authenticate in Klix;
-
Completing the application;
-
Compare installment offers and choose the one that suits you best;
-
Sign the installment agreement.