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Affirm has launched a new pilot program offering Buy Now, Pay Later (BNPL) financing specifically for rent payments. The service allows renters to split their monthly rent into two equal payments. The first payment is made to the landlord at the start of the month, while the second is paid to Affirm later. To qualify, properties must use a supported property management software, though specific partner details have not been disclosed. Affirm emphasizes that the service does not charge late fees or compound interest. This move capitalizes on the rising demand for flexible rent payment solutions, following similar expansions by competitors like Block’s Afterpay and Zip.
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