Postpone or split your payment
With Pay Later you no longer have to fear checking your account at the end of the month. Get more flexibility in your finances when you shop and when unforeseen bills dump into your e-box.
Postpone or split up to 10.000 kr.
Flexible and transparent
Fixed price - no hidden fees
Get greater budget range
You have probably tried it: Using your Visa card one time too many or paying a very high bill. It can put your account off course. In those situations, we can help you get more financial leeway.
With Pay Later you can postpone a payment to the following month or split it over 3, 6 or 12 months. And that applies up to 10.000 kr.
When you e.g. have made a purchase or paid an expensive bill, we will deposit the money into your account as a credit at a fixed price. It is easy, flexible and transparent.
Applies to all types of expenses
You have the freedom to postpone or split your payment, whether it’s a new computer, supermarket shopping, an electricity bill or something completely different. Pay Later covers all types of expenses.
And when you shop, it’s not only at certain merchants you can choose to pay later. You can do this with the vast majority of purchases made both online and offline.
Financial health now and in the future
With Pay Later you get full transparency. In the app you can easily calculate exactly what it will cost to postpone or split your payment. And with notifications, we help you keep track of the money so you always know what and when to pay.
We also want to make it as easy as possible for you to get rid of your credit again. If you have a little extra money on your account, you can therefore always pay off more - and at the same time save interest.
How to get Pay Later
Sign up for Lunar for free
Download the Lunar app and sign up in minutes. You get an account, a stylish black Visa card and Denmark's best banking app. It’s completely free and you can easily use us as your second bank.
Apply for Pay Later
Once you are a Lunar user, you can apply in the app. You must answer some questions about your finances and you can’t be RKI listed. You will receive an answer immediately.
Select the payment you want to postpone or split
Once approved for Pay Later, the activation is easy. You just select the transaction you want to postpone or split and you will receive the money in your account right away.
Find answers to your questions
Who can use Pay Later?
All Lunar users, who are not listed in RKI, can apply for Pay Later. You apply directly in the app, and you have to answer some questions about your finances.
How does Pay Later work?
Pay Later works like this: You will pay yourself, and then we deposit the amount into your account as a credit if you are approved for Pay Later. This means that you select the transaction you want to postpone or split. The smart thing is that when you pay yourself at first you are ahead of the payment - instead of being behind.
How do I apply?
Once you are registered for Lunar you can apply in the app. You will receive an answer immediately. You must answer some questions about your finances and you can’t be RKI listed. Once approved, activating Pay Later is super easy. You just select the transaction you want to postpone or split and you will receive the money on your account straight away.
For how long can I postpone or split my payments?
You always postpone a payment to the next 1st of a month + 30 days. If you postpone, for example, on the 15 of December we will deduct the amount the 1 of February. You can also choose to split a payment into 3, 6 or 12 months.
What expenses can I postpone or split?
You can postpone or split payments of between 200 kr to 10.000 kr. We let you decide whether it's a new computer, a large shopping trip, an electricity bill or something completely different. The cost may just be max. 30 days old. Once you have postponed or split your payment we will deposit the amount into your account as a credit. There are certain types of payments, such as betting, that can’t be postponed or split.
What does it cost to postpone a payment?
A postponement is always due after the current month plus one month. If, for example, you postpone an expense on 15 December, we will deduct the amount from your account on 1 February. If you want to postpone a payment of DKK 10,000 for the current month plus 1 month (eg from the 14th of a month), you pay a total of DKK 10,295. Your total cost is therefore DKK 295, which corresponds to an APR of approx. 22%.
What does it cost to split a payment?
If you want to split a payment of DKK 10,000 (eg from the 14th of a month) over 12 months, you pay DKK 937 a month, which corresponds to a total cost of DKK 1132 or an APR of approx. 22%. When you split an expense, the first installment falls on the 1st of the next month and thereafter each month until the split is paid off.
How quickly do I get the money into my account?
Once you are approved for Pay Later you will receive the money on the account a few seconds after you have selected your transaction and activated Pay Later.
Is Pay Later the same as other credits?
No, Pay Later is not the same as other credits. The difference is that Pay Later means that you have money available at the time of the payment. In addition, we are transparent about the terms and price and you can always redeem your credit and save interest payments.
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