• charles@lemmy.world
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    10 months ago

    What’s the interest payment/cost for this kinda service? I’ve fortunately never been in a position to need it.

    • catloaf@lemm.ee
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      10 months ago

      Little or nothing if you make the payments.

      If you miss a payment, the rates go sky high.

    • Cheems@lemmy.world
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      10 months ago

      I’ve used affirm a few times in the past for larger purchases. So I bought a $600~ table saw and you pick the length of the loan in months 3/6/12 whatever. I didn’t get whatever months interest free but the interest didn’t seem too crazy. It was like a couple of bucks every month and if you pay it off early you don’t have to pay the rest of the interest. It’s convenient for the purposes that I use it for. I’m really glad that I’ve not been in a position to need it for groceries.