US airline JetBlue and Marcus by Goldman Sachs has decided to offer travelers a no-fee, no deposit, fixed-rate installment loan option at the point of sales (POS).

JetBlue will enable customers to avail this facility by expanding the availability of MarcusPay, in addition to vacation packages.

This payment option allows customers to pay for larger purchases in installments.

Customers booking a trip costing $750-10,000 can apply for a loan.

They can see the amount they need to pay and the installment period after booking a trip.

The first installment payment is not due until one month from the date of the booking.

Customers can apply for the MarcusPay loan on JetBlue’s website. Later, the loan application will be available on JetBlue mobile app.

The loans will be financed by Goldman Sachs Bank.

Marcus head of consumer lending partnerships Elisabeth Kozack said: “JetBlue is a terrific partner for MarcusPay.

“They remain focused on delivering against their customers’ needs and providing transparency, which helps them deliver a differentiated customer experience for travelers.”

JetBlue’s partnership with Marcus is in line with its aim to offer personalized trip experiences to travelers.

Customers can book flights and amenities including hotels, car rentals, and more, and pay for these purchases over time.

For those booking directly, JetBlue offers personalized deals on car rentals, hotels, activities, and travel insurance.

JetBlue president of travel products Andres Barry said: “JetBlue is excited to be the inaugural partner for MarcusPay and provide our customers with an additional way to finance their trips when the time is right.

“Customers lock in a fixed rate and the opportunity to pay over time, removing some of the hassle and added costs of planning a vacation.”

JetBlue first rolled out MarcusPay earlier this year for its customers, offering vacations packages bundling flights with hotels