Affordable financing refers to a loan or financial assistance that is offered at reasonable rates and terms, making it easier for individuals or businesses to pay off without straining their budget. It allows people who may not have access to traditional bank loans or those with lower credit scores to obtain the funds they need to purchase items such as homes, cars, or other large purchases that require financing. The goal of affordable financing is to provide a pathway for individuals and businesses to achieve their financial goals without being burdened by high interest rates or unaffordable monthly payments.