With Klarna’s merchant lending you do not pay an interest rate. You pay one fixed fee that you agree to upfront before signing up for a loan. No administration fees, no hidden fees, no surprises. The fixed fee you agree to is paid proportionally along over the lifetime of your loan. Your daily repayments cover both amortisation and payment of the fee. To see how much you have paid on a specific date or how much you have left to pay you login to Klarna’s merchant portal and navigate to the merchant lending app. On the balance page you’ll see all your previous repayments as well as what you have left to pay.