Goldman Sachs Launches MarcusPay Installment Loan Product

CNBC is reporting that Goldman Sachs has quietly launched a new point of sale installment loan product with JetBlue as their initial partner; called MarcusPay it allows for loans from $750 to $10,000 to be paid over 12 to 18 months with APRs ranging from 10.99% to 25.99%; there are no upfront fees or deposits required; by creating a buy now, pay later product it helps Marcus become front and center in the everyday lives of consumers and expands their brand beyond personal loans and savings; the partnership with JetBlue was in development well before the coronavirus epidemic put a halt to most air travel; with few people booking trips right now MarcusPay appears as a payment option for vacation packages that happen in the fall of this year. CNBC

  • Emily Donato

    With efforts in many different areas of the team, she helps manage, organize and execute digital and event content. She works with webinars, podcasts, social media along with managing the hundreds of speakers that attend our conferences. Emily was a part of the Zimmerman Advertising Program at the University of South Florida. She graduated in 2019 receiving a Bachelor of Science in Business Advertising.