How to Finance your Mini Split (Affirm)

Although ductless mini splits are a more affordable heating and cooling option compared to traditional HVAC, you may still have to set aside some room in your budget to afford a mini split system.

Fortunately, when you buy your ductless mini split through our team at PowerSave AC, you can get financing through Affirm.

If this is the first time you’ll use Affirm, then read on. We’ll explain everything you need to know ahead.

What Is Affirm?

Affirm is a credit provider and financing service that allows you to buy more expensive services and items now and then pay for them later. You can skip the credit cards when checking out through Affirm, and they even approve those who may have a new credit history or not a lot on their credit as of yet.

How Does Affirm Work?

When you’re approved for Affirm (more on that in a moment), you click Pay with Affirm when buying your ductless mini splits. The checkout process will then allow you to buy with Affirm financing rather than paying the full cost of your mini split system upfront.

You select the terms of paying back the loan, doing so in three months, six months, or 12 months. The APR is between 10 to 30 percent for most Affirm purchases.

You can set up Affirm payments automatically, with the credit provider taking money out of your bank account or through bank transfers depending on your preferences.

Am I Eligible for Affirm?

Affirm will accept many applicants, but you must be 18 to 19 years old to be eligible. Further, your eligibility hinges on a variety of other factors. You must have a home address in the United States that’s considered valid. Also, you cannot live in West Virginia or Wyoming, as Affirm services are not offered in those states at this time.

What Is the Affirm Approval Process Like?

When you’re checking out your ductless mini split system with Affirm (by selecting the Pay with Affirm option when you check out), you’re not automatically approved. First, you have to input your full name, your birthdate, your phone number, and the end of your social security number (four digits).

Then, Affirm will give you an authorization code via text message. Type in this number as part of your application. Affirm will run a credit check and confirm your identity.

How Long Does It Take to Get Approved for Affirm?

Once Affirm completes those steps, the service will look at “data points” besides your credit score to determine if you’re approved. This takes moments. Upon being approved, you’ll also see your loan amount and its interest rate. You can choose how long you can pay back your ductless mini split loan through Affirm as well.

Ready to Buy Your Ductless Mini Split System? Call PowerSave AC!

Now that you know buying your ductless mini split system can be easy and affordable through Affirm, reach out to our team at PowerSave AC today!