Get more with Upgrade financing.

Get exclusive access to low monthly payments and the option to upgrade your favorite Apple products, only when you shop Apple from Klarna.

See the full Upgrade financing Terms and Conditions here.

How it works.

1
Shop Upgrade financing eligible items (iPad, Mac, and Apple Watch).
2
Make your monthly Upgrade financing payments for your device with 0.00%-29.99% APR.
3
After the term length of your monthly payments, choose to trade-in your device with the option to upgrade, or keep your device and pay off your remaining balance (you may have the right to refinance the remaining balance, subject to credit approval and an APR.)

It’s the financing you know and love, and then some.

With Upgrade financing, the cost of eligible devices includes a set of equal monthly payments, followed by a final payment. Final payment amounts will depend on the device and can be found on their product page.

Your purchase begins with:

24 or 36 monthly payments.

Then you’ll choose to either:

Option 1

Trade-in your device and upgrade

Send in your device and its value will pay down the final payment.*

Then, you’ll have the option to upgrade to a new device by beginning another payment plan.

Option 2

Own your device

Choose how you want to make your final payment: either pay in full or refinance it into monthly payments*.

*This will be an available option at the end of your term, in the Klarna app.

Option 3

Trade in your device without upgrading

Send in your device in working condition and its value may pay down the final payment.* You are not required to upgrade to a new device.

*Sending your device in good working condition will provide value equivalent to the final payment. Devices in fair working condition will provide value equivalent to 50% of the final payment, while devices in poor working condition will provide value equivalent to 0% of the final payment. Learn more about our trade-in and retail partners and how good, fair, and poor working condition are defined here.**This will be an available option at the end of your term, in the Klarna app. Subject to credit approval.

FAQ.

Macbooks, iPad, and AppleWatch are all eligible product families that you can select to Pay over time with Upgrade financing.

Other devices and accessories can still be purchased using Pay over time or Pay now.

For eligible products, you will see Upgrade financing as a payment option at checkout.

When you purchase a device with Upgrade financing, the total price of the device is split into two parts: the first is made up of equal monthly payments of either 24 or 36 months (depending on the device purchased), with an APR ranging from 0.00-29.99%, and the final 25th or 37th payment amount (or "balloon payment") will be the remainder of the total price with 0% APR.

Unlike traditional financing options, the larger final payment unlocks lower monthly payments and enables easy upgrades when you return your device in good working condition* to credit your final payment. If at the end of your financing plan, you return your device in good working condition, your final payment will be credited. If the device is not in good working condition, only a portion or none of your final payment will be credited.

If you want to keep your device simply pay the final payment. You may have the right to refinance the final payment, subject to credit approval and an APR.

*View the device requirements to meet good working condition in our Trade In Eligibility FAQ

If you are checking out with Upgrade financing, you will only be able to purchase one device at a time. After you check out with your Upgrade financing device, you can then purchase accessories using Pay over time or Pay now.

If you are checking out with Pay over time or Pay now, you will be able to check out with multiple devices and accessories within the same cart.

If you are checking out with Upgrade financing and add a monthly AppleCare subscription, you will only need to checkout once and the AppleCare subscription will be charged as a separate Pay now transaction on a recurring monthly basis (not part of the Upgrade financing loan).

No, purchasing a device with Upgrade financing is exclusive within the Klarna app.

With Upgrade financing, the device you purchase is fully yours to own, although you will be required to make monthly payments and a final payment to pay off your Upgrade financing loan.

At the end of your monthly payments, the choice is yours to either keep your current device (and pay your remaining balance) or you can choose to upgrade to the latest and greatest. To do so, you will select a new device to upgrade to (applying for a new loan) and then return your current device in good working condition*. If you choose to upgrade your device, you may still want to keep your old device. In this case, you will be required to make the final payment.

*View the device requirements to meet good working condition in our Trade In Eligibility FAQ

Nope! With Upgrade financing, you have the choice to own, upgrade or return your device at the end of your monthly payments. Choose the option that works best for you.

Unfortunately, our program does not support early upgrades at this time. Customers can upgrade to the latest and greatest at the end of their loan period.

When it comes close to your time to upgrade, we email you with all the necessary information and timelines you need to follow.

To be upgrade eligible, the Upgrade financing term length will need to have passed (either 24 or 36 months depending on the device purchased).

You will first choose a new device to upgrade to within the Apple from Klarna storefront (this will require applying for and starting a new Upgrade financing loan).

Once you receive the new device, you will perform any data transfers needed between your current and new device.

Then, send in your old device in good working condition* so that Klarna may credit the final payment on your previous loan agreement. CarltonOne and/or the Trade-in provider will provide all the necessary shipping materials needed to return your device.

For information on trade in timing requirements, please see "What happens if I miss the window to trade in my device".

*View the device requirements to meet good working condition in our Trade In Eligibility FAQ

To be eligible to trade-in your device, the following conditions must be met:

Device must have been purchased at the Shop Apple from Klarna storefront using ourexclusive payment plan of Upgrade financing
We are accepting no spot trade-ins at program launch, no devices purchasedoutside of this program will be accepted by our trade-in partners
Only iPads, Apple Watches, and MacBooks are eligible to be purchased with UpgradeFinancing
The full term length of the monthly payments must have passed (either 24 monthsfor AppleWatches and iPads or 36 months for Macs)
The device must meet our conditions for good working condition as seen below:

Device Condition Tier	Description	Value of Device
Good working condition	Normal wear and tear is acceptable. No functional damage Minor cosmetic imperfections are acceptable.	You will receive 100% of the value of the final payment.
Fair working condition	Screen damage: cracked or broken screen. Body damage: Light scratches or small dents on the body The wear and tear on both the body and screen should not affect the phone's functionality	You will receive 50% of the value of the final payment.
Poor working condition	Activation lock: FMiP/anti-theft lock is not disabled. Significant damage to body Broken charging port Broken buttons GSMA lost/stolen: device IMEI will be automatically queried against this database.	You will receive 0% of the value of the final payment.

No, AppleCare+ is not required to complete a purchase or to be eligible for returning and upgrading your eligible Upgrade financing device. However, AppleCare+ is strongly recommended if you are interested in upgrading your device to protect your purchase and help to ensure that your device meets the requirements to be in good working condition*.

*View the device requirements to meet good working condition in our Upgrade financing Terms and Conditions

Please view the device requirements to meet good working condition in our Trade In Eligibility FAQ to see how damage to your device can impact its value if you decide to trade-in.

By purchasing AppleCare+, you can protect your purchase and have access to Apple’s support and service for your device.

When it comes close to your time to upgrade, we email you with all the necessary information and timelines you need to follow.

You will have one month to inform Klarna of your decision to either trade in or keep your device. This window starts after your 24th or 36th monthly payment and will expire on the due date of your final payment (25th or 37th payment). If you do not initiate a trade-in before the final payment is due, you will not be eligible to trade in the device and must complete your final payment. You may have the right to refinance the final payment, subject to credit approval and an APR.

No. The only requirement is that you return your current Upgrade financing device within the 30 day upgrade window. This window starts after your 24th or 36th monthly payment and will expire on the due date of your final payment (25th or 37th payment).

In order to receive your upgrade in time, make sure to order your new device in time for it to arrive within the upgrade window. Please keep in mind that some devices may be backordered and take longer to ship.

If you returned a device that did not meet the requirements to be in good working condition, your device will not qualify for the full value of your remaining balance. You will still owe to Klarna the remainder of your final payment amount that was not covered by the value of your returned device.