Katapult

How do I use Katapult? 

Before pre-approval

You can apply at our stores online homepage. If approved, you will be provided with an available Katapult lease purchase agreement limit that can be used to lease to own a product.

After pre-approval

Select the Katapult button on the checkout pageEnter a few pieces of information to verify your identity and payment information. Our application does not request checking account, employment verification or personal references. Receive an instant decision review and submit your order and you’re done!

Katapult will send you a welcome email that gives you access to your account, customer service, and more.

In addition, you have several options to acquire ownership of the product you are leasing. Katapult lease to own offers flexibility that may make it more attractive than financing. With each payment, you have the option to continue leasing, buyout, or return your items.

Is a checking account required to apply?

No, a checking account is not required to apply for Katapult. We may request it as additional information to process your application. You will not be charged to apply.

Does Katapult charge late fees?

No. Katapult will never charge you a late fee. Ever.

How much can I get approved for by Katapult? 

You can be approved for items valued at $100 to $5,000.

What are the advantages of a katapult lease purchase agreement vs. a loan (financing)?

Loans generally offer lower recurring payments than lease-purchase agreements, while lease-purchase agreements offer the flexibility of continuing to lease, buy, or return the product. Also, there is no danger of penalty interest (be that compounding or deferred) or loan acceleration with Katapult.

Loan: You can borrow money to buy something and you pay it back over time, plus interest.

Katapult lease-purchase agreement:  You make the appropriate lease-purchase agreement payments on or before the due date for the use of your products.  With each payment you may choose one of three options:

1. You can continue using the products by making the lease renewal payment in advance of the payment due date.

2. You can buy the products at any time.

3. You can return the products to Katapult with no further obligation, except for any past due balances and any restocking fees that may apply.

What is lease to own?

We are glad you asked! Lease to own means that you make recurring payments for the use of the products you have selected. You have no long term obligation to continue leasing, and can return the product to Katapult at any time with no further obligation other than for amounts past due.

In addition, you have several options to acquire ownership of the product you are leasing. A lease purchase agreement through Katapult offers flexibility that may make it more attractive than financing. With each payment, you have the option to continue leasing, buyout, or return your items.

Lease to own gives you the power to purchase what you need when you need it.

Do you charge an application fee? 

Nope! It’s free to apply.