Does Katapult charge an interest rate (Annual Percentage Rate)?

No, we offer you a lease to own program. Customers are entering into a lease purchase agreement to lease products with an option to own, by exercising an Early Purchase Option or making all lease to own payments scheduled in the lease purchase agreement. The lease purchase agreement is not a credit transaction. Lease to own payments do not include an interest rate or APR and these will not be [...]

What are the terms of a Katapult lease purchase agreement?

Our auto-renewing lease purchase agreements are 10 – 18 months depending on the lease amount and state in which the customer resides. With a Katapult lease purchase agreement you have three options: 1.) Continue to make lease payments and a portion of every payment goes toward reducing the buyout price. 2.) Buy the products outright at any time during your lease purchase agreement term. [...]

Do I have a limit on how much I can lease with Katapult?

Katapult provides you with an available Katapult lease to own amount that can be used to lease products once you are pre-approved. Your available Katapult limit can be viewed on the success page of your application, in emails that Katapult sends upon approval, and on your personal account page here. Pre-approvals are not guaranteed indefinitely and may change based on varying factors, such as [...]