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A-Z list of store financing for electronics and household items

Whether you're shopping for a new laptop, sofa or refrigerator, learn about the financing options available to you.

Many popular stores offer 0% or low-interest financing options to help you pay for the products you want to buy. You’ll usually need to pay the amount you owe back in 6 to 36 months, and you may need good credit to qualify. Find out what stores or companies offer financing for electronics, household items and other purchases — and get more details about these offers below.

A-Z list of financing for electronics and household items

BrandFinancing offerRead more
AffirmPay in 4 interest-free payments every 2 weeks, or pay in monthly installments over 3, 6 or 12 month terms with an APR from 0% to 30%.Learn more
AmazonPay 10-30% APR over 3-48 months through AffirmLearn more
AppleFrom 4.99% APR for 12 or 24 months through AffirmLearn more
Best BuyNo interest for 3, 6, 12 or 18 months through FairstoneLearn more
The BrickInterest-free payments for 18 to 36 months through Flexiti, after-promo rates of 31.99%% to 39.99%Learn more
Canada ComputersFinancing is available via Flexiti: No interest for 3 to 6 months, or pay regular interest for 6 to 60 monthsLearn more
Canadian TireNo fees and no interest for 24 months with the Triangle MastercardLearn more
Costco5.99% to 7.99% interest over 6 to 24 months with CIBC Pace It programLearn more
easyhomeNo interest-free promo period – pay 29.99% to 46.96% APR on a minimum 36-month term. No credit check required.Learn more
FlexitiInterest-free promo period varies by store, after-promo rates of 31.99% to 39.99%Learn more
Home DepotPay no interest for 6 months, then pay 8.99% APR for up to 60 months with a Project Loan.Learn more
Leon’sPay 0% interest for 6, 12 or 24 months through Flexiti, after-promo rates of 31.99% to 39.99%Learn more
Lowe’sPay monthly installments with 0% - 19.99% APR for 6 to 60 months through the PayPlan by RBC.Learn more
MDGPay no interest for 12 months, after-promo rates of 9.47% to 32%Learn more
memoryexpressPay interest rates as low as 0% for 3, 6, 9 or 12 months with Flexiti, after-promo rates of 30.49% and 35.90%Learn more
Newegg0% interest financing over 6 weeks with the Zip payment platformLearn more
PayPlan by RBCPay 0% to 19.99% interest. Make equal monthly payments for a period of time.Learn more
StaplesNo interest for 3 to 12 months, choose from deferred or equal monthly payments for the length of your termLearn more

Affirm

Affirm financing

  • How Affirm financing works. Get 0% financing when you shop with select merchants and pay funds back in up to 4 bi-weekly, or pay up to 30% interest for 3, 6 or 12 monthly payments.
  • What can I finance? You can finance electronics, furniture, home decor, fashion, sporting goods, car accessories and wellness products.
  • What to watch out for. Financing is only available with select merchants. Monthly payment plans may charge interest and getting 0% interest depends on credit in some cases.

More financing options

Amazon.ca

Amazon financing in Canada

  • How Amazon financing works. Pay 10-30% APR over 3-48 months through Affirm, a finance provider. Repayment period depends on the purchase amount (3 or 6 months for $50+, 12 months for $150+, 18 months for $350+, 24 months for $800+, 36 months for $1,500+ and 48 months for $2,000+). You can pay it off early without penalty.
  • What can I finance? You can use Amazon financing for any product except for Whole Foods or Amazon fresh orders, digital purchases like movies and e-books, gift cards and any purchases under $50.
  • What to watch out for. Rates are high compared to other stores, and you may need to make a down payment for certain purchases.

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Apple

Apple financing in Canada

  • How Apple financing works. Shop online at Apple and select the “Pay monthly” option when prompted to check out or click “Apply now” on the Apple site to pre-qualify.
  • What can I finance? Apple offers electronic financing for iPads, iPhones and Mac computers.
  • What to watch out for. Terms are limited to 2 years. Some products are not available for financing.

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Best Buy

Best Buy financing

  • How Best Buy financing works. Apply for financing for terms of 3, 6, 12 or 18 months through Fairstone. Spend money on the card when you make purchases in-store.
  • What can I finance? You can finance electronics, appliances, musical instruments, luggage and anything else you can purchase at Best Buy, with your term length dependent on the total financing amount.
  • What to watch out for. The interest rate after the promo period is 31.99%, and there’s an $0 - $99.99 administrative fee depending on the term. Financing is only available for in-store purchases.

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The Brick

The Brick financing

  • How The Brick financing works. Get up to $20,000 when you apply for financing online or in person and pay no interest for 18 to 36 months.
  • What can I finance? You can finance furniture, bedding, appliances, electronics, home decor and anything else you can buy at the Brick.
  • What to watch out for. There’s a missed payment fee of between $59.99 and $99.99. Interest rates after the promo period are between 31.99% and 39.99% after the promo period, and there’s an admin fee of $0 to $249.95.

