AFFIRM PAYMENT
BUY NOW, PAY LATER!
Easy monthly payment plans with flexible payment options.
Get the style wardrobe you need without breaking the bank!
HOW IT WORKS:
1) Pick out your most desired products and add them to your shopping cart.
2) Choose Affirm as your payment option at checkout, provide your shipping details, enter your personal information and get a real-time decision.
3) Select a monthly payment plan that works best for you and your project.
FAQs:
What is Affirm?
Affirm is a financing alternative to credit cards and other credit payment products. Affirm offers realtime decisions and financing for purchases online. With Affirm, you can buy and receive your purchase now, and pay for it in fixed monthly installments over time.
How does Affirm work?
Here are the steps in the Affirm loan application process:
- Select to pay with Affirm at checkout.
- Affirm will prompt you to enter a few pieces of information – your name, email, mobile phone number, date of birth, and the last four digits of your social security number. Please ensure that all of this information is your own and is consistent information otherwise you may experience difficulty with your checkout.
- To ensure that you’re the person making the purchase, Affirm will send a text message to your cell phone with a unique authorization code.
- Enter the authorization code into the application form. Within a few seconds, Affirm will notify you of the loan amount you’re approved for, the interest rate, and the number of months you will have to pay off your loan. Rates range from 0-30% APR and 6, 12, or 18 monthly payments based on creditworthiness. Affirm will also state the amount of your fixed, monthly payments and the total amount of interest you’ll pay over the course of the loan.
- If you would like to accept Affirm’s financing offer, click “Confirm Loan” and you’re done.
Going forward, you’ll get monthly email and SMS reminders about your upcoming payments. You can also set up autopay to avoid missing a payment. Your first monthly payment will be due 30 days from the date we the merchant completes processing your order.
How does Affirm approve borrowers for loans?
Affirm will ask you for a few pieces of personal information – your name, email, mobile phone number, date of birth, and the last four digits of your social security number. Affirm uses this information to verify your identity, and to make an instant loan decision. Affirm will base its loan decision not only on your credit score, but also on several other data points about you. This means you may be able to obtain financing from Affirm even if you don’t have an extensive credit history.
How is interest calculated on an Affirm loan?
Affirm calculates the annual percentage rate (APR) of a loan using simple interest, which equals the rate multiplied by the loan amount and by the number of months the loan is outstanding. This is different from compound interest, in which the interest expense is calculated on the loan amount and also the accumulated interest on the loan from previous periods. You can think about compound interest as “interest on interest,” which can make the your loan amount grow larger and larger. Credit cards, for example, use compound interest to calculate the interest expense on outstanding credit card debt.
How do I make my payments?