Financing through Synchrony Bank
Deferred interest= no interest if paid in full with promotional period.
We offer a variety of different financing options for our customers. Including deferred interest payment plans and equal monthly payment plans through Synchrony Financial.
The online application is quick and easy for you to use. Usually, the process takes five minutes in total.
Deferred interest: One of the most popular Synchrony financing promotions is deferred interest, which is also known as “no interest if paid in full within XX months” promotional financing.
What Deferred Interest Is: Deferred interest financing is just as it sounds: when a customer uses this type of financing on their purchase, interest is accruing (adding up) from the purchase date but is deferred. During this promo period, the customer must make minimum monthly payments and pay off their qualifying purchase. If they pay the entire promotional balance in full by the end of the promo period, the accrued interest will not be charged to the account, and the customer will pay no interest. If they don’t pay off the purchase in full, by the end of the agreed-to promo period, then the interest that has been accruing from the date of purchase will be added to the remaining balance. The interest is charged at the standard APR for your program. See account terms for APR details.
Please email us if you have any questions. If you need help with your application please use the chat feature on the Synchrony application page to contact a live agent.
If you'd like to see an example of what your payments would look like, please use this free payment calculator from Synchrony.
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