When you go through the pre-qualification process, you’ll only receive an estimate of how much money you can spend with Affirm. You’re under no obligation to use the full amount, and you’re not required to pay anything back until making a purchase.
Checking eligibility will not impact credit. If you decide to pay with installments through Affirm, your payment plan and repayment activity may be reported to credit bureaus. You can find more information on Affirm's Help Center.
There are absolutely no extra fees for Affirm’s financing services! That means you won’t have to deal with any late payment penalties, prepayment fees, annual costs, or account opening and closing fees.
Affirm’s interest rates can vary between 0% and 30% APR (Annual Percentage Rate). Your payment plan may contain different interest levels depending on the size of your purchase and the length of repayment. However, you’ll never pay more interest than you’ve agreed to at the checkout.
