How Much of the Transaction Amount Do I Receive When I Split a Payment?

When you split a payment the transaction you receive a loan for the whole amount, that is then divided into three parts which you pay back in three installments over the next three months.

Example: Let’s say you purchase a dazzling flamingo decor piece for 120,000 ISK and decide to split the transaction. You immediately get the whole amount paid to your account on loan, that you pay up the bird in three payments of 40,000 ISK on the first business day of the next three months.