Peloton has partnered with Klarna to offer interest-free credit when purchasing your Peloton Products and accessories. With a Klarna financing payment plan, you can schedule and spread your payment over 12, 24, 39 or 43 months.
- Please note, you cannot purchase accessories only on a Klarna financing payment plan. Options may vary by Peloton Product.
Klarna also offers a Pay in Three (Pi3) option where the first payment is taken at the point of sale. The second payment will be taken after 30 days and the third will be taken after 60 days. You can also choose to Pay in 30, Klarna’s new “Buy now Pay Later” option. Klarna Pay In 30 days is a credit product which lets you pay at any time within 30 days of your purchase without interest or fees.
To be eligible for Klarna credit products, you must be at least 18 years of age and a UK resident. Your application approval is subject to Klarna's review of your financial circumstances and a full credit search. To improve your application’s chances of success, make sure you enter full and accurate personal details and have your order delivered to your registered billing address. Click here for more details on our financing plans.
If you have any further questions, please don't hesitate to reach out to our Sales Team or our Member Support team by clicking here.
Making a Purchase with Klarna
To use a particular Klarna Financing Plan, add the Peloton Bike, Bike+, Tread, Guide or bundle you wish to purchase to your basket and proceed to checkout as normal. Then select the "Pay Over Time" payment method. Please see below for important information regarding Klarna’s financing options:
- Your rate will be 0% or 14.99% APR depending on the length and term of your loan, subject to credit check and approval.
- The monthly installments will be collected automatically from your bank account via Direct Debit. Please ensure you have enough funds in your account to cover repayments on your due date.
- Your monthly payment must reach Klarna by the payment due date.
- Klarna will report information to credit reference agencies about the payments you make, and about any payments that you fail to make on time. Late or missing repayments may have serious consequences for you. Your credit rating may be affected which will make it more difficult or more expensive for you to obtain credit in the future.
If at any time you miss payments, Klarna may serve you a default notice requiring you to repay what you owe. If you fail to do so, Klarna may terminate your Klarna Financing Payment Plan agreement and assign the debt to a debt collection agency to collect on behalf of Klarna. Klarna may also sell the debt to a debt collection agency.
If you are having trouble making repayments, please get in touch with Klarna customer service via the support section of the Klarna app or via Klarna’s customer support page.
Missing payments can affect your credit rating, which will make it more difficult or more expensive for you to obtain future credit.
Representative example: For a Bike purchase of £1,345, pay £43.16/month for 39 months at a fixed representative APR of 14.99% with no initial deposit. The total amount repayable is £1,683.24 and total cost of credit is £338.24. Subject to credit checks and approvals. Only available to permanent UK residents aged 18+, subject to status. Not all financing term lengths are available for all products. Peloton Interactive UK Ltd (1 Langley Street, London, WC2H 9JA) is an appointed representative of Product Partnerships Limited which is authorized and regulated by the Financial Conduct Authority for regulated consumer credit activities (FRN 626349). Peloton acts as a credit broker, not a lender, offering credit products provided exclusively by Klarna Bank AB (publ). Terms apply, see https://www.onepeloton.co.uk/financing. Internet connection and Peloton All-Access Membership (£39/mo) required to access Peloton content.
Klarna’s Pay in 3 installments and Pay in 30 days credit agreements are not regulated by the FCA. Use of these and any missed payments may affect your ability to obtain credit from Klarna and other lenders. 18+, UK residents only. Subject to status. T&Cs apply.