Retail Financing

Retail financing is a type of loan or credit offered by retailers to customers to help them purchase products or services. Instead of paying the full amount upfront, customers can spread the cost over time through monthly payments. This financing is typically arranged through the retailer or a third-party financial institution, often with interest or fees. It makes expensive items, like appliances or electronics, more affordable by providing flexible payment options, enabling consumers to buy what they need without immediate full payment, while allowing retailers to increase sales.