Ikea has launched Finance Services, a new interest free financing option for purchases between £99 and £15,000.

The new Buy Now, Pay Later service will be available across all Ikea home categories.

Customers can apply for the financing option using a new digital application process, where they will need to provide a provisional or full photo driving licence, or passport, and enter their home address.

The interest free loans will have repayment periods between three and 48 months, subject to the amount borrowed.

“The new Finance Services are an important part of our ambition to make IKEA even more affordable for the many and makes applying for financial support more accessible and convenient for all customers,” said David McCabe, commercial country manager, Ikea UK and Ireland. “Whether it’s needed to support smaller updates or bigger projects, the new offer is designed to be flexible and fit customers’ individual needs. We hope this new service helps customers create the home they dream of and leads to a better everyday life.”

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