IKEA Financial Services 1.12.3

IKEA Financial Services offers a streamlined approach to financing home purchases, allowing customers to define their own terms.

The service simplifies the journey towards acquiring your ideal home by providing various flexible payment options for IKEA purchases. Users can utilize the loan calculator to determine a suitable loan amount and select a repayment period ranging from 3 to 48 months. By entering a few personal details, potential borrowers can assess their borrowing capacity interest-free (with a representative APR of 0%). Following this initial assessment, users can proceed to complete a full loan application.

The accompanying app enhances usability and management of loans, enabling customers to view their balance, monitor transactions, and make immediate purchases at IKEA using a virtual card.

It’s important to note that loans through IKEA Financial Services are managed by Ikano Bank.

Getting started involves meeting several criteria:

• Be 18 years of age or older
• Possess an email address
• Have a valid UK mobile number
• Maintain permanent residence in the UK
• Exhibit a good credit history
• Hold a personal bank account in your name, requiring only one signature

The application process is designed for simplicity:

• Check and confirm eligibility
• Complete the application form and upload identity documents
• Assess eligibility for the desired loan amount without impacting your credit score
• Select or adjust the borrowing amount
• Review, accept, and sign essential documents including the credit agreement

Shopping becomes straightforward:

• Utilize the loan immediately for in-store and online purchases at IKEA
• Make payments at checkout with a virtual card
• Enjoy spending capabilities for up to 90 days following loan confirmation

Management of your loan is user-friendly:

• Access your balance and review all transactions
• Update contact information as needed
• Retrieve your credit agreement and other essential documentation
• Easily apply for an additional loan when required

A representative example of financing is as follows:

• Total product amount: £999
• Total loan amount: £999
• Nine monthly repayments of £99.90
• One final payment of £99.90
• Total amount payable: £999
• Representative APR: 0%
• Fixed interest rate: 0%
• No hidden fees or extra charges.

The IKEA Financial Services app is accessible to UK customers. Note that service availability may be influenced by phone signal strength and functionality. Terms and conditions apply.

This service is operated by Ikano Bank, based in Sweden. The registered office is located at Waterfront House, Waterfront Plaza, Station Street, Nottingham, NG2 3DQ. It is registered in England and Wales under No. BR016253 with VAT Registration No. 265321711. Ikano Bank AB (publ) operates under Swedish corporate law (organisation number: 516406-0922) and is regulated by the Swedish Financial Supervisory Authority (Finansinspektionen). It also adheres to regulations set forth by the Financial Conduct Authority in the UK.

Further regulatory details and information about the Temporary Permissions Regime for European Economic Area firms in the UK can be found on the Financial Conduct Authority's website.

Copyright © 2021 Ikano Bank AB (publ).