More financing options

Canada Computers

Canada Computers financing

  • How Canada Computers financing works. Choose a product to buy in the store and fill out an application with a sales agent. Canada Computers offers financing through Flexiti.
  • What can I finance? You can finance computers, cell phones, printers, headphones, chairs, desks, gaming equipment and other electronics.
  • What to watch out for. A minimum purchase of $500 is required and there's regular interest on terms of 6+ months. There's a one-time admin fee of $49.99 for terms of 3 to 6 months, and varying admin fees for terms 6 to 60 months (up to $239.99). Financing is only available for in-store purchases.

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Canadian Tire

Canadian Tire financing

  • How Canadian Tire financing works. Pay for your purchase using your Triangle Mastercard and get 24 equal monthly payments when you spend $150 or more.
  • What can I finance? You can finance products sold at Canadian Tire and partner stores such as Sport Chek, Mark’s and Atmosphere.
  • What to watch out for. You must have a Triangle Mastercard to get financing. Equal payments make your minimum monthly payments higher. You must spend at least $150 and there’s a 19.99% interest rate after the promo or for missed payments.

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Costco

Costco financing

  • How Costco financing works. Use your CIBC Costco Mastercard to make purchases and log them under the CIBC Pace It program to pay lower interest rates for a set term.
  • What can I finance? Finance online and in-store Costco purchases up to your credit limit and set up multiple Pace It plans for various products.
  • What to watch out for. There is no interest-free offer. Interest rates run from 5.99% to 7.99% depending on the term. You need to sign up for Pace It through online banking or the CIBC mobile app (it’s not automatically applied).

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easyhome Financing

easyhome financing

  • How easyhome financing works. Shop online from thousands of name-brand products or visit a store in person to get 9-84 month term financing. easyhome financing is lease-to-own, meaning you rent the item and only own it once you make all your payments. No credit check required.
  • What can I finance? You can finance furniture, appliances, electronics, computers and other products (through the easyhome online store or at nearby easyhome locations).
  • What to watch out for. This is an expensive option. There is no interest-free promo period, and the APR ranges from 29.99% to 46.96% APR, with a 9-84 month term. There is also a $25 processing fee.

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Flexiti

Flexiti financing

  • How Flexiti financing works. Get low or no interest payments when you use Flexiti to shop with dozens of major retailers.
  • What can I finance? You can finance eligible products with Flexiti partners such as Sleep Country, Wayfair, Leon’s, Visions Electronics, London Drugs, Lenovo, Kal Tire and many more.
  • What to watch out for. Watch out for after-promo interest rates of between 31.99% and 39.99% and admin fees. A minimum purchase may apply based on the retailer.

More financing options

Can I use my Flexiti card at Canadian Tire?

No, Canadian Tire is currently not a Flexiti partner. It has its own credit card, which is the Triangle Mastercard.

Can I use my Flexiti card at Walmart?

No, Walmart is currently not a Flexiti partner.

Can I use my Flexiti card at Costco?

No, Costco is currently not a Flexiti partner. Costco has its own credit card, which is the CIBC Costco Mastercard.

Can I use my Flexiti card at Amazon?

No, Amazon is currently not a Flexiti partner. Amazon is partnered with Affirm to provide financing for its products.

Home Depot

Home Depot financing

  • How Home Depot financing works. Use your Home Depot consumer credit card to make purchases over $299 and get 0% interest financing for 12 months.
  • What can I finance? You can finance home decor, furniture, building materials, paint, garden supplies and other eligible products from Home Depot.
  • What to watch out for. Interest rates are per year and apply if you miss a payment or fail to pay your plan back in full by the end of your 12-month term. There's a minimum $299 purchase.

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Leons

Leon’s financing

  • How Leon’s financing works. Get instant 0% financing for 6 to 24 months and choose from deferred or equal monthly payments for the length of your term.
  • What can I finance? You can finance furniture, mattresses, appliances, electronics, outdoor supplies and other products sold at Leon’s.
  • What to watch out for. There’s a minimum purchase of $250 as well as a mandatory admin fee of $29.95 - $99.95. The after-promo interest rates are between 31.99% and 39.99%, and there’s a deferral fee of $59.99 to $99.99 for late payments.

More financing options

Lowe's

Lowe’s financing

  • How Lowe’s financing works. Pay no monthly payments, 0% to 7.99% interest and no fees for 6 to 60 months using your Lowe's Consumer Credit Card.
  • What can I finance? You can finance a purchase that’s worth $300 or more.
  • What to watch out for. If you do not pay in full within the 6 to 60 months, you’ll be charged a higher interest rate from the date of purchase, and monthly payments will be required.

