Promotional financing enables shoppers to pay by taking out a loan that offers deferred interest or 0% interest during a promotional period. This makes it easier for shoppers to make big purchases.
The shopper makes monthly payments to the financing company as with a regular loan, but without paying interest. The minimum required monthly payment may not be enough to pay off the loan when the promotional period ends. If there is an unpaid balance by the end of the promotional period, the shopper needs to make further monthly payments and start paying interest. The Annual Percentage Rate (APR) in that case differs per shopper and can be calculated from the start of the promotional period (deferred interest) or from the end of the promotional period.
You can request a promo financing offer with the shopper's Synchrony card. If there is no Synchrony present, you need to look up the shopper's account details.