POS means point-of-sale, as at the time of the purchase. POS financing describes methods for giving online consumers flexible, pay-over-time instalment options. POS lending can be offered by banks or any other type of financial institution.

POS lending is mainly used by consumers purchasing more expensive goods and services. Interest, fees and payment schedules vary with the size of the loan and the loan issuer. A POS loan may require a credit check.