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user-inactivated · 3291 days ago · link · · parent · post: Amazon starts offering loans to customers with pay monthly option
Whose terms are they competitive with? There are credit cards that charge half the interest they do.The loan can be spread over two, three or four years depending on the size of the purchase, with Amazon charging interest at an advertised rate of 16.9%.
“The new Amazon Pay Monthly programme provides our customers with further payment options to suit their needs when shopping on our website, and it is easy, convenient and offers competitive rates and flexible terms.”