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MDG

MDG financing

  • How MDG financing works. Apply online to get 0% interest payments if your balance is paid in full within 12 months of purchase.
  • What can I finance? You can finance computers, cameras, drones, tablets and other tech along with home furnishings and decor.
  • What to watch out for. After-promo rates are 9.47% to 32%, and terms are limited to 12 months.

More financing options

Memory Express

memoryexpress financing

  • How memoryexpress financing works. Apply for 0% financing for 3 to 12 months when you make a minimum purchase of $500 or $1,000, depending on your term. memoryexpress is partnered with Flexiti.
  • What can I finance? You can finance computer hardware and software, gaming systems, TVs, cameras, home office equipment and various other electronics.
  • What to watch out for. There's a minimum purchase of $500 on a 3- to 9-month term and $1,000 for a 12-month plan as well as admin fees. The after-promo rates run between 30.49% and 35.90%

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Newegg

Newegg financing

  • How Newegg financing works. 0% interest financing over 6 weeks with the Zip payment platform
  • What can I finance? You can finance electronics, office equipment, gaming systems, tools, sporting goods, apparel, accessories and wellness products.
  • What to watch out for. Finance is limited to 6 weeks terms, and 25% of the product cost is due upfront. There are bi-weekly payments, and you can only borrow $3,000 or less.

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PayPlan by RBC

PayPlan by RBC

  • How PayPlan by RBC works. Get 0% to 19.99% financing on approved credit when you shop with select merchants. At checkout, you’ll be given a choice to pay for your item via PayPlan by RBC.
  • What can I finance? This depends on the store you’re buying from.
  • What to watch out for. Financing is only available with participating stores, and as of September 2022, there’s no list available of who’s participating in this program.

More financing options

staples

Staples financing

  • How Staples financing works. Take up to 12 months to pay for any purchase over $299, and pay zero interest and fees for 90 days.
  • What can I finance? You can finance electronics, computers, computer accessories, office supplies, small appliances, furniture and more.
  • What to watch out for. Financing is only available for up to 12 months. The after-promo rates are from 31.99% to 39.99% and admin fees range from $29.99 to $59.99.

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What you need to know about in-store financing

In-store financing options are designed to give you the flexibility to buy what you want, when you want, without paying upfront. This type of financing is usually offered directly through the store or company where you’re making a purchase.

Unlike credit cards that feature 0% interest for a promotional period or interest-free days when you meet payment requirements, these in-store financing agreements are offered by specific stores and can be available for longer periods of time. You will usually be billed periodically for your purchase. As a rule of thumb, newer items usually incur less interest and are therefore cheaper to finance, while older items likely incur higher interest payments.

In our guide, we show you how to compare in-store financing options to help you decide if it’s the right type of financing for you.

Which types of stores offer in-store financing?

There are a variety of different stores across Canada that offer in-store financing including:

  • Electronics outlets
  • Furniture stores
  • Hardware stores
  • Wholesale retailers
  • Retail stores
  • Music shops

Where do stores get the money to offer financing to customers?

There are two ways for businesses to provide customers with financing. The first is to provide funds and manage the entire process in-house. This involves taking on the entire responsibility of evaluating applications, disbursing loans, settling customers’ bills and collecting repayment. Businesses offering in-house financing solutions suffer the loss if customers default on their loans.

The second way to provide financing is to outsource the entire process to a third-party company such as Viabill or Financeit. In this scenario, the third-party company receives customers’ applications from the merchant, provides a quick funding decision and (if approval is granted) pays the merchant the full cost of the customers’ bill. Customers repay the third-party financing company, which assumes the risk for the loan so the merchant doesn’t have to.

Many businesses choose to offer financing through third-party companies, because it’s easier and less risky. However, in return, merchants may have to pay financing companies a flat, monthly fee or a small percentage of each bill (often 1% to 5%). In some cases, third-party lenders may process customer financing using merchants’ existing point-of-sale systems of e-commerce platforms, charging no more than what merchants would normally pay to process customers’ transactions by debit or credit.

Can I get electronic financing with no credit check in Canada?

It’s difficult to get electronic financing with no credit check in Canada unless you opt for lease-to-own (also known as “rent-to-own”). At the very least, most lenders will do a soft pull on your credit to make sure you can repay your loan. A soft pull won’t affect your credit score but still lets your lender see your credit report.

Cashing in on a 0% interest rate offer will depend on whether you have good credit. You could also be denied financing all together if you have bad credit. It usually depends on the company you apply with and what amount of financing you’re looking for.

Can I get electronic financing with bad credit?

