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Affirm Review

Loan Amount $1,000 $2,000 $5,000
Interest Rate 24% 19% 13%
Loan Term 12 Months 24 Months 48 Months
Fee 3% 5% 8%

Affirm’s primary product is installment loans. The company offers these loans at the point of sale for online and brick-and-mortar retailers. The loans are repaid over time in fixed monthly payments, with no hidden fees or prepayment penalties. Affirm also offers a co-branded credit card with Visa, which can be used anywhere Visa is accepted.

Affirm is a financial services company that offers installment loans to consumers. The company was founded in 2012 by Max Levchin, an early PayPal employee, and is headquartered in San Francisco, California. Affirm loans are designed to be used for short-term expenses, such as travel or home repairs. Loan terms range from 3 to 24 months, and interest rates range from 0% to 30%.

Affirm does not require a minimum credit score for loan approval. Instead, the company uses a variety of data points to assess each borrower’s risk. Affirm has partnerships with over 1,000 merchants, including Expedia, Etsy, and Affirm is available in the United States and Canada.