How It Works

Applying with Koalafi is easy and straightforward.

  • 1. Fill out a short application

    Share a few pieces of personal info and get a decision in seconds. If approved, you can continue shopping or checkout with your pre-qualified amount. Checking eligibility won’t affect your credit score.

  • 2. Sign your contract, no surprises

    You’ll be able to review your full contract details before signing your agreement.

  • 3. Check out and make easy payments

    With high approval amounts, you can get exactly what you need. You’ll make convenient regular payments, with options to pay off early and save!

Payment Plans for Everyone

Good to Great Credit
  • Flexible loan plans with low monthly payments
  • 12-month promotional financing*
  • Loans up to $10,000
  • $0 down
or
Building Credit
  • Opportunity to build credit with no credit needed^, lease-to-own financing
  • 90-day early purchase option†
  • Leases up to $5,000
  • Own the item after final payment

Frequently Asked Questions

What is Koalafi?

Koalafi is a pay-over-time provider, offering loan and lease-to-own payment plans. With Koalafi, customers can split larger purchases into smaller, manageable payments.

Am I a good fit for Koalafi?

Koalafi offers loan products to customers with excellent to good credit and leases to customers who are still building credit. You do not need credit to be eligible for a Koalafi lease. Our technology allows us to make more informed decisions about applicants, resulting in high approval rates!.

Is there an application or processing fee?

There is not an application fee associated with our loan product. For our lease-to-own product, at the time of submitting an application, a temporary hold of $49 or less will be placed on your debit card. This will process as your initial payment at the time of signing. If you choose not to proceed, this hold will be released.

Who should I contact if I have questions?

Give the Koalafi team a call at 844.937.8275 between 8:00 am and 9:00 pm ET Monday through Friday, or 8:00 am to 8:00 pm ET on Saturday.

Discover our Sleep Products

  • PowerCool Firm Sleep System

    PowerCool Firm Sleep System

    PowerCool Firm Sleep System

    Firm-feel PowerCool mattress + innovative fan-cooling base for double the cooling power.
    From $4,09900
    From $4,099.00 USD
  • Harmony Chill 3.0

    Harmony Chill 3.0

    Harmony Chill 3.0

    Bestselling plush foam mattress with five layers of chilly temperature-regulating materials.
    From $2,29900
    From $2,299.00 USD
  • Myth Memory Foam Hybrid Mattress

    Myth Memory Foam Hybrid Mattress

    Myth Memory Foam Hybrid Mattress

    Our most popular medium plush hybrid, ideal for side sleepers and hot sleepers.
    From $74999
    From $749.99 USD
  • NL200U Base

    NL200U Base

    Sold out

    NL200U Base

    Essential zero-clearance, head/foot adjustments + multi-base sync with 3-in-1 adjustable legs.
    From $74900
    From $749.00 USD
    Sold out

*Offer applicable to loan product only. For qualifying customers only. You will not be charged interest if you pay your loan balance in full within 12 months. Must make all payments on time and be in good standing to remain eligible for the 12 month promotional period. Interest may be charged at an Annual Percentage Rate (APR) of 0% – 36% beginning on the purchase date. The APR may vary and is subject to increase after consummation. See agreement for details. Koalafi offers Lease-to-Own and Lending solutions. Loans issued by The Bank of Missouri, serviced by Koalafi.

†Offer applicable to lease product only. For qualifying customers only. Customers must make all payments on time to remain eligible for the 90-day promotional period. Customers will not own the leased merchandise or acquire ownership rights unless they make all scheduled payments or prepay in accordance with the lease. Lease holders in California have a minimum 92-day early purchase option. We do perform a credit check on the customer as a part of our application process.

^“No Credit Needed” does not imply no credit check. Consult your lease for complete terms and conditions.

!High approval rates are based on Koalafi products only. The Bank of Missouri does not offer Lease-To-Own solutions.

Taxes, fees, and other charges may apply. Details may vary from state to state.