Snap does not provide cash loans. If approved for our lease-to-own product, a Snap affiliate will purchase the merchandise and lease it to you. You can make payments over time until the terms of your lease are fulfilled and you acquire ownership.
If you're approved for an installment loan product, Snap's bank partner will pay the merchant directly, and you will make payments to that partner, with Snap acting as a servicer.
If you are approved for a retail installment contract (available only in CA, NV, PA, and OR), the merchant will be extending you credit, although in most cases the installment contract will be purchased by a Snap affiliate and serviced by Snap.