Loans through Cherry Technologies Inc. and its subsidiaries are issued by Lead Bank, Member FDIC, Cross River Bank, Member FDIC, Cherry Technologies Inc. or Cherry LLC.
Retail installment sales contracts through Cherry Technologies Inc. and Cherry Retail Installment LLC (‘Cherry”) are issued by our merchant partners and purchased by Cherry.
For more information regarding Cherry’s licenses please see our licensing page.
What might a Cherry Payment Plan look like?
For example, a $1,000 payment plan with Cherry may cost $40/month over 24 months at 0% APR with down payment in the amount of monthly payment due at the time of purchase. This purchase would have a total cost of $1,000.00.
For example, a $10,000 payment plan with Cherry may cost $479.85/month over 24 months at 18.99% APR with a down payment in the amount of the monthly payment due at the time of purchase. This purchase would have a total cost of $11,996.25.