Most financing programs offered by stores are on approved credit (OAC). You typically need good to excellent credit score above 660 to get approved for financing. If you have bad credit and don’t have the funds to pay for your item in cash, an option is to apply to online lenders that offer personal loans for bad credit. Compare lenders below, or learn more about the best personal loans for bad credit.

Other options for electronic financing or household item financing

Name Product Ratings Interest Rate Loan Amount Loan Term Requirements
Loans Canada Personal Loan
Finder Score:
★★★★★
Customer Survey:
★★★★★
6.99% - 46.96%
$300 - $50,000
3 - 60 months
Requirements: min. credit score 300
Spring Financial Personal Loan
Finder Score:
★★★★★
Customer Survey:
★★★★★
10.80% - 46.99%
$500 - $35,000
6 - 60 months
Requirements: min. income $1,800/month, 3+ months employed, min. credit score 500
LoanConnect Personal Loan
Finder Score:
★★★★★
Customer Survey:
★★★★★
8.99% - 46.96%
$500 - $50,000
3 - 120 months
Requirements: min. credit score 300
AimFinance Personal Loan
Finder Score:
★★★★★
46.00%
$1,000 - $5,000
9 - 24 months
Requirements: min. credit score 580
Mogo Personal Loan
Finder Score:
★★★★★
Customer Survey:
★★★★★
9.90% - 46.96%
$500 - $35,000
6 - 60 months
Requirements: min. income $13,000/year, min. credit score 500
SkyCap Financial Personal Loan
Finder Score:
★★★★★
Customer Survey:
★★★★★
12.99% - 39.99%
$500 - $10,000
9 - 60 months
Requirements: min. income $1,666.67/month, full time employment/pension, min. credit score 575, no bankruptcy
goPeer Personal Loan
Finder Score:
★★★★★
8.99% - 34.99%
$1,000 - $35,000
36 - 60 months
Requirements: recommended income $40,000/year, no payday loan debt, min. credit score 600, min. 5-year credit history. (Avg. approved rate of 15.80%)
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Name Product Welcome Offer Rewards Purchase Interest Rate Annual Fee Min. Credit Score Description
RBC ION Visa
3,500 points
1.5 points per $1 spent
20.99%
$0
Min. recommended credit score: 660
Get 3,500 Avion points when you get approved for the card.
Neo Credit Mastercard
Get $25.00 + up to 15% cash back
Average 5% cash back
19.99% - 29.99%
$0
Min. recommended credit score: 600
Get $25 when you sign up for the Neo Financial Mastercard. Plus, earn bonuses like 15% cashback on your first purchase at most partners, and earn an average of 5% cashback at thousands of partners and at least 0.5% cashback guaranteed.
Tangerine World Mastercard
10% cash back
Up to 2% cash back
19.95%
$0
Min. recommended credit score: 600
Earn 10% cash back (up to $100) when you spend $1,000 in the first 2 months. Valid until April 30, 2024. Plus, get a 1.95% interest rate on balance transfers for the first 6 months.
American Express Cobalt Card
15,000 points
Up to 5x points per $1 spent
20.99%
$155.88
Min. recommended credit score: 700
Earn up to 15,000 Membership Rewards points in your first year. Earn 1,250 Membership Rewards points for each monthly billing period in which you spend $750 in purchases. That’s up to $150 towards a weekend getaway or concert tickets.
BMO CashBack Mastercard
5% cash back
Up to 3% cash back
20.99%
$0
Min. recommended credit score: 660
Get 5% cash back on all eligible purchases in the first three months of card membership (up to max. spend of $2,500). Plus, get a rate of 0.99% on balance transfers for 9 months. A 2% fee applies to transferred balances.
Tangerine Money-Back Credit Card
10% cash back
Up to 2% cash back
19.95%
$0
Min. recommended credit score: 600
Earn 10% cash back (up to $100) when you spend $1,000 in the first 2 months. Valid until April 30, 2024. Plus, get a 1.95% interest rate on balance transfers for the first 6 months.
RBC Cash Back Mastercard
N/A
Up to 2% cash back
20.99%
$0
Min. recommended credit score: 650
RBC ION+ Visa
7,000 points
3 points per $1 spent
20.99%
$48
Min. recommended credit score: 660
Get up to 7,000 welcome points. Get 3,500 points on approval and earn 3,500 bonus points when you spend $500 in your first 3 months.
BMO Preferred Rate Mastercard
0.99% rate on balance transfers for 9 months
N/A
13.99%
$0 annual fee for the first year ($29 thereafter)
Min. recommended credit score: 660
Get a rate of 0.99% on balance transfers for 9 months with a 2% transfer fee. Plus, get the $29 annual fee waived in the first year.
BMO eclipse rise Visa Card
25,000
Up to 5 points per $2 spent
20.99%
$0
Min. recommended credit score: 660
Earn up to 25,000 bonus points.
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