Deferred-interest financing

What is it?

Deferred-interest financing is a borrowing option that lets you make a purchase with the opportunity to pay no interest. When you make a purchase using Deferred-interest financing you make payments monthly in order to pay off the debt. As long as you pay the appropriate amount each month on time you won't have to pay any interest. If you miss a payment or don't pay the full debt by the end of the promotional period you get money added to the entire balance. Buying on deferred-interest is beneficial if you are able to make all the payments on time.