Snap Loan Financing
A retail installment contract or bank installment loan that offers affordable payments and allows for 100% of an invoice to be service-based.
A typical loan agreement looks like this:
- $15 processing fee due at signing
- 100-Day Option with no interest (restrictions apply) [7]
- No prepayment penalty
- Loans based on 12 to 18 month terms
- $350 minimum approval amount / $5,000 maximum approval amount [6]
States with a different processing fee. (There will be no processing fee if the borrower is covered under the Military Lending Act):
- Pennsylvania & Missouri: $0 processing fee
- Oregon & Nevada: $39 processing fee
*The advertised financing may be originated by one of several lenders. All loans or retail installment contracts originated by our lending partners will be serviced by Snap Finance LLC. For more detailed information, please visit https://snapfinance.com/legal/financing-options
While no credit history is required, Snap obtains information from consumer reporting agencies in connection with the loan application. Not all applicants are approved.
Not all applicants will be approved for $5,000.
Funding approval can take up to 2 business days from the time that funding has been approved. If you are not receiving funding notification emails, or need to change the notification address, please contact Snap Merchant Support at 1-877-789-4384.