Affirm is a buy now, pay later (BNPL) service that allows customers to pay for their purchases over time without any fees or hidden charges. It is a financing method that is becoming increasingly popular, especially for online purchases. Affirm offers two payment options:
-
Pay in 4: This option allows customers to split their purchase into four equal payments, due every two weeks. There are no fees or interest charges, and the loan amount depends on how much the customer wants to borrow and their ability to repay it.
-
Monthly Installments: Affirm allows partner merchants to design installment loans with interest rates from 0% to 36%, paid off over the course of three, six, or 12 months. The loan amount and terms depend on the merchant and the customers creditworthiness.
Affirm aims to provide a more responsible way for customers to pay for the things they want without getting into unmanageable debt. It is a loan company that allows users to buy goods or services offered by online merchants and pay off those purchases in fixed monthly payments. Affirm does not charge any late fees or compounding interest, and there are no sneaky fine prints.
