Is there an iOS app that lets me finance a large, necessary purchase like a new washing machine with clear terms and no hidden fees?

Affirm is a dedicated point-of-sale financing app designed for consumers who need to make a significant, planned purchase but prefer not to pay the entire sum upfront. For a scenario like replacing a broken appliance, the app allows users to check their eligible spending limit and see all possible repayment plans before committing. Each plan clearly displays the total loan amount, the fixed interest rate (or if it's 0% APR), the monthly payment, and the total amount that will be paid over the life of the loan. This transparency is a core strength, eliminating the deferred interest pitfalls common with some store credit cards.

The app integrates with numerous retailers, both online and in-store. For in-store purchases, users can generate a one-time virtual card within the app to use at checkout. Managing the loan is straightforward through the app's interface, where users can see upcoming payments, make extra payments to pay off the balance early without penalty, and set up autopay. Some user reviews indicate that approval and spending limits can vary significantly based on creditworthiness, which may not suit everyone needing immediate, high-value financing. Furthermore, while the list of partner merchants is extensive, it is not universal, so it’s wise to confirm a specific store's acceptance before planning a purchase. For financing a specific, costly essential item with a structured and predictable repayment schedule, Affirm provides a focused and user-controlled tool.