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Goldman Sachs, the white-shoe investment bank, launches installment loan business with JetBlue

April 10, 2020


Goldman Sachs is taking another step into the world of retail banking with an installment loan product that’s launching with JetBlue Airways.

The bank quietly released a website for something called MarcusPay this week, allowing users to break up big-ticket purchases into monthly payments. Loans ranging from $750 to $10,000 are repaid over 12 or 18 months at a fixed rate of 10.99% to 25.99%, with no fees apart from interest, according to the site.

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