Secured & Unsecured Loans
The bank program and products are originated by FinWise Bank. The bank offers both secured and unsecured installment loans that can fund either the merchant or the consumer directly.
All bank loan products are underwritten, originated and held by FinWise Bank, an FDIC-insured bank. American First Finance is servicing these loans on behalf of FinWise Bank.
An Early Payoff Discount allows you to pay off your contract early at a discounted amount. It typically lasts for 90 or 101 days starting on the date interest begins to accrue after you’ve opened your account. The time frame may vary, so check your contract for specific details about your Early Payoff Discount Period.
You may save money on interest by paying off the full balance within the Early Payoff Discount Period.
Here’s what is included in the full balance: If you pay off during the Early Payoff Discount Period, you would not pay any interest – only the Amount Financed, Origination Fee, and other applicable fees (e.g., Late Fees, Liability Damage Waiver (LDW) fees if LDW coverage was selected, and NSF fees).
Example: If your Amount Financed is $1,000.00 and you pay a $50.00 origination fee, you will only pay $1,050.00 if you pay off during the Early Payoff Discount Period.