How much percentage does Affirm take?
Sell more with Affirm
Your rate will be 0% APR or 10–36% APR based on credit, and is subject to an eligibility check. Affirm Pay in 4 payment option is 0% APR.
Is Affirm really 0%?
0% APR is available on 3-month, 6-month and 12-month terms only. If you don’t qualify, Affirm offers 10-30% financing. They also offer loans over 18, 24 (for $1300+), and 36 months (for $1600+) at 10-30%. Qualification for all loans shall be determined by Affirm in its sole discretion.
What is the downside of Affirm?
With standard interest rates ranging from 10% to 30%, customers may want to explore other payment options first for retailers that do not offer 0% financing. May require a credit check. Affirm may do a soft credit inquiry to verify a customer’s identity and to prequalify them for their spending limit.