What is Synchrony Pay Later?

Q: How do I pay my loan payments?

Pay in 4: When you applied for a Synchrony Pay in 4 loan, you set up autopayments, so you don’t need to do anything else. You will be reminded of an upcoming payment via email before your payment is due, and the payment will be processed when the payment is due. You will receive another message confirming that each payment was processed by us. Pay Monthly: You can pay your loan payments with a debit card or ACH transfer online at paylater.syf.com . You also have the option to pay your loan payments via phone with either a debit card or ACH transfer.

Q: What’s my payment schedule?

Pay in 4: Payments are due every two weeks until loan is paid in full. Please visit paylater.syf.com to view your most recent payment and your next scheduled payment date. Pay Monthly: Payments are due monthly until loan is paid in full. Please visit paylater.syf.com or to view your next scheduled payment date.

Q: What happens if I miss a payment?

Pay in 4: A payment not made by your due date would cause your loan to be in default. Pay Monthly: A late fee is assessed on late payments. The late fee amount will either be $25 or the amount of your scheduled payment, whichever is less.

Q: Is there a late fee if I don’t pay on time?

Pay in 4: No, there are no late fees associated with this loan. Pay Monthly: Yes, a late fee is assessed on late payments. The late fee amount will either be $25 or the amount of your scheduled payment, whichever is less.

How it works

Apply for Pay Later

Apply for Synchrony Pay Later with participating retailers and providers.
Make a purchase

Buy now and pay later on the purchases that matter to you.
Pay over time

We make it easy. Log into your account and make payments over time.

A different way to pay

When you choose Synchrony Pay Later, you'll enjoy:

Purchasing power with more financing options
Payment flexibility for purchases - from everyday necessities to high-ticket items
Predictable payments to make budgeting easier
Streamlined application process with immediate credit decision

Synchrony Pricing Guide

Pay Later (Up to 60 Mo) + Synchrony Flex Credit Card

Cart	Promos
$50–$500	Pay in 4 (over 6 weeks)
$199–$499	6 Mo Equal Pay No Interest*
$500–$1199	12 Mo Equal Pay No Interest* Pay Monthly Loan for 12 Mo
$1200–$1999	18 Mo Equal Pay No Interest* Pay Monthly Loan for 24 Mo (Select customers may be approved for 0% APR)
$2000–$3999	24 Mo Equal Pay No Interest* Pay Monthly Loan for 48 Mo
$4000+	24 Mo Equal Pay No Interest* Pay Monthly Loan for 60 Mo

*No interest with equal monthly payments.

Frequently Asked Questions

Servicing/Payments

How do I pay my loan payments?

Pay in 4: When you applied for a Synchrony Pay in 4 loan, you set up autopayments, so you don’t need to do anything else. You will be reminded of an upcoming payment via email before your payment is due, and the payment will be processed when the payment is due. You will receive another message confirming that each payment was processed by us.

Pay Monthly: You can pay your loan payments with a debit card or ACH transfer online at paylater.syf.com. You also have the option to pay your loan payments via phone with either a debit card or ACH transfer.

What’s my payment schedule?

Pay in 4: Payments are due every two weeks until loan is paid in full. Please visit paylater.syf.com to view your most recent payment and your next scheduled payment date.

Pay Monthly: Payments are due monthly until loan is paid in full. Please visit paylater.syf.com or to view your next scheduled payment date.

What happens if I miss a payment?

Pay in 4: A payment not made by your due date would cause your loan to be in default.

Pay Monthly: A late fee is assessed on late payments. The late fee amount will either be $25 or the amount of your scheduled payment, whichever is less.

Cards/Loan Numbers/Statements

Will I get a card with my loan number on it?

No. Synchrony will not be issuing a card when this loan is opened because this loan is not a credit card.

Is this different from a credit card?

Yes. Synchrony Pay Later is an installment loan, so it can only be used to finance the initial purchase for which it was opened. In addition, no card is issued when an installment loan is opened.

Can I have multiple loans at the same time?

Yes, you can have multiple Synchrony Pay Later and/or other Synchrony loans, subject to credit approval.

Credit Check

Does this loan require a credit check?

Yes, we will check a credit bureau when determining your eligibility for this loan.

Will applying for Synchrony Pay Later impact my credit score?

Applying for a Synchrony Pay Later product for loan amounts greater than or equal to $3,000 may impact your credit score. Applying for a Synchrony Pay Later product for loan amounts less than $3,000 will not impact your credit score.

Fees and Charges

Is there an annual fee?

No, your Synchrony Pay Later installment loan does not have an annual fee.

Is there a late fee if I don’t pay on time?

Pay in 4: No, there are no late fees associated with this loan.

Pay Monthly: Yes, a late fee is assessed on late payments. The late fee amount will either be $25 or the amount of your scheduled payment, whichever is less.

Promos/Loan Terms/Loan Contact

What is my interest rate?

Pay in 4: Your Synchrony Pay in 4 loan has a 0% APR. There is no interest associated with this product.

Pay Monthly: The interest rate is based on a customer’s creditworthiness, length of term and other factors and can vary from 0-29.99% APR. You can choose from up to three loan terms at the time of approval. The APR and duration loan terms you select will remain in effect for the duration of the loan. You can find your interest rate and loan terms at paylater.syf.com.

What happens if I can’t successfully make my Initial Payment?

Pay Monthly:If we are unsuccessful in processing your Initial Payment, a Loan will not be opened for you. Please review your payment method details and confirm sufficient funds are available to cover the Initial Payment amount.

Refunds on Purchases

How do refunds work?

Pay in 4: All returns are subject to the merchant’s return and cancellation policy. You are still responsible for payments based on your original loan terms.

Pay Monthly: All returns are subject to the merchant’s return and cancellation policy.

Full Refund: If the entire purchase is returned to the merchant, it is considered a full return. The merchant will credit the loan balance with the purchase amount, which pays off the principal. If a full return is made within 45 days of the loan opening, you will receive a complete refund, including any interest paid on the loan. If a full return is made after the 45 days, you will receive a refund of the principal balance but not any interest paid.

Partial Refund: A partial return will reduce the principal balance. The remaining principal and interest (if applicable to your Pay Later loan) will still be due on your loan. As a result, you may pay off the loan sooner, depending on the size of the return.

What happens if I return everything?

All returns are subject to the merchant’s return and cancellation policy. If the entire purchase is returned to the merchant, it is considered a full return.

Pay in 4: All returns are subject to the merchant’s return and cancellation policy. You will be responsible based on the terms of your Synchrony Pay in 4 loan.

Pay Monthly: If a full return is made within 45 days of the loan opening, you will receive a complete refund, including any interest paid on the loan. If a full return is made after the 45 days, you will receive a refund of the principal balance but not any interest paid.