# Affirm CEO Predicts AI Shopping Agents Will Push Interest-Free Loans

> Affirm CEO Max Levchin says AI shopping agents will steer buyers toward interest-free installments, raising delinquencies as shares drop 9%.
- Title: Affirm CEO Predicts AI Shopping Agents Will Push…
- Summary: Affirm CEO Max Levchin says AI shopping agents will steer buyers toward interest-free installments, raising delinquencies as shares drop 9%.
- Keywords: affirm, ai shopping agents, interest-free installments, delinquencies, share price drop, ceo max levchin, gross merchandise volume, payment plans, loan delinquencies, Pymnts
- Source: Pymnts — https://pymnts.com/earnings/2026/affirm-ceo-expects-ai-shopping-agents-to-favor-interest-free-installments
- Author: PYMNTS
- Published: 2026-11-06T02:46:33+00:00
- Read time: 1 min
- Topics: affirm, ai shopping agents, interest-free installments, delinquencies, share price drop, ceo max levchin, gross merchandise volume, payment plans, loan delinquencies, business, finance
## Affirm CEO's AI Shopping Prediction
Affirm CEO Max Levchin expects AI shopping agents to steer buyers toward interest-free installment loans.

> I expect 0% volume to go up a lot in agentic
## Interest-Free Loans Now 28% of Sales
Interest-free installment loans account for 28% of Affirm's gross merchandise volume in the September quarter.
## Share Price Drops 9% After Earnings
Affirm shares fell more than 9% after hours as analysts questioned the rise in delinquencies.
## Delinquencies Rise to 2.9%
The share of U.S. loan balances at least 30 days past due rose to 2.9% in September.
## AI Agents May Increase Delinquencies
Levchin warned AI commerce could be messy, with agents making unwanted purchases and fraud risks.
## Affirm Plans New AI Financing Tools
Affirm will introduce card-specific financing offers this quarter and pilot Edge for other issuers' debit cards.
## Key takeaway

Affirm CEO Max Levchin expects AI shopping agents to increase interest-free installment loans, causing a 9% share price drop after delinquencies rose.