Affirm Installment Loans
in Personal Loans from Affirm Inc.Unaffiliated
Affirm Installment LoansUnaffiliated
in Personal Loans from Affirm Inc.
Mostly not recommended
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Affirm Installment Loans Review
Affirm Installment Loans is offered by Affirm Inc., a direct lender founded in 2012 and based in San Francisco, CA. Affirm Installment Loans is available in 49 states (and Washington, DC).
- Fast access to cash. In some cases you can get your money within 1 business day.
- Fair credit accepted. The credit score needed for Affirm Installment Loans is relatively low. Borrowers with a credit score as low as 640 may qualify for Affirm Installment Loans.
- No late fees. Missing a payment can seriously damage your credit, but Affirm Installment Loans will not charge additional fees if you miss the due date on a payment.
- Short loan terms. Affirm Installment Loans offers loan terms as short as 3 months. Most personal loans have a minimum term of 12 to 36 months.
Affirm Installment Loans Pros and Cons:
What rates and terms does Affirm Installment Loans offer?
What APR rate does Affirm Installment Loans offer?
Affirm Installment Loans offers a fixed APR personal loan product that ranges from 10% APR up to 30% APR.
Your APR can vary depending on several factors, such as your credit score. Find out what your credit score is and whether there is any false or inaccurate information in your credit history with these credit monitoring tools.
What can a personal loan from Affirm Installment Loans be used for?
Personal loans from Affirm Installment Loans are typically used for special purchases, debt consolidation, home improvement projects, weddings, unexpected expenses or similar purposes.
What is the maximum loan term you can get with Affirm Installment Loans?
Affirm Installment Loans offers personal loans with terms ranging from 3 to 12 months. Having the option of longer terms allows borrowers to take on larger loan amounts while keeping monthly payments more affordable. However, the longer the term of your loan, the more interest you will pay.
|Loan Term||3 - 12 months|
|APR||10% - 30%|
What fees does Affirm Installment Loans charge?
Does Affirm Installment Loans charge an origination fee?
Affirm Installment Loans may charge a loan origination fee.
Does Affirm Installment Loans charge a late fee?
No, Affirm Installment Loans will not charge you a late fee..
Does Affirm Installment Loans charge prepayment fees?
No, Affirm Installment Loans does not charge prepayment fees. This means you will not have to pay additional fees if you decide to pay the loan off early.
|Late Payment Fee||N/A|
What do you need to qualify for Affirm Installment Loans?Applicants with a credit score of at least 640 and up to 850 are eligible for Affirm Installment Loans. The minimum age to be eligible is 18 or the state minimum, whichever is higher.
Affirm Installment Loans does not have or does not disclose a minimum annual income eligibility requirement.
The Military Lending Act (32 C.F.R. § 232) prohibits lenders from charging service members more than 36% APR on credit extended to covered borrowers. Active duty service members and their covered dependents are eligible to apply for a loan via Affirm Installment Loans. Their rates fall within the limits of The Military Lending Act.
Permanent resident / green card holders are also eligible to apply.
|Bank Account Required?||No|
|Application Types Accepted||
|Credit Score||640 - 850|
What is the estimated funding time for a personal loan via Affirm Installment Loans?
Affirm Installment Loans will typically approve (or deny) a loan application within 1 hour and fund personal loans within 7 business days of approval.
- Washington, DC
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Rhode Island
- South Carolina
- South Dakota
|No Prepayment Fee|
|No Late Fees|
|Immigration Status Considered||U.S. Permanent Resident|
|Joint Loan Applications Accepted||Individual Applications|
|Credit Score Range||
640 - 850
|APR (Fixed APR)||10% - 30%|
|Loan Term||3 - 12 months|