Financing Options That Grow With You

Loans

A high-limit option for those with better credit

With a Koalafi loan, you can split a big purchase into several low payments. You may even qualify for promotional interest offers that help you save.

  • Credit limits up to $10,000 (higher in certain categories)
  • Complete your purchase with $0 down
  • 0% interest periods may be available*
  • Eligible customers can pre-qualify for future loans

Leases

A great choice if you’re still building your credit

A Koalafi lease isn’t just a great way to manage a big expense — it also gives you the opportunity to build your credit. We buy the item and lease it to you, reporting your payments to the credit bureaus. After the last payment, the item is all yours! We’ll also consider you for future offers.

  • Leases up to $7,500 (higher in certain categories)
  • Helps establish and improve your credit
  • Early purchase options that save you money
  • Eligible customers can pre-qualify for future leases

How It Works

Koalafi looks beyond credit scores. With us, you’re just a few quick steps from getting what you need

1. Shop now, pay later

Apply in-store or online to break big purchases into smaller, manageable payments with Koalafi.

2. Get your tailored payment plan

Share a few pieces of information and we'll instantly deliver a decision on a payment plan, with clear and upfront terms.

3. Check out and make easy payments

With high approval amounts, you can get exactly what you need. You’ll make convenient regular payments, with options to pay off early and save!

Frequently asked questions

Can I pay off my lease or loan early?

Yes! You can choose from multiple purchase options to save on your leasing costs.

For the most savings, choose our Early purchase option to pay off your lease and obtain ownership of the merchandise. If you pay off within this period, you’ll only pay the retail price plus any fees that apply.** You can take advantage of the early purchase option by calling Koalafi at (844) 937-8275 to set up additional payments.

For more flexibility, you can still pay off your lease after the early purchase option period and receive a significant discount on leasing costs by calling the Koalafi customer service number listed above or by logging into the customer portal.
How do I make payments?

Koalafi accepts several payment methods, including bank account transfers and debit cards.
How do you decide to approve a consumer?

Koalafi has industry-leading approval rates. We understand that you are more than just your credit score. We look at your application and cross-check the information you provide us with data providers and credit bureaus to determine if you get approved and the approval amount.
How long does the approval process take?

Applications are considered right on the spot and approvals usually take less than 10 seconds.
How much can I be approved for through Koalafi?

Qualifying customers may be approved for up to $7,500 in lease-to-own funding and $65,000 in loan funding.The amount of approval depends on factors including income, banking and credit history, length of employment, and verification of contact information.
If I don't have a job, can I still apply?

Yes. Koalafi encourages anyone to apply if you have an income from a reliable source such as retirement or pension.
Is there an application or processing fee?

For our lease-to-own product, at the time of submitting an application, a temporary hold of $59 or less will be placed on your debit card. This will process as your initial payment at the time of signing. If you choose not to proceed, this hold will be released.
What if I have questions during the application process or after I'm approved?

We’re always happy to help. Please call Koalafi at 844.937.8275 between 8:00 am and 9:00 pm ET Monday through Friday, or 8:00 am to 8:00 pm on Saturday.
What will my payment size be?

Your payment will be determined by your payment frequency, the amount of your loan or lease-to-own financing, and the length of your lease term. Please review your terms and conditions on your agreement for details.
Can I make additional payments, and what is the process?

You can make additional, unscheduled payments at any time. In order to do so, you can contact our Customer Service Team at 844.937.8275 between 8:00 am and 9:00 pm ET Monday through Friday, or 8:00 am to 8:00 pm on Saturday, or click the sign in link in the navigation bar to visit your customer portal. Making additional payments does not eliminate your regularly scheduled payments.

*Offer applicable to loan products only. For qualifying customers only. You will not be charged interest if you pay your loan balance in full within 12 months. Must make all payments on time and be in good standing to remain eligible for the 12 month promotional period. Interest may be charged at an Annual Percentage Rate (APR) of 0% – 36% beginning on the purchase date. The APR may vary and is subject to increase after consummation. See agreement for details. Koalafi offers Lease-to-Own and Lending solutions. Loans issued by The Bank of Missouri, serviced by Koalafi.

†Offer applicable to lease product only. For qualifying customers only. Customers must make all payments on time to remain eligible for the 90-day promotional period. Customers will not own the leased merchandise or acquire ownership rights unless they make all scheduled payments or prepay in accordance with the lease. Lease holders in California have a minimum 92-day early purchase option. We do perform a credit check on the customer as a part of our application process.

^No Credit Needed” does not imply no credit check. Consult your lease for complete terms and conditions.High approval rates are based on Koalafi products only. The Bank of Missouri does not offer Lease-To-Own solutions.Taxes, fees, and other charges may apply. Details may vary from state to state.