Compare Snap Finance vs Koalafi

Snap offers lease to own financing designed for low/no-credit customers.

Koalafi offers tailored plans for every credit type. Better-credit customers are matched with a loan (e.g. 0% interest for 12 months), and low/no-credit customers are matched with a lease - all in one applicaton.

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Snap vs Koalafi: Everything You Need to Know

Leading Retailers Offer Koalafi

Koalafi has payment plans for everyone

A high-limit option for customers with better credit

Loans

Unlike Snap, Koalafi offers loans that make big purchases more attractive with promotional periods, like 0% deferred interest for 12 months. Now you can offer financing for good and excellent credit customers too.

Loans up to $10,000
Pre-qualification does not impact credit score
No payment required to complete purchase
0% interest periods and other promotions may be available

A great choice for customers new to credit or still building their score

Leases

With a Koalafi lease, you are helping more people get the things they need, while also giving them a chance to improve their credit. We buy the item from you and lease it to the customer. They will own it in full after making their last payment.

Leases up to $7,500 ($2,500 higher than Snap)
Pre-qualification does not impact credit score
Unlike Snap, credit bureau reporting gives customers the opportunity to establish or improve their credit
Early purchase options available to help customers save

How Koalafi works

Flexible setup

Payment plans, marketing support, and a rollout plan tailored to your business. We offer multiple in-store implementation options and pre-built ecommerce integrations.

Instant decisions

It's easy for customers to apply and get a decision in seconds. All of our payment plans are available through our single customer application, simplifying the experience.

Fast funding

We pay your business as soon as the customer receives their product or service.

Loyal customers

We run marketing campaigns that promote your business to your previous customers, bringing them back - again and again.

Why your customers will love Koalafi

Up to 90% approval rate*
Payment calculators
Seasonal and promotional offers
Pre-approvals for additional loans or leases

Offer Koalafi

Omnichannel

Where your customers are

In-store

Mobile-friendly customer application
Easy-to-use web portal that can work on any device, including POS systems
Our online or in-person training preps your team to offer Koalafi with confidence
Printed marketing materials, including clings, posters, and brochures

Online

Pre-built integrations for top ecommerce platforms and custom integrations available
Customers never have to leave your site to apply
Quick and simple application optimized for speed and transparency
Marketing resources for every part of the shopper journey, from product pages to checkout

Offer Koalafi

"We're approving more customers for financing, at higher amounts."

James Thomas

Miskelly Furniture

FAQs

Qualifying consumers may be approved for up to $10,000 in loan funding and up to $7,500 in lease-to-own funding. Qualifying consumers may be eligble for up to $65,000 in loan funding or $12,000 in lease funding for home improvement projects. The amount of approval is dependent upon factors including, but not limited to, income, banking history, length of employment, and verification of contact information.