In our e-shop basket there is a handy button (Pay later in up to 3 instalments) that lets you pay in up to 3 parts with a €0 down payment, 0% interest and €0 extra fees.
It is not hire purchase but a new, super simple and fast solution in Estonia that lets you split your basket into three equal instalments without any interest, down payment or service fees.
Who is Modena for?
For anyone who does not want to take out an expensive hire purchase agreement but would like to spread their payments conveniently over a longer period and keep their spending under control.
How does the new payment option work?
1. Choose the products you want and select Modena as the payment method in the basket
2. Identify yourself with Smart-ID or Mobile-ID
3. Choose the number of payments, i.e. in how many instalments you want to pay (up to 3 instalments within 90 days)
4. Sign and your purchase is complete!
Don't worry, we have covered the costs – all you have to do is shop. It's that simple!
NB!! With Modena you can buy products priced from €100
Modena agreements have a price limit depending on the customer's age:
Age | Limit |
| 18-21 | 300€ |
| 22-26 | 1500€ |
| 27-85 | 2000€ |
What is the difference between regular hire purchase and Modena's “pay in up to 3 instalments” payment system?
Modena lets you pay for products in up to three instalments without a hire purchase agreement, and all of this without interest or service fees. The customer also does not have to fill in long forms or disclose personal financial data.
Hire purchase generally requires filling in 14 data fields (income, existing loan obligations, places of residence, etc.), and of course interest and other service fees are added.
What details do I need to enter in the Modena payment solution?
You only need to enter your personal ID code and phone number, identify yourself with Mobile-ID or Smart-ID PIN1 and finally sign with PIN2.
On what basis does Modena grant me credit?
Modena automatically checks the person's creditworthiness within seconds.
How long does paying with Modena take?
From identification to completing the purchase takes about 50 seconds on average.
Can I also pay the full amount right away? How do I split the amount into instalments?
You decide when making the purchase how many instalments and over how long a period you want to spread your payment. The maximum number of instalments is 3 and the maximum period is 90 days.
Is it possible to pay early if I want to?
Yes, you can make payments as you wish.
How do I know when and where to pay?
All documents about the purchase are sent to your e-mail and are also available when you log in to the modena.ee private customer portal.
More information and FAQ about „Pay in 3“
Modena payment solutions and financial services are provided by Modena Estonia OÜ (Reg: 14820592), which operates under licence 4.1-1/100 of the Estonian Financial Supervision Authority. www.modena.ee
