The installment plans offered by Splitit through your Samsung Wallet are a loan if interest is charged. If you select an installment plan - meaning you are paying in equal monthly or bi-weekly payments - interest will be charged for your purchase. Your installment plan will include the purchase amount plus interest based on the APR displayed to you at checkout. This installment plan is facilitated on your eligible credit card, meaning there is no new credit check or application; however, it is still a loan because interest is charged.
If you pay in full or do not select an installment plan, then no fees or interest will be charged. Your options will be clearly displayed at checkout.