BuildDirect today announced its partnership with Affirm Inc., a financial technology company that provides transparent payment alternatives to traditional credit. Now, U.S.-based BuildDirect customers have easy access to flexible and transparent financing options to pay for home improvement and renovation materials over time. At the point of sale, shoppers will see exactly how much they’ll pay in fixed monthly installments over the term they choose.
“A key hurdle for many working on home remodeling projects and renovations is cost, as large or bulk purchases of products such as flooring can be very expensive,” said Dan Park, CEO of BuildDirect. “We are committed to making home improvement and renovation projects simple and convenient which is why we’re pleased to partner with Affirm. Customers now have the flexibility of buying today and making payments later, which reduces the price at checkout and supports any budget.”
Customers can select the Affirm payment option upon checkout and are provided with real-time approval of their loan amount, interest rate, and the total amount of interest they will pay. Customers can select 6, 12, or 18-month payment terms at competitive rates based on sophisticated underwriting that looks beyond traditional credit scores. To make payments easy, customers can sign up for autopay and reminders are sent via email and SMS.
“The traditional credit model is fundamentally misaligned with what’s in the best interest of consumers,” said Rob Pfeifer, Chief Revenue Officer at Affirm, Inc. “People want to have more control over their finances and appreciate having transparent, simple payment options when making purchases for things like major renovation projects, where every dollar counts. Affirm gives BuildDirect’s customers the ability to spread costs out over time without hidden fees and compounding interest.”
For more information on BuildDirect’s partnership with Affirm, visit www.builddirect.com/affirm.